News
Category:
Denmark
The slain young eagle was likely one of the six white-tailed eagles in a row, "said Pedersen, who follows bird migration in Skagen daily.
Also filed under [
Impact on Wildlife|
Impact on Birds]
Vestas opposes investor call for probe into accounting change
March 20, 2013 by Alex Morales in Reuters
March 20, 2013 by Alex Morales in Reuters
Vestas Wind Systems A/S (VWS), the unprofitable Danish wind turbine maker, is fighting an attempt by investors to probe a change in its accounting policy that they say damaged the company's share price.
Also filed under [
General]
Vestas' reorg midpoint report card: Sales rising, but shipments declining
February 6, 2013 by Alex Morales in Renewable Energy World
February 6, 2013 by Alex Morales in Renewable Energy World
The wind turbine maker is halfway through a two-year push to cut its workforce by about 30 percent to 16,000 as it seeks to return to profitability following two years of losses. It's reduced its cost base by more than 250 million euros of the target for 400 million euros of cuts by the end of 2013.
Also filed under [
General]
The wind industry provides its own rules
January 28, 2013 by Peter Skeel Hjorth, journalist, Henrik Svanholm, Master of Laws and and Peter Prinds, MD in Weekendavisen
January 28, 2013 by Peter Skeel Hjorth, journalist, Henrik Svanholm, Master of Laws and and Peter Prinds, MD in Weekendavisen
The Danish Parliament favours the wind industry to a degree where the constitutional state is weakened. Ida Auken, Minister for the Environment, is so indifferent to facts that in a consultation she delivers 38 wrong answers, including the information that wind turbine noise does not disturb more than noise from any other source, and that the regulations are stricter for wind turbine noise than for any other noise.
Also filed under [
Noise]
Sarnia documentary writer takes aim at push towards wind energy
January 22, 2013 by Paul Morden in Sarnia Observer
January 22, 2013 by Paul Morden in Sarnia Observer
The documentary starts out in Alberta where wind energy has been a success ...It moves then to more densely populated rural Ontario where the reception to turbines hasn't been as welcome, and then to Denmark, once a poster-child for wind energy, where the relationship between residents and turbines has soured.
Also filed under [
Impact on People|
Canada]
Not in your backyard, neighbouring council tells Copenhagen
January 17, 2013 by Christian Wenande in The Copenhagen Post
January 17, 2013 by Christian Wenande in The Copenhagen Post
Local councillors in the city of Hvidovre are fuming that neighbouring Copenhagen plans to erect four wind turbines in a waterfront area on the border between the two cities.
Hvidovre oppose the construction of the 148 metre wind turbines, four times the height of Copenhagen's Round Tower, arguing they will spoil the view from their new beach near Kalvebod Syd, while compromising an adjacent nature reserve.
Also filed under [
Impact on People]
The government considered eight areas for the offshore parks but in the end chose only the six where local support was judged to be high enough. The areas ...will accept bids for 450 MW of commercial production and 50 MW of experimental turbines. The latter will receive a fixed price of 12 cents per kilowatt-hour
Also filed under [
Energy Policy]
Billion Investment in wind turbines and utilization of biomass is useless if the goal is to reduce CO2 emissions. At worst, it can paradoxically harm the climate, says the Economic Council - sages - in an analysis in Berlingske Politiko. The complicated relationship skyuldes EU quota system for CO2 emissions.
Also filed under [
Energy Policy]
Vestas' stock shares heading towards its lowest level since the company's IPO - in 1998.
On Tuesday, shares of Vestas fell by 3.2 percent after news of the company's U.S. CEO, Martha Wyrsch, decided to leave the ailing wind turbine manufacturer.
Also filed under [
General]
The loss-of-value clause was passed by parliment in 2008 at the urging of Dansk Folkeparti (DF) and gave neighbours to wind turbines the opportunity to seek financial compensation for lost property value. Fifty-three percent of applicants have received compensation, but those that have had money awarded say the amount did not come close to reflecting the actual value.
Also filed under [
Impact on People|
Property Values]
Denmark won’t support Vestas through financial hardship
October 29, 2012 by Peter Levring & Gelu Sulugiuc in Bloomberg News
October 29, 2012 by Peter Levring & Gelu Sulugiuc in Bloomberg News
Aarhus, Denmark-based Vestas, which has been hurt by higher-than-budgeted costs to develop its V112 turbine and cuts in green energy subsidies, said in July it agreed with its banks to defer a so-called test of financial covenants, delaying loan payments after losses eroded its cash flow.
Also filed under [
General]
DONG mothballs German wind farm, blames TenneT
October 21, 2012 by Christiaan Hetzner, Joern Poltz, Mette Fraende and Thomas Escritt in Reuters
October 21, 2012 by Christiaan Hetzner, Joern Poltz, Mette Fraende and Thomas Escritt in Reuters
TenneT TSO, whose Dutch parent bought E.ON's German high voltage grid in 2009, has come under political and financial pressure over delays in linking offshore wind farms to Germany's onshore grid, as part of the country's hurried shift toward renewable energy.
Vestas stops non-profitable projects in recovery hunt
October 3, 2012 by Mette Fraende and Shida Chayesteh in Reuters
October 3, 2012 by Mette Fraende and Shida Chayesteh in Reuters
The company's chief financial officer, Dag Andresen, said Vestas would stop and close down all non-profitable projects in areas such as research and development.
Products which cannot reach the market within 18 months or will not be profitable for the firm within 24 months will be put on the chopping block, he said.
Also filed under [
General]
Vestas falls as markets day fails to deliver: Copenhagen Mover
October 3, 2012 by Peter Levring in Bloomberg News
October 3, 2012 by Peter Levring in Bloomberg News
“Margins and pricing continue to remain pressured across the sector which, along with policy uncertainty such as the renewal of the U.S.’s production tax credit, have weighed on the wind industry.” James Evans, solar and wind analyst at Bloomberg Industries.
Also filed under [
Tax Breaks & Subsidies|
USA]
The deals signed last year, which Vestas says were "in violation of the company's internal provisions" and its interests, have definitely lost the company €4 million and may have lost a further €14 million.
Vestas ends severance pact with CFO; deals cited
October 3, 2012 by Dominic Chopping in Market Watch
October 3, 2012 by Dominic Chopping in Market Watch
Denmark's Vestas Wind Systems A/S , the world's largest manufacturer of wind turbines, said it has terminated its former Chief Financial Officer's severance deal after it emerged he has cost the company up to 18 million euros from unauthorized deals in India.
Vestas, the world's biggest wind turbine manufacturer, has decided to "scale down its sales efforts in the Indian market''. Vestas is currently implementing a global re-organisation plan to develop a "more scalable and flexible organisation" and cut cost by €250 million by the end of 2012.
Shares in Danish wind turbine maker Vestas (VWS.CO) plunged as much as 14 percent on Thursday as worries mounted that the company could ask shareholders for more capital, traders said.
Also filed under [
General]
Vestas in $32m currency row with Argentine wind developer
September 12, 2012 by Christiana Sciaudone in Recharge News
September 12, 2012 by Christiana Sciaudone in Recharge News
Genneia wants to pay an outstanding balance in Argentine pesos, instead of euros or US dollars, as Vestas claims was agreed - a move that could leave the turbine group facing a heavy currency exchange loss on the more than $32m it says it is still owed.
Also filed under [
General|
South America]
Vestas plunges amid cash shortage concerns
September 12, 2012 by Christian Wienberg in Bloomberg News
September 12, 2012 by Christian Wienberg in Bloomberg News
"Vestas' stock has experienced wild swings over the past weeks as worries about the balance sheet and press reports about a potential strategic investor grabbed the headlines," Prozesky said. "Our view has been that the stock is largely ‘un- investable' given these two potential extreme outcomes."
Also filed under [
General]
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