‘We’re all in trouble’ – Wind turbine makers selling at a loss
12 hours ago Guest Blogger 94 Comments
From NOT A LOT OF PEOPLE KNOW THAT
APRIL 14, 2022
By Paul Homewood
h/t Joe Public
More evidence that low wind prices at auctions are unsustainable:
Raw material and logistics inflation coupled with downward price pressures from auctions have led to an unsustainable situation where wind OEMs are selling at a loss, with the sector unable to deliver Europe’s planned tripling of wind capacity by 2030, industry leaders have warned.
“The state of the supply chain is ultimately unhealthy right now,” GE Renewable Energy chief executive for onshore wind, Sheri Hickok, told a panel at the WindEurope 2022 conference in Bilbao on Tuesday.
“It is unhealthy because we have an inflationary market that is beyond what anybody anticipated even last year. Steel is going up three times.”
Steel for offshore wind towers is currently being purchased at over $2,000 per tonne, Hickok gave as example, adding that the prices of copper, carbon and logistics had also soared.
https://wattsupwiththat.com/2022/04/14/were-all-in-trouble-wind-turbine-makers-selling-at-a-loss/
