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The global economic crisis could impede on the wind energy market according to the Energy Group at Frost & Sullivan. Initially the renewable energy industry and the wind energy sector was largely untouched by the economic slowdown, but as conditions have been felt around the world, it appears that now the industry should prepare for some rough times ahead.
The Energy Group at Frost & Sullivan is pleased to announce that it will be holding an interactive webinar entitled ‘Wind Energy and the Global Crisis – Threats, Opportunities and Strategies’ on 21 January, 2009 at 3:00pm GMT/5:00pm CAT.
During the conference, Frost & Sullivan Analyst Gouri Kumar will summarise the current situation in the wind energy industry, and highlight threats and opportunities faced by equipment manufacturers and project developers. The briefing will also identify strategies adopted by major players, and provide a future outlook for the industry in the midst of the crisis.
"As it takes up to three years to construct a wind farm, smaller regional wind developers may find it difficult or expensive to raise funds for new projects,” Kumar notes. “Also, debt maturity schedules and a lack or high rates of re-financing options can force some companies into selling their assets.”
This will eventually lead to a slowing down of the bullish growth rates seen in the past few years.
"Simultaneously, the crisis has brought a few opportunities to certain players in the sector,” Kumar adds. “Cash-rich utilities may choose not to approach banks or debt markets as they can fund projects off their balance sheets."
To participate, please email Patrick Cairns at patrick.cairns@frost.com with the following information: your full name, company name, title, telephone number, e-mail, address, city and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.