Competition pushes 7 players out of Wind markets say GWEC

Global Wind Energy Council (GWEC) has come out with a first run of its new market intelligence service, showing that the wind turbine industry is consolidating fast. The GWEC report says that 7 smaller suppliers were pushed out of the market during 2018. This is after several years of acquisitions, with GE for the past 3 years trying to buy its way into Europe with deals at Alstom and LM Windpower, Senvion’s continued troubles and Fred Olsen buying industry equipment supplier Wind logistics already this year. The efforts to reach lower pricing in time for various regions shifting towards buying electricity based on a parity basis, and not taking into account feed-in tariffs, subsidies or Renewables Obligations, has pushed all…