North American Windpower: Vestas In Talks With Mitsubishi Heavy Industries To Develop 8 MW Wind Turbine

by NAW Staff on Tuesday 27 November 2012

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.

Don't miss the latest wind energy news -- register to receive NAW's news headlines.

Latest Top Stories

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?

Wind Industry Still Awaits First Eagle-Take Permit Under BGEPA

The first wind developer to apply for a take permit under the Bald and Golden Eagle Protection Act has withdrawn its application.