Banks put deadline on Vestas-Mitsubishi deal

| Print |  Email
Must Reads
Wednesday, September 05, 2012

A group of international banks gave Vestas Wind Systems a deadline of Jan. 1, 2013 to reach a deal with Mitsubishi Heavy Industries.

International renewable-energy journal Recharge, citing a report in the Danish newspaper Berlingske, said nine of Vestas’ banks are “keenly supportive” of a deal that could involved Mitsubishi taking a stake of up to 20 percent in Vestas.

The banks “see a deal with Mitsubishi as key to getting the company back on track with its bank debt conditions,” Recharge said of the Berlingske report. It was not reported what steps the banks might take if the deal isn't reached by the Jan. 1 deadline.

Read more at Sustainable Business Oregon.

{biztweet}vestas mitsubishi{/biztweet}

 

More Articles

Undersea Power

June 2015
Friday, May 22, 2015
BY JACOB PALMER

Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.


Read more...

Sun set

June 2015
Friday, May 22, 2015
BY CHRIS NOBLE

The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night. 


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

Photo Log: The 2015 100 Best Green Workplaces in Oregon

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.


Read more...

Oregon needs a Grand Bargain energy plan

Linda Baker
Monday, June 22, 2015
0622-gastaxblogthumbBY LINDA BAKER

The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.


Read more...

Credit Unions Perspective

June 2015
Tuesday, May 26, 2015
BY KIM MOORE

A conversation with Gene Pelham, CEO of Rogue Credit Union.


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