OPINION: Collaboration is a core component

"Let’s not waste time trying to make standardised agreements fit the new networked approach," says JP Mäkinen

The Switch

By Jukka-Pekka Mäkinen

 Monday, March 04 2013

The wind industry was severely tested in many ways last year.

The fast build-up of turbine and component capacity, combined with the global financial crisis, strained companies tremendously. Factory closures, lay-offs and Chapter 11 bankruptcy filings were daily headlines. To survive in such an unpredictable environment, companies needed to revise their strategies.

Vertical integration came into fashion in the boom years of 2005-9, when turbine makers aimed to ensure ample availability of components during periods of high demand. Many manufacturers even bought their suppliers’ companies or acquired technology to make components in-house.

Today, there is a clear reversal of that trend. Turbine companies are…

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