European wind turbine manufacturers are “financially struggling” and cutting jobs, putting them at risk of losing market share to Chinese competitors, despite the energy crisis, major industry players have warned.
Turbine makers General Electric Renewables and Siemens Gamesa both announced job cuts in recent weeks, and European manufacturers were “all financially struggling,” Jon Lezamiz Cortázar, global head of public affairs at Siemens, told the Financial Times.
“Everything is getting much more expensive in an already stretched wind industry supply chain,” he said. If the situation did not improve, “it may happen that the European Green Deal is installed with non-European technology.”
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