New turbines should support Vestas growth
Two new turbine models will support Vestas' strong position in the US. The US market accounted for 35 percent of all Vestas' announced orders in 2016 and the new types must bring the cost of wind production down.
According to Finans, Vestas is underway with two new types of wind turbines with rotor diameters of 116 and 120 meters, which supposedly will set new standards for the cost production of wind energy.
"With the introduction of the 116-meter and 120-meter rotors, Vestas' 2 MW platform will take another leap forward and set a whole new level for wind farms' LCOE-performance," says Vestas management in internal papers that Finans has knowledge of.
According to chief analyst at Sydbank, Jacob Pedersen, the new types will be an attractive weapon in the competition for US customers:
'The 2 MW turbine has been a huge success for Vestas in the USA. There is no doubt that the new turbines will help to strengthen Vestas' market position, because the new turbine types makes it cheaper to produce wind energy," says Jacob Pedersen to Finans.
Vestas has no comment on the matter.
Source: Finans / Maritime Denmark