On several occasions, a memorandum of understanding for wind turbines of 2.2 GW in Egypt seemed like it was just around the corner for Vestas. But so far nothing has happened. "Sometimes things take longer than you expect," says the wind giant.
The multinational commodity trader navigated through a turbulent market in fiscal 2022, which ended in September, but nonetheless closed the year with a record result. Challenging conditions will carry on into 2023.
Serious dissatisfaction is emanating from European capitals regarding the Energy Charter Treaty for protecting fossil energy investments, thus prompting the EU Commission to assess its options for a collective exit.