Vestas to play wind project developer

Vestas wants to get closer to developing new wind farms so it can benefit more from the major decline in wind energy prices.


Vestas Chair Bert Nordberg wants the company to make more money off the big reduction in wind power prices, and this should take place by becoming involved at earlier stages of project development, reports Danish business media Finans based on an interview with Nordberg.

At the moment, rate payers are the prime beneficiaries of Vestas' efforts in developing new and improved products that reduce the cost of wind energy. The manufacturer should become involved in more projects like the one it entered last year in Sweden along with utility Vattenfall and Danish pension fund PKA.

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