Wire · operational-macro
'Europe needs to shed its naivety': Vestas CEO Henrik Andersen on Chinese competition ...
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Fusion42 · 2 October 2026 · Fusion42 review
Vestas CEO Henrik Andersen highlights rising raw material costs and intensified competition from China as major challenges for Europe's wind turbine industry, with offshore profitability delayed until 2027. Despite recent strong financial performance and order growth, supply chain disruptions and increased material prices pose ongoing risks.
This Wire brief sits within Fusion42's coverage of Clean Energy.
◆ ◆ The Wire takeaway
You face rising costs and tighter margins as raw material prices surge and Chinese competition intensifies in wind energy. This pressure opens opportunities if you adjust supply sources and focus on onshore projects while offshore profits remain out of reach.
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1 source · 2 Oct 2026
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