Chinese firms consider Vestas takeover

| Print |  Email
Must Reads
Tuesday, April 17, 2012

A pair of Chinese rivals are considering takeover bids for Vestas Wind Systems.

Danish newspaper Jyllands-Posten reported Monday that Chinese turbine-makers Goldwind and Sinovel, ranked No. 2 and No. 7 in the world, are attracted to Vestas' global footprint and stronger technology.
Vestas, which keeps its North American sales and service headquarters in Portland, has been facing uncertainty and financial turmoil in recent months, due in part the fact that the U.S. Production Tax Credit, an important incentive for wind energy developers, has not been renewed. The credit is set to expire at the end of the year and, despite some attempts to extend it, there's been no action to do so.

Read more at Sustainable Business Oregon.

{biztweet}vestas chinese{/biztweet}

 

More Articles

6 key things to know about summer baseball in Oregon

The Latest
Friday, June 05, 2015
basedthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.


Read more...

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...

Portland’s long-distance bike commuters

The Latest
Monday, August 03, 2015
Matt KellyresizethumbBY KIM MOORE | RESEARCH EDITOR

Pushing the extreme.


Read more...

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


Read more...

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Apartment Mania

Guest Blog
Thursday, June 18, 2015
4805983977 11466ce1d6 zBY BRAD HOULE | CFA

While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.


Read more...

Urban renewer

Linda Baker
Wednesday, June 24, 2015
UnknownBY LINDA BAKER   

One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS