Siemens Gamesa has been selected as an acquisition target for both Shanghai Electric and Mitsubishi, according to Spanish business publication Expansion. Such a move could see the race to dominate the turbine market tip in Asia’s favor, but regulatory approval is unlikely, even before considering the hefty price tag of Siemens’ most promising business segment. For either of the Asian giants, any move to acquire Siemens Gamesa would aim to capitalize on emerging markets for both onshore and offshore wind power in places like Taiwan, South Korea and Japan. While developers in China have been able to establish dominance in the solar sector by undercutting supply chain costs in Europe, the far higher maintenance costs of wind power has allowed…