WORLD WIND’S DOWNS AND UPS
1H/2012 Global Wind Turbine Orders: Weak 1H/12 but potential for recovery from 2013
July 2012 (Make Consulting)
“…[A global order intake for 1H/2012 by] MAKE Consulting…[notes] that wind turbine order intake (MW)…fell by 30% YoY, principally due to weakness in core markets in Asia Pacific and Europe, in particular China, India, UK and Germany (offshore). Regulatory uncertainty, subsidy cuts and grid connectivity issues all contributed to the weakness and offset good growth in new emerging markets.
“The Americas held up well driven by the U.S. where developers…[are squeezing] in projects before the PTC expires at the end of 2012 and high order activity in several Latin American markets.”
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“Weak orders in 1H/2012 support MAKE’s view that 2013 will be a weaker year for installations (-5% vs 2011)…
“…[O]rder flow could improve in 2013 and beyond…[O]ver 11GW of wind power capacity [is] already outlined through framework agreements…[and] an additional 18GW [is] possible through conditional orders, providing scope for a recovery, if conditional orders convert to firm ones…”
posted by Herman K. Trabish @ 5:19 AM
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