• 7 hours Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 7 hours Oil Gains Spur Growth In Canada’s Oil Cities
  • 8 hours China To Take 5% Of Rosneft’s Output In New Deal
  • 9 hours UAE Oil Giant Seeks Partnership For Possible IPO
  • 9 hours Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 10 hours VW Fails To Secure Critical Commodity For EVs
  • 11 hours Enbridge Pipeline Expansion Finally Approved
  • 12 hours Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 13 hours OPEC Oil Deal Compliance Falls To 86%
  • 1 day U.S. Oil Production To Increase in November As Rig Count Falls
  • 1 day Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 1 day Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 1 day EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 4 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 5 days Europe Braces For End Of Iran Nuclear Deal
  • 5 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
  • 7 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
The New Challenger To Lithium Batteries

The New Challenger To Lithium Batteries

The lithium-ion battery is head…

How OPEC Continues To Cheat On Its Own Deal

How OPEC Continues To Cheat On Its Own Deal

OPEC oil production has once…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Vestas Cancel Plans to Build New Wind Turbine Factory in UK

The UK wind sector has been dealt a blow as Vestas has announced that they will scrap their plans to build a new wind turbine factory in the Port of Sheerness.  The plans to build the large-scale wind turbine manufacturing plant, where Vestas would build their new V164 7MW offshore wind turbine model, were laid last year when they acquired the rights to the necessary land in Kent.

In a joint statement by Vestas and the Port of Sheerness the project was cancelled until further notice due to the lack of concrete orders placed for the new turbine. A Vestas spokesman explained that “such a factory is conditional on concrete orders in our order book and we have not announced any signed orders at this point. We want a good pipeline of orders before we advance further and we do not have that at this point in time.”

However Vestas were also keen to reassure the UK government that they are not giving up on the UK wind power sector, which is due to start installing another wave of offshore wind farms in 2014, using some of the largest wind turbines ever built.

Juan Araluce, chief sales officer at Vestas, said that “Vestas’ strong commitment to the development of both the offshore and onshore wind industries is not affected by this decision. We will remain active across the two markets in the UK as they both continue to show considerable potential.”

With the plans for the new factory side-lined Vestas will now produce their new V164 7MW prototype turbine at its original facility on the Isle of Wight, with the installation scheduled for 2014 in Denmark. Full-scale production of the turbine will not begin until the market has developed, and orders have picked up.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News