Despite PTC extension, turbulence still prevalent in U.S. wind market
"We are reacting to the weakened demand from the U.S. market, brought on by the unpredictable extensions of the PTC, and the resulting low utilization rate of our U.S. assembly plant," said Dr. Jürgen Zeschky, CEO of Nordex SE, in a statement. Without Canadian or South American orders back-stopping production, there was no business case for Nordex to keep its U.S. facility going.