SUPPORT SOPTV »
 
 

Report: Chinese Companies Consider Vestas Takeover

April 16, 2012 | Northwest Public Radio
CONTRIBUTED BY:
Courtney Flatt

AUDIO:

Alternative content

Download Audio


Related Articles

  • A Danish newspaper is reporting that two Chinese companies are considering takeover bids for Vestas Wind Systems. The Danish firm’s North American headquarters are based in Portland. credit: Courtney Flatt
A Danish newspaper is reporting that two Chinese companies are considering takeover bids for Vestas Wind Systems. The Danish firm’s North American headquarters are based in Portland. | credit: Courtney Flatt | rollover image for more

RICHLAND, Wash. – A prominent wind energy company – with North American headquarters in the Pacific Northwest – may be acquired by a rival Chinese corporation.

A Danish newspaper, Jyllands-Postenis, is reporting that two Chinese companies are considering takeover bids for Vestas Wind Systems. The Danish firm’s North American headquarters are based in Portland.

Vestas has faced financial trouble over the past year. The company’s chairman and chief financial officer resigned in February.

Sinovel Wind Group and Goldwind Science and Technology Co are the top two wind turbine manufacturing companies in China.

Reuters reports that Vestas shares jumped nearly 15 percent after the newspaper report. According to a Bloomberg report, the Danish Energy Minister says the government would not block a takeover bid because Vestas is a private business.

© 2012 Northwest Public Radio
Vestas takeover China wind energy
blog comments powered by Disqus


Share your experiences as part of EarthFix's Public Insight Network.


 
 
© 2014 Southern Oregon Public Television