Overcapacity Hits Wind Turbine Market
Vestas Wind Systems, U.S. Wind Subsidies
By Institute for Energy Research —— Bio and Archives--January 24, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
The world's largest wind turbine manufacturer is laying off employees due to over capacity in the market from competition from Chinese suppliers and lower demand in European and U.S. markets as unsustainable subsidies decline. Strong headwinds are blowing against the industry as governments have been forced to reduce the overly generous subsidies they have provided to wind producers.
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