Siemens expects increased competition on offshore wind

A competitive offshore wind market could become tougher with even more actors wanting a share, says Siemens' CEO.

Tough competition in offshore wind could intensify as new players enter the market, says Siemens Wind Power according to Danish daily Børsen.

"There are several huge players currently looking to get into the market,  and there is very tough competition in a market which, size-wise, will be on the lower end of the scale in the short and medium term," says Michael Hannibal, global director for offshore wind at Siemens Wind Power, to the newspaper.

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

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

Further reading

Related articles

Latest News

See all jobs