Just one unconditional order was made for offshore wind turbines in H1, three less than the same...

|By:, SA News Editor

Just one unconditional order was made for offshore wind turbines in H1, three less than the same period in 2011. The financial crisis has curbed lending, while delays in connecting existing farms to the grid have prompted utilities to hold off on new projects. Those losing out include Siemens (SI), which has suffered writedowns on offshore projects, and GE.