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Challenges and Hope in the Wind Power Industry
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The wind power industry is facing challenges in the US market, with canceled wind farm projects and a pricing dispute in New York. Danish wind-power company Ørsted is considering cutting dividends or issuing stock to shore up its balance sheet. The European wind industry is also facing a crisis due to rising costs, supply chain issues, and technical challenges. However, there are signs of hope with a recent uptick in orders and a boost in outlook from Vestas Wind Systems A/S. The industry needs governments to take action to address the challenges and prevent it from facing extinction.
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How can governments support the wind power industry and ensure its long-term success?
How can Ørsted mitigate the challenges it is facing in the US market?
What specific actions are the European countries taking to address the crisis in the wind industry?
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