Vestas braces for US order boom this year

Although the US wind turbine subsidies have been reduced since last year, the Danish manufacturer still sees major interest in new orders.

Photo: Vestas

Last year was positive for Vestas on the US wind market.

The Danish turbine manufacturer took the lead, with the delivery of 3,940 MW, on the world's second-largest market. Meanwhile, new orders totaling 3.5 GW flooded in, largely on account of the fact that US project developers were able to receive the full tax credit in the PTC program if they placed orders for at least 5-10 percent of the total investment before Jan. 1 2017. The full tax credit is also conditioned on the requirement that these projects be completed within four years.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Higher revenue didn't save Subsea 7 from bottom-line loss

Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.

Equinor continues advance in Q2

After a year of seeing deficits in several quarters, Equinor now maintains the fine form the company came into during the first quarter 2021.

Further reading

Related articles

Trial banner

Latest News

See all jobs