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Producers of wind power at mercy of weather

Published Wed, Sep 2, 2015 · 09:50 PM

San Francisco

POWER producers who invested billions in turbines are finding that making money off the wind can be as unpredictable as the energy source itself.

NextEra Energy Inc, NRG Yield Inc and Duke Energy Corp all said a lack of sufficiently windy days cut into second- quarter sales. And neither power generators nor forecasters seem to know exactly why.

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Producers of wind power at mercy of weather

Energy & Commodities

Maersk says Red Sea disruption will cut capacity by 15-20% in Q2

China’s Sinopec in talks for gas offtake, stake in Canada’s Cedar LNG

Coffee variety is priciest since 1970s in blow to instant brews

Gold dips as US dollar edges higher, investors seek more Fed cues

Saudi Arabia posts budget deficit of US$3.3 billion in first quarter

Saudi Arabia hikes oil selling prices for all grades to Asia

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