1. Home
  2. Tag "Vestas"

Wind turbine maker Vestas cuts 220 jobs in Denmark and Britain

This follows the Danish company’s October announcement that it would take full ownership of its joint venture with Mitsubishi Heavy Industries in an $838 million deal to accelerate growth in offshore wind COPENHAGEN: Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the […]

EUR 56 Billion EIB Response to COVID-19 Crisis, Climate Action And Stronger Development Focus Welcomed By EU Finance Ministers

Vestas Takes €500M Stake in Copenhagen Infrastructure Partners

World’s largest wind turbine maker gets exposure to more renewable projects; CIP plans a new power-to-X fund. Vestas, the world’s largest maker of wind turbines, has taken a 25 percent stake in the renewable asset manager Copenhagen Infrastructure Partners (CIP). The €500 million ($612 million) deal will include an upfront payment of €180 million, followed […]

KPI Global Infra Signs PPA For Sale of 5.70 MW Solar Power; Stocks Hit 10% Upper Circuit

OPINION: Vestas wind blows holes in BP’s green ambition

The comparison is relevant. Vestas floated in Copenhagen in 1998, just as the Kyoto Protocol was crystallising global concerns about climate change. BP’s corporate greening was a direct response LONDON: Vestas Wind Systems is showing BP what a missed boat looks like. Soaring demand for renewable energy has propelled the Danish wind turbine maker’s market […]

KPI Global Infra Signs PPA For Sale of 5.70 MW Solar Power; Stocks Hit 10% Upper Circuit

Wind power firms call for nations to maintain green momentum amid pandemic

Some governments have set themselves goals of reaching net zero emissions by 2050 or sooner, as pressure to act against climate change grows LONDON: Wind power companies have called on governments to ensure efforts to encourage low-carbon energy are maintained amid the economic fallout from the coronavirus pandemic, according to a statement seen by Reuters. […]

US Pledges Funding to Help Egypt Move to Solar Power

Wind turbine maker Vestas falls to first-quarter operating loss

The Danish firm reported an operating loss before special items of 54 million euros ($58.9 million) versus the 91 million operating profit forecast by analysts COPENHAGEN: The world’s largest wind turbine maker Vestas on Tuesday posted an unexpected first-quarter operating loss despite strong sales and a booming order book. The Danish firm reported an operating […]

US Pledges Funding to Help Egypt Move to Solar Power

Vestas receives 139-MW turbine order for Japanese offshore wind project

Vestas Wind Systems A/S received a 139-MW turbine order from MHI Vestas Offshore Wind A/S for the Akita Noshiro Offshore Wind Project in Japan. MHI Vestas, a joint venture between Vestas and Mitsubishi Heavy Industries Ltd., is responsible for the overall construction of the project. The wind farm is owned by Akita Offshore Wind Corp., […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Wind turbine firms close Spanish factories as coronavirus restrictions tighten

Denmark’s Vestas, the world No.1, has suspended production at its two Spanish plants, a spokesman told Reuters, adding that its service and maintenance business was still working. Vestas has also paused manufacturing and construction in India FRANKFURT: Europe’s largest wind turbine makers on Wednesday said they had shut down more factories in Spain, a major […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Vestas secures 233 MW orders in China, Vietnam, USA & Poland

Vestas has received an order for a project in China that includes the supply of V120-2.2 MW wind turbines as well as a 5-year Active Output Management 4000(AOM 4000) service agreement. The order brings Vestas’ total order intake in China up to more than 600 MW within a period of three months. Deliveries are expected to […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Vestas wins 53 MW order from Pacifico and Green Bear Poland

Vestas has bagged a 53 MW order from Pacifico Group and Green Bear Cooperation Poland, a company of Optima Wind Group, for the wind projects Debowa Laka, Swiecie and 12 W located in Kujawsko voivodship, north-central Poland. Vestas will start the delivery of turbine in the second quarter of 2020, while commissioning is planned for […]

Hexagon’s R-evolution Launches Its Renewable Energy Project Portfolio With a Focus on Digitalising Solar Production

Wind Developer Targets ‘Countercyclical’ Opportunity With Post-PTC Projects

Scout Clean Energy is making hay under the PTC while investing in a longer-term wind project pipeline. The U.S. wind market’s overwhelming focus is on the next few years, when the federal Production Tax Credit remains at or near its full value. Quietly, however, some developers have begun investing beyond the PTC horizon. “We see […]

US Pledges Funding to Help Egypt Move to Solar Power