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Industry News
Consultant: Wind energy recovered late in 2010, 2011 is promising

MAKE Consulting reports that global wind turbine order activity in the second half of 2010 was the highest it's been in two years.

Author:
Posted on: 2/11/2011
Source: CompositesWorld

MAKE Consulting (Chicago, Ill., USA) has published a new report indicating that global wind turbine order activity in the second half of 2010 was the highest it's been in two years. Further, the company believes the wind industry will continue to recover throughout 2011.

The company says that wind turbine order intake (MW) in the second half of 2010 increased by 57 percent compared to the first half of 2010, and 75 percent when compared to the second half of 2009. The continuing recovery in order activity, which began in Q4 2009, provides much needed relief to turbine vendors with dwindling backlogs.

Further, 2010 global order intake (MW) increased 48 percent year-over-year, with 75 percent of that growth originating from the Americas and Asia Pacific. Across all regions, offshore order intake increased by 62 percent over 2009.

Despite the favorable trend, a full recovery to 2008 highs in sector order intake continues to be hindered by low PPA prices in the U.S., as well as uncertainty around economic growth brought on by the European sovereign debt crisis.

The report provides in‐depth analysis of the order intake for the last 12 months, including a global and regional comparison of 2009‐2010 order intakes by order size, wind turbine nameplate rating and onshore vs. offshore sectors. It also includes a market‐focused outlook for order intake in 2011.

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