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Denmark-based Vestas Wind Systems (VWS:DC) had a big week. First, the world’s largest wind turbine manufacturer announced that they would be building a tower manufacturing plant in Colorado. Second, Vestas reported a 94 percent jump in earnings in the first quarter of 2008, as compared to the same period last year.
Although they have yet to disclose the location of the new tower manufacturing facility, it would be situated to complement the company’s fist North American blade manufacturing plant, which recently opened its doors in Windsor, Colorado.
For the tower plant, the company will need a large parcel of land served by freight rail, a combination that Northern Colorado can provide at several locations, including the Windsor location, where construction proceeds on phase two of the blade plant. According to the Northern Colorado Business Review, more than 1,000 new jobs could result from further expansion of Vestas’ manufacturing presence.
The American Wind Energy Association held a press conference today (4/21/08) to discuss the present and future of their industry in the United States. Representatives from Siemens, Vestas, GE and Gamesa were there to share their perspectives and answer questions. What they revealed was an industry both optimistic and tenuous; their products are in high demand, but they are reliant on tax credits for large-scale expansion. Given the increasing popularity and regulatory necessity of sustainable power generation, both American and international turbine producers are eying the practically limitless growth potential in the United States. All they need is stability in policy to dramatically expand their manufacturing and R&D capabilities, simultaneously creating thousands of jobs and a competitive American industry.
The United States has a natural edge when it comes to wind energy. Unlike Europe, we have a lot of land with which to harness wind, including across sparsely populated areas. If NIMBY isn’t a problem, the potential for sustainable energy generation is even greater.
By Joshua S Hill •
September 22, 2007
China appeared multiple times in the world’s most polluted places study released last week, and is renowned for smoggy cities and facemasks. But according to executives of major wind turbine maker Vestas, China is also set to become the world’s top wind power market within 3 to 5 years.
In China to open the second and third of seven plants by the first quarter of 2008, Vestas Chief Executive Ditlev Engel said
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By Maria Surma Manka •
September 7, 2007
Vestas, one of the world’s leading wind energy companies, is leaving Australia, calling the nation’s wind energy market "unviable."
Vestas Australia Wind Technology will close its 2 1/2 year-old turbine blade factory in Portland, Victoria at the end of this year. Consequently, 130 jobs will be lost. The Danish company’s Asia-Pacific senior vice president, Jorn Hammer, was quite forthcoming with his criticism of the Australian government:
"It’s not viable for us to make further
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