Felix Ferlemann, chief executive of Siemens Wind Power, spoke at the the European Wind Energy Association's annual conference, calling on the industry to compete to reduce costs as more governments are pressured to reduce the subsidies many wind companies still rely upon.
"Currently, profitability is not always given," Ferlemann told attendees. "The wind industry struggles with low margins ... This is not a sustainable situation. We are under pressure to reduce costs quickly. And we have made this our highest priority."
Meanwhile, MarketWatch reports that the Global Wind Energy Council sees limited prospects for the wind power sector in both the U.S. and Europe, though some newer markets have opened up to replace them.