Europe quietly works on treatment for Chinese wind turbine makers

Vestas wants to hold onto recent price gains rather than pass on savings. The wind turbine maker wants to bolster earnings as it bids to boost earnings. Vestas is one of the world’s biggest wind turbine makers. It wants to keep on price gains as it bid to bolster its earnings in the coming years.

European Union looking to ban foreign wind turbines on the grounds of cybersecurity concerns. Similar recommendations that saw EU countries bar China's Huawei from 5G networks. EU countries have already banned Huawei from using its equipment in its 5G network. The move echoes similar recommendations made by EU countries in the wake of 5G ban.

China’s wind turbine manufacturers dominated global supply last year, riding the nation's renewables installation boom. Vestas, GE and Vestas have struggled to compete in the US, Europe and China. China's wind turbine makers ride the nation’renrenaline installation boom as a contraction in US and meager growth in Europe dented overseas competitors.