Vestas the No.1 Wind Turbine Manufacturer in the world has been hurt drastically from low cost competition from Asian companies particularly the Chinese Sinovel and Goldwind which have won massive chunks of marketshare.Vestas has seen a slowdown in demand for its Turbines as Western Markets have cooled off.Vestas was forced to dramatically restructure its operations laying off thousands of workers mainly from its domestic Denmark base.The company is now targeting the fastest growing segment of the Wind Power Market- Offshore Wind Energy.Note a number of companies in the Wind Turbine Industry are testing or introducing Offshore Wind Turbines.Siemens,Gamesa,GE are all looking to steal a first mover advantage in this segment.Even shipbuilders like Daewoo,Hyundai,Northrop Gruman are making aggressive moves in the offshore wind market.