News
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Impact on Economy
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Mr Jelbart and his neighbours estimate the wind farm development will wipe $20 million from the value of nearby properties.
"Our land is being used as a buffer zone for an industrial site," he said.
Also filed under [
Property Values|
Australia / New Zealand]
Vermont leaders back away from renewable energy goals
February 22, 2012 by Dave Gram in The Associated Press
February 22, 2012 by Dave Gram in The Associated Press
Klein and Cheney said they had been hearing a groundswell of concern voiced by business lobbyists that getting more power from renewable sources, which are usually more expensive than electricity generated with nuclear or fossil-fuel-fired power, would drive up electric rates and make Vermont less competitive economically.
Also filed under [
Energy Policy|
Vermont]
Vermont utilities agree to buy wind power from New Hampshire
October 22, 2010 by David Gramm in The Associated Press
October 22, 2010 by David Gramm in The Associated Press
Both companies had previously signed contracts to take power from the Granite Reliable project; in Thursday's announcement, they said would increase those amounts so that CVPS will take 50.3 percent of the 99-megawatt project, while GMP will take 32 percent. ...Wherever the projects have been proposed, local groups have sprung up to oppose them.
Also filed under [
New Hampshire|
Vermont]
Vestas cuts workers hours at two US factories
December 12, 2012 by James Quilter in Windpower Monthly
December 12, 2012 by James Quilter in Windpower Monthly
Vestas is cutting working hours at its Colorado blade plants at Windsor and Brighton in preparation for a post-PTC slowdown in the US wind sector.
The company said it had told employees at the factories that it was reducing their weekly hours from 40 to 32 hours. The change will take effect in January.
The company on Wednesday confirmed a third-quarter operating loss of 92 million euros against a profit of 271 million in the same quarter last year.
Vestas said 2013 could prove to be a "very challenging year" owing to the expiry of the production tax credit scheme in the United States.
Vestas may have to cut jobs, spending as orders come to standstill
February 11, 2009 by Gargi Chakrabarty in Rocky Mountain News
February 11, 2009 by Gargi Chakrabarty in Rocky Mountain News
Danish company Vestas is catching some head wind.
The world's largest wind-turbine maker on Wednesday said it might reduce jobs and scale back capital spending in Colorado and the United States, unless orders pick up, according to Bloomberg News.
Vestas CEO Ditlev Engel said orders from the U.S. "came to a standstill" after the collapse of Lehman Brothers Holdings Inc. in September tightened credit for wind energy developers.
Also filed under [
Colorado]
Vestas short-selling increases to record on 2011 orders goal
December 29, 2011 by Alex Morales in Bloomberg Businessweek
December 29, 2011 by Alex Morales in Bloomberg Businessweek
The company, based in Aarhus, Denmark, on Oct. 30 cut its forecasts for margins and revenue, while retaining guidance that orders this year will reach 7,000 to 8,000 megawatts. UBS AG, Switzerland's largest bank, said in a Dec. 19 note that there's a "high risk" Vestas won't meet its orders target.
Vestas third-quarter profit falls as credit crunch cuts orders
October 26, 2010 by Christian Wienberg in Bloomberg News
October 26, 2010 by Christian Wienberg in Bloomberg News
The credit crisis has prompted banks to restrict loans to wind-park developers that buy turbines from Vestas and rivals such as Germany’s Siemens AG and General Electric Co. At the same time, Europe’s sovereign debt crisis has limited prospects for economic growth in the region.
Also filed under [
Denmark]
Vestas to cut 3,000 jobs at wind turbine plants
October 26, 2010 by Clare MacCarthy in Financial Times
October 26, 2010 by Clare MacCarthy in Financial Times
Vestas, the world's largest wind power company, is to cut up to 3,000 jobs - some 14 per cent of its global workforce - because of excess capacity and a cut in order expectations in Europe.
The closures of four production facilities in Denmark and one in Sweden were announced on Tuesday.
Also filed under [
Denmark]
Villagers in tourist haven split by plan for turbines
April 7, 2007 by Iain Ramage in This is North Scotland
April 7, 2007 by Iain Ramage in This is North Scotland
Residents living in one of Scotland's tourist havens yesterday told how proposals for two towering wind turbines in the coastal village had instantly "divided" their community.
Alarm bells sounded at Ullapool, Wester Ross, as news spread that local energy firm, the ironically named Invisible Heating Systems (IHS), had submitted plans for two 80ft wind turbines beside its premises.
VisitScotland admits wind farms could harm tourism
October 22, 2012 by David Ross in Herald Scotland
October 22, 2012 by David Ross in Herald Scotland
VisitScotland's position emerged as a planning inquiry gets under way today into the Allt Duine wind farm, which would see 31 turbines built half-a-mile from the boundary of Cairngorms National Park.
The intervention by the agency into the Lockerbie proposal comes days after Alex Salmond claimed wind farms "enhance our appeal as a country".
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