FROM THE EDITOR

摘要

Is the renewable energy sector finally heading for a downturn after years of unprecedented growth? It would of course be quite wrong to call time on an industry that is by any standard a major force in the global power generation sector and has enjoyed robust expansion year-on-year for perhaps a decade or more. But it would also be unrealistic to expect such growth to continue indefinitely. And it cannot be denied that a number of indicators have emerged in recent weeks which suggest that, for example, the European wind sector is facing a period of demand volatility and oversupply. Vestas - whose latest financial results we cover in a new section beginning on page 72 - says that while at the beginning of 2010, it resolved to retain substantial excess capacity in Europe in expectation of an increased demand in 2010 and 2011, it now believes that in 2011 European market growth will not live up to expectations. As