Germany: ABB’s Offshore Wind Projects to Proceed as Planned

According to the Financial Times Deutschland, Swiss engineering compay  ABB is expecting its offshore wind projects to advance as planned, without  delays.

Peter Terwiesch, head of ABB in Germany, said that profit margins for the projects are in a “normal development corridor.”

Contrary to Siemens whose power-transmission unit reported a loss of EUR 169 million in the second quarter, ABB announced EBIT USD 1.05 billion.

[mappress]

Offshore WIND staff, April 27, 2012; Image: ABB