EnergyWatch

Vestas buys into wooden turbine tower maker

The turbine manufacturer targets both a solution to a logistical problem and a reduction of its carbon footprint with its first investment since establishing Vestas Ventures. Wind turbines with wooden towers could become a solution on many markets, says innovation head.

Photo: Modvion

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall drops new Danish onshore wind

The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.

Borr Drilling lost more than USD 300m amid restructuring

Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.

GE tops record US wind market

According to BloombergNEF's figures, GE and runner-up Vestas took 90 percent of the US wind market last year, but the balance of power within the duopoly is reportedly more skewed than assumed.

Further reading

Related articles

Latest News

See all jobs