15 Sep '18, 3am

MAKE cuts 5GW off 10-year wind outlook on auction wrinkles

Consultancy MAKE shaved more than 5GW off its 10-year global wind capacity additions forecast as auction-related wrinkles prompted a downgrade to its latest quarterly outlook. MAKE’s third-quarter analysis suggests almost 670GW will be added to the global wind power fleet in the 2018-27 period, a cut on the figure it released in Q2. Drivers behind the revised forecast include the low volume of power contracted in Brazil’s latest tender , prompting a downgrade of almost 7% for the key Latin American wind market. MAKE’s predictions for India were trimmed after concerns over grid infrastructure hindered participation in recent auctions, while the outlooks for Japan and South Korea were also cut. MAKE pointed out that the adjustments are mainly concentrated in the 2018-20 period, and the overall 10-year outlook suggests “relative stability globally”. The consultancy’s 10-year ...

Full article: http://www.rechargenews.com/wind/1582971/make-cuts-5gw-of...

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