| Wind Watch is a registered educational charity, founded in 2005. |
Testing times for big six wind industry manufacturers
Credit: Nick Loney, Windpower Monthly Magazine, 01 September 2010, windpowermonthly.com ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
Revenues in the wind industry slumped by almost a quarter in the space of a year, according to earnings figures from six leading firms.
Analysis by Windpower Monthly of the latest results published by turbine suppliers Vestas, Nordex, Gamesa, Suzlon and Siemens, along with gearbox manufacturer Hansen, reveals a collective drop in revenues from EUR8.77 billion between January and June (H1) 2009 to EUR6.59 billion in the same period in 2010 – a decline of 23.9%.
To allow for the differences in fiscal years between companies, this analysis considers the calendar half-year January to June to be H1.
A survey of bottom-line results reveals a similar picture: in H1 2009, Vestas, Nordex, Gamesa, Suzlon and Siemens achieved an overall net profit of EUR348.4 million; in the first six months of this year the same firms reported a collective net loss of EUR124.4 million. Hansen declined to reveal its H1 2010 net profit/loss figure.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=869 ]
