As we all try to come to grips with the crisis' impact on wind, the challenge emerging is naming names first. Who is canceling turbine orders from GE and Vestas in the US? Who is freezing or selling their project pipeline because they're too highly leveraged? Who has cancelled capacity expansions to their manufacturing plants?
We're starting to get a trickle from 3rd quarter earnings that things are looking dicey in 09, to say the least. FPL has cut their pipeline by 400 MW, Noble Environmental Power is selling projects, CRC flipped Thanet offshore project to Vattenfall, REpower cut their sales forecasts by 10%, and rumors are bubbling up that contracts are coming under heavy renegotiation as buyers see steel prices dropping daily. It's going to be an interesting ride into 2009. Anyone with more details, willing to name where they see the trouble spots - feel free to reach out.
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