Published on January 2nd, 2013 | by Nicholas Brown5
Vestas & Gamesa Get Big Boost From U.S. Wind Tax Credit Extension
Vestas is headquartered in Denmark, but the U.S. is a very significant market for the wind turbine leader. Based on the positive wind power news, shares in the Aarhus-based company increased by as much as 13%, the most in five weeks. As of 12:52pm Copenhagen time, they were up 8.7%, at 34.64 kroner.
Gamesa Corp. Tecnologica SA, another big wind turbine company (this one based in Spain), jumped as much as 7.8%, which was the most in four months. And German wind turbine company Nordex SE (NDX1) saw its shares increase by 4.8%.
“It’s really good news for Vestas, because the American market and how it develops is extremely important,” Chief Marketing Officer Morten Albaek said today in a phone interview. “It’s a good way of starting the new year.”