Spanish wind power is making its move. Acciona has requested the European Union to implement protective measures against Chinese competition, opening the door to mergers to create a European champion. The company seeks to shield a sector it considers strategic in the face of growing Asian pressure.
Technology and scale: the recipe to compete ⚙️
Acciona's proposal involves integrating technical capabilities and scaling up production. Merging European companies would allow sharing R&D in wind turbines, optimizing supply chains, and reducing costs. However, the technological challenge remains immense: Chinese manufacturers already dominate the production of key components such as magnets and rotors.
The European champion dreaming of windmills 🌬️
Acciona wants a European champion to fight the Chinese. In other words, a superhero with blades and a generator. But watch out, if the champion ends up merging with Siemens Gamesa, they might end up being called AccionaGamesa, which sounds more like a video game than heavy industry. Meanwhile, China keeps assembling windmills at lightning speed.