mitsubishi

RSS feed

News & in-depth analysis of Mitsubishi's wind energy business, contracts and deals

Analysis - Vestas CEO Engel happy to move on a year

DENMARK: In this year's Q1 figures, Vestas announced Q1 revenues of EUR 1.096 billion, a 1% decrease on the same period in 2012. However, for Vestas CEO Ditlev Engel this is far preferable to last year's Q1 announcements of a EUR 162 million loss, a postponement of the development of the V164 8MW offshore turbine and the problems with 376 V90 gearboxes.

Vestas claims turnaround on track with Q1 result

DENMARK: Vestas announced Q1 revenues of EUR 1.096 billion, a 1% decrease on the same period in 2012.

Vestas signs ten-year offshore O&M deal

NETHERLANDS: Vestas has signed a ten-year extension to its five-year service contract for Eneco's Princess Amalia wind farm.

Met masts advance offshore plan

JAPAN: Two meteorological masts are to be erected off the coast of Japan in preparation for the installation of fixed-foundation wind turbines, as part of data-gathering experiments that are viewed as crucial for the spread of offshore windpower around Japan.

Gamesa staff cuts mirror sector woes

UNITED STATES: Gamesa's announcement last month of 165 layoffs at two factories in Pennsylvania represents many of the hopes and fears of the US wind sector. The layoffs, to begin in September, are a direct result of the pending year-end expiration of the production tax credit (PTC) - a lucrative government subsidy that offers $0.022/kWh over the first ten years of wind projects.

Dealing with conflict

LATIN AMERICA: Mexico has more than 1GW of wind capacity online, practically all of it in the northern state of Oaxaca, home too of Latin America's biggest online wind project, the 306MW Oaxaca II, III and IV wind farms developed by Spain's Acciona. Yet, elsewhere in Oaxaca, building of at least 600MW of capacity has been held up for months by local protests.

Latest Jobs