Vestas is ordered to keep providing turbines to Argentine firm

10/28/2012 | Bloomberg Businessweek

A judge in Argentina ordered subsidiaries of Vestas Wind Systems to continue supplying turbines to a project by energy company Genneia. Vestas must fulfill a contract obligation, even though Genneia has not paid a $19.8 million service fee in dollars because of difficulty securing foreign currency. Genneia offered to pay in pesos and has sought permission from the Central Bank of Argentina to purchase dollars.

View Full Article in:

Bloomberg Businessweek

Published in Brief: