Wind needs more than the Inflation Reduction Act

Wind turbine maker Vestas is well positioned to capture the winds of Inflation Reduction Actbut permission is still a major barrier.

The Denmark-based company navigated recent trials of supply chain bottlenecks and inflation in the cost of transportation and raw materials such as steel and plastic. U.S. and European policy is seeking to promote renewable energy. Vestas is well placed to take advantage of those offers, but its big hope is a deal to speed up planning licensing.

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