Global wind turbine orders fell by almost a third in the first half of 2012 because of “weakness” in core markets.
That’s according to research by independent wind energy advisors MAKE Consulting, which noted a 30% fall in wind turbine order intake (MW) at the beginning of the year.
The consultants put this down to weakness in core markets in Asia Pacific and Europe, especially China, India, the UK and Germany’s offshore sector. They predicted this could also signal a weaker 2013 for installations.
Regulatory uncertainty, subsidy cuts and grid connectivity issues all contributed to the weakness, countering good growth in new emerging markets, according to the firm’s research paper out this week.