LOCATION/TYPE

NEWS HOME


[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]

Archive
RSS

Add NWW headlines to your site (click here)

WHAT TO DO
when your community is targeted

Get weekly updates
RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Stripe

Donate via Paypal

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Vestas to review U.S. operations if PTC expires: CEO 

Credit:  Reuters, www.reuters.com 4 January 2012 ~~

Danish wind turbine maker Vestas will review its manufacturing in the United States in the fourth quarter if the U.S. production tax credit (PTC) is not extended, the group’s chief executive said on Wednesday.

CEO Ditlev Engel also told Reuters that he did not expect to see the same development cost problems with the company’s new 7-megawatt turbine as it has had with the industrialization of its V112-3.0 MW turbine.

“If one looks at the other development in Vestas, then things have gone quite reasonably,” Engel said.

Engel’s remarks followed Vestas’ downgrade of its full-year 2011 guidance on Tuesday due to higher-than-expected costs and delayed revenue.

“In the fourth quarter, we probably must decide what we will do if the PTC is not extended,” Engel said.

(Reporting by Ole Mikkelsen)

Source:  Reuters, www.reuters.com 4 January 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Contributions
   Donate via Stripe
(via Stripe)
Donate via Paypal
(via Paypal)

Share:

e-mail X FB LI M TG TS G Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook Wind Watch on Linked In

Wind Watch on Mastodon Wind Watch on Truth Social

Wind Watch on Gab Wind Watch on Bluesky