Blowin' In the Wind
We All Love Wind Power, Unless You Want to Make Money
Why are turbine manufacturers doing so badly?
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Climate change will have some very unpleasant consequences, unless we cut our dependence on fossil power. Generating electricity from the wind is clean and increasingly cheap. So it's ascent looks assured, whatever ornithologists and President Donald Trump might think.
Why then have shares in Germany's Nordex SE, the sixth-biggest manufacturer of onshore wind turbines, fallen by three-quarters since late 2015? One word: competition.