Vestas chairman: "Idiotic" auction prices could be a thing of the past

Several low bids over recent years were placed by "desperate players" which will not be making money on the orders, according to Bert Nordberg.

Photo: Vestas

The wind turbine market has seen excessive risks be taken in some auctions, as players have bid record-low prices for wind power, says Vestas Chairman Bert Nordberg.

He hopes, however, that the market has sobered up and that maybe such "idiotic" prices will not be bid in coming auctions.

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