Wind industry

Back to The Future? Cargo Giant Cargill Turns to Sails to Cut Carbon

In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90 percent of world trade transported by sea, shipping accounts […]

Vestas Warns Ukraine War Adds to Strain on Wind Industry, Shares Plummet

Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand. Focus on renewables has intensified as the West steps up efforts to wean itself off Russian […]