Global green energy company Siemens Gamesa reported that it had lost a staggering $967 million during the three-month period from between October to December.
It said the Inflation Reduction Act, the $739 billion climate and tax bill President Biden signed, and other European Union actions would help, but that those measured weren't enough.
Siemens Gamesa stated that it is facing "headwinds" that include slow permitting, electric grid constraints and regulatory uncertainty.
The company concluded that the "sizeable gap between recent installation expectations and targets" is endangering the energy transition.
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