If you've looked at Suzlon's recent 75% dip in share price, and seen the newsflow of quality issues and struggles to put together a finance package for acquiring REpower, it's pretty clear they're in for a rough quarter.
As turbine prices dip based on lowering commodity prices, and demand softens in key markets like the US, major customers report efforts to renegotiate order terms. No one's naming names yet, but you can expect a rapid shift come February from the current seller's market back toward the buyer side, at least in North America. It may be that orders are merely tweaked downward in price and delivery times stretched out with no further news surfacing. At the same time, a loosening up of the turbine market may be just what wind energy markets need right now to get over the hump of a frozen project finance market.
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