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
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
