It’s official: we’re no longer in the wind energy business. We’re now focusing our efforts on solar and biomass, two renewable energy sources that we believe have greater potential for growth.
This wasn’t an easy decision for us to make. We’ve been in the wind energy business for over a decade, and we’re proud of the progress we’ve made in helping to develop this important renewable energy source.
However, after careful consideration, we came to the conclusion that solar and biomass are better positioned to achieve our long-term goals for growth and profitability.
We’re not alone in this decision. A number of other companies have also recently exited the wind energy business, citing similar reasons.
The wind energy market has been struggling in recent years, due in part to the low cost of natural gas and the slow pace of development of new projects. These factors have made it difficult for wind energy companies to compete.
As a result, we believe that solar and biomass are better positioned to provide the growth and profitability that we’re seeking. We’re confident that this decision will allow us to better serve our customers and shareholders in the years to come.
Other related questions:
Q: Why is Siemens Gamesa share price dropping?
A: There are a few potential reasons for this:
1) The company recently announced it would be selling its majority stake in its Siemens Gamesa Renewable Energy joint venture to Spanish utility Iberdrola. This could be seen as a sign of weakness, and investors may be concerned about the future of the company.
2) The wind energy market has been struggling in recent years, and Siemens Gamesa is a major player in this space. This could be weighing on the stock price.
3) The company is facing some headwinds in its home market of Germany, where the government has been scaling back its support for renewable energy. This could be causing some investors to lose confidence in the company.
Q: Who is the leading company in wind energy?
A: There is no one “leading” company in wind energy, as the industry is composed of many different companies that each have their own strengths and weaknesses. However, some of the more well-known companies in the wind energy industry include Vestas, GE Renewable Energy, and Siemens Gamesa Renewable Energy.
Q: What are some recent advances in wind energy technology?
A: Some recent advances in wind energy technology include the development of more efficient and powerful turbines, the use of lighter materials in construction, and the integration of wind farms into the electrical grid.