“Energy bills must rise to pay for net zero, says Siemens Energy boss

Interview: Joe Kaeser says ‘a lot of big mouths but little action’ pushing ‘wind turbine makers into the red

The German boss of Britain’s biggest wind turbine maker has warned energy bills will have to keep rising to pay for the green transition as he attacked “fairytale” thinking about net zero.

Joe Kaeser, chairman of Siemens Energy, suggested higher energy bills were inevitable as turbine makers grapple with huge losses, forcing them to pass on costs to their customers.”

Energy bills must rise to pay for net zero, says Siemens Energy boss