Vestas manages the winds of change
The company's financial results and forecasts are positive, but falling energy prices and the global financial crisis may yet take their toll on Vestas
Vestas Wind Systems ended 2008 on a high, receiving large orders for its wind turbines from China. But with banks cutting their target prices for the Danish wind-turbine manufacturer's stock in December, there are fears that the company will not escape the gathering financial storms in 2009. On 31 December, Vestas said it had received two orders for wind turbines, with a total capacity of 100 megawatts (MW), to be delivered to two projects in China – at the customer's request, further details were not disclosed. This followed a 29 December announcement that China Guangdong Nuclear Wind Power had ordered 116 of its 850 kilowatt (kW) V52 turbines, bringing the total capacity of V52 wind turbin
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