Alstom to close two wind power plants in Spain – Power Engineering

See on Scoop.itGreen & Sustainable News

Alstom recently proposed a restructuring plan for its Spanish onshore wind power business that would result in the closure of two plants and the loss of 373 jobs in the country.

Duane Tilden‘s insight:

The restructuring is necessary to adapt to the “profound crisis” in the wind power sector in Spain, according to the company. Citing an economic crisis and absence of a stable regulatory framework slowing down internal demand as well as limited exports to other markets because of local production requirements and global overcapacity, the company said the changes the changes will help its wind power energy business in Spain adapt to “the new market reality” and guarantee its future sustainability.

See on www.power-eng.com

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