Wind power fails the price test

RENEWABLE energy producers have long touted the promise of cheap electricity, an assurance that has helped them eat into the dominance of fossil fuels. But the pledge has gone too far, according to the world’s biggest wind-turbine maker.

Wind power fails the price test Wind power fails the price test Wind power fails the price test Wind power fails the price test Wind power fails the price test

Henrik Andersen

Bloomberg reports that manufacturers such as Vestas Wind Systems are recording losses pile up as orders collapse at a time when they should be capitalising on the turmoil in natural-gas markets.