Wind Turbine Manufacturers Face Challenges From Rapid Growth and Technical Issues
- Siemens Energy, GE, and Vestas are struggling to keep up with strong demand for wind power, leading to financial difficulties.
- Chinese wind companies are dominating the world's largest wind market due to state support.
- However, wind power is still promising overall because governments want to increase renewable energy.
- Asia, especially China, makes up most new wind power, but many areas, like Europe and North America, also contribute.
- Compared to solar, wind power is growing more evenly around the world, giving more chances for international companies to expand.