Business · Energy & Commodities · 1 day ago

Chinese Companies Challenge Europe’s Offshore Wind Industry

Chinese Companies Challenge Europe’s Offshore Wind Industry

European companies such as Vestas and Siemens Gamesa dominate the offshore wind industry.

Chinese companies are now challenging that position.

The story focuses on competition in offshore wind, which uses turbines installed at sea to generate electricity.

It raises the possibility that the industry could face changes similar to those experienced by the solar industry.

The available information does not describe specific companies’ plans or the scale of the challenge.

It also does not say what will happen next.

Sources

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