in News Departments > FYI
print the content item

Vestas CEO Ditlev Engel says the South Korean market presents opportunities for the company's offshore wind business and that it will work to build partnerships with companies in the region.

"We see a lot of similarities between our two countries," Engel says. "Both countries have clearly acknowledged that wind energy is a reliable and sustainable energy solution for the future.

"In Denmark, the government has set a goal of achieving 50 percent of our electricity consumption from wind energy by 2020, and Korea is leading the way by systematically implementing policies required to spur green growth," he continues. “With the right policy frameworks in place, business will make the investments, take the risks and create the new business opportunities that the green economic transformation promises.”

Vestas already has a history and presence in South Korea. The company has installed more than 200 onshore wind power turbines in the country since 1998, and almost 70% of installed wind power plants in the country are currently using Vestas wind turbines.



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015