Vestas Sees US Demand For Wind Turbines Peaking In 2020

Wind turbine maker Vestas sees U.S. demand peaking in 2020 as government incentives, which have spurred investments in the sector, are phased out.

The Danish company is the turbine maker most exposed to the U.S. market, where it competes with General Electric and Siemens Gamesa.

Strong interest from utilities looking to replace retiring coal assets and big companies looking to buy renewable power will ensure U.S. demand does not fall off a cliff, as some analysts have predicted, Vestas’ North American chief said.