Published On: Wed, Sep 2nd, 2015

US clean energy suffers from lack of wind

wind-energy  wind farm

 

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.

“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

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