Utility Dive•4 months ago
5-year waits and rising costs: How demand is redefining the gas turbine market
- •Gas turbine lead times have stretched to 5 years, indicating severe supply chain constraints and high demand.
- •Project costs for gas turbine installations are rising, impacting the economic viability and financing of new projects.
- •Developers and large power consumers must make early, informed decisions to secure reliable generation capacity amidst market redefinition.
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