TPI Compositen tulospuhelusta poimittua. TPI ymmärtääkseni valmistaa vähintään kolmanneksen maamyllyjen lavoista Kiinan ulkopuolella globaalisti. Vaikuttaisi, että tuulivoimamarkkinat kokonaisuudessaan olisi piristymässä 2025, vaikka epävarmuustekijöitä riittää.
”Notwithstanding the recent U.S. election results, we are encouraged by the near-term demand we are seeing from our customers and therefore, anticipate continued revenue growth for TPI in the U.S. in 2025. We expect this growth will be supported by blade lines operating at near full capacity throughout 2025, along with the planned reopening of our Iowa blade plant by mid-2025.
While the past nine months have presented challenges, we believe we are strategically positioned with the right customers and blade types to thrive in the U.S. market for years to come. Although it is too early to assess the impact of the outcome of the U.S. election, many analysts believe that if President-elect Trump tries to roll back the current administration’s climate agenda including the IRA in part or in full, U.S. wind and solar sectors will remain resilient due to a strong state level support including significant renewable manufacturing investment in red states, increasing private sector demand for power that will dictate an all-of-the-above approach to capacity deployment, and a relatively strong Republican support in Congress. Turning to Europe. Long-term onshore market growth remains in sight. However, these markets are dealing with many of the same issues as in the U.S., namely inflation, permitting, transmission, supply chain disruptions, and labor availability. Historically, we have serviced the European market from our plants in Türkiye.
However, the hyperinflationary environment that we have experienced in recent years in Türkiye is not expected to subside anytime soon and although we can pass some of the incremental costs to our customers, these incremental costs make us less competitive into the EU as well as less profitable.
Furthermore, while we have competed successfully with Chinese blade manufacturers for years, their recent aggressive push supported by the Chinese government to expand their capacity for Europe has added to the challenging competitive environment for supply into the EU.
Unlike the U.S., which has implemented tariffs and generous tax loss to encourage near-shoring and domestic manufacturing, the EU has not yet taken as aggressive an approach to help level the playing field for component suppliers like TPI. Nordex our largest customer in Türkiye has eight production lines scheduled to expire by the end of 2025.
Additionally, they have two lines in India that expire at the end of 2024. Nordex has informed us that they will not renew the two lines in India. However, we have already replaced those lines with two lines for Vestas.”