Wind Energy Update: OEMs Keen to Secure Partnerships as PTC Fears Accelerate Projects

Wind Energy Update: With the on-going uncertainty over the production tax credit (PTC) extension, many factors are indicating that the American wind manufacturing industry is picking up speed to cope with a rush of orders in 2012.

London (PRWEB) February 12, 2012

In 2011, an additional 31% of wind capacity was installed compared to 2010, totalling a massive 1.6GW, identified by Wind Energy Update.

As reported by Wind Energy Update, this dramatic increase in project commissioning has widely been attributed to the uncertainty surrounding the PTC extension, a topic being hotly debated throughout the industry and government.

The PTC, worth $0.022 per kWh for a projects’ first ten years of operation is a key driver in the continued planning and commissioning of wind installations. It is also widely seen to be responsible for the creation of thousands of jobs throughout the renewable energy sector, and its expiration will undoubtedly have an adverse effect on the future renewable power industries.

However, the fear of a PTC expiration is currently having the reverse effect on manufacturing companies. With the danger of commissioning projects with no tax incentive looming, developers are looking to fast-track projects to commissioning stage, which is having the knock-on effect of pushing manufacturers’ capacity to the limit, as reported by Wind Energy Update.

This increase in competition has resulted in turbine manufacturers seeking the best possible terms of collaboration with a supplier, often in a strategic mid-term partnership.

A key forum that both client and customer have utilised over the last 2 years to secure such partnerships has been Wind Energy Update’s wind turbine manufacturing and supply chain conference, taking place on the 28-29th March 2012, Chicago. Now in its third year of existence, it has long been a key forum for manufacturers and turbine manufacturers collaborate and connect. With the state of the PTC, this year is widely seen to have greater importance. Not only will the leading turbine manufacturers be present, the DoE will also be represented to elaborate on the kind of support that the industry can hope to expect in 2012 and beyond.

For more information visit http://www.windenergyupdate.com/supplychainUSA

Will Broad

Wind Energy Update

will(at)windenergyupdate(dot)com

Tel: +44 (0) 20 7375 7516

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Will Broad
Wind Energy Update
+44 (0)20 7375 7224
Email Information

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Wind Energy Update: Europe’s Leading Offshore Wind Supply Chain Meeting Gathers Senior Global Wind Specialists

Wind Energy Update report there are less than four weeks before key industry figures from The EU Parliament, The Crown Estate, RWE Innogy, GDF Suez, Alstom, RES Offshore, Siemens, Acciona and many more gather in London to address major offshore wind matters such as: policies and regulations, ports and vessels, procurement strategies, investment and finance, risk and insurance.

London, UK (PRWEB) February 11, 2012

The event by wind energy update has been engineered specifically for professionals looking to meet new and competitive offshore wind supply chain partners so to ensure cost efficiency in new projects despite the current economic instability. The latest news from the conference is that the timed agenda has just been issued which contains all the information about the event’s format, timings and speakers.

With offshore wind projects now being developed in deeper waters there is an urgent need to ensure the industry is united and prepared to face the upcoming challenges. That is why the overriding theme of the event is on reducing the cost and coping with high volume workloads - two issues which are presently causing serious threats to the industry and the businesses involved in it. The aim is to provide critical information on how to preserve and grow businesses in 2012 and beyond commented wind energy update.

Wind Energy Update demonstrate their commitment to the sector leading procurement and contract managers from Europe’s main utilities are coming to the supply chain meeting to share their views on how businesses can adapt to the new, farshore environment without compromising the quality of the products and services they offer. With numerous companies entering the market every year it is critical to know what are the clients looking for.

To view the time agenda please go to the following address: http://www.windenergyupdate.com/offshore-supply-chain/timed-agenda.shtml.

Teodora

Teodora Todorova

Wind Energy Update

teodora(at)windenergyupdate(dot)com

tel: +44 (0) 20 7375 7572

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Teodora Todorova
Wind Energy Update
+44 (0)20 7375 7224
Email Information

View the original article here