Vestas is out of the red: Denmark’s wind turbine developer Vestas has surpassed 4Q expectations gaining profits again after a low period, Reuters reports. Profits were up to EUR 191 mn, compared to a EUR 514 mn loss in 2022. Shareholders won’t be seeing any dividends as profits were too low for a substantial amount. The wind energy sector has been facing setbacks all around with challenges such as supply chain disruptions and higher material costs impacting the industry's performance.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • TotalEnergies will help ONGC track methane emissions: India’s Oil and Natural Gas Corporation (ONGC) has inked an agreement with French energy giant TotalEnergies to use the Total’s drone tech to detect and measure methane emissions from its operations.. (Statement)
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