, Columnist
Rishi Sunak Is Full of the Wrong Kind of Wind
His stance on wind turbines is making his predecessors look prime ministerial. European policy isn’t much better.
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The setting couldn’t be better. In the face of an energy attack from Russia, Europe is trying to move as fast as possible into renewable energy. Climate change is a top policy priority, further boosting the case for green electricity. Wind turbine manufacturers should be enjoying a boom. But they aren’t. At all.
Take Vestas Wind Systems A/S, the world’s largest. In the third quarter, it didn’t get a single new order for offshore turbines. Let me repeat: zero. Nada. Rien. Nichts. Fresh orders came for the less powerful onshore turbines, but those still dropped nearly 50% from a year earlier.