{"id":174920,"date":"2021-02-10T15:27:39","date_gmt":"2021-02-10T12:27:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/turbine-giant-vestas-looking-offshore-after-strong-2020-results\/"},"modified":"2021-02-10T15:27:39","modified_gmt":"2021-02-10T12:27:39","slug":"turbine-giant-vestas-looking-offshore-after-strong-2020-results","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/turbine-giant-vestas-looking-offshore-after-strong-2020-results\/","title":{"rendered":"#Turbine giant Vestas looking offshore after strong 2020 results"},"content":{"rendered":"

“#Turbine giant Vestas looking offshore after strong 2020 results<\/strong>”<\/p>\n

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\"Danish
\n Danish turbine leader Vestas must now focus on offshore development to keep up with European and US rivals.
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Vestas, the global leader in wind turbines, posted stronger annual results Wednesday and said it was looking to expand crucial offshore operations with a giant new model.<\/p>\n

The Danish company reported a 10 percent rise in net profit to 771 million euros ($933 million) for 2020, even though its supply chain had been affected by the coronavirus pandemic.<\/p>\n

Sales jumped 22 percent to a record 14.82 billion euros, a statement said.<\/p>\n

One disapp<\/a>ointing number was for orders however, which declined by eight percent to 12.7 billion euros in a sector where competition is stiff and global investment is growing.<\/p>\n

Vestas has long been a leader in onshore turbines and must now catch up with offshore rivals such as the German\/Spanish group Siemens Game<\/a>sa or the US multinational General<\/a> Electric (GE).<\/p>\n

“To lead the expansion of wind energy into becoming the dominant energy source, it is crucial for Vestas to become a leader in offshore wind,” the statement quoted president and chief executive Henrik Andersen as saying.<\/p>\n

In October, Vestas spent 700 million euros to gain full control of the sea-based unit it launched in 2014 with the Japanese group Mitsubishi Heavy Industries.<\/p>\n

This year, Andersen said the Danish company’s focus “will be to fully integrate offshore (operations) and address executional challenges”.<\/p>\n

Vestas unveiled a 15-megawatt offshore turbine design that it expects to begin installing in 2024.<\/p>\n

For 2021, Vestas is targeting sales of 16-17 billion euros, which would represent a gain of eight to 15 percent.<\/p>\n

In midday trading on the Copenhagen stock exchange, Vestas shares showed a drop of 3.9 percent to 1,227.50 kroner, while the OMX Nordic 40 index on which it is listed was 0.2-percent lower overall.\n <\/p>\n\n

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Turbine maker Vestas turns in record order book<\/a>\n <\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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\n Turbine giant Vestas looking offshore after strong 2020 results (2021, February 10)
\n retrieved 10 February 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-02-turbine-giant-vestas-offshore-strong.html<\/p>\n

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