Vestas says turbines are big enough
Vestas’ CEO said in an interview that wind turbines are big enough for now. We believe a key investor concern surrounding WTIV companies (Cadeler, Eneti) has been that turbine sizes will outgrow vessel capabilities (as they have in the past), and that Vestas now signalling a slowdown of growth could ease this concern. Hence, we consider the comments from Vestas to be positive for WTIV companies as it reduces the risk of the current high-end installation assets becoming obsolete.
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.
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