Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine

Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine | Renewable Energy News Article

renewableenergyworld.com 27 Nov '12, 6pm

Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine

Hours earlier Vestas, the world’s largest maker of wind turbines, said it received 900 million euros ($1.2 billion) in financing, driving up its shares by 21 percent yesterday. “The revised loan means Vestas is now in a better position to negotiate with Mitsubishi,” Haakon Levy, an analyst at DNB Markets, said by phone from Oslo. “A joint venture would make sense. Mitsubishi can contribute industrial expertise, a strong balance sheet and access to the Japanese market, and Vestas its technology and experience in the sector.” Germany, Denmark and the U.K. are among nations increasing investment in sea-based wind plants to replace fossil-fuel and nuclear generators as clean energy becomes cheaper. Vestas’s rival Siemens AG has won the bulk of offshore turbine orders. Siemens is testing a 6-megawatt machine as project developers study using bigger windmills to produce more pow...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine [link] Vestas Wind Systems A/S is in talks with Mit...
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Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine: Vestas Wind Systems A… [link]
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Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine [link]
@FuturePowerGen » 27 Nov '12, 6pm
Vestas and Mitsubishi Planning to Build Biggest Offshore Wind Turbine [link]