China's Wind Turbine Price War and Global Market Impacts
⏱️ 3 minute read ⏱️
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Did you catch Uptime Wind Energy Podcast this week?
Allen Hall and Phil Totaro discuss China’s move to end its domestic wind turbine price war and how Germany’s countermeasures may spark similar moves by other EU countries.
Just what is China doing? In a western country, Phil says setting a national price floor like this would be considered an anti-competitive move or collusion.
Look again, Allen says: isn’t it just a subsidy from the Chinese government?
Whatever you call it, it’s a designed to put China ahead of the rest of the world in the renewables market, long term - meaning for the next 25 to 50 years.
Is it possible that China’s latest renewable energy move could even be good for the whole industry? Get some insight into how US wind players, and manufacturers around the world, may respond in this week’s podcast.
In other news, while turbines keep getting bigger and more complex, operators and technicians are looking for technology to make their jobs easier. And if you’d appreciate some plain talk and practical advice about operational problems, you might want to book a trip down under.
Automate Reliable Bolt Load, Improve Efficiency
TensionPro’s wind-specific tool ranges reduce bolting times and reliably apply accurate bolt load. The hydraulic tooling designed for tower segment bolt connections, gearboxes, blades, yaw bearing, and more collects data faster and more accurately than techs, saving time for everyone and making maintenance a more exact science. Find out more in this week’s podcast or in the most recent edition of PES Wind.
Wind Energy O&M Australia: See You in February!
Wind Energy O&M Australia, held Feb. 11-12 in Victoria, is a two-day educational event with practical presentations, candid discussions, and information you can use the day you return to work.
On tap at Wind Energy O&M Australia:
How do Australian wind farm operating costs compare to the USA and Europe?
Panel Discussion: Spiraling Blade Repair Costs & Preventative Measures
Which of the O&M best practices are really best for your operation?
Gearboxes: Repairs, Refurbishment, and Asset Performance
Tips for work collaboratively with an OEM
We’ll be there! Want to meet up at the show? Contact us.
Wind Farm of the Week
All wind farms are not alike! Our Wind Farm of the Week feature highlights some of the interesting ways wind operations are developed, and how they contribute more than “just” wind power to the communities they serve. Check it out here.
Wind News Moves Fast
That whooshing sound was another week whizzing by. Catch up on the news you may have missed with previous newsletters here. The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech. Links below take you straight to the stories we discuss in this week’s episode.
⚡️ NEWS FLASH 10/21/24:
➡️ New Power-Up episode:
🎤 New Interview:
Interesting Finds From Around the Web
Chinese wind turbine companies sign pact to end race-to-the-bottom price war
Vestas share price suges on news of Chinese rivals' pricing pact
Hellenic Cables lands inter-array deal for US offshore wind project
Feds Require New Study: Environmental Harm of Blade Failure?
Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation
PES Wind Exclusive: Advancing Bolt Tensioning for Larger Turbines
ICYMI: IWTG Consulting Insights: Blades, Bearings, and Big Data
Wind Energy Stock Watch
Vestas (VWDRY) $6.22 USD
GE (GE) $176.66 USD
Siemens Energy AG (SMNEY) $39.50 USD
Goldwind (XJNGF) $.77 USD
Iberdrola (IBE.MC) €13.84 EUR
Nordex (NRDXF) $14.23 USD
Stock prices as of close Tuesday October 22, 2024. Note some stocks use OTC Delayed Price.
Stay informed: Each week we highlight wind energy news and the latest technology with insight from experts from around the world. If you learned something, please forward to a friend. If this newsletter was forwarded to you, subscribe now.
StrikeTape + Lightning Sensors = Peace of Mind
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