EnergyWatch

New price on a Vestas turbine declined 13 percent in six months

One can realistically expect the competition level in the wind turbine market to last, says Vestas' CFO. Earnings will be optimized via technology and presence.

Photo: Frank Boutrup Schmidt/Vestas

Competition on the global wind turbine market is rapidly increasing, seems to be the conclusion drawn by Vestas' second quarter report, where earnings and results were well below expectations.

However, just as important was the relationship between these two figures. While the order intake represented a solid boost when measured in its 2,667 MW capacity compared with the same period last year and with analyst calculations, the same cannot be said of the actual value of these new orders, which amounted to EUR 2.2 billion, 13 percent less than the price from the last quarter of 2016.

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