CIP stake purchase underscores Vestas' new development
Even though wind farms off the main books will contribute to the group's balance, Vestas faces a real balancing feat with a major investment and the establishment of project development as an independent business domain.
Friday, it can be said that Vestas has put itself in a somewhat tricky position with the 25-percent interest purchase in Copenhagen Infrastructure Partners (CIP), whereby the OEM aims to "further expand its presence in renewable project development" by, for instance, giving Vestas' both current and former CEOs, Henrik Andersen and Anders Runevad, respectively, seats on CIP's board.
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Vestas buys stake in CIP
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