Flender/Flender Gear Units/Helical gear Reduction Box H3
ependent blade maker left outside China and India, after GE acquired LM Wind in 2. By contrast, China is still

home to many independent blade makers who serve turbine manufacturers not wishing to vertically integrate ( Figure . India is

also blade -manufacturing hub. Producing bla des remains labor intensive , giving India cost advantage to export blades to other

markets while supplying products to local projects. Figure 1: Commissioned wind turbine blade -manufacturing plants Source: BloombergNEF Towers Roughly half

the worlds commissioned wind tower manufacturing plants are located in China. Many are owned by state -owned conglomerates , with only smattering of private sector companies involved. There are five new manufacturing facilities unde development in China, one in Spain and none disclosed elsewhere. Spain is distant second with 1 such plants on line ( Figure . Towers are often supplied by local companies , although few companies have global footprints. Am ong them are Spanish - based GRI and Windar Renovables . There are nine tower factories in the .., six of which are owned by American companies. .. firms import some towers, which may be cheaper due to lower -cost steel and labor available elsewhere. Trans portation challenges and low technical barriers to entry to have led to relatively quick build - outs of tower -making plants in markets where demand has spiked. Such facilities also benefit from being located in countries with mature steel -production industr ies. 5% 1%5%4%3%3%3%2%2%7% China India United States Denmark Spain Mexico Brazil Germany Turkey1 Wind Trade And Manufacturing February 2 Bloomberg Finance .. 2 No portion of this document may be reproduced, scanned into an electronic system, distributed, publicly displayed or used as the basis of derivative works without the prior written consent of Bloomberg Finance .. For more information on terms of use, please contact sales.bnef Siemens Flender bloomberg.n