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00:00:00
>> Countries around the world are scaling back subsidies for wind power. That's making the battle to build these things even more fierce. Results out this week from the two industrial champions, Vestas of Denmark and German-Spanish team, Siemens Gamesa. Reuters' Stine Jacobsen is in Copenhagen. She says the era of government handouts is coming to a close.
00:00:23
>> Instead they opt for more competitive tenders where bidders with the lowest bids wins. Which is putting an enormous downward pressure on prices of turbines like you see right here behind me.>> Siemens Gamesa the happier firm for now. Strong sales in the US and India seeing its sales jump 12% to over 2.6 billion euros.
00:00:48
Vestas on the other hand, missing targets. But it's not like the factories have gone quiet. In fact, Vestas order books have never been fuller, and both firms see new sales growth ahead.>> The company reported
UNKNOWN]
pretty healthy demands showing that the lower price of wind technology and the expected higher power prices.
00:01:11
Will also ensure that the wind power remains profitable for the future even without subsidies.>> Some had expected wind power growth to stall when subsidies were removed, but there is little sign of that now. World wind power capacity forecast to increase by more than half over the next five years according to an industry body.
00:01:34
There seems little sign the windmills are about to stop turning.
00:01:37
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