Goldman Sachs says Vestas is its pet wind energy share  

2007.06.05
Leading global finance company Goldman Sachs says Denmark's Vestas Wind Systems, the world's leading wind turbine manufacturer, is its favourite wind energy share
Leading global finance company Goldman Sachs says Denmark's Vestas Wind Systems, the world's leading wind turbine manufacturer, is its favourite wind energy share. Jason Channel, wind analyst at Goldman Sachs says to Bloomberg News: "Our favourite share is Vestas. The company is not only clearly the largest player, it also has the largest geographical spread."
 
Over the last 12 months, Vestas shares have increased by 159%, while Gamesa shares increased by 70%. Michael McNamara, wind analyst at Jefferies International, an investment bank and institutional securities firm, says: "Wind energy is cheaper than solar energy, and it's a less risky investment. The demand for quality turbines is so large, that we will not see demand decrease for several years."
 
Vestas itself is also maintaining a positive outlook provided that the price of oil stays high. Peter Kruse, head of information at Vestas says to Bloomberg News: "We can compete with oil as an energy form so long as the price is USD 45 or more per barrel." Most oil analysts forecast that the price on oil will fluctuate between USD 55 and 75 per barrel over the next two years.
 
Vestas Wind Systems is headquartered in Randers, Jutland, and employs over 12,000 people worldwide. Vestas has production facilities in Denmark, Germany, China, India, Italy, UK, Spain, Sweden, Norway and Australia and is constructing a turbine blade factory in Colorado, USA. In 2006, Vestas Wind Systems generated revenues of DKK 28.7 bn (USD 5.1 bn). The news was reported by financial daily newspaper Børsen.
 

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