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The European wind power industry is facing a crisis as a result of setbacks and high electricity prices. The German government plans to increase prices to incentivize the construction of new wind farms, aiming to meet net zero targets. Danish wind developer Orsted is encountering challenges despite abandoning some offshore wind projects in the US. Industry experts, including Jefferies analysts and electricity industry group Eurelectric, are emphasizing the need for power prices to rise in order for the wind-energy sector to recover.
A series of setbacks is tipping the wind power industry into a crisis https://t.co/CdhFnh6qE6
A series of setbacks is tipping the wind power industry into a crisis https://t.co/CUx2tRSs0R
A series of setbacks is tipping the wind power industry into a crisis https://t.co/wgPlNgrd4J
Power prices in the EU need to rise in order for the region’s beleaguered wind-energy sector to recover, according to electricity industry group Eurelectric https://t.co/wdM9YCxPkS
Danish wind developer Orsted is facing challenges even after abandoning some of its offshore wind projects in the US, according to Jefferies analysts https://t.co/pDx1A1HUjz
After the total failure of the last offshore wind auction, the Government will this week hike prices to encourage power generators to build new wind farms and put net zero targets back on track https://t.co/Ue52wYgIYR
Germany faces among the highest electricity prices in Europe https://t.co/rWTSSDGZPf https://t.co/bpyCPPOgVo