Vestas Wind Systems A/S said Tuesday that it is in talks with Japanese industrial conglomerate Mitsubishi Heavy Industries Ltd. about a strategic tie-up that could secure the long-term future of the financially troubled Danish wind-turbine maker. Vestas, the world's largest manufacturer of wind turbines, has been struggling with steep losses and a tight financial situation, prompting speculation in the market of a company sale or a dilutive issuance of new shares. The shares jumped 19% Tuesday after news of the Mitsubishi talks, with analysts saying that the project could help the company navigate its way back to profitability. "No matter what the deal contains, it will surely include an injection of capital to Vestas," Alm. Brand Markets analyst Michael Friis Joergensen said. Vestas fell deep in the red in 2011, when massive overcapacity, excessive costs and budget overruns in the development of a new turbine forced it to issue two profit warnings, helping send the share price lower.
The South African PV industry gears up to meet in Johannesburg
PV Insider webinar examines the key challenges that developers and EPC groups are facing to optimize PV plant performance and reduce LCOE
Convert Italia, a leading manufacturer of photovoltaic mounting structures for utility scale projects, has announced today its sponsorship of the PV Project Development Summit South Africa, taking place in Johannesburg next week on 3-4 September.
JinkoSolar, a leading global solar power product manufacturer, will work with EPC partner Solea Renewables to deliver a Limpopo province chrome mine with the first ever off-grid utility scale photovoltaic system in South Africa. The 1 megawatt plant will produce approximately 1.8 GWh of electricity
Ice Energy Technologies believe consumers facing more energy pricing misery after Scottish & Southern Energy (SSE) announced further increases from October have never been better placed to benefit from renewable energy systems such as heat pumps.
Contrary to the claims of Green America supporters of Clean Energy Victory Bonds that research and manufacturing of "second generation biofuels (switch grass and agricultural waste)" would be supported by these bonds, an analysis by Advanced Biofuels USA's Bob Kozak finds no support for that contention. In addition, in an article posted today on the Advanced Biofuels USA's web site, he identifies four major flaws in Clean Energy Victory Bonds legislation.
"2 more laps on 4 or 5 less gallons." That's how Mid-Ohio Honda Indy 200 Winner Scott Dixon compared, in the post-race press conference, the power and efficiency of this year's E85-powered 2.2L (134 cubic inches) direct injected turbocharged engine.
As residents in the Gulf Coast area brace for Hurricane Isaac, one Georgia-based solar company plans to educate others on emergency power systems using solar power and others steps to take to prepare for a grid-failure or related disaster that disrupts power.
Exhibit Will Feature Highly Anticipated Products for Residential through Utility-Scale PV Projects
To date, the largest solar park not just in Estonia, but the Baltic region- works with solar tracking systems by DEGERenergie. 70 percent of this proof of concept project has been set up and operated by DEGERenergie's partner O‹ Energy Smart and has been funded by the Estonian government.
Initial Phase of World's First Green Crude Farm Completed On Time and On Budget
The IMS study notes that demand for solar in the U.S. market grew 120 percent through the end of June, compared with the same period in 2011.
Real-time View of Energy Consumption Gives Business Owners a Green Path to Savings
Baker Electric Solar is pleased to announce it ranked No. 2270 on the 2012 Inc. 500|5000 list of America's Fastest Growing Private Companies with a three-year sales growth of 111 percent.
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Solar Power - Featured Product
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