Siemens Gamesa is one of the world's leading wind turbine manufacturers, but its onshore unit has ... [+] struggled compared with larger rival Vestas. Yet Siemens Gamesa stands head and shoulders above rivals in one big way: its offshore wind turbine business installs far more turbines each year than competitors. (A joint venture, MHI Vestas Offshore Wind, run by Vestas and Mitsubishi, is considered separate.) Europe and Asia's offshore wind boom is already well underway, while orders for more offshore wind are rapidly piling up off the U.S. East Coast. Unlike in the anxiety-ridden shale sector, however, the future appears bright both for Siemens Gamesa and its rivals.

Source: Forbes August 28, 2020 20:26 UTC