Wednesday, May 2, 2012

Vestas confirms 7MW wind turbine delay on back of 'disappointing' results

BusinessGreen: Vestas has confirmed it has been approached by potential partners to develop its next-generation 7MW wind turbine, after posting worse-than-expected first quarter earnings today. The Danish turbine manufacturer reported operating losses of EUR245m for January to March compared with losses of EUR69m in the same period last year, and averaged analyst predictions from Thomson Reuters of losses of EUR59.8m. Vestas chief executive and president Ditlev Engel said the results were "disappointing"...

URL: http://www.businessgreen.com/bg/news/2171915/vestas-confirms-7mw-wind-turbine-delay-disappointing-results?WT.rss_f=Home&WT.rss_a=Vestas+confirms+7MW+wind+turbine+delay+on+back+of+%27disappointing%27+results

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