13 May '18, 11am

Wind OEMs should boost scale and global footprints: BMI

Wind turbine manufacturers are expected to start to focus on increasing scale and expanding their already diversified global footprints over the coming decade in order to boost competitiveness, as Chinese players come back into the market, according to research from global consultancy BMI. Following the introduction of auctions, competition in the onshore and offshore wind power markets will intensify, analysts said, resulting in an overall global effort to increase scale in order to boost cost-competitiveness and profitability. This, coupled with the expectation that Chinese manufacturers will increasingly look abroad to hedge against the risk of a domestic slowdown, will mean OEMs will need to step up their game to be able to stay relevant. “We maintain an upbeat outlook on growth in the global wind power sector, and expect total capacity to expand by 90% between 2017 an...

Full article: http://www.rechargenews.com/wind/1489305/wind-oems-should...

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