Vestas secures new onshore wind project in Vietnam
PRESS RELEASE – Vestas has secured a 50 MW order in Vietnam with local developer Ia Bang Wind Power, owned by the Vietnam-based renewable power producer Gia Lai Electricity. This is Vestas’ second project with...Read more
Vestas wins 252 MW EPC order in Egypt
PRESS RELEASE – The Egyptian New and Renewable Energy Authority (NREA) has placed a 252 MW order with Vestas for the Gulf of Suez 1 wind project in Egypt. The turbine manufacturer will manage the...Read more
Vestas secures largest wind park order in Europe to date
PRESS RELEASE – Vestas has secured its largest stand-alone wind park order in Europe to date: the delivery of 103 4.2 MW turbines for SSE Renewables’ 443 MW Viking wind project on the Shetland Islands...Read moreVestas increases revenue by 67% despite “challenging circumstances”
Vestas has increased its revenue by 67% in the second quarter to a total of EUR 3.5 billion. While the pandemic is creating some difficulties, the turbine manufacturer is confident about the remainder of 2020...Read moreVestas wins largest Vietnamese wind turbine order to date
PRESS RELEASE – Vestas has secured its largest order in Vietnam to date. The manufacturer will supply, transport, install and commission a total of 36 4.2 MW wind turbines for the three wind parks Lien...Read moreLogistical challenges and supply bottlenecks push Vestas into red
Logistical challenges and supply chain bottlenecks have negatively impacted Vestas’ profits but despite the Covid-19 pandemic, global demand for wind energy remained strong in the first quarter of 2020, says Vestas CEO Henrik Andersen. Read moreVestas stops projects and cuts jobs in virus response
Vestas is stopping projects, axing jobs and cutting salaries of executive management by 10% in response to Covid-19. “We’re in a period of high uncertainty and by making a strategic decision on our product portfolio...Read more
DHL axes jobs following Vestas’ logistics deal with DSV Panalpina
DHL Freight has laid off employees in Denmark following Vestas’ exclusive deal with DSV Panalpina to execute and manage all of the manufacturer’s general freight and special project transportation. Danish media report that about 10 of...Read more
DSV Panalpina signs major project logistics deal with Vestas
DSV Panalpina has signed a major logistics agreement with Vestas to execute and manage its general freight and special project transportation. The partnership aims to simplify Vestas’ global transportation set-up and help the company to...Read more
Western turbine manufacturers increase grip on wind market
Consolidation among wind turbine manufacturers is set to intensify. Wood Mackenzie expects the top five global turbine OEM’s will control three-quarters of the market by 2028. Western manufacturers will become even more dominant, although Chinese...Read more