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Chilly winds for turbine-maker Vestas

Shares in Vestas Wind Systems, the world's largest wind turbine maker, have fallen 23% after it reported a second-quarter loss and cut its sales forecast.

The Danish firm posted net losses in the second quarter of 119m euros ($153m; £98m), down from a profit of 43m euros a year ago.

The company blamed the results on delays in orders from the US, Spain and Germany.

Nigel Cassidy reports.

  • 18 Aug 2010