Vestas struck by "double whammy"
The effect of turbine blade producer TPI's strike has not yet impacted the Danish manufacturer, which, on the other hand, sees the end of US projects with lackluster returns.
Vestas' first quarter was an unusual period. While history's ghosts from the price war that ravaged the wind industry, particularly in 2017, reappeared somewhat in the form of the first operating result deficit in the company's history, favorable news did appear manifested through the average sales price (ASP) per MW, which increased to EUR 2.14 million per MW amid the first quarter's record order intake of 3 GW.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Anders Runevad resigns as CEO of Vestas
For subscribers
Vestas takes another step toward the unknown
For subscribers
