Report
Martin Huseby Karlsen
EUR 88.42 For Business Accounts Only

Vestas launches 15MW offshore wind turbine

This morning, Vestas launched a 15MW offshore wind turbine, the largest turbine currently announced. We believe the turbine’s hub height is at least 10m greater than the Siemens Gamesa turbine launched in May and potentially somewhat heavier, putting further limitations on the capabilities of turbine installation fleet. Although expected in the market for some time, we view the new turbine as confirmation of ever-larger offshore wind turbines and the need for a higher-spec installation fleet. With high-spec turbine installation newbuilds ordered and planned, respectively, we believe OHT and Cadeler (also owning two upgradable units) will benefit from this development.
Underlyings
Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Martin Huseby Karlsen

Other Reports on these Companies
Other Reports from DnB Markets

ResearchPool Subscriptions

Get the most out of your insights

Get in touch