“Blown Off Course”
Germany’s wind power industry could soon face “a major period of austerity”, Franz Hubik writes in Handelsblatt Global Edition. “We have seen a 40 percent fall in the price of wind turbines in the last three years” leading to hundreds of layoffs, a representative of turbine manufacturer Senvion told Handelsblatt. Manufacturers need to reduce costs – not least because there are still too many of them in the market, Hubik says. The curtailing of financial support under the new Renewable Energy Act (EEG) will aggravate the situation, he adds.
Read the article in English here.