Wind turbine maker Siemens Gamesa sees turnaround, eyes 2020 market leadership

German-Spanish wind turbine maker Siemens Gamesa is optimistic that it has overcome the troubles following its merger last year, report Kathrin Witsch and Sandra Louven in Handelsblatt. Company CEO Markus Tacke told the business daily that the price erosion in the sector appeared to have come to an end, adding that he was confident his company can overtake Danish rival Vestas to become the global market leader in 2020. He said that orders had been very strong in the past three quarters. German industry conglomerate Siemens merged its wind power business with Spain’s Gamesa in 2017, and now holds 59 percent in the joint venture.

Read the interview in German here.

Find plenty of background in the factsheets Germany’s Siemens: a case study in Energiewende industry upheaval and German offshore wind power.