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Renewable energy firms warn of difficult conditions amid slow winds
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Two of the world’s biggest wind energy companies have warned of difficult conditions as slower-than-usual winds and supply chain difficulties delay manufacturing.
Ørsted, a Danish company, said lower-than-normal wind speeds throughout the third quarter had affected its earnings. Across the first nine months of 2021 slow winds cost the company 2.5bn Danish kroner (£290m) compared with the previous year. Ørsted makes about two-thirds of its revenues from offshore wind including off the UK’s coasts.
Vestas, the world’s largest wind turbine manufacturer, on Wednesday cut its profit guidance for the second time this year, citing supply chain instability and cost inflation that was hitting the wind power industry.
It came as political and business
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