Articles from Denmark
The former executives are accused, among other charges, of using their positions at the company to make private side-deals in the wind turbine business, which is in direct violation of Vestas's corporate policy and Danish and German law.
The judgment is significant as it granted compensation after the erection of the wind turbines. This is contrary to the main rule in the Promoting Renewable Energy Act; however,both the city court and the high court found sufficient legal authority under the act to admit the claim after the erection of the wind turbines.
The owner of the nursery at Gislinge fears for his employees' health because of low frequency noise from wind turbines.
In itself, one can question the management’s motives for firing a professor who has frequently been critical of the noise calculations made for wind turbines, when Aalborg University at the same time is trying hard to expand cooperation with wind turbine industry.
DTU's Department of Wind Energy is in charge of construction and operation of the National Test Centre for Large Wind Turbines at Østerild, and we hardly reveal a national secret by thinking aloud, that Professor Henrik Møller's research‐based opinions about low‐frequency noise from large wind turbines may have been on a collision course with his academic competitors at the Technical University.
Eskild Holm Nielsen says he will not comment on individual cases but consistently refutes that Henrik Møller’s critical messages and articles in relation to the wind power industry have anything to do with the firing.
The Danish financial crimes office’s 18-month investigation into a former Vestas head of finance, Henrik Nørremark, has taken a dramatic turn and has been expanded to include a number of other former Vestas bosses.
The Danish climate and energy minister has warned that the government may drop future offshore projects if the price of the power they produce does not come down significantly. The minister said that the energy from Anholt is too expensive The minister said that the energy from Anholt is too expensive
Denmark’s government mustered enough votes to let Goldman Sachs Group Inc. (GS) buy a stake in state-owned Dong Energy A/S after resistance to the deal prompted one of the ruling coalition’s three parties to quit.
Denmark has a largely state-owned company called Dong Energy (which evidently is not a funny name in Danish) that its center-left government wants to partially sell to Goldman Sachs. This is prompting a massive popular and political backlash that's threatening to bring the governing coalition down.
The incident involved a single V90-3.0 MW wind turbine, which uses 44-meter-long blades. Two of the blades were damaged ...A developer named Hojstrup Vind ApS owns the wind farm, which features four V90-3.0 MW turbines. The machines were commissioned in December 2013,
Two 44-metre blades have broken on a Vestas V90 3MW turbine commissioned at a Danish wind farm in December. The blades came off “approximately a third of the distance from the tip end” on Sunday at the site close to the town of Sæby in Northern Jutland, Vestas said.
Vestas grossly misrepresented investors about its revenues on pending contracts in 2009 and 2010. Vestas continuously prided itself on the continuous rise of its order book due to rising incoming “firm and unconditional” orders. The Company kept the market closely informed about these orders and tied its own guidance for future revenues and earnings to the evolution of the backlog. However, the evolution of the order book as announced by the company cannot be matched with actual deliveries. Orders that were announced as “firm and unconditional” seem to have left the order book without having given rise to deliveries (for an amount of approximately EUR 1.4 bn).
At least one green energy developer recognizes that these stimulus subsidy programs have a record of doing more harm than good, and he isn't reluctant to say why. Patrick Jenevein, CEO of the Dallas-based Tang Energy Group, posted a Wall Street Journal article arguing that "the sequester offers Washington a rare opportunity to roll back misguided subsidies and maybe help reverse wind power's stalling momentum."
Only a handful of companies have the qualifications and equipment to remove seafloor explosives -- the special ship required for it costs up to €200,000 per day ...the turbines are currently being powered by a diesel generator, because they need to continue moving to avoid gathering rust. Given the latest developments, Riffgat may be an energy drain, instead of an energy producer, for quite some time.
Vestas has filed lawsuits against the two Indian companies embroiled in the Danish company's row with former CFO Henrik Nørremark. Vestas has filed the lawsuits in New Delhi's high court against RRB Energy and ECO RRB for the return of money handed over by Norremark, in deals that were not sanctioned by the Danish company's board.
Dong made clear its intention to sell onshore assets to fund offshore development in a new strategy and financial action plan published in February. ..."Our competences and capital will be deployed in offshore wind where we have a strong and differentiated competitive platform."
The powerful Danish wind industry in the last six years received over 80 billion, with the bulk of the money going to project owners and investors. At the same time, Danish electricity consumers paid $4.6 billion in so-called PSO charges last year for wind power. That figure has skyrocketed by 270 percent over the past five years.
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.
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.