in News Departments > Products & Technologies
print the content item

Vestas says it has determined that 376 gearboxes delivered to the company between June 2009 and September 2011 for its V90-3.0 MW wind turbines may need additional maintenance, repair or replacement due to malfunctioning bearings.

As a result, Vestas required additional provisions of 40 million euros in the quarter. The company says it will pursue all relevant actions with regard to potential compensation from the suppliers.

Due to the additional provisions made for the V90-3.0 MW gearboxes, warranty provisions for the year are now expected to be around 3% of the expected full-year revenue, against the previous guidance of less than 3% of full-year revenue, the company says.

Vestas also notes that it is continuing the development of its 7 MW offshore wind platform, the V164-7.0 MW turbine. However, in order to align the expected serial production date with Vestas’ current offshore market outlook, the company has reduced the pace of development. The prototype is now expected to be installed in Denmark in 2014.

Vestas has received inquiries from potential partners on the further development of the V164-7.0 MW turbine, the company adds.

Vestas reported the news in a statement on its latest financial results.



Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015