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.

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