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Wind Turbine Plant in Pacific Northwest May Stall.
Knight Ridder/Tribune Business News, August, 2002
By Scott Learn and Allan Brettmann, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News
Aug. 27--A downturn in U.S. demand for wind turbines and an uncertain future for U.S. wind energy tax credits could delay Vestas Wind Systems' construction of a manufacturing plant in Portland or Washington state.
Late last week, the Danish company reported a sharp drop in earnings for the first six months of the year, leading to a 31 percent fall in its stock price on the Copenhagen exchange. The company attributed the poor performance primarily to flagging U.S. sales, which fell 91 percent from the same period last year.
Vestas, the world's largest wind-turbine maker with 5,800 employees, announced in April that it was entering into...
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