The U.S. wind market is losing the main subsidy that’s fueled its spectacular rise to 100GW. Not everyone is sad to see it go. The wind production tax credit (PTC) is heading out the door, and many in the industry are content to wave goodbye. It might seem like a no-brainer for the U.S. wind […]
Vestas takes aim at cheaper U.S. wind power with new turbine
The launch comes at a crucial juncture for the maturing wind industry which is facing a battle to remain competitive while being weaned off generous state subsidies COPENHAGEN: Vestas on Tuesday launched a wind turbine targeting the U.S. market, aiming to simplify how they are built and cut costs further for the renewable energy source. […]
Vestas receives 249 MW order from EDF Renewables
The order includes supply and commissioning of the turbines as well as a five-year active output management service agreement New Delhi: Danish wind turbine manufacturer, Vestas, on Monday said it has secured an order for 249 megawatt (MW) of V120-2.2 MW turbines from EDF Renewables for the 273-MW Las Majadas wind project in the United […]
Vestas’ shares fall after profit disappoints and CEO departs
Operating profit before special items dropped 66 percent to 43 million euros, less than half of analysts’ average forecast, due to a fall in prices for wind turbines COPENHAGEN: Shares in Vestas’ fell 3 percent on Wednesday as first-quarter profit fell well below forecasts and the wind turbine maker surprisingly announced the departure of its […]
Vestas win largest order in Poland
Vestas has received a 132 MW order from Windfarm Polska III sp zoo, owned by Stadtwerke München for the Jasna wind project Pomorskie Voivodship, in northern Poland. Underlining the strong competitiveness of wind energy, the project was awarded at the Polish wind-solar energy auction held in November last year, which was won exclusively by wind […]
Vestas to Acquire Stake in Wind and Solar Developer Sowitec
Wind turbine companies are increasingly engaging with solar and storage as they diversify into new corners of the power-generation market. Denmark’s Vestas, the world’s leading wind turbine supplier, is moving to acquire a stake in renewables project developer Sowitec — part of a trend of wind manufacturers diversifying to offer multi-technology solutions to customers around […]
BRIEF: Vestas to acquire minority stake in Sowitec
ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE YEARS * TO ACQUIRE MINORITY STAKE IN SOWITEC TO SUPPORT CO-DEVELOPMENT STRATEGY AND IMPROVE HYBRID OFFERING * ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE […]
Vestas chairman expects some countries to reinstate wind power subsidies
Wind power businesses around the world have faced margin pressure as governments phase out subsidies and move towards more competitive contract tenders COPENHAGEN: The chairman of Vestas , one of the world’s biggest wind turbine makers, said he expects some countries to reinstate subsidies for wind power projects as governments are under pressure to build […]
Vestas, Siemens Gamesa, Drop With Slump at GE Wind Unit
Shares of Europe’s major wind turbine makers fell after General Electric Co. in the U.S. said orders and profitability slumped at its unit in that business. Vestas Wind Systems A/S slid as much as 6.5 percent in Copenhagen, the biggest move in almost a year. Siemens Gamesa Renewable Energy SA lost 4.6 percent in Madrid, […]
Vestas, Maersk unit team up to tackle costs of ever bigger wind turbines
The two companies said that initial focus of the partnership would be on developing a new crane to manoeuvre and install turbines that are sometimes taller than skyscrapers COPENHAGEN: Wind turbine maker Vestas and offshore services firm Maersk Supply Service, part of AP Moller-Maersk, are teaming up to tackle the cost of transporting and installing […]