Analyst firm lowers global estimates for wind development

Make has lowered its forecast for wind development over the coming years by one percent, largely due to the transition to procurement models and the lack of a Chinese grid connection.

Photo: LM Wind Power

Wind turbine markets in Germany, India and China have been struck by market disruption in the short term, prompting consultancy firm Make to downgrade its expectations for global wind markets over the 2017 - 2018 period in its third quarter report.

"Our expectation is that the changes unfolding in the market due to the transition from one framework scheme to another will create an even more sustainable and long-term growth for both wind and solar energy, but this transition period will create fluctuations on the individual markets."

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