Vestas predicts the collapse of competitors
Persisting record-high prices on a range of raw materials and transportation combined with ongoing localization requirements and demand for cheaper wind turbines will result in insolvencies or mergers among OEMs, says Vestas CEO. We as an industry can't continue like this, he says.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Capital markets days are often a forum for companies to present big visions for the future – perhaps launch a new product, a new economic strategy or something else that can function well as an uplifting conversation topic with shareholders or potential investors.
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