Europe’s wind turbine makers are examining mergers to create champions against Chinese competition. Chinese firms like Goldwind dominate their domestic market and are expanding abroad, installing 120 GW last year — about 70 % of global new capacity. European firms such as Vestas, Nordex, Siemens Gamesa and Enercon hold 94.5 % of the European market but installed only ~20 GW.

Executives such as José Manuel Entrecanales of Acciona argue that scale is essential; new EU merger guidelines stress scale, innovation and resilience. However, further consolidation faces antitrust limits — a Vestas‑Nordex tie‑up may be too concentrated, while a Siemens Gamesa‑Nordex deal could be viable. Analysts note Chinese turbines are 20‑40 % cheaper, and Wood Mackenzie predicts Chinese firms will capture 27 % of non‑China onshore capacity over the next decade.

European makers, still recovering from 2022 losses, have seen shares rise 40 % (Vestas) and 90 % (Nordex). Vestas CEO Henrik Andersen backs the champion idea but warns competition rules may block deals. Experts caution that size alone isn’t competitiveness; innovation and a true single market are needed.