I met with some EWEA guys this week, and they seem confident that Europe will install around 10GW of wind this year, like last. China is likely to keep on booming in its own way, so the onshore problems are really coming from the US, where the market is set to crash this year. I expected it to crash last year, but there has been a lag - this year's missing wind farms are those that did not get financed at the beginning of last year, at the height of the financial crisis. The stimulus should help year's numbers, but heavy industry supply chains have a lot of trouble coping with markets going -50% one year and +100% the next.

Wind power