Macquarie

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Wind turbine OEMs: lower prices fuel structural growth

Wind turbine OEMs: lower prices fuel structural growth
According to Macquarie's latest research, the most important trend in the wind industry in 2017 was the decline in average selling prices (ASP) of wind turbines. The company forecasts ASPs to decline by ten percent YoY, which is likely to put pressure on margins across the value chain. However, this trend does have positive consequences for the company's medium term growth outlook for the industry. Macquarie believes this is currently being overlooked by the market due to the short term focus on margin pressure.
31st January 2018


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