Wind-Turbine Makers Struggle to Profit From Renewable-Energy Boom

The world’s appetite for green energy is greater than ever, but that isn’t translating into big profits for some of the companies behind the boom

.

Top wind-turbine makers are struggling with lower earnings as rising raw- material costs, problems shipping the hulking machines, and uncertainty over the future of U.S. subsidies pressure their businesses. Siemens Gamesa Renewable Energy SA and Vestas Wind Systems A/S, two of the largest global manufacturers, reduced profit forecasts for the remainder of the year. General Electric Co. , another leading turbine manufacturer, reported year-over-year growth in turbine sales but hasn’t turned a profit in that segment this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earth, Wind & Fire Bring 'September' to NYC 'Homecoming' ConcertSoul-funk legends als perform reimagined version of “You Want My Love” with Babyface and Lucky Daye
Read more »

Solar Power Booms in Georgia, Where It Isn’t MandatedThe state has no subsidies or renewable-energy requirements but is experiencing rapid solar-farm growth with the support of Republican utility regulators and rural communities.
Read more »

Taliban sitting on untapped trove of minerals worth $1 trillionThe Taliban now have access to an untouched trillion-dollar trove of minerals in Afghanistan, including some that could power the world's transition to renewable energies
Read more »

38 Gifts for Every Type of HostIncluding sculptural vases, an automated countertop herb garden, and an old-timey popcorn maker.
Read more »

Bitcoin tops $50,000 for first time in three monthsLast week, Tesla Inc Chief Executive Officer Elon Musk said that the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.
Read more »

Henri Upgraded to Hurricane, Heads Toward Long IslandSevere weather prompted a call Saturday night for concertgoers to leave New York City’s Central Park during a show headlined by Bruce Springsteen, Paul Simon and Jennifer Hudson
Read more »