UK Turbine Prices on the Rise Due to COVID-19

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According to GlobalData, turbine prices might rise after the corona crisis due to a possible bottleneck

Official Press Release GlobalData:

UK wind turbine prices might increase post-COVID-19, says GlobalData

Wind Industry Profile of
UK wind turbine prices might increase post-COVID-19, says GlobalData

According to the UK Government, nearly 15GW of wind projects, primarily offshore, have been classified as ‘awaiting construction’. These are projects waiting to secure viable financing before construction begins.

The ongoing disruption caused by the COVID-19 outbreak could prove to be a source of concern for potential investors. Furthermore, round-four offshore wind power auctions have been postponed indefinitely, providing bidders time to consider the impacts of the pandemic in their proposals, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “Despite being a thriving industry, the UK suffers from a lack of domestic turbine manufacturers. Several continental Europe Tier 1 wind suppliers have built... ... More: Official Press Release GlobalData

UK, corona, COVID-19, delay, government, construction, turbine, price, costs, investor, disruption, GlobalData, domestic, manufacturer, lockdown, quarantine, bottleneck

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