Challenges Escalate For The Wind Energy Industry
Europe and the United States are at risk of missing their wind power installation targets due to rising costs, supply chain delays, and low electricity prices. The offshore wind industry has been particularly affected, with canceled projects and setbacks in auctions. The EU plans to propose a package to revive its wind industry, while developers in the US are seeking looser requirements for tax credits. Both regions need to double their wind power capacity to meet renewable energy goals.
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