PTC cut will limit Vestas' order intake

Vestas' orders on the US market are lagging behind somewhat compared to last year due to the gradual phase-out of the production tax credit scheme for endeavors including wind projects. Consequently, the OEM won't beat its order record this year, says equity analyst.

Across 2020, Vestas has bagged US orders for 1,447 MW, while the corresponding 2019 number was 4,388 MW. Photo: vestas

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