Free Trial

UTILITIES: Vestas Wind, Siemens Energy: China Competition

UTILITIES

Reuters reports that a Chinese wind turbine manufacturer has secured an order in Germany for the first time.

  • Prices are reported up to 50% lower than those of European producers.
  • The EU is already investigating Chinese suppliers for unfair subsidies with tariffs a potential outcome. Chinese imports effectively killed European solar panel producers more than a decade ago.
  • We would expect a protectionist response from the EU in the face of this threat to Vestas Wind and Siemens Energy. There is also the global market to consider.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.