Energy, Utilities & Water  September 6, 2013

Wind industry suffers blows but forecasts growth

In the past eight months, three major wind-energy players in Northern Colorado have seen sharp declines in their business.

• In the second quarter, Vestas Wind Systems A/S (OMX: VWS), based in Aarhus, Denmark, saw a dramatic acceleration in losses. Its $83 million loss was up from $10.7 million during the same period a year earlier. Vestas has four factories in Colorado: one in Windsor, two in Brighton and one in Pueblo.

• Stamford, Conn.-based Hexcel Corp. (NYSE: HXL), which operates a plant in Windsor that supplies the nearby Vestas factory, saw a 35 percent decline in its wind business during the…

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