April 20, 2012. For companies prepared to buy into the future of wind power, Vestas Wind Systems A/S offers the chance to grab the world's largest turbine maker for less than it would be valued at in a fire sale. Vestas traded at a record low of 0.52 times net assets, before speculation emerged that its two biggest Chinese rivals, Sinovel Wind Group Co. and Xinjiang Goldwind Science & Technology Co., are considering a bid. While Vestas lost money on each dollar of sales as turbine prices fell and is now grappling with the loss of wind-project subsidies in the U.S., Spain and India, the Aarhus, Denmark-based company could still lure buyers with its technological expertise and market position, Sydbank A/S said. Sinovel and Goldwind, which get almost all their sales in China, could expand in the U.S. and Europe by acquiring Vestas, while industrial companies in South Korea may want Vestas to gain a foothold in wind energy, Sydbank and Danske Markets said.