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Ducker Worldwide Predicts Problems For US Wind Power Industry
Troy MI (SPX) Oct 23, 2008 Although the recent renewal of Production and Investment Tax Credits for alternative energy will provide additional incentive for wind power development, prospects for turbine makers, suppliers, developers, and utilities remain uncertain. Based on recent industry research, Ducker Worldwide believes the industry will continue to struggle with several key issues before realizing its significant growth potential.
Critical challenges facing the wind power industry Developers say that they lack statistical research to provide accurate ROI forecasts. Manufacturers say they lack data regarding the market viability of specific technologies, so it is often difficult to justify capital investment to take the wind turbine technology to the next level. Production Capacity - Wind turbine manufacturers and assemblers continue to face long backlogs due to limited production capacity in gearboxes and bearings in particular. While a current shortage in large wind turbine bearings is creating a turbine production bottle neck, diversified bearing manufacturers find it difficult to justify production shifts from more secure, high volume market segments to support increasing (but more volatile) demand for wind turbine bearings, without accurate long-term regional demand forecasts. Chinese supplier improvements - Chinese suppliers are rapidly gaining market share despite their reputation as being second-tier technology providers among key purchasers interviewed by Ducker Worldwide. Although supply relationships with European gearbox and bearing producers currently give most multi-national turbine providers a size (MW) and performance advantage, Ducker Worldwide's ongoing monitoring of global market share developments suggests that multiple North American and European producers are at risk of share loss - and require a deeper understanding of customer needs to defend territory won. Ducker Worldwide believes industry players who can address these issues will benefit tremendously in an industry that has the potential to grow nearly 20 - 25% within the next five years. Related Links Ducker Worldwide Powering The World in the 21st Century at Energy-Daily.com
Profits up at Spain's Gamesa, but shares fall on factory halt
Madrid (AFP) Oct 22, 2008Spanish wind turbine maker Gamesa Wednesday said net profits soared during the first nine months of the year but its share price plunged as it announced a temporary production halt at two factories. |
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