Vestas In Talks With Mitsubishi Heavy Industries Regarding ‘Strategic Cooperation’

Posted by NAW Staff on August 28, 2012 No Comments
Categories : New & Noteworthy

Vestas has confirmed that it is in talks with Mitsubishi Heavy Industries (MHI) regarding a potential strategic cooperation.

MHI has not confirmed or denied the ongoing dialogue. However, in a statement on its website, the company stated that ‘none of those reports on the matter are based upon MHI's own announcement.’

Vestas, on the other hand, says it will make a company announcement if the dialogue results in an agreement between the two companies.

The company has been experiencing ongoing financial troubles due to a global market slowdown resulting from policy uncertainty, including the possible lapse of the production tax credit in the U.S.

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