The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.

A flood of negative headlines have dominated recently, the fallout from soaring raw-material prices, higher borrowing costs and long-running supply-chain issues. As those ripped through the industry, causing project failures, multi-billion dollar writedowns and disastrous wind farm auctions, it all looked increasingly bleak.