in News Departments > New & Noteworthy
print the content item

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.



Trachte Inc._id1770
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

Acciona_id1907
UEA_id1896
WomenofWind_id
JLG_id1900
AWEA_id1886
bonfiglioli_id1913