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.
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“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
