EnergyWatch

Vestas still waiting on huge Egyptian deal

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.

Photo: Vestas

At the end of August, Vestas shares kicked into overdrive with reports of a nearly-sealed deal in Egypt for 2.2 GW.

However the news turned out to be a little too good to be true.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nordex books deficit of EUR 133m in Q2

The German wind turbine maker follows rivals noting another big interim loss, with revenue also having taken a hit. That, though, is exactly as expected, says CEO.

Further reading

Related articles

Latest News

See all jobs