TurbinegeddonAll is well in the wind power sector. Nothing to see here...move on folks.
>>>FRANKFURT/LONDON, July 7 (Reuters) - Siemens Energy's ENR1n.DE disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design....It said it could not yet quantify the cost, but anticipated the issues would take at least 1 billion euros ($1.1 billion) to fix. Company sources, speaking on condition of anonymity, have said the final bill could be even higher. The losses also highlight structural issues in a sector that has been in need of reform for years, according to sector advisers, industry executives and analysts. Last year, the four biggest Western wind turbine makers - Vestas VWS.CO, GE GE.N, Siemens Energy's Siemens Gamesa and Nordex NDXG.DE made combined sales of more than 41 billion euros. Combined losses exceeded 5 billion euros.
https://www.nasdaq.com/articles/analysis-siemens-energys-turbine-troubles-rattle-wind-sector