Vestas Wind Systems A/S (VWS.KO) expects southern Europe's sovereign debt crisis to continue to impact sales from the Mediterranean region this year and is banking on growth potential for wind power in the Middle East and North Africa to make up for muted sales from those markets in the coming few years, a senior executive said Monday.

Juan Araluce y Martinez de Azagra, president of Vestas Mediterranean, also said in an interview that the world's largest wind-turbine manufacturer was in talks with the government of Saudi Arabia, the Arab world's largest economy, about potential projects.

Vestas is also in ongoing discussions with Algeria, Morocco, and Egypt on contracts for expanding installed capacity in those countries, although some development plans in the region are on hold until political turmoil settles down, Azagra said on the sidelines of the World Future Energy Summit in Abu Dhabi

"I expect positive surprises coming from Saudi Arabia, that they will embark on large-scale projects," he said.

Διαβάστε ακόμα