Wind Power Loses Force
Global wind turbine orders in the first half of 2017 reached 11.6 GW, a decline from 14.7 GW of orders in the second half of 2016 and 13.4 GW in the first half of 2016, according to market research firm Navigant Research. A couple of factors lead to the decline. India changed from a feed-in tariff structure to a competitive bidding process. Market consolidation is also underway. In the past year, Nordex acquired Acciona and Siemens and Gamesa merged. What is your take on the wind market? Do you see the decline as a sign of the future or a momentary market blip?
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