Vestas Wind Systems A/S fell to its lowest in almost two years in Copenhagen trading after the world’s largest wind turbine maker said a blade snapped on a prototype and Danske Bank A/S downgraded the stock.
Vestas Wind Systems A/S, the biggest wind-turbine maker, fell to its lowest since 2003 in Copenhagen after cutting its sales forecast, prompting analysts to say management’s future and chances to avoid a bid may be in doubt.
Infinis Plc, the renewables company owned by financier Guy Hands, said one of its wind turbines caught fire in “extreme stormy weather conditions” that caused most of Britain’s turbines to stop generating power.
Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, may reduce earnings and margins targets for 2015 under its so-called “Triple15” plan after slashing annual forecasts three times in two years.
Vestas Wind Systems A/S tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.
Monsson Alma SRL, a Romanian private equity company, plans to invest about 240 million euros ($338 million) in a wind park in the south-eastern county of Constanta, Ziarul Financiar said, citing unidentified people.
Rare earth metals are key to global efforts to switch to cleaner energy -- from batteries in hybrid cars to magnets in wind turbines. Mining and processing the metals causes environmental damage that China, the biggest producer, is no longer willing to bear.