European wind market set for Chinese offensive, says bank

The European wind turbine manufacturing industry has “little meat left on its bones” and is heading for a “critical” 12 months in 2013, according to international financier Rabobank.

In its latest quarterly renewables report, the Dutch bank said that 2012 would be “a defining year in the survival” of major players in the market, such as Vestas and Gamesa.

Rabobank states that Chinese turbine makers will make more of an impact in the European market and even predicts that the market domination of Chinese solar panel manufacturing will be repeated in the wind sector.

“The outlook is likely to deteriorate and see European wind turbine manufacturers be swept aside in the same way as European solar PV manufacturers,” said the bank.

It added: The price differential between a European and Chinese wind turbine is 30-to-40 per cent, which is larger than the quality differential, in our view. We therefore expect Chinese competition to intensify in the market.

“European wind turbine manufacturers are looking at a tough few years to come.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...