EnergyWatch

Vestas chairman predicts consolidation among smaller players

Smaller players in the industry will end up consolidating, while Vestas will buy companies to gain their technology, says the chairman of the Danish turbine supplier.

Photo: /ritzau/RUNE AARESTRUP PEDERSEN

Smaller turbine manufacturers will join forces and consolidate in a market characterized by intense competition, says Bert Nordberg, Vestas Chairman, in an interview with Ritzau Finans.

For Vestas, the focus is on organic growth and the acquisition of technologies, which can support this strategy.

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