Vestas Wind Systems As News

Norwegian energy industry giant Equinor has appointed of Samuel Byrne as Vice President of Operations at Equinor Renewables Americas to lead Equinor's offshore wind operations in the U.S.Bryne most recently served as Vice President responsible for Operations & Maintenance at maker Vestas Wind Systems in Asia-Pacific for both onshore and offshore wind farms, as well as solar and battery storage sites. His responsibilities covered 13 countries and approximately 15GW of wind farms either in operations or being commissioned…

Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s A.P. Moller-Maersk and Germany’s Hapag-Lloyd are riding a record valuation wave thanks to a year of sky-high container rates. Gobbling up land-based logistics rivals would be one use for the cash burning a hole in their pockets. It would also serve as a handy buffer against future supply-chain crunches.Pandemic upheaval has benefitted the shipping industry. Government support, such as checks mailed out to U.S. households, fueled a consumer spending spree. Freight rates have soared.

Offshore wind turbine maker will deliver its giant 15MW wind turbines for Equinor and BP joint venture's offshore wind farms in New York.Vestas said Monday that, Empire Offshore Wind, a joint venture between Equinor and BP,  had named it as the preferred turbine supplier for the 2.1 GW Empire Wind 1 and Empire Wind 2 offshore wind projects in New York, USA. "This is one of the largest preferred supplier agreements to be announced in the USA," Vestas said.Vestas will provide 138 V236-15.0 MW turbines for Empire Wind 1 and 2, located 15-30 miles off the coast of Long Island.

MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll offshore wind project in the UK.ABB’s WindSTAR power transformers are designed to fit inside the wind turbine and can withstand strong vibrations, sudden movements and variable electrical loading, typical of wind power. This lightweight transformer is energy efficient and made with biodegradable and safe ester insulation fluid.MHI Vestas will deliver 90 wind turbines for the wind farm and ABB’s WindSTAR transformers will be installed in each turbine. A joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries Ltd…

Danish wind turbines manufacturer  Vestas Wind Systems secured a 50 MW order with Cong ty Co Phan Dau Tu Dien Gio Hoa Binh 1 (Hoa Binh 1 Company), a company owned by Phuong Anh Group. The order marks Vestas' third intertidal project in the country with three different customers announced this month, which makes the company leads the market for wind energy in Vietnam with almost 200 MW of projects.The project will be located in Hòa Bình, a district of Bạc Liêu Province where the turbines will be installed in shallow waters close to shore to exploit the full potential of the Mekong Delta region's good wind conditions.The contract includes…

Danish manufacturer Vestas Wind Systems has developed a customized solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC, using onshore wind technologies to harvest wind resources from the sea.The intertidal project site is covered in water at high tide and some of the turbines will be uncovered at low tide, said a press note from the sustainable energy solutions provider.Working closely with the customer to overcome the complex operation of planning and executing an intertidal project, Vestas will supervise the installation of the turbines in shallow waters close…

MHI Vestas Offshore Wind (MVOW) announced that the first turbine has been installed at Northwester 2 in Belgium, the world’s first offshore wind park to feature the record-breaking V164-9.5 MW turbine.The 219 MW project, Northwester 2, is the first offshore wind park in the world to deploy the V164-9.5 MW turbine from MHI Vestas. The project will consist of 23 V164.9-5 MW turbines to spin 50 km off the coast of Ostend in Belgium.Northwester 2 is the fourth collaboration between Parkwind and MHI Vestas in Belgian waters, soon providing a combined output capacity of 765 MW in the country.“The installation of the world’s first commercial wind turbine exceeding 9 MW is an exceptionally proud moment for our company,” said MHI Vestas Chief Operations Officer Flemming Ougaard.

The sustainable energy solutions provider Vestas Wind Systems A/S has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway.The Danish manufacturer has developed a solution to fit the site’s wind conditions that includes eight V136-4.2 MW turbines and a long-term service contract to optimise energy production for the lifetime of the project in a high wind location."With a robust design for tough wind sites, the turbine is well-suited for the challenging climatic conditions that are commonly found on Norway’s western coastline," said a press release.The order is placed by Finnish-based Taaleri Energia investing via their SolarWind II fund in the project that will have an annual production of about 112 GWh…

Vestas Wind Systems A/S and GE Renewable Energy have settled all disputes related to multiple claims of patent infringement, said a joint announcement."The settlement of all disputes related to multiple patent infringement claims in the U.S., result in the discontinuation of the case pending in the U.S. District Court for the Central District of California as well as all other pending proceedings related to the patents-in-suit," said the announcement.GE had initially filed a patent dispute in California against Vestas in 2017, over its zero-voltage ride-through technology, which enables wind turbines to manage grid faults.The patents-in-suit generally relate to technologies that enable wind turbines to manage grid faults.With this settlement…

Installation is underway at Northland Power’s Deutsche Bucht offshore wind farm as MHI Vestas and other installation partners have successfully installed the first of 33 wind turbines.Deutsche Bucht, located 95 km northwest of the island of Borkum in the German North Sea, will be powered by 33 V164-8.4 MW turbines from MHI Vestas Offshore Wind.“We are very pleased to see the first turbine successfully installed at Deutsche Bucht,” said Flemming Ougaard, MHI Vestas Chief Operations Officer. “The project is an important one for MHI Vestas and our partners, not only because of our growing experience in Germany, but also our contribution to the German energy transition.The project…

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time to the National Grid.The growth of the offshore wind energy market is credited to the cumulative demand for clean energy to reduce carbon releases and the increasing demand for electricity generation with the help of renewable energy resources.

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult…

MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new market entry experience and a passion for offshore wind in the United States, becomes the company’s first official hire in the US market.On joining MHI Vestas, Folsom said, “I have been watching with great interest how MHI Vestas has approached the US market. I feel the company has been very strategic in their approach to the market. No doubt they have a great product for the market and are extremely committed to developing a US footprint once they have visibility on the project side, and that really appealed to me.

MHI Vestas Offshore Wind, a  joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract  with CS Wind/Chin Fong the local manufacture of towers, as wind industry veteran takes the reins at newly formed entity in Taipei.MHI Vestas is firming up its localisation plans in Taiwan as the company held a signing ceremony today for the manufacture of wind turbine towers in Taichung Harbour.“Our activities this week underscore our strong commitment to the Taiwan offshore wind market and the buildup of a local supply chain,” said Lars Bondo Krogsgaard, MHI Vestas Co-CEO.“The localisation agreement signed yesterday with CIP…

Offshore services provider Maersk Supply Service has signed onto a project that aims to collect tons of plastic waste littering the world's oceans.In the comping months, the Denmark based firm will provide marine support to the Dutch nonprofit The Ocean Cleanup, which will install its first cleanup system in the North Pacific as part of the planet’s first large-scale initiative for collection of floating ocean-plastic debris.Global plastic production has risen steadily since the 1950s. It is estimated that more than 5 trillion pieces of plastic waste now litter all major ocean basins.

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems (Vestas) have appointed Philippe Kavafyan to Chief Executive Officer (CEO) and Lars Bondo Krogsgaard to Co-Chief Executive Officer (Co-CEO) of MHI Vestas Offshore Wind. The appointments will take effect on 1 April, 2018, and are made in accordance with the joint venture agreement's principle of changing its leadership every four years. Under the leadership of out-going CEO Jens Tommerup and Co-CEO Tetsushi Mizuno, MHI Vestas Offshore Wind has established itself as a leading player in offshore, with orders from the UK, Germany, Denmark, Belgium and the Netherlands. With the outlook for offshore wind energy looking positive through the opening of new markets and further reductions in the cost of energy…

Danish wind turbine manufacturer Vestas Wind Systems said on Friday it had received a 122 megawatt turbine order for a wind project in Sweden. The order was for 37 units of the V117-3.3 MW turbine for the Sorby Wind Farm project in Ljusdal, Vestas said in a stock exchange announcement. Reporting by Teis Jensen

Analysts disappointed by 2015 financial targets; shares fall over 6 percent. Danish wind turbine maker Vestas proposed its first dividend payment in 12 years after beating fourth-quarter profit forecasts, though its shares fell on what analysts described as conservative targets for 2015. The dividend payment is a sign Vestas Wind Systems has finally turned the corner after a tough few years during which it slashed jobs and costs as faltering economies and cutbacks in government subsidies hit demand for its turbines. Vestas proposed a dividend of 3.90 Danish crowns per share, equivalent to 29.5 percent of 2014 net profits, just below the 0.52 euros or 4 crowns expected by analysts in a Reuters poll.

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling its turnaround from the brink of collapse has taken hold. Its shares opened up more than 5 percent on Wednesday, touching a two-month high of 290 Danish crowns, and were trading 2.7 percent higher at 282.6 crowns by 0715 GMT. Vestas said earnings before special items jumped to 104 million euros ($138 million) from 12 million a year ago, compared to analysts' expectations of 63 million. Orders rose to 1,932 megawatt (MW) against a forecast 1,648. "The result is a lot better than expected and it is due to a gross margin of 19 percent," said Jacob Pedersen, analyst at Sydbank. "A gross margin of 19 is unusual for Vestas ...

MHI Vestas Offshore Wind A/S, a JV between Mitsubishi Heavy Industries, Ltd. (MHI) and Vestas Wind Systems A/S, has reached a conditional agreement with Skovgaard Invest ApS and Energicenter Nord for the purchase of four V164-8.0 MW offshore wind turbines for the Velling Mærsk project in Western Denmark. The agreement allows for phase two (0-series) of development for the world’s most powerful offshore wind turbine to commence. The Velling Mærsk project will use the 0-series of the V164-8.0 MW, with the main purpose being to test the installation methods and operation & maintenance procedures of the turbine onshore prior to the commencement of serial deliveries offshore.

Reuters - Spanish wind turbine maker Gamesa posted on Thursday a 45 million euro ($61.50 million) profit in 2013, after making losses in the same period a year earlier when it booked writedowns for stalling demand and staff layoffs. Gamesa, whose main European competitor is Denmark's Vestas Wind Systems, said recurring earnings before interest and taxes (EBIT) climbed 175 percent to 129 million euros in 2013 from a year ago. The company sold 1,953 megawatts of wind turbine capacity in 2013, in line with its target, and said it expected to sell between 2,200 and 2,400 megawatts of capacity this year. ($1 = 0.7317 euros) (Reporting by Andres Gonzalez; Writing by Tracy Rucinski; Editing by Fiona Ortiz)

The German Chancellor, Angela Merkel, has agreed to proposals to curb aid for new onshore projects to cut the cost of the country’s unprecedented switch from nuclear energy to renewables. The output energy goal for sea-based wind farms is also to be cut to 6.5 gigawatts by 2020 and 15 gigawatts by 2030, from 10 gigawatts and 25 gigawatts, respectively, reports Bloomberg. Germany plans to reduce the cost of renewable power after deciding to close down its nuclear plants by 2022.

Mitsubishi Heavy Industries, Ltd. (MHI) has agreed with Vestas Wind Systems A/S (Vestas), a leading manufacturer of wind power generation systems based in Denmark, to establish a new joint-venture company (J/V). Plans call for the arrangement to be in place before the end of March 2014. The new J/V will be launched taking over and consolidating MHI's and Vestas' current operations in offshore wind turbines. From a head office to be located in Aarhus, Denmark, the company will handle all aspects from development, design, procurement and manufacturing to marketing and after-sale servicing.