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28.11.2012 13:11
Vestas and Mitsubishi in Talks for the Biggest Offshore Wind Turbine
Vestas Chief Financial Officer Dag Andresen said the Aarhus-based company was talking with Japan’s largest heavy- machinery maker about developing an 8-megawatt machine, about 30 percent more powerful than the current record-holder
AUTHOR: publics.bg


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Vestas Wind Systems A/S (VWS) is in talks with Mitsubishi Heavy Industries Ltd. (7011) to build the biggest offshore turbine for the USD 81 billion wind-energy industry, bolstered by securing financing yesterday through 2015.
 
Vestas Chief Financial Officer Dag Andresen said the Aarhus-based company was talking with Japan’s largest heavy- machinery maker about developing an 8-megawatt machine, about 30 percent more powerful than the current record-holder. It was the first comment on the nature of the talks announced in August.
 
Hours earlier Vestas, the world’s largest maker of wind turbines, said it received 900 million euros (USD 1.2 billion) in financing from nine banks, Bloomberg reported.
 
“The revised loan means Vestas is now in a better position to negotiate with Mitsubishi,” Haakon Levy, an analyst at DNB Markets, said by phone from Oslo. “A joint venture would make sense. Mitsubishi can contribute industrial expertise, a strong balance sheet and access to the Japanese market, and Vestas its technology and experience in the sector.”
 
Germany, Denmark and the U.K. are among nations increasing investment in sea-based wind plants to replace fossil-fuel and nuclear generators as clean energy becomes cheaper. Vestas’s rival Siemens AG (SIE) has won the bulk of offshore turbine orders.
 
Siemens is testing a 6-megawatt machine as project developers study using bigger windmills to produce more power and reduce then money spent on installation and maintenance. The German manufacturer is considering developing a 10-megawatt turbine, Eva-Maria Baumann, a spokeswoman, said by telephone.

TAGS: Vestas | Mitsubishi | Siemens | wind turbine | offshore | renewables | green energy 


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