Vestas no longer top in wind power

| Print |  Email
Must Reads
Wednesday, March 27, 2013

Vestas lost its world lead in wind power manufacturing to American rival GE-Wind.

Vestas supplied 14 percent of the world market last year for turbines and other parts, topped by GE-Wind, which bolted to a 15.5 percent market share. Vestas had been the world market-share leader since 2000, Navigant reported.

GE Wind benefited from the year-end rush to take advantage of production tax credits in the U.S., which were set to expire. Congress wound up extending the wind tax break for another year, but uncertainty prompted wind developers to speed construction of new projects last year.

The feared expiration of the tax break brought a banner year to Oregon’s wind power industry in 2012, for new installations. While layoffs mounted at Vestas and Iberdrola, a wind power operator that also maintains its North American headquarters in Portland, new wind developments bloomed.

Read more at The Portland Tribune.

{biztweet}vestas{/biztweet}

 

More Articles

The Human Factor

February 2015
Monday, January 26, 2015
BY BRIAN LIBBY

Matt French opens up South Waterfront.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

The short list: 4 companies engaged in a battle of the paddles

The Latest
Thursday, December 04, 2014
pingpongthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Nothing says startup culture like a ping pong table in the office, lounge or lobby.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


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