Vestas' UK factory reliant on more orders

19th August 2011


V90 3mw robin riggweb

Related Topics

Related tags

  • Energy ,
  • Renewable

Author

IEMA

Danish wind turbine manufacturer Vestas does not yet have enough orders to begin work on its planned factory in Kent, despite a 31% jump in revenue in the first six months of the year.

The turbine firm’s chief executive, Ditlev Engel, has confirmed it could have manufacturing operations up and running within 12 months at a site it has secured in Sheerness, but work will not start on the factory until more orders are confirmed for its 7MW turbines.

Engel’s comments followed the announcement that Vestas had made pre-tax profits of £6.7 million during the first six months of the year, following a £190 million loss during the same period in 2010.

According to the manufacturer’s figures it has already secured orders worth £6 billion, amounting to 2.9GW of capacity, and it remains confident that it will secure orders for a total of 7GW to 8GW before the year ends.

Engel said that while the long-term outlook for the renewables sector remained positive, companies needed greater regulatory certainty from governments to ensure the transition to low-carbon energy mix.

“The energy agenda will change, the debate now is about how much are we going to change and how fast, and what kind of vehicle we need to make that change [to low-carbon electricity]. Regulatory certainty is what we really need to make sure this moves forward,” he said.

Vestas announced it had signed an option agreement with Peel Ports to build a new manufacturing facility at the Port of Sheerness in May, just two years after it had closed a factory on the Isle of White. If the firm does decide to go ahead with the plant it could create up to 2,000 new jobs.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

Swing voters show strong support for renewables

There is strong support for renewable energy as a source of economic growth among UK voters, particularly among those intending to switch their support for a political party.

16th May 2024

Read more

A project promoter’s perspective on the environmental challenges facing new subsea power cables

3rd April 2024

Read more

The UK’s major cities lag well behind their European counterparts in terms of public transport use. Linking development to transport routes might be the answer, argues Huw Morris

3rd April 2024

Read more

Tom Harris examines the supply chain constraints facing the growing number of interconnector projects

2nd April 2024

Read more

The UK government’s carbon capture, usage and storage (CCUS) strategy is based on optimistic techno-economic assumptions that are now outdated, Carbon Tracker has warned.

13th March 2024

Read more

The UK government’s latest Public Attitudes Tracker has found broad support for efforts to tackle climate change, although there are significant concerns that bills will rise.

13th March 2024

Read more

A consortium including IEMA and the Good Homes Alliance have drafted a letter to UK government ministers expressing disappointment with the proposed Future Homes Standard.

26th February 2024

Read more

Global corporations such as Amazon and Google purchased a record 46 gigawatts (GW) of solar and wind energy last year, according to BloombergNEF (BNEF).

13th February 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close