Betting on Siemens with Offshore Wind

Reuters.com
Jan 25, 2011

A late comer to the wind turbine manufacturing industry, Siemens AG entered the wind business six years ago when it purchased the veteran Danish wind turbine manufacturer Bonus Energy. Europe's largest engineering firm, Siemens is also one of the world's primary suppliers of transmission infrastructure equipment. In 2010, the company's 3 and 3.6 MW wind turbines emerged as the top choice for offshore wind projects. Currently ranked 6th in the world in terms of total wind turbine sales, Siemens is expected to creep up to among the top three wind turbine suppliers by the end of 2012. While other turbines have reported weak sales over the past year, Siemens is showing strong sales in both onshore and offshore wind arenas.

To read more click here...