Vestas Wind Systems, U.S. Wind Subsidies

Overcapacity Hits Wind Turbine Market

By Institute for Energy Research —— Bio and Archives--January 24, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

The world's largest wind turbine manufacturer is laying off employees due to over capacity in the market from competition from Chinese suppliers and lower demand in European and U.S. markets as unsustainable subsidies decline. Strong headwinds are blowing against the industry as governments have been forced to reduce the overly generous subsidies they have provided to wind producers.

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