This article only represents the author's own views.
Wind may be a major clean energy source of the future, but it’s hardly a breeze for investors trying to earn profits by building new wind farms.
Wind power equipment maker Goldwind Science & Technology Co. Ltd. (2208.HK; 002202.SZ) thought it saw a win-win for itself in building new wind farms using its own products, earning both short-term sales and longer-term profits when it eventually sold those farms for big gains. But the reality is looking quite different, at least based on a disclosure last week that appears to show the value of such wind farms has dropped sharply over the last two years.
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