MHI Vestas: US order is a good foothold into the market

The offshore wind turbine manufacturer is celebrating its contract to supply a US project, snatched away from Siemens. However, the CEO is well aware that a contested law could increase the price of offshore wind in the US.

Malta-flagged installation vessel Brave Tern installed the first US turbines last winter. Due to an old law, the vessel could not touch US soil. | Photo: Fred.Olsen Windcarrier

Last autumn, MHI Vestas got its first foothold in the US offshore wind market. Local project developer Leedco had opted for Siemens for test project Icebreaker in Lake Erie, north of the state of Ohio, but subsequently switched to the Danish-Japanese joint venture as turbine supplier.

However, MHI Vestas has more to celebrate than simply one-upping its competitor. Although the project, planned for installment by 2019, is only 20 MW and will not be built with the 8 MW flagship model V164 but rather with six V112-3.45 MW turbines, which tend to be primarily installed onshore, it will prove an important order if it becomes fixed and unconditional, says the CEO.

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

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs