Vestas chairman: "Idiotic" auction prices could be a thing of the past

Several low bids over recent years were placed by "desperate players" which will not be making money on the orders, according to Bert Nordberg.

BY RITZAU FINANS

The wind turbine market has seen excessive risks be taken in some auctions, as players have bid record-low prices for wind power, says Vestas Chairman Bert Nordberg.

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Vestas chairman: "Idiotic" auction prices could be a thing of the past

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Front page now

Opedal: "Now offshore wind is perhaps the closest you can get to baseload from renewable energy"

Employee convicted of defrauding Ørsted of over DKK 1m

The crisis in the Danish wind industry: "A crappy year"

Vattenfall ditches "potentially misleading" slogan

Low energy prices send E.ON's Danish business into the red

"I'm really looking forward to trying four weeks of continuous vacation"

Italian energy company upgrades after good growth in oil business

British power company tops in Europe after strong financial results and shareholder distribution

GE: Manufacturing error at LM Wind factory resulted in offshore wind turbine failure

Vestas is formalities away from largest order of the year

Earnings decline at TotalEnergies

Nordex upgrades after strong operational progress in the first half-year

Further reading

Employee convicted of defrauding Ørsted of over DKK 1m

Opedal: "Now offshore wind is perhaps the closest you can get to baseload from renewable energy"

The crisis in the Danish wind industry: "A crappy year"

GE: Manufacturing error at LM Wind factory resulted in offshore wind turbine failure

British power company tops in Europe after strong financial results and shareholder distribution

"I'm really looking forward to trying four weeks of continuous vacation"

Jobs

Further reading

Employee convicted of defrauding Ørsted of over DKK 1m

Opedal: "Now offshore wind is perhaps the closest you can get to baseload from renewable energy"

The crisis in the Danish wind industry: "A crappy year"

GE: Manufacturing error at LM Wind factory resulted in offshore wind turbine failure

British power company tops in Europe after strong financial results and shareholder distribution

"I'm really looking forward to trying four weeks of continuous vacation"