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Wind Executive Worries About Competition From Cheap Solar: ‘It’s Quite Scary From Our Perspective’

Recharge: Solar a "Scary" Competitor to Wind in Growth Markets, Says Nordex CEO Solar is becoming a “scary” competitor for the wind industry, particularly in many of the emerging markets that turbine suppliers are counting on for growth, said Nordex chief executive Lars Bondo Krogsgaard yesterday. “One of the biggest challenges wind energy will have in the future is not coal or gas -- increasingly we have to drive down our costs to match solar PV,” Krogsgaard said at the opening session of WindEurope Summit.
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