Turbine makers expect another difficult year


LONDON: Some of the world’s largest wind-turbine producers expect another tough year ahead.

Surging commodity prices and supply-chain headwinds are set to last into next year, according to Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy SA. That’s making it harder for a business that’s so key to delivering the world’s climate goals to keep profitable.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall Street eyes muted open as investors weigh earnings; chips, oil stocks fall
Citigroup profit drops on bigger stockpiles for potential loan losses
Goldman Sachs profit beats estimates on investment banking strength
Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances�
Well Chip Group reports malware attack on IT servers
Yinson Holdings appoints Lim Poh Seong as independent non-executive director
Ringgit ends lower amid expectation of smaller US rate cut, sharp fall in oil price
PLB Engineering disposes of 60% stake in PLB Green Solar for RM33mil
Cypark inks MoA to jointly explore and develop energy solutions for German Technology Park
Dolphin International changes name to Oasis Harvest

Others Also Read