30 Jul '12, 8pm

Global wind turbine orders down 30% on last year: Orders for wind turbines in the first six months of 2012 were

The year-on-year decline in wind turbine orders is principally due to weakness in core markets in Asia Pacific and Europe, in particular China, India, UK and Germany (offshore), it says “Regulatory uncertainty, subsidy cuts and grid connectivity issues all contributed to the weakness and offset good growth in new emerging markets.” As a result, MAKE Consulting reiterated its view that 2013 will be a weaker year for installations, forecasting a 5% fall on 2011. The Americas are holding up well, MAKE adds. This is being driven by the US, where project developers are trying to squeeze in projects before the Production Tax Credit expires at the end of 2012., and several Latin American markets. While 2012 is expected to be a poor year for the global wind turbine market, “we expect that order flow could improve in 2013 and beyond,” the consultancy adds. “We are tracking over 11G...

Full article: http://www.renewableenergyfocus.com/view/27278/global-win...

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