Producers of wind power at mercy of weather
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.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Radiant World table shows six lenders with US$870 million exposure