Wind-Power Producers Find Profits as Elusive as a Summer Breeze
- Western wind production below five-year average, U.S. says
- NextEra earnings took a hit while NRG Yield cut its forecast
A wind turbine stands in a field of agricultural crops in this aerial photograph of farm land near Hamburg, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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.