Q&A: Vestas' Morten Albaek - Part 1

The chief marketing officer of Vestas discusses why Australia could easily hit the RET target, the tough global market, and why turbine prices will remain steady but overall costs will decline such that grid parity is in sight.

Below is an edited transcript of an interview with Vestas Chief Marketing Officer Morten Albaek, where he discusses:

-- The importance of the Australian market to Vestas;

-- Why wind parity will hit grid parity in the not-too-distant future;

-- The wind sector's financial struggles and whether there is a way out soon;


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