The head of Siemens Gamesa (SGREN.MC) warned on Wednesday that a decade-long race to bring down the cost of generating wind power could not continue, as it would reduce the financial muscle of turbine producers to continue investing in new technologies. A boom in investments in green energy to address climate change has helped bring down the cost of wind power to a level where it can compete with fossil fuels like coal and natural gas. “What we’ve clearly achieved is that wind power is now cheaper than anything else. But I believe we shouldn’t make it too cheap,” Chief Executive Andreas Nauen told Reuters. In Europe, wind and solar currently are significantly cheaper than coal, natural […]