Consolidation

Danish wind turbine maker Vestas, the global market leader, could be subject to a takeover bids from Xinjiang Goldwind Science & Technology Co and Sinovel Wind Group. A report in the Danish daily Jyllands-Posten, citing unidentified Danish corporate financiers, said the two leading Chinese wind energy firms have been in talks with bankers about a possible bid on the much larger competitor. None of the companies have so far been prepared to comment on the story.