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Tag: Vestas

Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement

Posted: August 24, 2016 at 7:10 pm   /   Renewables

Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2.3 billion). The agreement could lead to as much as 2.2 gigawatt (GW) of orders, the Danish ministry of energy, utilities and […]

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Siemens, Gamesa merge units to form world’s largest wind turbine maker

Posted: June 20, 2016 at 4:46 pm   /   Renewables

• Siemens will hold 59% of merged company; Gamesa gets dividend. • Companies have been in talks since the beginning of the year. Siemens AG and Gamesa Corp. Tecnologica SA agreed to combine their wind-turbine manufacturing businesses, creating a company that will dominate the industry and speed up consolidation triggered by competition and price pressures. […]

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Forbes: Egypt continues diversification push with wind, gas efforts

Posted: June 2, 2016 at 1:56 pm   /   Oil & Gas, Renewables

After announcing a new solar push last week, Egypt will soon consider new wind and natural gas efforts as a part of a broader energy diversification push. Faced with energy uncertainty in recent years and growing demand from a population of more than 80 million, Egypt has moved to diversify its energy options with all […]

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Egypt to sign $2.2bn wind farm deal with Danish Vestas in May

Posted: April 8, 2016 at 7:50 pm   /   Renewables

The Ministry of Electricity and Renewable Energy plans to sign a memorandum of understanding (MoU) with the Danish company Vestas to build a wind farm in May worth $2.2bn. A senior official in the ministry said Minister of Electricity Mohamed Shaker met with Denmark’s ambassador to Cairo and a number of officials from Vestas to […]

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