Offshore Wind Slump Means No Firm Orders For GE, Siemens
From SF Gate
Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the ambitions of leaders from Angela Merkel in Germany to Britain’s David Cameron.
One unconditional order was made, for 216 megawatts, 75 percent less than in the same period of 2011 and the worst start for a year since at least 2009, according to preliminary data from MAKE Consulting, a Danish wind-energy adviser. Vestas Wind Systems A/S of Denmark, the largest manufacturer, won the contract while Germany’s Siemens AG was among those shut out.