While the US wind energy installation outlook looks bright – more than 23GW in new capacity forecast over the next two years – looming unforeseen supply chain bottlenecks could lead to project cancellations and postponements, putting as much as $2.1 billion of revenue at risk, a new study by Wood Mackenzie Power and Renewables found.
Although the large players in the wind industry are preparing for rapid growth in 2019-2020, many have not anticipated the magnitude of these supply chain constraints and the losses they can cause. Unavoidable project cancellations and postponements will be difficult to absorb and can lead to knock-on declines in activity for a wide range of smaller players, as well as the local economies and work forces they support.
Complete the form to download the free executive summary of the study, which was comissioned by the Energy Logistics Group– an organization made up of participants from sixteen key companies across the wind energy supply chain, including major OEMs, transport and logistics companies, and wind energy developers and installers.