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Governors' Wind Energy Coalition

July 27, 2012

Siemens Sees Wind Turbine Pricing Pressure Continuing, CEO Says

By Stefan Nicola and Alex Webb, Bloomberg  •    •  Posted 2012-07-27 13:25:39

The pricing pressure in the wind turbine industry will continue because of overcapacities, Siemens AG (SIE) Chief Executive Officer Peter Loescher said.“We continue to see capacity adjustments, overcapacity” and therefore continued pricing pressure in the renewables business, Loescher said today during a call with analysts. [ read more … ]

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