Is the wind industry still a safe bet for investors?
It also announced that it had been awarded a contract to supply turbines for Europe’s largest ever onshore wind project in Norway. Vesta puts the turnaround down to its pursuit of a strategy to drive down the cost of energy while driving up revenue from servicing turbines, rather than production and development alone. In December, the company acquired US wind provider UpWind Solutions, followed two months later by the German firm Availon. For investors who seek long-term, low-risk investments, the 20-year lifespan of an onshore wind farm is an attractive prospect.