Siemens, the German industrial conglomerate, says it’s confident it can become one of the world’s top three makers of wind turbines by 2012.
Andreas Nauen, the head of Siemens Wind Power, tells Reuters he’s confident that his business unit has overtaken Indian wind turbine maker Suzlon last year for the number five spot.
In terms of market shares until 2009 Denmark’s Vestas, General Electric, Spain’s Gamesa and Germany’s Enercon and Suzlon held the first top six slots.
Last week Siemens opened a plant that manufactures parts for wind turbine in Denmark. The company is also building a nacelle plant in Kansas.
Over the next two years (2009-2012) Siemens expects to land $21 billion in new orders globally, government stimulus spending will generate the bulk of the new revenues.
Last year Suzlon took a beating over ongoing reports of flawed turbines, mostly operating on U.S. wind farms.
In December Suzlon’s U.S. subsidiary hired Chicago-based investment bank Marathon Capital to improve its profile with the capital markets community. Banks have been unwilling to finance projects backed by Suzlon turbines.
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