Siemens Gamesa can't say when things will normalize

Neither Siemens Gamesa nor Vestas can see an imminent end to dramatic price increases and squeezed supply of materials and transport.

Photo: Norsk Vind

If it's not one factor eating away at the profit margins of wind turbine manufacturers, it's another.

A few years back when a long series of countries switched from offering fixed prices for wind power over to holding competitive public tenders, the move triggered a price war that lasted years among wind OEMs. When the armistice finally did arrive, a period followed with manufacturers shunning poor contracts. Then the coronavirus hit, leading directly to the current situation with commodity scarcity and galloping freight rates.

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