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Wind Industry Warns EU to Take Urgent Action as China Rises

  • Executives say supply chain is in ‘very challenging situation’
  • Construction must speed up to meet EU climate goals: CEOs
Wind turbines in a field in the Seine-Maritime department of Normandy, France.

Wind turbines in a field in the Seine-Maritime department of Normandy, France.

Photographer: Nathan Laine/Bloomberg

Chief executives from some of the world’s biggest wind-turbine companies warned European Commission President Ursula von der Leyen that they will lose more business to Chinese rivals unless governments speed up their approvals of new projects.

Despite growing demand for renewable power, European wind-turbine manufacturers have taken a massive hit to profits amid surging commodities prices and supply-chain disruptions that have delayed projects and added costs. In a letter to von der Leyen, the executives said the EU must take urgent action to speed up wind-farm development to protect jobs and deliver on the goals of the bloc’s Green Deal, according to a copy seen by Bloomberg News.