EC smashes wind HV cable 'cartel'

German offshore grid connections have suffered severe delays

German offshore grid connections have suffered severe delays

Many of the world’s biggest producers of high-voltage power cables have been slapped with fines totalling €302m ($416m) for operating a cartel that illegally rigged supplies to the offshore wind market – a plan the European Commission (EC) claimed investment giant Goldman Sachs also shares liability for.

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