Vestas (VWDRY) shares fell Thursday after the company reported a first-quarter adjusted EBIT loss and lower revenue year-on-year. Vestas’s first quarter adjusted EBIT came in at -EUR68 million. Analysts had forecasted an adjusted EBIT profit […]
Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind […]
The wind power giant, Siemens Energy, saw its stock crash 37% following a profit warning due to difficulties within its wind turbine division. These types of problems are not isolated to Siemens. Vestas, the world’s […]
Ørsted and wind turbine manufacturer Vestas announced a partnership to promote sustainable business models. Under the collaboration, Ørsted will procure wind turbine towers made from low-carbon steel and blades made from recycled materials from Vestas […]
Home Offshore wind Vestas & Co’s new wind turbine blade recycling solution: How does it work and can it make emission-intensive aviation sector greener? On 8 February, Vestas and its CETEC partners made headlines as […]
A recent and very long article in The Oregonian titled “How an airborne blade exposed broader problems at PGE’s flagship wind farm” went into considerable detail on the effects of a turbine blade that was spinning and […]
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