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Vestas has reported a punishing quarterly operating loss as revenue trickled in slowly and costs weighed, meaning a 10 per cent drop in share price.
Swedish power company Vattenfall is claiming a successful first quarter of 2012 after posting profits of SEK 13.6bn ($2bn), a rise of 92.4 per cent on the same period last year.
Vestas OMX: (VWS ) has signed a wind farm service agreement in Italy for 268 MW. Vestas has signed with ERG Renew S.p.A a. 15-year service contracts for ten wind power plants in Italy, including 126 units of V90-3.0 MW and V90-2.0 MW wind turbines. The plants have enough to meet the residential
Hopes of a Middle Eastern green energy boom saving clean technology companies from the shrinking project pools of Europe are premature, with turbine maker Vestas reporting a low demand for it’s products in the region.
'Big Six' energy giant E.ON has unveiled plans for a 73 turbine 219MW array in the north of England.
Vestas China has received an order for 27 of its V100 turbines from Datang Hubei Renewable Energy, as it seeks to show the potential of distributed wind power.
Danish wind power company Vestas is to axe 2335 jobs as part a radical reorganisation to streamline the firm and cut costs.
Vestas Wind Systems’ CFO has resigned after the company reported a full-year loss of €166m ($220m), four times larger than the $70m loss expected by the market consensus.
The US wind power market is set for a boom-and-bust scenario over the next 24 months, according to a wind power analyst.
Vestas has received an order for a total capacity of 56 MW consisting of 28 V90-2.0 MW wind turbines for the “Castellaneta” wind farm, which will be located in the Apulia region, Italy.
