Wind Turbine Prices Fell 4% in Second Half of ’11, BNEF Says
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The price for wind turbines fell 4 percent to the lowest since at least 2008 because of competition from Chinese manufacturers and excess capacity to build the machines, Bloomberg New Energy Finance said.
Turbine contracts signed in the second half of 2011 for delivery in 2013 dropped to 910,000 euros ($1.2 million) a megawatt compared with the previous six months, the London-based industry analyst said today in an e-mailed statement. The price was the lowest since the analyst began tracking prices in June 2008 and down from as much as 1.21 million euros a megawatt in 2009.