Siemens Turns Sights On Latin America For Wind Turbines

MEXICO CITY (Dow Jones)--Siemens AG (SI) is moving into the Latin American market for wind-energy turbines - beginning in Mexico - as it seeks a place among the world's top suppliers for wind-driven renewable energy.

"We have a defined target of becoming one of the top-three wind turbine producers," said Jan Kjaersgaard, vice president and general manager for Siemens Wind Power Americas, part of U.S. subsidiary Siemens Energy Inc.

"It's important to be in the markets where we see growth," he said in a telephone interview.

Latin America has little installed wind-energy capacity even as global growth in the sector ...