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Vestas Loses Wind Turbine Market Lead to GE After 12 Years

Feb 11, 2013
Source: 
(Bloomberg)

Vestas Wind Systems A/S lost its leadership of the global wind turbine market to General Electric Co. in 2012 after 12 years with the biggest share, Navigant Consulting Inc.’s BTM Consult unit said.

Siemens AG rose to third from ninth, Enercon GmbH gained to fourth from fifth and Suzlon Energy Ltd. rose to fifth from sixth, BTM said today in an e-mailed statement, citing preliminary data. The final ranking is due late next month, it said. It didn’t provide percentage shares.