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HomeVestas

Vestas

Offshore Wind
Earnings

Vestas shares fall after posting earnings loss, revenue decline

May 5, 2024 Stu Turley

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 […]

Energy
Earnings

Siemens Energy, , EU, GE Renewable Energy, Vestas, Nordex

July 10, 2023 Mariel Alumit

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 […]

Wind
Electrical Generation / Utilities

Wind Power Companies Struggle Amid Rapid Industry Growth

June 27, 2023 Mariel Alumit

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
International News

Ørsted to Use Low-Carbon Steel and Recycled PV Panels as Part of Sustainability Efforts

June 9, 2023 Mariel Alumit

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 […]

Vestas
Offshore

Vestas and; Co’s new wind turbine blade recycling solution: How does it work and can it make emission-intensive aviation sector greener?

February 24, 2023 Mariel Alumit

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 […]

Vestas
Climate Crisis

Vestas Wind System Awarded Top ESG Score by Corporate Knights

September 12, 2022 Mariel Alumit

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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