Apple delay costs Goldwind the big bucks

The Chinese Vestas-rival is forced to watch earnings shrink as a deal with Apple has been stalled.

Photo: Goldwind

Earnings at China's Goldwind will take a dive for the first half of 2017, compared to previously announced projections, because of delays in a deal with Apple, reports Recharge.

In April, Goldwind announced that it expected to make between CNY 1.45 billion (EUR 187 million) and CNY 2.17 billion (EUR 280 million) in the first half of 2017. But the company has now reduced expectations and projects instead that the result will come to between CNY 1.01 billion and CNY 1.45 billion.

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

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs