Vestas projects major growth at sea

MHI Vestas expects to install turbines of more than 5 GW ahead of 2020. To begin with, however, the offshore turbine company will have to lose more money before regaining balance.

The inauguration of Dong Energy's extension farm for Burbo Bank is finally approaching. The last turbine out of a total 32 was erected in December, says Vestas of the project, which is the first large-scale development to use MHI Vestas' 8 MW turbine, the V164.

Although the farm is not yet officially operational, this does not keep Vestas from making ambitious statements about the future. In the company's annual report, the wind turbine manufacturer projects an average annual growth in installations of 38 percent ahead of 2020. With a current 2,037 MW in operation, this means that the offshore turbine joint venture must install 7,386 MW by the end of 2020.

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

EU Commission still has no roadmap for price ceiling

Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.

Further reading

Related articles

Latest News

See all jobs