IN DEPTH: Wind OEMs ponder the M&A jigsaw puzzle

So it was something of a shock when Nordex, late on a Sunday evening in October, announced that it had sealed a €785m ($881m) deal to buy fellow turbine maker Acciona Windpower (AWP).

With the industry still digesting the impending merger of GE and Alstom’s onshore wind operations, questions have arisen as to whether more consolidation is on the way, mirroring the recent spate of offshore alliances — MHI and Vestas, Gamesa and Areva (to form Adwen), and soon the GE and Alstom offshore operations.

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