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MAKE Consulting has examined global order intake for 1H/2012, and they note that wind turbine order intake (MW) in 1H/2012 fell by 30% year-on-year, principally due to weakness in core markets in Asia Pacific and Europe, in particular China, India, UK and Germany (offshore).

Regulatory uncertainty, subsidy cuts and grid connectivity issues all contributed to the weakness and offset good growth in new emerging markets. The Americas held up well driven by the US where developers endeavor to squeeze in projects before the PTC expires at the end of 2012 and high order activity in several Latin American markets. Weak orders in 1H/2012 support MAKE’s view that 2013 will be a weaker year for installations (-5% vs 2011). However, they expect that order flow could improve in 2013 and beyond and they are tracking over 11GW of wind power capacity already outlined through framework agreements plus an additional 18GW possible through conditional orders, providing scope for a recovery, if conditional orders convert to firm ones.
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