Global wind turbine orders down 30%

WORLDWIDE: Wind turbine orders for 1H 2012 have fallen 30% compared to the same period last year, according to research from Make Consulting.

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The decrease was partly caused by market conditions in China and Europe, with the latter affected by the sovereign debt crisis. In China, the market experienced a 60% fall in orders caused by government reform of the sector. Additionally, orders in India also declined.

Instead, growth is moving to developing markets including southern and eastern European countries such as Poland and Turkey.

Additionally, the American market is holding firm as the end of the PTC approaches in the US. Orders are up 13% as developers attempt to develop US projects by the end of the year. An increase in activity in Latin America has also helped.

The offshore market has suffered with just one contract order in 1H. However Make expects this to change in the second half of the year.

Click here to access the survey and vote for the industry leaders of 2012.

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