Chinese Wind Turbine Makers Face European Market Hurdles

Over the past three years, Western OEMs have retrenched to core markets, aiming to restore profitability after years of margin pressure. Input costs declined in 2024, but turbine prices continued to rise, helping Western OEMs improve their earnings. Still, CAPEX remains a central concern for developers, especially as interest rates stay elevated. In China, manufacturers responded to the phase-out of feed-in tariffs by introducing larger turbine models to keep costs down. This intensified domestic competition and led to falling turbine prices -…