Germany - Siemens to keep lead in offshore wind turbine business

Siemens AG, the biggest supplier of turbines to generate power from offshore wind, plans to keep its lead even as more competitors enter the market, management board member Wolfgang Dehen said.

“We want to protect our share in offshore wind,” Dehen, who heads Siemens’s energy division, said today in an interview in Berlin. Turbine construction is becoming more standardized, which will help to reduce prices, he said.

Investments in ocean-based windmills will rise about 30 percent this year to $3.9 billion, outpacing growth of less than 10 percent onshore, Bloomberg New Energy Finance estimated. Siemens last year sold about 70 percent of the machines installed offshore, the European Wind Energy Association said.

Dehen was in Berlin to present Siemens’s equipment to power electric vehicles ahead of a meeting between German Chancellor Angela Merkel and auto and energy industry leaders on May 3.

For more information please contact Trevor Sievert at ts@windfair.net