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Global Wind Decline Had Little Effect in Denmark
22 April 2014
The recently published report outlines the performance of the large group of companies in the Danish wind industry in 2013, where the global market for new wind energy installations dropped 26 % compared to the year before. In the report, the Danish Wind Industry Association presents a decline in Danish exports by 6.9 % in 2013. In the same year, the report also shows a fall in the revenue of 1.6 %, which ended on level with previous years at approx. 80 billion DKK.
"In a global perspective, companies in the Danish wind industry got well through 2013. When looking at the general market decline, Danish wind companies actually outperformed several other competitors, and it is noteworthy that the Danish industry almost managed to maintain its revenues, "says Jan Hylleberg, CEO, Danish Wind Industry Association.
Exports saw a greater decline than revenue with a 7 % decrease from 52.3 billion DKK in 2012 to 48.7 billion DKK in 2013. In the Danish wind industry, 61 % of the turnover was exported against 64 % in the year before.
"In addition to the large drop in the international market, the fall in exports of almost 7 % happened due to the extraordinary large number of activities in Denmark last year. In 2013, Danish manufacturers and companies had a larger than normal domestic focus with the commissioning of the Anholt wind farm, which meant that fewer items were exported. Therefore, the decrease is quite understandable," says Jan Hylleberg.
Market uplift in 2014
The Danish wind industry can look forward to more work in 2014, where the global market according to the consulting company MAKE is expected to grow by approx. 40 % to 48,300 MW. Jan Hylleberg assesses that Danish companies have a good basis for taking part in the market growth.
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"Towards the end of 2013, we saw a large number of companies gearing up to match the increased activity in 2014. Therefore, it is also our expectation that we in 2014 will increase our market share and increase exports and revenues in the industry, " says Jan Hylleberg and concludes:
"2013 was not a good year for the global wind industry, but from a Danish perspective we performed satisfactorily and managed better than average. Therefore, the Danish industry is also well prepared for 2014, which we expect to be levelled with the record year of 2012."
Source: Read the entire news item from the Danish Wind Industry Association
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