Government budget cuts will slow growth in the European wind power industry this year, but surging demand from China is helping advance the global push behind green energy, according to the world’s biggest wind turbine maker.
Ditlev Engel, chief executive of Vestas Wind Systems, said austerity measures in European countries were limiting government support for wind projects.
“The green agenda is still moving forward, but it is clear that in Europe it has become more challenging because of fiscal constraints,” he told the Financial Times.
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