The wind turbine shortage is growing, General Electric has confirmed.
The industrial conglomerate said in its conference call with analysts last Friday that the backlog of wind turbines--i.e. orders that have booked but can't ship--has grown to $12 billion. That's up from $11 billion in the fourth quarter and more than twice the size of the backlog in the first quarter a year ago.
Earlier this month, wind park developers and analysts said that a shortage of wind turbines has forced power providers to push projects into the future and juggle supplier agreements. Some have even speculated … Read more