We've gone from being a niche industry dependent on subsidy feed-in tariffs to an industry that can compete on more normal market conditions. And that ripples through the chain. Chief Executive Anders Runevad More Quotes by Chief Executive Anders Runevad More Quotes From Chief Executive Anders Runevad This is a more market-oriented approach, there is a different logic now that we get into an auction market. The EnVentus platform, the first new Vestas platform since 2011, will offer customers more flexibility than The EnVentus platform existing 2 megawatt( MW) and 4 MW platforms, Vestas said. The company is also launching new V150-5.6 MW and V162-5.6 MW turbines to run on The EnVentus platform. New EnVentus-based turbines will be built from standardised modules that fit other turbines rather than from parts that only fit one platform. New EnVentus-based turbines will make manufacturing, servicing and upgrading New EnVentus-based turbines simpler, Vestas said. Vestas, whose main rivals are General Electric( GE.N) and Siemens Gamesa( SGREN.MC), last month became the first to install 100 gigawatts of capacity globally. The wind power industry has been grappling with reduced subsidies in recent years and governments seeking more competitive contract tenders, increasing pressure on suppliers, turbine makers and wind farm developers to reduce costs. Chief Executive Anders Runevad environment
