Pressure from declining prices at auctions will lead to both further consolidation across the wind power industry value chain and more product innovation, Andreas von Bobart, general manager of GE Wind in Germany, said during the Husum Wind 2017 fair.
“We assume that there will be more price pressure, and that it will lead to a further consolidation. But we can’t predict when and who will be affected,” said von Bobart, who represented wind turbine OEMs at a press briefing here.
