Vestas bets on geared turbines to propel it to margin goal [Reuters]
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Source: Reuters
Vestas bets on geared turbines to propel it to margin goal | Reuters 5 Min Read FRANKFURT (Reuters) - Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday. The world’s biggest turbine maker said it targeted a operating profit margin of 9-11 percent in 2018. While this represented a modest decline it was far higher than expected by analysts who forecast about 7-8 percent due to cost pressures in a wind power sector facing a drop in the government subsidies that have cradled it since the early 1990s. One of the main reasons Vestas expects to hit that goal, two sources close to the Danish company told Reuters, is its exclusive focus on manufacturing turbines that use a gearbox to amplify the energy transmitted from the rotor to the generator, and its rejection of rival direct-drive technology. This strategy diverges from its major competitors who either manufacture both or focus solely o
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