Vestas preferred supplier for Spanish projects

GALACIA, SPAIN - Danish wind turbine manufacturer Vestas said it had been chosen the preferred supplier for wind projects with total capacity of 1,655 megawatts to be installed in Spain in 2012-14.

An order of that size would be significant for Vestas, the world's largest wind turbine maker, which has forecast its 2010 order intake will reach 8,000-9,000 MW, falling to 7,000-8,000 MW the year after.

Vestas Wind Systems A/S said in a statement its position as "preferred technology partner" was confirmed by the regional government of Galacia following a public tendering round.

More than 70 percent of the total tender capacity of 2,325 MW has been awarded to 20 bidding companies which had submitted proposals based exclusively on Vestas technology, Vestas said.

"Vestas will now continue the negotiations with the different companies, and the orders will be announced as they become firm and unconditional and moreover comply with Vestas' rules of disclosure," said Vestas, which forecast no growth in profit and revenue next year.

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France and Germany arm wrestle over EU electricity reform

PARIS - Despite record temperatures this October, Europe is slowly shifting towards winter - its second since the Ukraine war started and prompted Russia to cut gas supplies to the continent.

After prices surged last winter, when gas and electricity bills “nearly doubled in all EU capitals”, the EU decided to take action.

In March, the European Commission proposed a reform “to boost renewables, better protect consumers and enhance industrial competitiveness”.

However, France and Germany are struggling to find a compromise and the clock is ticking as European energy ministers prepare to meet on 17 October in Luxembourg.


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