Vestas acknowledges increased competition in the US

As the US pie gets bigger and bigger, more parties are seeking a slice, says Vestas CEO Anders Runevad, who highlights how the Danish wind company has increased its market share in the past three years.

Photo: Vestas

For years, the top three wind players in the US faced virtually no competition beyond one other. After the US wind turbine market close-to collapsed in 2013, only GE, Siemens, and Vestas were left standing, which allowed for the trio to benefit immensely from the subsequent revitalization of the market holding an aggregate market share of 95 percent.

But things look set to change. Other western wind turbine manufacturers, such as Nordex/Acciona, have announced their ambitions to win a share of the world's second-largest market, which has grown more attractive after the five-year PTC extension along with other political aids. Most recently, China's Goldwind got its foot in the door with a framework deal for 1,87 GW.

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