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this does not translate well to an industry like wind energy where there are multiple moving parts, literally and metaphorically. the solar industry is literal
by eldaisfish 4y ago
this does not translate well to an industry like wind energy where there are multiple moving parts, literally and metaphorically.
the solar industry is literally zero moving parts. Panels and inverters are off-the-shelf commodities that are in a race to the bottom for price. this is further helped by the fact that they are largely interchangeable.
Wind turbines do not function like this and they are complicated, dynamic systems requiring continuous monitoring and regular maintenance.
The reality here is that the wind energy industry is and will continue to see a boom and order books are often full years into the future. Despite the headlines, onshore wind isn't going anywhere because there are many regions around the world where offshore wind does not work well.
Offshore wind is being hyped up by Europe - coincidentally, a region with relatively shallow seas and limited land area. Despite the boom, there are not that many manufacturers of wind turbines precisely because it is a capital intensive industry. This is not good news.