Wind power faces serious cost inflation, project delays as raw materials prices rise, Vestas says

The wind power industry continues to be challenged by the current environment, characterized by supply-chain instability, which is causing significant cost inflation and delays in execution of projects, according to Denmark-headquartered producer Vestas.

The company, which is working to be a world leader in sustainable energy, said that the increased cost of raw materials and wind turbine components had led to protracted negotiations...

Published

Andrea Hotter

January 26, 2022

20:02 GMT

New York