Siemens Energy wind turbine troubles lead to investor panic, industry scrutiny

Siemens Energy's wind turbine division has deeper-than-expected problems that could cost over a billion euros to fix.
Shares in Siemens Energy and other wind companies fell sharply due to the news.
The wind industry grew rapidly but faces supply chain issues, project delays, financing challenges, and competition.
Wind and solar power reached a record 12% of global power generation in 2020, surpassing nuclear energy.
The problems at Siemens Energy have shaken confidence in the wind industry and led to scrutiny of wind energy overall.