Vestas takes right course by slowing 7MW push, analysts say

Deployment of Vestas' 7MW offshore machine prototype is now set for 2014

Vestas has made the right decision in slowing development of its V164-7.0MW offshore turbine to concentrate on returning to profitability, analysts tell Recharge.

The Danish manufacturer is likely to miss out on early UK Round 3 projects and fall further behind rivals in the offshore market as a result of delaying the deployment of its first prototype from 2013 to 2014.

However, analysts point out that this means the company will avoid further overstretching itself as it tries to turn around a first-quarter margin (before interest and taxes) of minus 18.5%, and that the vast majority of offshore projects will be built after 2016, meaning Vestas will still be able to compete for them.

“From an…

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