Wind Industry Hits Rough Seas as Problems Mount

📆 8/7/2023 10:00 PM
📰 WSJ

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The wind business, viewed by governments as key to meeting climate targets and boosting electricity supplies, is facing a dangerous market squall

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Siemens Energy books $2.4 bln in charges for wind turbine issuesSiemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it 2.2 billion euros ($2.4 billion), well short of worst-case estimates but still casting doubt over the future of the business.
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