Vestas nixes Polish wind turbine plant on weak European demand

3 hours ago 1
Rope access technicians rappelling down to working on blade of wind turbine and preparing rope protectors on the rope.

CharlieChesvick/E+ via Getty Images

Vestas Wind Systems (OTCPK:VWDRY) -0.7% in European trading Monday after saying it stopped development of a major factory in Poland to produce blades for offshore wind turbines, citing higher costs from materials and weaker than expected demand.

"The development is

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