Engie: $774M Loss on US Wind & Energy Price Drop

France’s Engie takes $774 million blow on US onshore wind turbines & energy price dip

On Thursday, France’s Engie announced a 714 million euro ($774 million) impairment charge for last year due to issues with onshore wind turbines in the United States and a decline in long-term energy prices in the country.

Engie’s annual results highlighted operational issues with wind turbines manufactured by Germany’s Nordex.

France’s Engie takes $774 million blow on US onshore wind turbines & energy price dip

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