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Ørsted, a Danish power group, and Vestas, a wind turbine maker, said projects in Europe had to deal with low wind speeds, while supply chain stagnation, rising energy prices and raw material costs hit manufacturers. Warned about difficult situations for the renewable energy industry. Vestas warned on Wednesday that “the global business environment for renewable energy will become increasingly difficult.” Second time In 3 months. Orsted, the developer of the world’s largest offshore wind farm, Lower wind speed This year, compared to 2020, 2021 profits were expected to reach the lower end of the guide range. The group said operating...

Shares in Vestas, the world’s largest wind turbine manufacturer, tumbled more than 17 percent Thursday after the Danish firm tweaked its annual outlook and its quarterly net profit slid. At 8:30 GMT, its shares were down 17.3 percent to 436.1 kroner (€58.60), in a market down 1.9 percent overall. Net profit fell 18 percent in the third quarter to €253 million, while sales slid 5.5 percent to €2.7 billion. The operating profit margin, which excludes exceptional items, dropped two percentage points from the same period last year to 12.9 percent. […] Vestas’ shares already tumbled 11 percent last Friday after...

| The discovery of mysterious rocks on the brightest large asteroid in the solar system, Vesta, deepens the mystery surrounding the huge object's origins, researchers say. Vesta is the second-largest asteroid in the solar system. The 330-mile-wide (530-kilometer) protoplanet is also the brightest large asteroid, with a surface about three times more luminous than Earth's moon.

Vestas workers in Pueblo could face the same cut in work hours as their counterparts in Northern Colorado... Workers in Windsor and Brighton will see their work hours reduced to 32 hours from 40 hours starting in January. Part of the workers' lost wages will be covered by unemployment insurance under a work-share plan announced by the company and the state Department of Labor. ... Vestas and other wind energy companies are in the midst of a sharp slowdown in U.S. due to falling orders and also the scheduled expiration of a federal wind energy tax break. The wind energy...

Vestas Wind Systems said late Wednesday it will shut down its research and development offices in Louisville and in two other states, rather than consolidate them in Brighton as it announced less than a month ago... The Danish wind-turbine maker ... Vestas will close its three R&D offices in the United States by the end of the second quarter in 2013.” The other two offices are in Houston and Marlborough, Mass. ... Vestas repeatedly has blamed the pending expiration of a U.S. wind-power production tax credit for weakening demand for its products, leading to job cutbacks. That tax credit, which...

Danish wind turbine maker Vestas will cut 2,335 jobs in a bid to restore profitability after rising costs wiped out its 2011 earnings. Vestas Wind Systems A/S said the cuts, about a tenth of its workforce, would help it reduce costs by more than 150 million euros ($190.3 million) by year-end. Another 1,600 jobs could go at U.S. plants if a tax credit for renewable energy is not extended. The world's biggest wind turbine maker is battling fierce competition, including from Chinese rivals , as well as the threat of subsidy cuts for renewable energy by hard-pressed governments forced to...