Clean Energy in US faces an unexpected surprise. A lack of wind is making the sector sweat, with consequences for investors from yield-hungry pensioners to Goldman Sachs., Financial Times reports.
Electricity generated by US wind farms fell 6 per cent in the first half of the year. The reason was some of the softest air currents in 40 years, cutting power sales from wind farms to utilities.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
“We never anticipated a drop-off in the wind resource as we have witnessed over the past six months, ” David Crane, chief executive of power producer NRG Energy, told analysts last month, FT reports.
Read the full story at Financial Times, by Gregory Meyer in New York
