Vestas to grow its market share in Germany
New wind turbine installations in Q3 this year hit a five-year low in the manufacturer's second-most important market. Nonetheless, Vestas' CEO is confident about growing market share – and so far figures are supporting his forecast.
The expansion of onshore wind energy in Europe's largest market has practically come to a standstill. This was indicated by, among other things, Vestas' most recent third quarter report, which revealed a capacity of only 44 MW was delivered to Germany from July to October. That is the lowest volume seen in more than 27 quarters and less than one-tenth of what the Danish company installed late last year.
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