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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965