The newly-formed Siemens and Duke Energy Renewables Services (DERS) wind turbine O&M team in North America makes business sense for both companies and likely signals further alliances and consolidation in a strong market.

The announcement was the latest confirmation that competition is intensifying for a piece of a multi-billion dollar business across the US and Canada set for almost 10% compound annual growth over the next five to eight years, according to some estimates.