EnergyWatch

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Henrik Andersen, adm. direktør for Vestas. | Photo: Saxo Bank // PR

As expected, Vestas presented its second-quarter report Wednesday showing a deficit of EUR 147m, while the supply chain disruptions and challenges that have left their mark on the business for quite some time continue to dominate.

Nevertheless, and despite a challenging quarter, there’s some promising news from the US, as the nation’s subsidy scheme for onshore wind, Production Tax Credit (PTC), has been extended with ten years.

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