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Vestas’ “Prospects Good” Despite Energy Law Setback
28-07-2010
13:57
A new version of an upcoming US energy bill that scraps a renewable energy requirement for power providers is undoubtedly bad news for Danish wind power giant Vestas. However, according to a Sydbank Senior Analyst covering the wind power market, the company’s shares remains an attractive proposition and there is no need to revise financial expectations.
According to Jacob Pedersen, US domestic politics could mean that the nation will soon become less enthusiastic about wind power. However, the prospects for Vestas remain highly favorable in many other parts of the world – not least South America, which could prove a significant growth area in the future.
Last week, Vestas announced that it had received the largest order for a single site in its history. A total of 190 turbines, providing 570 megawatts of power, will be delivered to a wind park near Tehachapi in California for the company Terra-Gen. The order is the eighth North American deal for Vestas so far this year.
According to Jacob Pedersen, US domestic politics could mean that the nation will soon become less enthusiastic about wind power. However, the prospects for Vestas remain highly favorable in many other parts of the world – not least South America, which could prove a significant growth area in the future.
Last week, Vestas announced that it had received the largest order for a single site in its history. A total of 190 turbines, providing 570 megawatts of power, will be delivered to a wind park near Tehachapi in California for the company Terra-Gen. The order is the eighth North American deal for Vestas so far this year.
*****||*****Vestas’ “Prospects Good” Despite Energy Law Setback*****||*****A new version of an upcoming US energy bill that scraps a renewable energy requirement for power providers is undoubtedly bad news for Danish wind power giant Vestas. However, according to a Sydbank Senior Analyst covering the wind power market, the company’s shares remains an attractive proposition and there is no need to revise financial expectations.*****||*****
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