in News Departments > New & Noteworthy
print the content item

Vestas is reportedly in talks with Mitsubishi Heavy Industries (MHI) to develop an 8 MW offshore wind turbine, Bloomberg Businessweek reports.

In August, the companies confirmed that they were pursuing a "strategic cooperation," but they did not reveal details on what the partnership would entail. However, industry analysts speculated that the cooperation would likely involve sharing the costs of developing new technology.

According to the Bloomberg report, which cited Vestas Chief Financial Officer Dag Andresen, the financing Vestas received this week was part of the deal to develop the 8 MW machine.

Both Vestas and MHI have been struggling financially. Vestas has announced thousands of layoffs this year due to market uncertainty, and MHI has been trying to recover the costs incurred from legal disputes with GE.



Trachte Inc._id1770
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

JLG_id1900
WomenofWind_id
UEA_id1896
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886