Vestas losing ground in China

Photo: Henning Bagger

Photo: Henning Bagger

Danish Wind turbine giant Vestas is losing market share in the Chinese wind market, which is currently dominated by local manufacturers such as Goldwind, Guodian United Power, Sinovel and Ming Yang, a Danish press Business.dk reported.

The company’s Chinese market fell in 2012 with installed capacity slipped to 14 gigawatts from 17.63 gigawatts of the year before, writes Windpower Monthly, referring to figures from the Chinese wind energy association (CWEA).

Vestas’ market peaked in 2010 with 18.94 gigawatts installed.

Goldwind had the greatest win in 2012 with an installed capacity of 2.52 gigawatts, while Vestas was looking down at number 11th after installing just 410 megawatts.

Back in 2010, Vestas was the sixth largest supplier to the Chinese market, but since then several squeezed into the front, including Spanish Gamesa, with 490 megawatts delivered, which was the only foreign player in the top 10 in 2012 – as number 9.

Source: Business.dk

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