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Jul 24, 2024 04:01 AM
WORLD

EU Wind Industry Tells Germany Chinese Turbine Deal Poses Security Risk

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(Bloomberg) — Europe’s wind industry has warned the German government that a deal for 16 Chinese offshore wind turbines risks fostering unfair competition for local suppliers and poses a threat to the region’s energy security.

Earlier this month, Luxcara GmbH, the German asset manager, agreed that China-based Ming Yang Smart Energy Group Ltd. would supply the turbines — the biggest model on the market — for its 270-megawatt Waterkant project in the North Sea, due to be installed in 2028.

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