The wind energy industry in Europe is beginning to be affected by the global economic slowdown. Some companies have begun to cut down their forecasts and production for 2009. This is the first sign of a slowdown in this industry.
The positive side-effect of this situation is that turbine prices will reduce (due to a fall in raw material prices) and the delivery time of components will also reduce. According to Gouri Nambudrpad, Research Analyst at Frost & Sullivan, this situation will create a balance in supply and demand where earlier there was a state of overheated undersupply.
To read the complete article on the Market Watch website click here.
The positive side-effect of this situation is that turbine prices will reduce (due to a fall in raw material prices) and the delivery time of components will also reduce. According to Gouri Nambudrpad, Research Analyst at Frost & Sullivan, this situation will create a balance in supply and demand where earlier there was a state of overheated undersupply.
To read the complete article on the Market Watch website click here.
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