Cost of materials and logistics rises
Wind turbine prices rise sharply as costs surge—Wood Mackenzie
Turbine prices are expected to trend higher until end of 2022 as manufacturers face soaring commodity and shipping costs
Wind turbine prices are expected to rise by up to 10pc over the next 12-18 months due to surging commodity prices and shipping costs, according to analysis from consultancy Wood Mackenzie. Turbine makers are raising prices in response to soaring costs for steel, copper, aluminium and fibre, coupled with a fourfold increase in logistics costs. US import duties on turbine components from China have made matters worse, Wood Mackenzie says. But turbine prices are expected to return to “normal” levels by the end of 2022. 30-60pc – Steel price increases in 2021 “The raw material prices, component prices and the turbine prices are increasing; players across the value chain must share the bu
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
