Vestas CEO to Step Down
Danish wind turbine maker Vestas on Tuesday said that its chief executive, Anders Runevad, would step down in August as part of its long-term succession planning.Runevad is to be replaced by Henrik Andersen…
Vestas Unveils New Wind Power Platform
Danish wind power company Vestas presented a new platform on Thursday it says will enable customers to produce cheaper energy through turbines tailored for different wind conditions and locations.The move…
Vestas Buys Majority Stake in Swedish Wind Farm
Swedish utility Vattenfall has brought Danish turbine maker Vestas and pension fund PKA onboard as shareholders in what will become one of Sweden's largest onshore wind farms. Vestas said it would become a…
Vestas Taps Car Battery Know-how for Wind Power Storage
The world's largest wind turbine maker Vestas is tapping into experience from the car battery industry to try to address the challenge of using erratic wind and solar energy to meet a growing share of power demand.
Vestas Bets on Geared Turbines in Tough Wind Markets
Geared turbines said to be cheaper than direct drive rivals and the wind power industry is facing severe cost pressures. Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin…
Turbine Maker Vestas Eases Investor Worries
Shares rise as much as 7 pct; analysts had feared worse. Vestas forecast a modest decline in profit margins and steady sales on Wednesday, easing investor worries about the impact of growing competition and…
Vestas Shares Drop as Price Pressure Increases
Danish wind turbine maker Vestas posted weaker than expected earnings on Thursday and warned of growing price pressures, sending its shares down more than 7 percent. Governments from Europe to Latin America…
Vestas Beats Profit Expectations, Maintains Guidance
Profit boosted by U.S. sales and cost control; Shares up 3.7 pct. The world's biggest wind turbine maker Vestas posted better than expected first-quarter operating profit on Friday, citing higher sales and…
Vestas Eyes Opportunities in Energy Storage
Denmark's Vestas is looking at expanding its core wind business into areas such as energy storage in a bid to expand global usage of wind. Energy storage could overcome the current problem where power is…
Vestas Leaps to Top of U.S. Wind Market
Danish wind turbine maker Vestas Wind Systems has leapt to the top of the U.S. wind market, overtaking General Electric in new capacity installed last year, although slower demand growth and doubts over political support could threaten its position.
High Flying Vestas Sees Softer 2017
Vestas says revenue could decline this year; market seen moving into more mature phase. Wind turbine maker Vestas warned on Wednesday that rapid growth in demand in the industry could be coming to an end after…
Vestas Sees US Slowdown in 2017
Q3 EBIT almost doubles, exceeds analyst expectations vastly. The world's biggest wind turbine maker Vestas warned on Tuesday that it expected a slowdown in its key U.S. market next year, overshadowing robust…
Vestas Contracts Point to Strong 2016
Denmark's Vestas beat forecasts with record orders for new wind turbines last year, signalling continued strong demand for renewable energy despite a plunge in fossil fuel prices. Hit by overcapacity and the…
Vestas Wind Books Highest Order Intake Since 2010
Vestas Wind Systems has booked the highest order intake in five years in 2015, and a recent five-year extension to a U.S. tax break looks set to increase demand in a market that accounts for around one third of its business, analysts said.
Vestas Q2 Order Intake is Highest Since 2010
Danish wind turbine maker Vestas Wind Systems has reported its strongest quarter for five years in terms of order intake. The company secured orders totalling 2,467 megawatt during the second quarter. On Tuesday alone…
Turbine Maker Vestas to pay Dividend
Analysts disappointed by 2015 financial targets; shares fall over 6 percent. Danish wind turbine maker Vestas proposed its first dividend payment in 12 years after beating fourth-quarter profit forecasts,…
Wind Turbine Maker Vestas Turns Q1 2014 Profit
Danish wind turbine maker Vestas surprised the market on Friday by returning to profit in the first quarter due to improved margins, higher revenue and lower fixed capacity costs, sending its shares up 7 percent.
Operations Underway at MHI Vestas Offshore Wind
Operations began today at MHI Vestas Offshore Wind A/S, a new company dedicated to offshore wind turbine business jointly established by Mitsubishi Heavy Industries, Ltd. (MHI) and Vestas Wind Systems A/S of Denmark.
