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