PNE Wind looks for big sales in U.S.
"Our goal is to generate 25 percent of sales there in three years," Martin Billhardt said in an interview. The company does not provide a regional breakdown of sales, but its declared goal is to broaden its position in the United States, which is set to benefit from large subsidies for renewable energy.
U.S. President Barack Obama announced late last year grants totaling $3.4 billion to create a "smart" electric grid that would also carry power generated by solar and wind energy, a project that is seen as boosting the number of wind parks.
Billhardt said that PNE Wind had signed a joint venture agreement with U.S. company Renewable Solutions in the third quarter to increase its presence in the country.
PNE Wind — whose suppliers include Danish Vestas, the world's largest maker of wind turbines, and Germany's Nordex — reported nine months sales of 102.7 million euros (US$153.8 million).
"We're also well on track to reach our full-year EBIT target of 5-7 million euros," Billhardt said, adding that despite the financial crisis, investors such as bigger utilities and wind funds were interested in assets in the wind sector.
Related News
California Faces Power Outages and Landslides Amid Severe Storm
CALIFORNIA - California is grappling with a dual crisis of power outages and landslides following a severe storm that has swept across the state. The latest reports indicate widespread disruptions affecting thousands of residents and significant infrastructure damage. This storm is not only a test of California's emergency response capabilities but also a stark reminder of the increasing vulnerability of the state to extreme weather events.
Storm’s Impact on California
The recent storm, which hit California with unprecedented intensity, has unleashed torrential rain, strong winds, and widespread flooding. These severe weather conditions have overwhelmed the state’s infrastructure, leading to significant power outages…
