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Wind Turbine Prices Remain Low

New Figures from Bloomberg New Energy Finance (BNEF) show that wind turbine prices are still low compared to when they peaked in 2008.

BNEF puts together a Wind Turbine Price Index twice a year that tracks the price for wind equipment globally. According to the company's figures, wind turbine prices are down 15% over the last two years. Suppliers were getting about €1.22 million per MW in 2008. Today, average prices are €$1.04 million per MW. Some suppliers with too much capacity are selling turbines for under €1 million per MW.

The lower demand for wind is making it difficult for suppliers to unload all their turbines. European growth will fall flat this year and the U.S. market could see a 40% decline in installations. The American Wind Energy Association reported last month that wind installations in Q2 of 2010 were down 70% from Q2 2009.

The emergence of Chinese players such as Sinoval and Goldwind is also putting more pressure on the historic leaders like Vestas, Siemens and GE. While the current environment is squeezing some suppliers, many industry analysts believe it will be a good thing for the industry, as it will force manufacturers to drive down costs through innovation and product differentiation.

For an in-depth look at the factors behind this difficult period for wind, listen to our podcast, "Why the Wind Market is Hurting."

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Global Geothermal Alliance Concept One Step Further

Leslie Blodgett, Geothermal Energy Association The International Renewable Energy Agency (IRENA) convened roughly 60 stakeholders in June in Nairobi to finalize the concept of the Global Geothermal Alliance (GGA) and exchange views on the best way forward. GEA's Executi...

Testing Heats Up at Sandia's Solar Tower

Rebecca Brock, Sandia National Lab Researchers at Sandia National Laboratories are working to lower the cost of solar energy systems and improve efficiencies in a big way, thanks to a system of small particles. This month, engineers lifted Sandia’s continuou...

US Commercial Solar Sector Wheeling and Dealing: REC Solar Gets “Stellar” Energy Assets

Jennifer Runyon, Chief Editor Coming on the heels of yesterdays announcement that more than 60 percent of corporate investors plan to put capital into the solar industry in one way or another, an announcement today shows the increasing vibrancy of the C...

C&I Solar Sector Could See Huge Growth in Next Few Years

Andrew Burger, Contributor Investments in commercial and industrial (C&I) solar energy projects (50kW-2MW) by U.S. corporations are poised to soar, according to a new market research report commissioned by Santa Barbara-based Wiser Capital. More ...
I am a reporter with, a blog published by the Center for American Progress. I am former editor and producer for, where I contributed stories and hosted the Inside Renewable Energy Podcast. Keep in to...


Volume 18, Issue 4


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