Texas wind farms face billion-dollar losses from blackouts in 'illegal wealth transfer'

Project operators crunch numbers on massive payments from cold wave to fulfil obligations from hedging contracts

A sign warns of icy conditions on Interstate Highway 35 on February 18, 2021 in Killeen, Texas
A sign warns of icy conditions on Interstate Highway 35 on February 18, 2021 in Killeen, TexasFoto: Joe Raedle/Getty Images
Published 18 March 2021, 16:03Updated 19 March 2021, 08:59