Booming Wind Business Ignores Oil Slump as Market Values Double
- Wind defying predictions that low oil makes it less attractive
- No link between oil and gas price and wind market, BNEF says
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A glut in crude isn’t affecting new demand for wind-energy. Even as falling prices made oil more affordable last year, investors directed a record $329 billion to install new wind- and other clean-energy technologies, said Bloomberg New Energy Finance.
Record installations helped Europe’s three publicly traded wind-turbine makers -- Vestas Wind Systems A/S, Gamesa Corp. and Nordex SE-- to double their market value in 2015.