EnergyWatch

Vestas braces for US order boom this year

Although the US wind turbine subsidies have been reduced since last year, the Danish manufacturer still sees major interest in new orders.

Photo: Vestas

Last year was positive for Vestas on the US wind market.

The Danish turbine manufacturer took the lead, with the delivery of 3,940 MW, on the world's second-largest market. Meanwhile, new orders totaling 3.5 GW flooded in, largely on account of the fact that US project developers were able to receive the full tax credit in the PTC program if they placed orders for at least 5-10 percent of the total investment before Jan. 1 2017. The full tax credit is also conditioned on the requirement that these projects be completed within four years.

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

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Last platform now in position at Tyra site

After completing the voyage from Batam, Indonesia, the process module is now in position in the North Sea. Only one piece is now missing from the reconstruction project at the Tyra site.

Further reading

Related articles

Latest News

See all jobs