Global Wind…

 
 

Global Wind Turbine Orders Drop By A Third

 
Global order intake for wind turbines fell by 30 percent in the first half of 2012 from a year earlier as core European and Asia-Pacific markets weakened but recovery could begin in 2013, MAKE Consulting said.
Wind turbine manufacturers have struggled in the global economic crisis which has hit investment in energy projects around the globe as budget-cutting governments have curbed subsidies for renewable power and financing has dried up.
Weak orders in the first half of 2012 point to a weaker 2013 in terms of turbine installations, which are seen falling by about 5 percent from the 2011 level, MAKE Consulting, a wind energy specialist, said in a summary of a research report.
“However, we expect that order flow could improve in 2013 and beyond,” Copenhagen-based MAKE Consulting said.
The consultancy said it was tracking over 11 gigawatts (GW) of wind power capacity already outlined in framework agreements plus an additional 18 GW of possible capacity through conditional orders, providing scope for a recovery.

Read more: http://www.reuters.com/article/2012/07/26/windturbines-market-idUSL6E8IQH8R20120726

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