Wind Energy Industry Aims to End Billions in Losses with GE and Siemens

The US wind energy industry is optimistic about growth over the next decade, particularly in the nascent offshore wind niche, despite billions of dollars in losses over the past few years due to supply chain disruptions, rising inflation and interest rates, the war in Ukraine, and reduced tax incentives. The Biden administration's Inflation Reduction Act, which includes new tax credits and subsidies toward clean energy investments, is expected to drive investment of nearly $369 billion in clean energy and climate priorities. The US wind energy industry is in good shape, if the short-term economic issues can be overcome.