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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."


Orkney Marine Hydrokinetics Test Sites Prepare To Use Hybrid EMECOFS

Gregory B. Poindexter Wave and tidal energy research test facilities that the European Marine Energy Centre (EMEC) operates in Orkney, Scotland, will utilize a hybrid operational forecast system (OFS) to manage its marine hydrokinetics (MHK) ope...

NHA Recognizes Five Companies as Outstanding Stewards of America's Waters

Five companies have been recognized by the National Hydropower Association as recipients of its Outstanding Stewards of America's Water awards program for positive excellence in recreational, historical, environmental or ed...

Karot in Pakistan To Be First Hydropower Project Financed By China’s Silk Road Fund

Elizabeth Ingram The 720-MW Karot hydropower project in Pakistan will be the first project financed by China’s $40 billion Silk Road Fund, according to "The New York Times."

Musk Plots Energy Storage Fix Where Utility Industry Failed

Mark Chediak and Dana Hull, Bloomberg Billionaire Elon Musk thinks he can pave the way to a better energy future by turning the mattress-shaped batteries in Tesla’s electric car into upright pillars so they can be used to power homes, businesses and even utilit...
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 3


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