Ming Yang Smart Energy Group, one of China’s biggest wind turbine manufacturers, says industry efforts to boost prices are starting to bear fruit.
Ming Yang Smart Energy Group, a major Chinese wind turbine manufacturer, reports that efforts to boost domestic prices are succeeding, with prices recovering since February and potential for further increases. The industry, previously impacted by a price war, is seeing a shift as manufacturers and clients recognize the negative impact of cutthroat competition. While Chinese manufacturers are increasing exports and developing larger turbines, the race for ever-larger turbines is expected to slow down due to cost and efficiency considerations.
