The wind industry has been struggling in recent years as it battles inflation, supply chain issues, delayed projects and competition from Chinese makers. Higher costs saw Vestas narrow its full-year profit margin guidance earlier this week, even as its turbine orders jumped. Leo Wang, Head of China Research at BloombergNEF, speaks to Bloomberg’s Tom Mackenzie on the challenging headwinds.
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News post in August 16, 2024, 12:04 pm.
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