Nordex boss says US to slow despite PTC

The wind market will be more or less stable this year in Europe and Asia, but will decline sharply in the US despite the reprieve for the production tax credit (PTC), says Jürgen Zeschky, chief executive at German turbine manufacturer Nordex.

After a bumper amount of new wind capacity was added in the US in 2012, new installations will slip to between 3GW and 5GW this year despite the last-minute extension of the PTC incentive, Zeschky predicts. US industry body AWEA last week said the country installed 13.1GW in 2012.

Zeschky adds that the company sees growth in the Americas outside the US, not only in Uruguay – where Nordex has just announced several orders – but also in other countries which he did not specify.

Within the European market,…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login