Vestas

Vestas Issues Statement On German Turbine Fire

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A crane stands next to a wind turbine mast under construction in a wind park on October 6, 2010 near Stoessen, Germany. The German government recently set ambitious goals for renewable energy sources in a new energy policy plan that calls for heavy investment in wind, solar and biogas electricity production.

The Danish wind giant is dealing with fallout from a fire on one of its turbine models. A number of operating turbines were paused following the fire, and the company responded to media questions this week with the following statement: Keep reading →

 /  Published April 12, 2012 at 1:10 PM

International Markets: AOL Energy Year In Review

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As technology improves the world grows smaller and as it does energy markets have become more intertwined than ever before.

Its no longer unusual for an American company to invest in Turkey or for a European company to manufacture in Asia. But even as globalization has opened opportunities for investors and entrepreneurs, it has added–at times this year–crippling pressures on sectors of the energy industry. Keep reading →

 /  Published December 21, 2011 at 6:00 AM

Vestas Offshore Wind President: Costs May Kill Industry

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The founding president of the offshore division of the world’s largest wind turbine manufacturer said that if the industry does not drive down costs, then it risks killing itself off in its nascent phase.

“Offshore wind is a higher cost energy because we are where we are in the learning curve,” said Anders Søe-Jensen, president of the offshore division at Vestas. “We are at risk but we all have to commit to bringing down costs otherwise we’re going to kill our industry.” Keep reading →

 /  Published December 13, 2011 at 6:00 AM

UK Gears Up To Kick Start Global Offshore Wind Industry

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Ambitious offshore wind targets in the UK could result in the country becoming the world leader in the technology and help accelerate the global industry through lower costs, a British energy minister said yesterday.

“We have to accept that there are some technologies where we can really influence the global price and there are others where we can’t,” said Charles Hendry, minister of state for the Department of Energy and Climate. “UK offshore is a fantastic example of where the work that we do here will influence the global price. There are other areas, solar for example where the UK market is not significantly large enough to change the price. So we’re focusing our resources and efforts on where we can see the change in the pricing structure.” Keep reading →

 /  Published December 10, 2011 at 10:00 AM

Vestas Navigates Winds Of Change

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Building awareness of wind energy usage for consumers is part of a multi-pronged strategy that will help companies like Danish wind giant Vestas compete even in an increasingly challenging operating environment.

The company is a major sponsor of the WindMade label, an effort that has garnered support from more than a dozen new corporate entities since it launched this summer, and which celebrated its first six months and its new members at a recent event in New York City. Among the new members were Deutsche Bank and global medical technology firm BD. Keep reading →

 /  Published December 9, 2011 at 6:00 AM

High Winds: AOL Energy Year In Review

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Fear for the future amid the plenty of the present characterized the wind industry in 2011.

The US wind power business is only just getting started with 43,461 MW of installed capacity as of the end of September 2011–3.25% of the country’s electricity–and more than 8,400 MW under construction. Keep reading →

 /  Published December 6, 2011 at 6:00 AM

#WindMade Pioneers are announced today! Meet our 15 Pioneers are here: bit.ly/tPXDTe

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#WindMade Pioneers are announced today! Meet our 15 Pioneers are here: bit.ly/tPXDTe WindMade_NGO

 /  Published November 18, 2011 at 10:30 AM

Wind Rush: Turbine Wars

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Indications that fierce competition in the global wind turbine industry is about to intensify came with news from the world’s largest wind turbine manufacturer. Vestas abandoned its forecast of €15 billion in revenues in 2015 and said that job losses and restructuring will follow instead.

The Danish manufacturer’s third quarter results signal the challenges ahead as established players seek traction in emerging markets to compensate for oversupply, market expansion slows and the US and EU face potential double dip recessions, just as Chinese companies entice overseas customers with knock-down prices. Keep reading →

 /  Published November 18, 2011 at 6:00 AM

Wind Rush: Europeans Take The Credit

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European wind companies have played a major role in the development of the US wind energy sector, even as shadows loom over the industry and the global economy.

Vestas, the world’s largest turbine manufacturer, clearly has high hopes for its US business, with a market share of 18.7% and room for growth. In recent years Vestas had invested in two blade factories, a nacelle facility and a tower facility in Colorado. It also has R&D hubs in Texas, Massachusetts and Colorado. Keep reading →

 /  Published November 17, 2011 at 6:00 AM

Wind Rush: Wind, Not Solar, Wins In 1603 Program

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How the renewable energy industry copes with the loss of incentives this year will test its maturity and the success of the stimulus funding.

In many ways, the renewable energy industry is facing a pivotal moment as the 1603 grant program is set to expire this year, the $2.3 billion for the 48C advanced manufacturing tax credit has already been allocated and the Department of Energy has completed its work of handing out more than $36 billion in its loan guarantee program. Keep reading →

 /  Published November 16, 2011 at 11:30 AM
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