Moody’s: Western wind turbine makers to return to profitability in 2024 after transition year

Credit agency Moody’s expects tough conditions for the European wind industry in 2023, but believes the likelihood of public funding in the EU and the US offers hope for 2024 and beyond.

by Orlando Jenkinson
Inflation and higher raw materials prices have hit the wind power supply chain hard in recent years (pic credit: Vestas)
Inflation and higher raw materials prices have hit the wind power supply chain hard in recent years (pic credit: Vestas)

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