Europe’s wind turbine makers would be better able to compete globally if regulators in Brussels allowed more consolidation, according to the chief executive officer of Vestas Wind Systems A/S.
The wind turbine industry was once dominated by European firms like Vestas that first developed the technology and scaled production to make wind a significant power source in the region and beyond. But growing competition from Chinese firms has eroded their market share.
Vestas Wind Systems A/S CEO Henrik Andersen
Photographer: Betty Laura Zapata/Bloomberg
European manufacturers say the European Union’s regulations deter cross-border consolidation that would allow them to reach the scale needed to compete with their Chinese rivals. For decades, …