“Blown Off Course”
Handelsblatt Global Edition
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 鶹 Act (EEG) will aggravate the situation, he adds.
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