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

Latest articles about Mitsubishi

Vestas Q2 profits fall amid rising costs

Vestas' earnings and net profit were lower in the second quarter of the year as rising tariffs, raw material prices, and transport costs hit the manufacturer's gross margin.

Anders Runevad steps down as Vestas CEO

Anders Runevad will step down as Vestas chief executive officer (CEO) and president on 1 August 2019, to be replaced by Henrik Andersen, who is currently the CEO of coatings supplier Hempel and a Vestas board member.

Vestas net profit down 25% in 'competitive' market

Vestas recorded an increase in revenues for 2018, but its net profit was down year-on-year, reflecting how highly competitive wind power market has become, the Danish manufacturer stated.

Service industry adapts to bigger turbines

UNITED STATES: The face of America's wind farms changed radically 15 years ago as a new generation of multi-megawatt turbines from a smaller pool of manufacturers came online. Keeping these machines in top condition is the main focus of the US's growing O&M sector.

MHI decides against taking JV ownership

DENMARK/JAPAN: Mitsubishi Heavy Industries (MHI) will not take up the option of acquiring a majority stake in their offshore joint venture with Vestas.

Market Status: Middle East and Africa

MIDDLE EAST AND AFRICA: Wind installations in 2015 and prospects for 2016 in countries across the region. Including our unique Feelgood Factor rating based on political support, investor confidence, structural readiness, and pipeline

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