Erection of the first Siemens direct drive test wind turbine near the city of in Denmark in July 2008. Siemens Energy will test two 3.6-megawatt (MW) wind turbines with direct drive (DD) technology for a minimum of two years. The purpose of this project is to assess whether direct drive technology is competitive with geared machines for large turbines. Wind power business is one of the major contributors to the Siemens environmental portfolio. In fiscal 2007, the company generated revenue totaling some EUR17 billion from products and solutions for environmental and climate protection.Errichtung der ersten Test-Windenergieanlage von Siemens mit getriebeloser Antriebstechnik nahe der Stadt Ringkøbing in West-Dänemark im Juli 2008. Siemens Energy wird zwei getriebelose Windenergieanlagen mit einer Leistung von jeweils 3,6 Megawatt (MW) über einen Zeitraum von mindestens zwei Jahren testen. Mit diesem Technologieprojekt will Siemens prüfen, ob und ab welcher Leistungsklasse getriebelose Windenergieanlagen wettbewerbsfähig zu Anlagen sind, die mit einem Getriebe ausgestattet sind. Windenergie ist ein wichtiger Bestandteil des Siemens-Umweltportfolios, mit dem der Konzern im Geschäftsjahr 2007 einen Umsatz von 17 Milliarden EUR erzielte. Photo: Siemens

Recession has tamped down turbine costs: report

The price of wind turbines has fallen by nearly one-fifth in the past year, as the financial crisis bites demand and the supply chain for turbines expands, according to a new report.

30 June 2009 16:44 GMT Updated 26 September 2016 15:03 GMT

By Karl Stromsta

Turbines, which account for 70%-80% of the total cost of installing an onshore wind farm, have seen their cost slip 18% since last year, according to a survey conducted by New Energy Finance.

The price of turbines peaked at €1.3m ($1.8m) per megawatt (MW) in 2008, based on contracts signed for delivery in 2009. But an oversupply in the market means that contracts being signed today for delivery in 2010 are seeing an average price of €1.0/MW.

The

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