Vestas Wind Systems
Just how important is the U.S. Production Tax Credit (PTC) for renewable energy that is set to expire in December? Ask Ditlev Engel, CEO of Vestas Wind Systems, the world's largest wind turbine manufacturer. Engel predicts the U.S. wind turbine market will drop a whopping 80% next year if the incentive vanishes as expected.
Vestas Wind Systems, the world's largest turbine manufacturer, received a massive supply order today from Mexico.
Wind turbine manufacturer Vestas Wind Systems has received an order for 150 MW of wind turbines from a client in the United States the company said Tuesday.
Wind turbine manufacturing giant Vestas Wind Systems will lay off 2,335 employees by the end of 2012 as part of a major organizational reorganization, the company said Thursday.
Reporting its preliminary end of the year results, Vestas Wind Systems says it generated approximately EUR 6 billion in revenue, while receiving 7.4 gigawatts worth of turbine orders.
In his State of the Union address, President Obama called for “winning the future” by innovating world-beating clean energy technologies.
Here are three U.S. companies that are already winners by the President’s definition -- and are also enriching their shareholders: Polypore International, Inc. (NYSE: PPO) (market cap $2.41 billion) up 32.75 percent year to date, up 322 percent in 12 months; Hexcel Corporation (NYSE: HXL) (market cap $2 billion) up 13.8 percent year to date, up 89.4 percent in 12 months; Amtech Systems, Inc. (NASDAQ: ASYS) ($239 million) up one percent year to date, up 187 percent in 12 months.