The European wind sector is “struggling” in the face of escalating costs

Despite the energy crisis, major industry figures have warned that European wind turbine makers are struggling financially and slashing employment, putting them at risk of losing market share to Chinese rivals. Both the turbine manufacturers General Electric Renewables and Siemens Gamesa recently announced job layoffs, and all European manufacturers were experiencing financial difficulties.

According to Jon Lezamiz Cortázar, global head of public affairs at Siemens, “everything is become considerably more expensive in an already constrained wind sector supply chain.” If things didn’t get better, “the European Green Deal might be implemented with non-European technology.” According to the Global Wind Energy Council, it is likely that this year’s global prediction for the addition of new capacity will be revised downward from roughly 101 gigawatts to 94-95 gigawatts. With 2021 serving as the peak year for offshore wind installation, this translates to virtually no growth since last year. The difficult situation arises as European leaders struggle to increase their domestic renewable energy production in the face of a global energy crisis fueled by Russia’s conflict with Ukraine. By 2030, the EU plans to expand its renewable energy objective from 32% of total power generation to 45%. Ben Backwell, CEO of the Global Wind Energy Council, lamented that businesses were firing workers when the supply chain should be expanding.

Turbine manufacturing costs have increased as a result of inflation and rising prices for necessary commodities like steel and copper. However, because of lengthy lead times and customer-locked-in turbine prices years in advance, it has been challenging for producers to pass on rising costs. Many have now begun increasing prices and renegotiating consumer contracts. Supply chain delays are another issue facing the sector; they were already problematic due to lockdowns during the epidemic and have gotten worse as a result of the conflict in Ukraine. According to observers, this increased the possibility that businesses would have to compensate clients for project delays by paying them so-called “liquidated damages.”

Morten Dyrholm, worldwide head of marketing and public affairs for Vestas Wind, described the current state as “a pretty critical time for the supply chain.” Vestas, Nordex, and Orsted, developers of offshore wind farms, have all seen their stock prices decline since early 2021, when they peaked. Vestas’ second-quarter earnings fell short of analyst estimates, registering an underlying operational loss of €182 million, while Siemens saw its first quarterly loss in almost 12 years. Western businesses run the danger of losing out to Chinese rivals, many of whom are more financially stable and can produce turbines for less money, according to Morningstar analyst Matthew Donen. He declared that “Chinese competition is becoming a greater threat.” Unlike in the past, “they can now compete with the western turbine producers.”

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Chinese manufacturers, according to Backwell, are “moving in” to new markets, but they might potentially expand their presence in Europe. He claimed that whereas western corporations had to deal with “stop-start” policymaking and a sizable local steel industry, they had profited from years of policy predictability at home. The local wind industry needs stronger protection, according to Western manufacturers, and the approval procedure needs to be reformed to make it easier to get clearance for new projects. If there were enough projects to go around, supply chains would be in much better shape, but Dyrholm noted that the approval process can take up to 10 years. In addition to price, other considerations, such as whether turbine parts are recyclable, should be made in wind auctions, according to company executives, which are the process by which governments evaluate proposals for the generation of electricity and sign power purchasing agreements with bidders.

SSE, Vestas, and Siemens Gamesa executives, among others, sent an open letter to the G20 on Tuesday urging them to do more to hasten the global deployment of wind energy. The CEOs cautioned that at the current rate of development, we are only on track to achieve less than two-thirds of the worldwide wind capacity necessary by 2030 for a net zero and Paris-compliant pathway. According to them, raising renewable energy targets, simplifying the approval procedure, and investing in enlarging electrical grids are all necessary for countries to increase their wind power output.

However, as amazing as wind energy is, it won’t be enough at all. It is hard to have faith in it due to its countless drawbacks. Even though wind energy has been around for a long time, it still has many downsides. Although the wind itself is free, the cost of collecting, converting, and storing the energy can be high initially. The installation process and initial setup require paying for wind turbines, inverters, batteries, wiring, etc. Furthermore, it takes up a lot of space, and the way it makes energy is heavily affected by environmental factors.

To that end, we have to shift our focus elsewhere and invest in a new energy source, one that will provide us with an energy-efficient and sustainable future. Thank goodness, such an alternative energy source already exists. It’s a new player that has already overcome all the problems that other renewable energy sources face. It’s a pure energy source that will change the course of human evolution. This amazing new clean energy source is known as Neutrino Energy.

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The idea that neutrinos and other kinds of non-visible radiations could be used to generate energy has been disregarded by scientists for a long time. However, a discovery made in 2015 confirmed that neutrinos do, in fact, have mass. This has convinced some scientists that the generation of energy via neutrinos and other non-visible radiations is a possibility. The renowned Neutrino Energy Group, which is a company focused on harnessing the power of neutrinos and other non-visible radiation, is responsible for the development of the amazing technology known as neutrinovoltaic.

Neutrino Energy ‘s potential is limitless; for instance, neutrinovoltaic cells do not encounter the same hurdles as other renewable energy sources in terms of efficiency and reliability. Continuous neutrino energy production is possible even when the sun isn’t shining and the wind isn’t blowing. This is a huge advantage, since it allows the technology to produce power continuously, 24/7, throughout the whole year. Due to the fact that neutrinos pass through almost all man-made and natural materials with little resistance, neutrinovoltaic devices may be deployed both inside and outdoors, as well as underwater. Neutrinos continue to bombard the Earth independent of climatic circumstances, making neutrinovoltaic technology humanity’s first fully sustainable energy innovation.

And here is another cool fact about neutrino energy: it’s an energy source that doesn’t require energy storage systems. Neutrinovoltaic technology offers the potential to alleviate the burden of renewable energy sources that rely on storage, even on a small scale. Even if neutrino energy satisfies just 10 percent of a renewable power grid’s entire energy demands, it still eliminates the need to store 10 percent of that system’s electricity in batteries. Decentralization is the essence of neutrinovoltaic technology’s attractiveness. Its Cells can be integrated directly into mobile phones, appliances, automobiles, and other energy-consuming equipment, therefore making it unnecessary to store or squander power by transporting it across the city.

However, the energy sector isn’t the only one profiting from neutrinos’ limitless potential; the electro-mobility business also benefits greatly from them. While the bulk of electric vehicle users still get their power from a wall outlet, anything powered by neutrinovoltaic technology receives its power from the environment. No one has been interested in this kind of energy until now since the internal combustion engine was not intended for it, but for an electric automobile, the ambient energy is like a constant fuel pump, an unlimited cosmic ray surge from the sun, light, neutrinos, and other invisible radiation.

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The Car Pi project is a resounding success thanks to the respected Neutrino Energy Group in Berlin, Germany. The company is working hard on developing, constructing, and manufacturing the Car Pi into a one-of-a-kind car that draws its energy simply from the environment—completely independent of the “dishonest” electricity that comes from the combustion of fossil fuels. Making this invention one of the most ambitious tasks ever undertaken by mankind, and it is getting closer to becoming a reality.

This remarkable vehicle generates its own energy by utilizing neutrinos and other non-visible radiations, making it the world’s first automobile that does not require recharging at a standard charging station, instead pulling what it requires to circulate eternally, whether driving or simply sitting motionless. Depending on the situation, just leaving the car outside for an hour can give it up to 100 kilometres of range.

Electric cars are not the only ones that will benefit thanks to neutrinos and other non-visible radiations. After the success of the Car Pi project, the neutrino energy group will move on to the Nautic Pi project as their next step. For the purpose of adapting the technology to electric yachts and boats, more than one thousand engineers will be hired, and more than one billion dollars will be invested. This will make it possible for these vessels to sail the oceans without using even a single drop of fossil fuel, nor will they be required to store energy in batteries.

Neutrino Energy is truly the power of the future, and it is all thanks to the Neutrino Energy Group’s efforts and its impressive neutrinovoltaic technology. Humanity now has a long-awaited and trustworthy solution to the current energy crisis. Due to their hard work, more substantial changes will take place, and hopefully others will follow in their footsteps, and we will live in a better and more environmentally friendly world in the years to come.