China is home to a huge amount of onshore wind, and it also produces parts used in wind turbines.
The new coronavirus outbreak could have a big impact on the wind energy industry in China, Wood Mackenzie said Monday.
In a statement Monday, the research and consultancy firm said the virus — officially known as COVID-19 — had "brought much of China's wind turbine component production to a standstill in recent weeks." "Due to an already tight supply of key components such as turbine blades and main bearings before the COVID-19 outbreak, first-quarter production delays have already reduced annual output of those components by about 10%," Xiaoyang Li, a senior consultant at Wood Mackenzie, said in a statement.
"In a best-case scenario, the epidemic is contained and production resumes by the end of March," Li added. "In a bear-case, the epidemic could continue to impact the supply chain well into the middle of the year."
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