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More from Bloomberg.com: Elon Musk `Stepping on Toes' in Space Race, Russia Official Says Vestas, based in Denmark, and Spain’s Gamesa are also the fourth- and fifth-biggest risers in the Stoxx 600 Index of European companies, which doesn’t include Germany’s Nordex. In percentage terms, those gains are still smaller than in 2013 when the three manufacturers were rebounding from near-historic lows. Vestas rose fivefold in value that year, Gamesa quadrupled and Nordex tripled. Still, with this year’s gains, Gamesa is trading near its highest level since 2009; Vestas is at levels not seen since 2008 and Nordex’s shares are trading at prices last recorded in 2007. More from Bloomberg.com: China Sends Japan a ‘Don't Meddle’ Message Via an Ex-Navy Ship The International Energy Agency says renewable energy will overtake coal as the largest source of electricity by the early 2030s. In 2014, clean power accounted for 85 percent of the increase in generation worldwide, and from 2015 through 2040, the 3,600 gigawatts of new renewable capacity will outstrip additions of all other forms of generation combined, the agency forecasts. In December, clean energy received a boost when envoys from 195 nations sealed a global deal on climate change that will see nations ratchet up pledges to limit greenhouse gases every five years. On Dec. 18, the U.S. Congress passed a budget deal that renewed incentives for both wind and solar power for five years, giving the technologies the predictability they’ve lacked in recent years. “Santa came early this year in the U.S.,” said Hostert. “This is really a big deal: it could generate at least $25 billion in new tax incentives, plus a degree of policy certainty that until now has been unavailable to U.S. developers, investors and utility resource players.” More from Bloomberg.com Read Europe's Turbine Manufacturers Doubling in Record Year for Wind on bloomberg.com
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Vestas Wind Systems
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CODE : VWS.CO |
ISIN : DK0010268606 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vestas is a development stage company based in Denmark. |