Vestas Q2 profits disappoint, so large Mexican deal is a welcome tonic

Global energy company announces decrease in earnings compared to last year

Stephen Gadd

Aug 17, 2017

Energy giant Vestas has announced a 14 percent decrease in revenue compared to the same period last year.

Over the second quarter of 2017, Vestas only made 2.2 billion euros (16.3 billion kroner). The net result also fell by a third to 186 million euros (1.38 billion kroner).

READ ALSO: Vestas has wind in its sails and the plaudits come blowing in

All eyes on Mexico
However, today’s news that the Mexican energy firm Zuma Energía has placed a firm order for the construction of the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, Mexico – one of the largest wind power projects in Latin America – should steady the ship somewhat.

The order includes the supply and installation of the wind turbines as well as a 15-year service contract.

Delivery of the wind turbines is expected to begin late in 2017, with the commissioning expected in 2018.

“Mexico is undergoing a historic moment in its energy policy and we are extremely pleased to play an active role in this process,” said Adrián Katzew, the CEO of Zuma Energía.

“By building Mexico’s largest wind park with Vestas’ turbines we are taking a bold step in the country’s transition towards renewables.”

Becoming a stranger in your own country

Many stories are heard about internationals moving to Denmark for the first time. They face hardships when finding a job, a place to live, or a sense of belonging. But what about Danes coming back home? Holding Danish citizenship doesn’t mean your path home will be smoother. To shed light on what returning Danes are facing, Michael Bach Petersen, Secretary General of Danes Worldwide, unpacks the reality behind moving back
EU Foreign Ministers meet in Denmark to strategize a forced Russia-Ukraine peace deal

Foreign ministers from 11 European countries convened on the Danish island of Bornholm on April 28-29 to discuss Nordic-Baltic security, enhanced Russian sanctions, and a way forward for the fraught peace talks between Kyiv and Moscow
How small cubes spark great green opportunities: a Chinese engineer’s entrepreneurial journey in Denmark

Hao Yin, CEO of a high-tech start-up TEGnology, shares how he transformed a niche patent into marketable products as an engineer-turned-businessman, after navigating early setbacks. “We can’t just wait for ‘groundbreaking innovations’ and risk missing the market window,” he says. “The key is maximising the potential of existing technologies in the right contexts.”
Gangs of Copenhagen

While Copenhagen is rated one of the safest cities in the world year after year, it is no stranger to organized crime, which often springs from highly professional syndicates operating from the shadows of the capital. These are the most important criminal groups active in the city
“The Danish underworld is now more tied to Scandinavia”

Carsten Norton is the author of several books about crime and gangs in Denmark, a journalist, and a crime specialist for Danish media such as TV 2 and Ekstra Bladet.
Right wing parties want nuclear power in Denmark

For 40 years, there has been a ban on nuclear power in Denmark. This may change after all right-wing parties in the Danish Parliament have expressed a desire to remove the ban.

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Career

Inside Denmark’s innovation engine

With half of its staff being international, the BioInnovation Institute reflects Denmark’s broader transformation into a global innovation hub. But can the country—and Europe—keep up the pace? “If reforms are made now, we can close the gap in ten years,” explains BII’s CEO
International designers struggle to find jobs in Denmark

Many internationals come to Denmark to work as designers, but the field appears to be one of the hardest to break into. The Copenhagen Post spoke with two internationals struggling to find their way into the industry.
This rural town in Denmark has a 17 percent international workforce — Here’s how

With a low unemployment rate and aging population, the municipality is actively recruiting workers from abroad to fill essential roles and support long-term growth

Want to advertise your job with CPH Post?

Jobs

Business analyst- Scoutz