EnergyWatch

Vestas eyeing major Chinese acquisition

The wind turbine manufacturer has secret plans to put its money to work and conquer the Chinese market from within.

Photo: Vestas, PR

While Vestas' top management insists that the Danish wind turbine manufacturer will primarily grow on its own service, it is secretly probing to gain a solid foothold in the world's largest wind power market by entirely or partly taking over United Power, one of China's largest wind turbine manufacturers.

This is according to several sources with knowledge of Vestas' and United Powers strategic considerations independently of each other.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

HitecVision closes first green transition fund

Nordic pension funds are among the investors in the first private equity fund targeting the green transition launched by Norway's largest private equity firm, which has been focusing on the offshore energy industry for more than 30 years.

Further reading

Related articles

Latest News

See all jobs