Vestas Backs Its $1 Billion Worth of Wind Projects in Colorado
Former Marine Dennis Hicks of Loveland is a manager for Vestas in Windsor, supervising 123 production workers. (Helen H. Richardson, The Denver Post)
By Mark Jaffee/ Excerpted from the Denver Post article, September 2, 2009
The Windsor plant was originally slated to have 450 employees but will have 650 by next year, according to the company …
The global recession and credit crunch have hobbled Vestas, which reported a 34 percent drop in profit to $61 million in the second quarter compared with a year earlier. But leading the way in sales in the first six months was the U.S., with about 15 percent of the megawatt capacity sold, according to the company.
While orders have dwindled since last October, a new program of rebates and tax credits, which went into effect July 31, could revive the market …
READ THE COMPLETE STORY HERE.
Filed Under: ARCHIVES • Corporate Updates • Feature Articles
Tags: colorado • Colorado wind energy • Vestas Wind Systems • Windsor
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