Challenges and Hope in the Wind Power Industry

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.