EnergyWatch

Senvion struggling in distressed market

The German wind turbine manufacturer saw its deficit grow as revenue declined in the challenging market.

Photo: Senvion

It is no secret that wind turbine makers around the world are being squeezed by plunging prices and fierce competition. Senvion is no exception.

The German wind turbine manufacturer's revenue fell to EUR 1.89 billion, down from EUR 2.2 billion the previous year. The damage was worse further down the report, as the operating result declined to a loss of EUR 60 million, relative to a deficit of EUR 25.6 million in 2016.

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