How will the financial crisis impact on the wind power industry?
The crisis is having a global impact on the wind power industry. In the EU, Sweden is, unfortunately, being hit particularly hard. This is partly due to the fact that we have not adopted the Euro as our currency. The Swedish Krona has fallen significantly against the Euro, and also against other currencies, including the Danish Krona. For our industry, this means that wind turbines, which are often responsible for 80-85 percent of the cost of a project, have become more expensive to import since they are built in countries with stronger currencies. In addition, countries with feed-in tariffs are less badly affected than Sweden in the short term. Their income is fixed, while the income of Swedish wind power producers has fallen as a result of the drop in electricity prices in recent months. Finally, Sweden is affected by the substantial drop in electricity consumption in the past few months. This means that new construction of wind turbines, for example, has become unnecessary to meet t
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