Top Wind Turbine Maker Plans to Raise Prices
- Supply-chain bottlenecks prompt first-quarter earnings loss
- Vestas is fighting to maintain its market leading position
Photographer: Vincent Mundy/Bloomberg
This article is for subscribers only.
One of the world’s biggest wind turbine makers Vestas Wind Systems A/S will hike its prices as the costs of steel and transportation increase amid a global commodities boom that’s contributing to a rising risk of inflation.
It’s an early sign that the surge in commodities prices and disruptions in supply chains could interrupt a trend of perpetually falling costs for green energy.