Siemens Gamesa CEO not concerned about China – yet

Jochen Eickholt denies the charge of lacking discipline as levied by Vestas. Still, he finds it hard to envision a prosperous future unless the industry solves its cost struggles.

Photo: Siemens AG

Turbine manufacturers are once again walking into a trap, lured by orders they won’t profit from. This message turned out to be a strong concern for Vestas Chief Executive Officer Henrik Andersen when he kicked off last week’s earnings call by calling attention to this market trend.

In his view, the issue also extends to offshore wind. Though he refused to give any names, there are only a few suspects he could have in mind. With Vestas itself most likely not being the target, this leaves GE and Siemens Gamesa as the potential culprits. However, the latter believes this field could be narrowed further.

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