Dive Summary:
- A recent GlobalData report says that the wind turbine market is suffering from manufacturing overcapacity and uncertainty, which could result in difficulties despite continued growth in global capacity.
- GlobalData's Senior Energy Consultant Jennifer Santos said that the potential for turbine generation seems slim, even for the U.S. and China, who are currently the two dominant turbine producers in the world.
- Falling subsidies is also a concern going forward, which means that manufacturing costs must be kept low.
From the article:
“Although the Production Tax Credit was extended for another year in the US, the lack of a long-term, subsidy-free approach will prevent the U.S. wind power sector from fully taking off in 2013,” she said. “China, on the other hand, is dominated by numerous local manufacturers who all want to take a piece of the pie.” ...