NewEnergyNews: GLOBAL WIND INDUSTRY CONSOLIDATING

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    Friday, November 28, 2014

    GLOBAL WIND INDUSTRY CONSOLIDATING

    Concentration on consolidation…the future plans of seven of the world's leading wind developers show a clear trend towards partnerships and diversification.

    Shaun Campbell, 27 November 2014 (Windpower Monthly)

    “The gap between acquiring a likely looking site and commissioning a grid-connected wind farm is a big one, which is why all raw pipeline figures should come with a healthy dose of ifs and buts…[The picture emerging from the figures and] backed up by our examination of seven of the world's leading wind power developers…is one of consolidation, collaboration and diversification. Overwhelmingly, developers are concentrating what they already have in their portfolios, seeking partners to share risks and costs, and exploring emerging market sectors…[except for] China, where growth continues at a breakneck pace…A little under 30GW was added to the global pipeline in the first ten months of this year and China accounted for more than nine-tenths of it…[C]ommon threads emerge from [other developers’] plans for the future…[Economic and political stability] are in short supply in many parts of the world. The developed world has yet to recover from the fallout of the financial crash, while the undeveloped world lacks the infrastructure to facilitate the building of large-scale projects…[As a result, the pipeline] is still a long way short of the 1,500GW the Global Wind Energy Council (GWEC) counts in its moderate scenario for additions up to 2030.” click here for more

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