North American Windpower: Vestas In Talks With Mitsubishi Heavy Industries Regarding 'Strategic Cooperation'

by NAW Staff on Tuesday 28 August 2012

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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