Related Articles
Cost of materials and logistics rises
Forward article link
Share PDF with colleagues

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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Strong policy push needed to reduce oil and gas demand
14 October 2021
Mismatch between tightening supply and continued demand will result in continued volatility unless action taken on demand side, says IEA report
US to offer up to seven offshore wind leases by 2025
14 October 2021
Government aims to fire up key renewables sector with increased certainty and transparency for potential developers
Lightsource BP solar project to meet steel mill’s power demand
13 October 2021
Solar developer launches largest US onsite solar facility dedicated to a single customer
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video