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Vestas Q2 profits disappoint, so large Mexican deal is a welcome tonic

Stephen Gadd
August 17th, 2017


This article is more than 7 years old.

Global energy company announces decrease in earnings compared to last year

When up and running, the Mexican project could soon blow the financial blues away (photo: LutzBruno)

Energy giant Vestas has announced a 14 percent decrease in revenue compared to the same period last year.

Over the second quarter of 2017, Vestas only made 2.2 billion euros (16.3 billion kroner). The net result also fell by a third to 186 million euros (1.38 billion kroner).

READ ALSO: Vestas has wind in its sails and the plaudits come blowing in

All eyes on Mexico
However, today’s news that the Mexican energy firm Zuma Energía has placed a firm order for the construction of the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, Mexico – one of the largest wind power projects in Latin America  – should steady the ship somewhat.

The order includes the supply and installation of the wind turbines as well as a 15-year service contract.

Delivery of the wind turbines is expected to begin late in 2017, with the commissioning expected in 2018.

“Mexico is undergoing a historic moment in its energy policy and we are extremely pleased to play an active role in this process,” said Adrián Katzew, the CEO of Zuma Energía.

“By building Mexico’s largest wind park with Vestas’ turbines we are taking a bold step in the country’s transition towards renewables.”


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”