Suppliers close to the breaking point

Price pressure in the wind industry has pushed several subcontractors to say that prices cannot afford to decline further.

Photo: Titan Wind Energy

The spread of wind power may be in the midst of a golden era at the moment, but this does not necessarily mean that the wind industry is a highly profitable business. Bottom lines cannot seem to keep up with top lines across the industry. The price pressure on turbine manufacturers has garnered particular attention recently.

And as is often the case, this price pressure has been pushed downward in the chain of value, as subcontractors are now being squeezed by their customers. Should this trend continue, there might not be much left to squeeze, however, if these subcontractors are to continue making any type of profit, state several suppliers in comments to Danish media Børsen Monday.

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