30 Jan '12, 9am

Vestas appoints new head for Central Europe

AWEA comments on Vestas' possible cuts in the US Denise Bode, CEO of the American Wind Energy Association, is commenting on Vestas' job cuts and possible US layoffs depending on the extension of the US Production Tax Credit for wind energy. Vestas slashes 2335 jobs – with further cuts possible Vestas is cutting 2335 jobs around the world in an effort to streamline the business and cut costs, and warns an additional 1600 jobs could go in the USA if the production tax credit (PTC) is not extended beyond 2012. Vestas' 2011 revenues hit €6bn Vestas has reported a preliminary revenue estimate of €6 billion for 2011 with an EBIT margin of 0%, due to deferred revenue and earnings, as well as higher-than-expected costs. PV Innovations: Solar manufacturing moves mainstream In our series on solar photovoltaic (PV) innovations, Joyce Laird looks at the latest (and possibly greatest) ...

Full article: http://www.renewableenergyfocus.com/view/23531/vestas-app...

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