Company News

    • 18:51 - 30 Sep 2014

      Vestas receives 49 MW order for Kiyú wind power plant in Uruguay, strengthening its market-leading position

      Vestas has received an order for 16 V112-3.0 MW turbines for the Kiyú wind farm in Uruguay. The wind turbines are scheduled to be delivered in the first quarter of 2015 and commissioned by the end of the year. The order has been placed by Taxway S.A., fully owned by Spain-based Grupo Cobra.

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      Vestas has received an order for 16 V112-3.0 MW turbines for the Kiyú wind farm in Uruguay. The wind turbines are scheduled to be delivered in the first quarter of 2015 and commissioned by the end of the year. The order has been placed by Taxway S.A., fully owned by Spain-based Grupo Cobra.

      The 49 MW contract comprises delivery, installation and commissioning of the turbines as well as a five-year service agreement (AOM 4000), which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as enable Vestas to carry out predictive maintenance so the turbines are operational for the maximum amount of time.

      Once installed, the Kiyú wind power plant will have an estimated annual production of approximately 187,000 MWh, generating green electricity for more than 170,000 people in Uruguay, roughly five per cent of the country’s population.

      Marco Graziano, President of Vestas Mediterranean says: “With this project Vestas further consolidates its leadership in the Uruguayan market and further strengthens its position in the whole of Latin America. He continues: “We look forward to continue strengthening the collaboration with Grupo Cobra in this and future projects.”

      As of 30 June 2014, Vestas has delivered 1,280 units of V112-3.0/3.3 MW turbines worldwide representing a total capacity of 3,867 MW.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas installed its first turbine in Uruguay in 2008, and has since installed 140 MW.  Vestas has been operating in Latin America for the past two decades and has sales offices in Chile, Brazil and Mexico.  As of 30 June 2014, Vestas has delivered more than 1,800 MW to Latin America and Caribbean.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact:

      Michael Zarin
      Head of External Communications & Media Relations
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      Irene Rodriguez Alvarez
      Communication Partner, Vestas Mediterranean
      Tel.: +34 91 362 8113
      Email: irral@vestas.com

      Download news release (pdf)

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      13:16 - 30 Sep 2014

      Vestas receives 79 MW order in Sweden

      Fred. Olsen Renewables orders 24 V112-3.3 MW turbines for wind power project

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      Fred. Olsen Renewables orders 24 V112-3.3 MW turbines for wind power project

      With reference to Vestas Wind Systems A/S’ company announcement No. 36/2014 of 30 September 2014, Vestas has received a firm and unconditional order for 24 V112-3.3 MW turbines including Vestas De-icing System (VDS) for a wind power project in Sweden. The wind power plant Fäbodliden, with a total capacity of 79.2 MW, will be installed in Västerbotten. Turbine delivery is planned to begin in the third quarter of 2015 with commissioning expected in the fourth quarter of 2015.

      The contract includes supply, installation and commissioning of the 24 V112-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a three-year full-scope service agreement (AOM 4000).

      Today’s order with Fred. Olsen Renewables constitutes another milestone for Vestas in the Swedish market. We look forward to the execution phase of the project,” says Klaus Steen Mortensen, President of Vestas Northern Europe, who notes further, “The Vestas De-icing System is proving to be a popular option for projects in cold climates.”

      About the Vestas De-icing System
      Easily serviceable from within the hub and inside the blade, VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage.

      VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice buildup occurs.  VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy. The system can be triggered automatically or manually, ensuring customers have full monitoring control of the system.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Today, Vestas has delivered about 1,500 wind turbines, totalling more than 2,200 MW, to Sweden.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      Download news release (pdf)



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      12:45 - 30 Sep 2014

      Vestas receives 79 MW order in Sweden

      Vestas has received a firm and unconditional order for 24 V112-3.3 MW turbines including Vestas De-icing System (VDS) for a project in Sweden.

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      Vestas has received a firm and unconditional order for 24 V112-3.3 MW turbines including Vestas De-icing System (VDS) for a project in Sweden.

      Additional information about the project

      Customer: Fred. Olsen Renewables
      Project name: Fäbodliden
      Location/Country: Västerbotten, Sweden
      Number of MW: 79.2 MW
      Number of turbines/turbine                24 x V112-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The order comprises supply, installation and commissioning of the wind turbines and includes the Vestas De-icing System. In addition, the order includes a VestasOnline® Business SCADA solution as well as a 3-year Active
      Output Management (AOM 4000) service agreement.
      Time of delivery Turbine delivery is planned to begin in Q3 2015 with commissioning expected in Q4 2015.

      Total year-to-date announced order intake in MW: 3,675 MW (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Northern Europe, Sweden
      Klaus Steen Mortensen, President 

      For more information, or to arrange an interview with Klaus Steen Mortensen, please contact:

      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526

      A news release from Vestas Northern Europe regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      12:30 - 25 Sep 2014

      Vestas receives 16.5 MW order in Finland; is the first commercial project to include Vestas De-icing System in Finland

      Featuring five V112-3.3 MW turbines, the Puuska II wind energy project will be the first commercial project in Finland to utilise the Vestas De-icing System (VDS).

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      Featuring five V112-3.3 MW turbines, the Puuska II wind energy project will be the first commercial project in Finland to utilise the Vestas De-icing System (VDS).

      The order was placed by Rajakiiri Oy, a Finnish wind power company owned by energy and industrial enterprises EPV Energia Oy, Outokumpu Oyj, Oy Katternö Kraft Ab, and Rautaruukki Oyj.

      Vestas De-icing System (VDS) will improve the business case for the 16.5 MW wind energy project Puuska II, which is located in cold climate region around Tornio, Finland. 

      In addition to the VDS, the contract includes supply, installation and commissioning of the five V112-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a six-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an all-inclusive comprehensive energy-based service agreement, which offers maximized output by performing the service and maintenance in low-wind periods. 

      The wind turbine delivery is expected at the beginning of second quarter of 2015 with commissioning expected to be completed at the end of the second quarter of 2015.  

      Vestas is extremely pleased that Rajakiiri Oy has placed this order with us,” states Klaus Steen Mortensen. He continues: “Vestas’ track record and technology means we can offer our customers a strong business case for their wind power plants. Vestas De-icing System ensures we can offer our customer a solution to reduce the risk of icing and ensure maximum production.”

      Today, Vestas has installed 65 turbines, totalling 100 MW, in Finland. Vestas cumulative market share in Finland is 22 per cent.

      About Rajakiiri
      Rajakiiri Oy is a wind power generation company owned by Finnish energy and industrial enterprises. Our goal is to build offshore and onshore wind power in Finland. That way, our company is contributing to Finland’s targets of increasing renewable energy while supplying our owners with electricity generated by wind power at cost price. Rajakiiri is jointly owned by EPV Energia Oy, Oy Katternö Kraft Ab, Outokumpu Oyj and SSAB. www.rajakiiri.fi

      About the Vestas De-icing System
      Easily serviceable from within the hub and inside the blade, VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage.

      VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice buildup occurs.  VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy. The system can be triggered automatically or manually, ensuring customers have full monitoring control of the system.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact:
      Christina Buttler, Communications Partner Northern & Central Europe
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Download news release (pdf)

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      19:40 - 23 Sep 2014

      Vestas receives 110 MW order in Texas

      Vestas has received an order for 55 V110-2.0 MW turbines for the Los Vientos V project in Texas. The order is a follow-on to the 200-MW Los Vientos III and 200 MW Los Vientos IV projects announced in September 2013.

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      Vestas has received an order for 55 V110-2.0 MW turbines for the Los Vientos V project in Texas. The order is a follow-on to the 200-MW Los Vientos III and 200 MW Los Vientos IV projects announced in September 2013.

      With reference to Vestas Wind Systems A/S’ company announcement No. 35/2014 of 23 September 2014, Vestas has received  a firm and unconditional order in the United States for 55 V110-2.0 MW turbines corresponding to 110 MW. The order was placed by Duke Energy Renewables.

      Almost one year ago, Vestas and Duke Energy Renewables announced their partnership on Los Vientos III and IV,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Today’s announcement brings our total presence in the Los Vientos complex to 510 MW. Duke Energy is one of the top wind players in the competitive U.S. market, and we look forward to continuing to build on the excellent partnership between our two companies.” 

      With an expected completion date in late 2015, Los Vientos V will produce enough emissions-free electricity to power about 33,000 homes.

      We are pleased to deepen our partnership with Vestas as we continue to strategically grow our presence in South Texas,” said Greg Wolf, president of Duke Energy Renewables. “Once completed, Los Vientos III, IV and V will bring the company’s total wind-generated capacity to more than 2,100 MW, reinforcing our long-term commitment to wind energy.”

      The order comprises supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM 5000) service agreement.   

      About Vestas
      Since 1979, Vestas has supplied more than 52,000 wind turbines and over 62 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,667 turbines to the United States and 1,616 to Canada. Combined, Vestas’ installed capacity is 14,325 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 17,500 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon. 

      Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      About Duke Energy Renewables
      Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 15 wind farms and 21 solar farms in operation in 12 states, totaling about 1,800 megawatts in electric-generating capacity. Learn more at www.duke-energy.com/renewables.

      Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.

      For more information, please contact:
      Tammie McGee, Duke Energy Communications & Media Relations
      Tel: 1-980-373-8812
      Email: tammie.mcgee@duke-energy.com

      Download news release (pdf)

       

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      19:10 - 23 Sep 2014

      Vestas receives 110 MW order in Texas

      Vestas has received a firm and unconditional order in the United States for 55 V110-2.0 MW turbines corresponding to 110 MW.

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      Vestas has received a firm and unconditional order in the United States for 55 V110-2.0 MW turbines corresponding to 110 MW.

      Additional information about the project:

      Customer: Duke Energy Renewables
      Project name: Duke Los Vientos V
      Location/Country: Texas, USA
      Number of MW: 110
      Number of turbines/turbine type 55 x V110-2.0 MW
      Contract type: Supply only
      Contract scope: The order comprises supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM 5000) service agreement
      Time of delivery Expected completion date in late 2015

      Total year-to-date announced order intake in MW: 3,579 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf) 

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      18:30 - 05 Sep 2014

      Information in the market regarding project in the USA

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      Today, there is information in the market regarding a 200 MW project in the USA.

      As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans M. Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download Company Announcement (pdf)

       

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      23:55 - 03 Sep 2014

      Information in the market regarding project in the USA

      Today, there is information in the market regarding a 110 MW project in the USA.

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      Today, there is information in the market regarding a 110 MW project in the USA.

      As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this. 

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans M. Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download Company Announcement (pdf)

       

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      09:30 - 03 Sep 2014

      Vestas wins 42 MW order in Poland

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      ERG Renew orders 21 V90-2.0 MW turbines for wind power project in the province of Radziejów

      Vestas has received a firm and unconditional order for 21 V90-2.0 MW turbines for a wind power project in kujawsko-pomorskie in the province of Radziejów. The order was placed by ERG Renew, the leading wind energy operator in Italy and one of top 10 operators in Europe.

      The wind power plant will be installed in the province of Radziejów in kujawsko-pomorskie. The wind turbine delivery is expected in the second quarter of 2015 with commissioning expected to be completed in the third quarter of 2015.   

      The contract includes supply, installation and commissioning of the 21 V90-2.0 MW turbines, along with a VestasOnline® Business SCADA solution. 

      Vestas is pleased that our valued customer ERG Renew has chosen us to partner with them to develop a wind power project in Poland,” says Klaus Steen Mortensen, President of Vestas Northern Europe. “As a business partner Vestas will ensure a flawless execution of the project to maximize the business case for ERG. It is a long-term partnership we embark on every time we sign an order for Vestas turbines.”

      Today, Vestas has delivered about 540 wind turbines, totalling more than 1,100 MW, to Poland.  

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels: 

      For more information, please contact: 
      Christina Buttler, Communications Partner Northern & Central Europe
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

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      16:30 - 01 Sep 2014

      Vestas receives 58 MW order in Poland, bolstering its leading position in key market

      EDF Energies Nouvelles orders 29 V100-2.0 MW turbines for wind power project in Rzepin

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      EDF Energies Nouvelles orders 29 V100-2.0 MW turbines for wind power project in Rzepin.

      Vestas has received a firm and unconditional order for 29 V100-2.0 MW turbines for a wind power project in Poland. The order was placed by EDF Energies Nouvelles (EDF EN), a leader in renewable energy power generation.

      The wind power plant is one of the largest in the north-western part of Poland and will be installed in the province of Lubuskie near Rzepin. The wind turbine delivery is expected to begin in the first quarter of 2015 with commissioning expected to be completed in the fourth quarter of 2015. This project is a part of the Frame Agreement signed between EDF EN and Vestas for Europe and the USA in 2011. 

      The EPC contract includes foundation works, supply, installation and commissioning of the 29 V100-2.0 MW turbines, along with a VestasOnline® Business SCADA solution and a two-year service agreement (AOM 4000).

      It is a pleasure for us to announce another large order for Poland and to further build on the long-term partnership with our highly-valued customer EDF EN. We are happy to be chosen as the wind turbine supplier and service provider for these wind power plants and to consolidate our market leadership in Poland,” says Klaus Steen Mortensen, President of Vestas Northern Europe.

      Today, Vestas has delivered about 540 wind turbines, totalling more than 1,100 MW, in Poland. 

      About the V100-2.0 MW
      The V100-1.8/2.0 MW turbines allow our customers to increase productivity by opening up low- and medium-wind sites which were previously regarded as non-viable. To maximise power output at such locations, the wind turbines' 100 m rotor gains more from the available wind – starting at an incredibly low 3 m/s. Thanks to the 49 m blades, the wind turbines deliver a notable rotor-to-generator ratio producing a remarkable capacity and yield at low- and medium-wind sites.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact
      Christina Buttler, Communications Partner Northern & Central Europe
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Download pdf

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      12:20 - 29 Aug 2014

      Vestas receives 30 MW order, strengthening market position in Finland

      Vestas customer reconcept GmbH places 30 MW order for nine V126-3.3 MW turbines, featuring Vestas’ Large Diameter Steel Towers (LDST) that allow for taller hub heights and therefore greater annual energy production at low wind speeds.

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      Vestas customer reconcept GmbH places 30 MW order for nine V126-3.3 MW turbines, featuring Vestas’ Large Diameter Steel Towers (LDST) that allow for taller hub heights and therefore greater annual energy production at low wind speeds.

      The Ylivieska Pajukoski project in the Ylivieska region in Finland will feature the increasingly popular V126-3.3 MW turbine atop hub height 137m towers, further validating the Vestas strategy to optimise energy solutions based on well-proven technologies. Ylivieska Pajukoski is the third Vestas project announced this year to utilise the V126-3.3 MW turbine and Large Diameter Steel Towers in Finland, a combination that allows our customers to generate more energy on low wind sites.

      The Ylivieska Pajukoski project includes a 12-year Active Output Management (AOM) 5000 service contract. Delivery and commissioning of the turbines is expected to be completed in the second quarter of 2015.

      Managing Director of reconcept GmbH, Mr Karsten Reetz, says, “We are proud to be the initiator of the Ylivieska Pajukoski wind farm project, and have benefitted immeasurably from our Finnish project partner TM Voima’s and Vestas’ comprehensive know-how. The Finnish state has created an investment-friendly system to support renewable energy, which makes investments such as this project attractive for Finnish as well as foreign investors. We’re already planning our next wind power project in Finland.”

      Vestas looks forward to working closely with reconcept GmbH to build and service their first wind power project in Finland,” says Klaus Steen Mortensen, President of Vestas Northern Europe. “Finland is an important market for Vestas and an increasingly attractive destination for foreign investors.”

      Generating more revenue from low wind sites
      The Ylivieska Pajukoski project features the V126-3.3 MW, which can produce up to 20 per cent more power compared to the V112-3.0 MW on a site with average wind speeds of 6.5 m/s. The towers for the project will be the recently launched Large Diameter Steel Towers, (LDST), a Vestas-patented concept that features a special wider diameter lower section of the tower, resulting in increased strength without adding extra steel. Vestas can thus provide taller towers to customers to optimise power generation at low wind speed sites for the V126-3.3 MW.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. Today, Vestas has installed 65 turbines, totaling 100 MW, in Finland. Vestas cumulative market share in Finland is 22 per cent.  

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

      About reconcept
      Reconcept is a specialist in renewable energy asset investments and based in Hamburg, Germany. The company was founded in 1998 and has successfully placed more than EUR 158m equivalent to a total investment volume of EUR 470m or 500 MW of installed capacity so far. www.reconcept.de

      For more information, please contact 
      Christina Buttler, Communications Partner Northern & Central Europe
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

       

      Download pdf

       

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      09:50 - 21 Aug 2014

      Information in the market regarding offshore project in the UK

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding the Burbo Bank Extension project in the UK comprising V164-8.0 MW turbines.

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      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding the Burbo Bank Extension project in the UK comprising V164-8.0 MW turbines.

      Today there is additional information in the market regarding an offshore project in the UK (ref. company announcement No. 7/2014 of 18 February 2014). 

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding the Burbo Bank Extension project in the UK comprising V164-8.0 MW turbines. 

       As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this. 

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2). 

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President,
      Investor Relations
      Tel.: +45 9730 0000

      Download company announcement (pdf)

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      08:34 - 20 Aug 2014

      Interim financial report, second quarter 2014

      Outlook for 2014: EBIT margin before special items increased to minimum 6 per cent. Second quarter 2014 order intake, revenue and earnings increased compared to the second quarter of 2013.

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      Outlook for 2014: EBIT margin before special items increased to minimum 6 per cent. Second quarter 2014 order intake, revenue and earnings increased compared to the second quarter of 2013.

      In the second quarter of 2014, Vestas generated revenue of EUR 1,341m – an increase of 13 per cent compared to the second quarter of 2013. EBIT before special items increased by EUR 92m to EUR 104m primarily due to improved average project margins and higher volume. The EBIT margin before special items was 7.8 per cent. Net result increased by EUR 156m to EUR 94m and the free cash flow decreased by EUR 218m to EUR (21)m compared to the second quarter of 2013.

      The intake of firm and unconditional wind turbine orders amounted to 1,932 MW in the second quarter of 2014 – an increase of 18 per cent compared to the second quarter of 2013. The value of the wind turbine backlog amounted to EUR 7.4bn at 30 June 2014. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 6.5bn at the end of June 2014. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 13.9bn.

      Vestas upgrades the 2014 guidance on EBIT margin before special items from minimum 5 per cent to minimum 6 per cent based on the improving cost base and the expected delivery plan for the second half of 2014.

      Group President & CEO Anders Runevad said: ”With another solid quarter showing improvements in most areas, we remain focused on executing on our strategy, Profitable Growth for Vestas. Based on the improved cost base and the expected delivery plan for the second half of the year, we raise our 2014 EBIT margin target to minimum 6 per cent.”

      Press and analyst information meeting
      For analysts, investors and the media, an information meeting will be held today, Wednesday, 20 August 2014 at 10 a.m. CEST (9 a.m. BST) at Vestas’ Headquarters, Hedeager 44, 8200 Aarhus N, Denmark.

      The information meeting will be held in English and webcast live via vestas.com/investor.

      The meeting may be attended electronically and questions may be asked through a conference call. The telephone numbers for the conference call are:

      Europe:  +44 208 817 9301
      USA:  +1 718 354 1226
      Denmark: +45 7026 5040

      A replay of the information meeting will subsequently be available from vestas.com/investor.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download the interim financial report for Q2 2014

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      06:30 - 13 Aug 2014

      Vestas and EP Global Energy expand Wind for Prosperity partnership into Africa

      Vestas and EP Global Energy expand Wind for Prosperity partnership into Africa

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      Vestas and EP Global Energy sign Memorandum of Understanding to expand existing Wind for Prosperity collaboration into Africa

      Vestas and EP Global Energy have been working since March 2014 on developing a donor-funded wind farm in Jordan to help the country address its growing energy challenges, which are being exacerbated by the influx of refugees as a result of the ongoing conflict in Syria.   The burdened communities will benefit from the clean, reliable, and locally produced electricity provided by the project to meet the power needs of local consumers.  The project is expected to be completed during 2015. 

      With the signing of the expanded MOU EP Global Energy becomes an official Wind for Prosperity Development Partner for the African continent.  Vestas and EPGE will collaborate to deploy wind-diesel hybrid systems to help improve access to electricity for communities that currently have no or only limited energy infrastructure within Africa and the Middle East.  

      According to Efthyvoulos Paraskevaides, chairman of EPGE, "We are delighted with our expanded alliance with Vestas, to become an official Wind for Prosperity Development Partner within Africa and to further solidify our collaboration with Vestas in our other developments with our focus countries of EMEA.  Bringing clean, cost-effective, and locally produced electricity to those communities that need it most is among our highest priorities, and we look forward to working with Vestas to bring multiple projects to fruition.  We are focused on jointly delivering our donor project for Jordan as a first priority, and to progress our efforts in Africa in parallel.”

      Morten Albæk, Vestas Group Senior Vice President & CMO, concludes, “This agreement is another important milestone – especially for Jordan, which is facing growing challenges in providing clean, affordable, and reliable power.  Our partnership with EP Global Energy continues to expand, and look forward to establishing Wind for Prosperity projects in other markets.”

      The Memorandum of Understanding signed on August 5, 2014, expands on the MOU the parties signed on March 5, 2014 and further solidifies the collaboration between Vestas and EP Global Energy, which also includes the 117 MW Al Tafila project in Jordan, announced in December 2013.

      For more information, please contact:

      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      About EP Global Energy
      EPGE is a privately held energy asset developer. Its mission is to develop, build, and operate a portfolio of power generation assets, comprising mainly a mix of renewable (Wind, Solar, Biomass) and base-load (gas, liquid fuels), in partnership with strategic investors. EPGE has a portfolio of projects at various phases of development in EMENA region. Please visit www.epge.com for more information.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We encourage you to visit our website at www.vestas.com and follow us on social media:
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

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      10:00 - 12 Aug 2014

      Vestas brings passion for the wind to ocean racing, enters Volvo Ocean Race 2014-2015 with first-ever Danish-sponsored boat

      Vestas brings passion for the wind to ocean racing, enters Volvo Ocean Race 2014-2015 with first-ever Danish-sponsored boat

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      “Vestas Wind,” the first-ever Danish boat to compete in the Volvo Ocean Race, will showcase Vestas’ products and services, enhance customer relations and bolster Vestas’ profitable growth strategy on its race around the world.

      Starting in October, the Volvo Ocean Race will embark on its 12th edition, calling at 11 ports and taking sailors on a 38,739-nautical-mile race around the world. By harnessing the power of the wind, Team Vestas Wind will strengthen Vestas profitable growth strategy as the race visits many of Vestas’ most important markets, from Brazil and China, to South Africa, the United States and the Middle East/North Africa region.

      Vestas is well familiar with nautical challenges.  In November 2012, the Vestas Sailrocket 2 broke world speed records, reaching a top speed of more than 68 knots. With this passion for the wind, Vestas CEO Anders Runevad is confident the Volvo Ocean Race will be a success for Vestas.  

      In terms of wind energy and where we have our market focus, the Volvo Ocean Race is a perfect match for us to engage with our customers, showcase our technology and strengthen our brand in some of our most important markets. This supports our new corporate strategy ‘Profitable Growth for Vestas,” says Runevad.

       “Volvo Ocean Race is the world’s preeminent boat race, and as in our business, success hinges on utilizing the wind most effectively,” says Morten Albæk, Vestas Chief Marketing Officer. “This is a privileged opportunity for Vestas to present our industry-leading products as well as create intimate surroundings for our key customers and stakeholders and promote wind energy’s competitiveness.

      The Vestas Wind boat will fly under the Danish flag and have Tuborg Harbor as its official homeport. All crewmembers will be members of the Royal Danish Yacht Club, which will provide its clubhouse for activities and for a “welcome home” gathering in June 2015. Olympian and World Champion sailor Chris Nicholson will skipper the Vestas Wind boat, teaming up with Shore Manager Neil Cox to lead Team Vestas Wind on the round-the-world challenge.  Two Danish sailors, Peter Wibroe and Nicolai Sehested – the youngest Dane ever to participate in the Volvo Ocean Race – will make up part of the eight-man crew.
       
      We invite you to follow Team Vestas Wind’s preparation and progress throughout their journey on http://teamvestaswind.vestas.com, and via our Social Media channels:


      Media availability 

      From 10.30 CET this morning, representatives of Volvo Ocean Race (Knut Frostad, CEO), Team Vestas Wind (Chris Nicholson, Skipper; crew members Peter Wibroe and Nicolai Sehested; and onboard reporter Brian Carlin); Vestas Wind Systems A/S (Morten Albæk, Chief Marketing Officer); and the Royal Danish Yacht Club (Anders Kristensen, General Manager) will be available for media call-in as detailed below.  

      Local media are encouraged to engage with the above principals at the Royal Danish Yacht Club at Tuborg Havnepark 15, Hellerup, 

      A conference call line is established for those media representatives calling in.  Please dial +45 3272 7723 or +44 20 310 64804, followed by Conference ID:  30394905#.  If calling from another country, please refer to the country list here.

      • 10:30 – 11:30 (primarily for international sport and yachting media)
      • 11:30 – 12:00 (primarily for the Danish sport and yachting media)

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      About Volvo Ocean Race
      The Volvo Ocean Race is the world's pre-eminent round-the-world yacht race and one of the most coveted prizes in the sport.  The 12th edition of the Volvo Ocean Race will start on October 4, 2014, the day of the first In-Port Race in Alicante, Spain, and finish with a final  In-Port Race on June 27, 2015 in Gothenburg, Sweden. The 38,739-nautical mile route will include stopovers in Cape Town (South Africa), Abu Dhabi (UAE), Sanya (China), Auckland (New Zealand), Itajaí (Brazil), Newport (Rhode Island, USA), Lisbon (Portugal), Lorient (France) and a 24-hour pit-stop in The Hague (Netherlands) on the final leg to Gothenburg (Sweden).

      Over three million visitors are expected to visit the race villages in the harbour stopovers while the official live stream channel is expected to reach more than seven million viewers.

      For further information please contact:

      Morten Kamp Jørgensen
      Director, Communications & PR, Team Vestas Wind
      Tel: + 45 2237 1433
      Email: mokjo@vestas.com

      Michael Zarin
      Head of External Communications and Media Relations, Vestas Wind Systems A/S
      Tel: +45 4084 1526
      Email: mizar@vestas.com


      Editors’ Notes

      • The next edition of the Volvo Ocean Race will be the 12th running of the 40-year-old event, which started in 1973 as the Whitbread Round the World Race.
      • The race will start on October 4, 2014, day of the first In-Port Race in Alicante, Spain, and finish with a final In-Port Race on June 27, 2015 in Gothenburg, the Swedish home of Volvo.
      • The 38,739-nautical mile route will also include stopovers in Cape Town (South Africa), Abu Dhabi (UAE), Sanya (China), Auckland (New Zealand), Itajaí (Brazil), Newport, Rhode Island (USA), Lisbon (Portugal) and Lorient (France). A 24-hour pit-stop in The Hague is scheduled between France and Sweden.
      • The next two editions will be contested in a new high-performance boat, the Volvo Ocean 65, designed by Farr Yacht Design in the United States and built by a consortium of boatyards in the United Kingdom, France, Italy and Switzerland.
      • The new 65-foot (19.8-metre) monohull racing yachts will be strictly One Design and delivered “ready to sail” for the next two editions of the Volvo Ocean Race. The boats incorporate the latest video, satellite and content production facilities to further enhance the Onboard Reporter programme that has been in place since 2008-09.
      • Six other teams have been publicly announced their participation. The all-female Team SCA are the first all-women's team to compete in the race since 2001-02. Abu Dhabi Ocean Racing are once again skippered Britain's twice Olympic silver medalist Ian Walker. Dongfeng Race Team come from China and are backed by Dongfeng Commercial Vehicle. Team Brunel from the Netherlands are skippered by race veteran Bouwe Bekking. Team Alvimedica with a double flag Turkey/USA are the latest to confirm participation. The youth challenge will be led by All American Ocean Racing. The latest team to announce was the Spanish team that will be led by skipper Iker Martínez. They have yet to announce their title sponsor.
      • The previous Volvo Ocean Race started in October 2011 in Alicante and was won by Groupama sailing team, skippered by Frenchman Franck Cammas, in July 2012.
      • Over three million people are expected to visit the port cities hosting the race while the official live stream channel is expected to reach more than seven million viewers.

       For more information on the Volvo Ocean Race, please visit: www.volvooceanrace.com

      Images: http://images.volvooceanrace.com
      Contact: images@volvooceanrace.com  

      Carmen Hidalgo, Picture Desk and Photography Manager
      Tel +34 682 700 151 / carmen.hidalgo@volvooceanrace.com

      Broadcast:  www.volvooceanrace.com/broadcastroom

      For video enquiries contact:   television@volvooceanrace.com

      Official YouTube channel (embeds):  www.youtube.com/volvooceanracevideos


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      10:15 - 31 Jul 2014

      Vestas receives 53 MW order in Sweden

      Allianz Capital Partners orders 16 V126-3.3 MW turbines for first project in Sweden to use the new Vestas turbine

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      Allianz Capital Partners orders 16 V126-3.3 MW turbines for first project in Sweden to use the new Vestas turbine

      Vestas has received a firm and unconditional order for 16 V126-3.3 MW turbines for a wind power project in Sweden. The order was placed by Allianz Capital Partners, the Allianz Group's in-house investment division for alternative investments. With a combined generation capacity of more than 1,000 MW, Allianz is one of the world's largest financial investors in renewable and wind energy.

      The wind power plant is one of the largest in the southern part of Sweden and will be installed in Sättravallen, east of Kristinehamn. This will be the first project in Sweden to utilise the Vestas V126-3.3 MW turbine. Turbine delivery is planned to begin in the third quarter of 2015 with commissioning expected completed in the fourth quarter of 2015.

      The contract includes supply, installation and commissioning of the 16 V126-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000).

      We are very pleased to be expanding our Swedish portfolio with the addition of Sättravallen and to be working with Vestas to ensure optimal long-term performance of the investment,” says David Jones, Head of Renewable Energy at Allianz Capital Partners.

      Vestas is pleased that our valued customer Allianz Capital Partners has chosen us to partner with them to develop their 52.8 MW wind power plant in Sweden,” says Klaus Steen Mortensen, President of Vestas Northern Europe. “Sweden is an increasingly important market and Vestas’ ability to offer leading technology solutions such as the V126-3.3 MW provides our customers with a competitive value proposition for generating more energy on low wind sites.

      Today, Vestas has delivered about 1,500 wind turbines, totalling more than 2,200 MW, to Sweden.

      About the V126-3.3 MW
      Vestas is continuously optimising our product portfolio to meet customer and market requirements enabling us to deliver the best possible business case for our customers. Beginning of 2013, Vestas announced the V126-3.3 MW and the V117-3.3 MW to the market as further variants of the successful 3 MW platform. They expand Vestas’ portfolio offering efficient wind energy solutions for low, medium and high wind sites.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For more information, please contact
      Christina Buttler, Communications Partner Northern & Central Europe
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

       Download pdf

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      23:35 - 01 Jul 2014

      Vestas receives order for 166 MW under RES Americas master supply agreement in the U.S.

      Renewable Energy Systems Americas Inc. (RES Americas) places order for 83 V100-2.0 MW turbines for the 200 MW Pleasant Valley Wind Project in Minnesota in the United States.

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      Renewable Energy Systems Americas Inc. (RES Americas) places order for 83 V100-2.0 MW turbines for the 200 MW Pleasant Valley Wind Project in Minnesota in the United States.

      With reference to the Vestas Wind Systems A/S company announcement No. 30/2014 of 1 July 2014, Vestas has received a 166 MW order for 83 V100-2.0 MW turbines for the 200 MW Pleasant Valley Wind Project in the U.S. state of Minnesota. The initial 34 MWs were announced in connection with signing the master supply agreement (MSA) in September 2013.

      Today’s order is the final call-off on the September 2013 MSA for multiple U.S. projects, the potential of which totaled 610 MW. With today’s order, Vestas has secured 350 MW directly with RES Americas, with the remaining 260 MW from other parties that purchased the RES Americas projects prior to placing a firm and unconditional order with Vestas (see note below).

      Pleasant Valley will utilize the V100-2.0 MW turbine, which was launched to the market in 2013 and features an improved drive train and generates approximately 13 percent more annual energy production (AEP) than the V90-1.8 MW at medium wind speeds. In addition the order includes a three-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing.

      Vestas is extremely pleased that RES Americas has now finalized the MSA, either through orders placed directly with Vestas or via projects transferred to other customers,”  says Chris Brown, President of Vestas sales and service division in the United States and Canada. He continues: “Vestas’ track record and technology means we can offer our customers a strong business case for their wind power plants, and this order further confirms RES Americas’ confidence in Vestas and the investment certainty we can offer.

      Pleasant Valley will deploy efficient, cutting edge technology to generate carbon-free electricity while providing meaningful cost savings to Xcel Energy’s customers in south-eastern Minnesota,” said Rob Morgan, Chief Development Officer of RES Americas. “We are committed to delivering competitively priced renewable energy, and the technological advances made by leading companies like Vestas, is essential to the wind industry’s ability to continue driving down costs while increasing clean energy production.”

      About the Pleasant Valley project

      Pleasant Valley will have an annual energy production of approximately 804,000 MWh per year, which will avoid up to 419,000 tons of CO2 emissions on an annual basis. Furthermore, the project will provide enough clean energy for the electricity consumption of approximately 176,000 people in the U.S.

      Deliveries and commissioning of the Pleasant Valley project are expected to take place in the fourth quarter of 2015. Vestas factories in Colorado are expected to be involved in the manufacturing of the nacelles, blades and towers for the project.

      Following commissioning of the project, ownership of Pleasant Valley will be transferred from RES Americas to Xcel Energy.

      Note:  Vestas’ original MSA with RES Americas included up to 610 MW in potential orders.  Since this agreement was signed, RES Americas and Vestas have agreed to transfer components used for qualification for the Production Tax Credit (PTC) as well as production slots reserved by RES Americas via the MSA, to other parties, in line with RES Americas’ business model of developing and selling projects.  Vestas has previously announced several of these orders independently and without reference to the original MSA with RES Americas. These MW were part of the original 610 MW potential, previously disclosed by Vestas.  As noted above, 34 MW of the 200 MW project announced today were disclosed in connection with announcing the MSA in September 2013.

      See the table below for details.

      Project name  Project size  Date  Total orders 
      Components announced with MSA agreement 

       60 MW

      20 Sep 2013 

       60 MW

      Origin (sold to Enel) 

       150 MW

      18 Dec 2013

       210 MW

      Keechi Creek (sold to Enbridge) 

       110 MW

      24 Dec 2013 

       320 MW

      Border Winds 

       124 MW

      27 June 2014 

       444 MW

      Pleasant Valley

       166 MW

       1 July 2014

       610 MW

      For more information please contact:
      Michael Zarin
      Head of External Communications, Vestas Wind Systems A/S
      Tel: +45 4084 1526, mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,616 turbines to the United States and 1,611 to Canada. Combined, Vestas’ installed capacity is 14,212 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon.  Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

      About RES Americas
      Renewable Energy Systems Americas Inc. (RES Americas) is a fully-integrated renewable energy company that develops, constructs, owns, and/or operates projects across North America. The company employs approximately 275 full-time professionals working throughout North America, has a construction portfolio of more than 7,000 MW of renewable energy, and offers a full suite of development and construction services for wind, solar, transmission, and energy storage projects. RES Americas’ corporate office is located in Broomfield, CO with regional offices located in Austin, TX and Minneapolis, MN. RES Americas is part of the RES Group, a leading international renewable energy developer.  For more information, please visit www.res-americas.com

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      23:30 - 01 Jul 2014

      Vestas receives 166 MW order in the USA

      Vestas has received a firm and unconditional order for 83 V100-2.0 MW turbines under the RES master supply agreement.

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      Vestas has received a firm and unconditional order for 83 V100-2.0 MW turbines under the RES master supply agreement.

      Additional information about the project

      Customer: RES Americas
      Project name: Pleasant Valley
      Location/Country: Minnesota, USA
      Number of MW: 166 MW
      Number of turbines/turbine type 83 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery and commissioning of the project is expected to take place in the fourth quarter of 2015.

      Total year-to-date announced order intake in MW: 2,704 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      09:35 - 01 Jul 2014

      New board member elected by the employees to join Vestas’ Board of Directors

      New board member elected by the employees to join Vestas’ Board of Directors

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      New board member elected by the employees to join Vestas’ Board of Directors

      Knud Bjarne Hansen, board member elected by the employees, has announced that he will retire from the Board of Directors of Vestas Wind Systems A/S as per 1 July 2014, as Knud Bjarne wants to dedicate all his efforts to supporting Vestas’ joint venture, MHI Vestas Offshore Wind A/S.

      Chief Specialist Kim Bredo Rahbek, employed at Technology and Service Solutions in Aarhus, Denmark, will, consequently, join as new member of Vestas’ Board of Directors.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      18:20 - 28 Jun 2014

      Vestas secures 450 MW for two projects under EDF Renewable Energy master supply agreement in U.S.

      EDF Renewable Energy places order for 75 V110-2.0 MW turbines for the 150 MW Slate Creek Wind Project in Kansas; and for 150 V100-2.0 MW turbines for the 300 MW Roosevelt Wind Project in New Mexico.

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      EDF Renewable Energy places order for 75 V110-2.0 MW turbines for the 150 MW Slate Creek Wind Project in Kansas; and for 150 V100-2.0 MW turbines for the 300 MW Roosevelt Wind Project in New Mexico.

      With reference to the Vestas Wind Systems A/S company announcement No. 28/2014 of 28 June 2014, Vestas has received two orders for a total of 450 MW for two projects in the United States with strategic account EDF Renewable Energy. These orders are call-offs on the master supply agreement (MSA) announced in September 2013 for multiple U.S. projects, the potential of which totals 1,174 MW. With today’s orders, Vestas has secured 944 MW under this MSA. 

      Both projects include three-year Active Output Management (AOM) 5000 service agreements. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing.

      It’s a privilege for Vestas to continue working with a leading global energy company such as EDF Renewable Energy.  Slate Creek will be our first V110-2.0 MW project with EDF RE, and Roosevelt will be the largest wind park in New Mexico,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada.  He continues, “The U.S. market is highly competitive and driven by cost of energy, and we are pleased that EDF Renewable Energy has such confidence in the Vestas 2.0 MW platform, especially for projects of these magnitudes.” 

      EDF Renewable Energy is pleased to be working with Vestas to bring 450 MW of wind facilities in the Southwest Power Pool online by the end of 2015,” said Ryan Pfaff, Executive Vice President of EDF Renewable Energy. “Both the 300 MW Roosevelt and 150 MW Slate Creek wind projects have long-term power purchase agreements in place with creditworthy counterparties, and we look forward to creating new American jobs in New Mexico, Kansas and elsewhere through the construction and long-term operation of the projects.”

      Delivery of the 150 MW Slate Creek project is expected to take place in the third quarter of 2015 with commissioning expected in the fourth quarter of the same year. Delivery of the 300 MW Roosevelt project is expected to take place in the second quarter of 2015 with commissioning expected in the fourth quarter of the same year. Vestas’ factories in Colorado are expected to be involved in the manufacturing of the nacelles, blades and towers for both projects.

      For more information please contact

      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,616 turbines to the United States and 1,611 to Canada. Combined, Vestas’ installed capacity is 14,212 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon.  Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

      Download pdf

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      18:15 - 28 Jun 2014

      Vestas receives orders for a total of 450 MW in the USA

      Vestas has received two firm and unconditional orders comprising a total of 225 wind turbines under the EDF master supply agreement.

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      Vestas has received two firm and unconditional orders comprising a total of 225 wind turbines under the EDF master supply agreement.

      Additional information about the project

      Customer: EDF Renewable Energy
      Project name: Roosevelt and Slate Creek
      Location/Country: New Mexico and Kansas, USA
      Number of MW: 450 MW
      Number of turbines/turbine types: 150 x V100-2.0 MW + 75 x V110-2.0 MW
      Contract type: Supply-only
      Contract scope: Both orders comprise supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery of the Roosevelt project is expected to take place in the second quarter of 2015 and the Slate Creek project is expected delivered in the third quarter of 2015. Both projects are expected commissioned in the fourth quarter of 2015.

      Total year-to-date announced order intake in MW: 2,538 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      22:15 - 27 Jun 2014

      Vestas wins 124 MW order under RES Americas master supply agreement in U.S.

      Renewable Energy Systems Americas Inc. (RES Americas) places order for 62 V100-2.0 MW turbines for the 150 MW Border Winds Project in North Dakota in the United States.

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      Renewable Energy Systems Americas Inc. (RES Americas) places order for 62 V100-2.0 MW turbines for the 150 MW Border Winds Project in North Dakota in the United States.

      With reference to the Vestas Wind Systems A/S company announcement No. 27/2014 of 27 June 2014, Vestas has received an order for 62 V100-2.0 MW turbines for the 150 MW Border Winds Project in North Dakota. The initial 26 MW were announced in connection with signing the master supply agreement (MSA) in September 2013.

      The order is a call-off on the master supply agreement (MSA) announced in September 2013 for multiple U.S. projects, the potential of which totaled 610 MW. With today’s order, Vestas has secured 184 MW directly with RES Americas or their affiliates under this MSA. Vestas has realized 444 MW of the MSA’s total potential of 610 MW, either through orders directly from RES Americas or from other parties who purchased the RES Americas projects prior to placing a firm and unconditional order with Vestas (see note below).

      The Border Winds Project will utilize the V100-2.0 MW turbine, which was launched to the market in 2013 and features an improved drive train and generates approximately 13 per cent more annual energy production (AEP) than the V90-1.8 MW at medium wind speeds. In addition the order includes a three-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing.

      The announcement of the Border Winds Project is another demonstration of the strong relationship between Vestas and RES Americas,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada.  He continues: “Vestas and RES Americas have previously worked together on several projects over the last year, including the 150 MW Origin Wind Project now owned by Enel Green Power, and the 110 MW Keechi Wind Project, now owned by Enbridge, which are being built in 2014 and 2015.”

      RES Americas is committed to providing competitively priced sources of carbon-free electricity from projects such as Border Winds” said Rob Morgan, Chief Development Officer of RES Americas. “The cutting-edge technology developed by leading companies like Vestas is essential to the wind industry’s ability to continue driving down costs while increasing clean energy production, and significantly reducing carbon emissions from our nation’s energy sector.”

      About the Border Winds Project
      The Border Winds Project will have an annual energy production of approximately 643,000 MWh per year, which will avoid the emission of 320,000 tons of CO2 on an annual basis. The project will provide clean energy for the electricity consumption of approximately 141,000 people in the U.S.

      Delivery of the Border Winds Project is expected to take place in the third quarter of 2015 with commissioning expected in the fourth quarter of the same year. Vestas’ factories in Colorado are expected to be involved in the manufacturing of the nacelles, blades and towers.

      Following commissioning, ownership of the Border Winds Project will be transferred from RES Americas to Xcel Energy.

      Note:  Vestas’ original MSA with RES Americas included up to 610 MW in potential orders.  Since this agreement was signed, RES Americas and Vestas have agreed to transfer components used for qualification for the Production Tax Credit (PTC) as well as production slots reserved by RES Americas via the MSA, to other parties, in line with RES Americas’ business model of developing and selling projects. Vestas has previously announced several of these orders independently and without reference to the original MSA with RES Americas. These MW were part of the original 610-MW potential, previously disclosed by Vestas.  As noted above, 26 MW of the 150 MW project announced today were disclosed in connection with announcing the MSA in September 2013.

      See enclosed table for details. 

      Project name  Project size  Date  Total orders 
      Components announced with MSA agreement 

       60 MW

      20 Sep 2013 

       60 MW

      Origin (sold to Enel) 

       150 MW

      18 Dec 2013

       210 MW

      Keechi Creek (sold to Enbridge) 

       110 MW

      24 Dec 2013 

       320 MW

      Border Winds 

       124 MW

      27 June 2014 

       444 MW

      For more information please contact:

      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,616 turbines to the United States and 1,611 to Canada. Combined, Vestas’ installed capacity is 14,212 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon.  Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

      About RES Americas
      Renewable Energy Systems Americas Inc. (RES Americas) is a fully-integrated renewable energy company that develops, constructs, owns, and/or operates projects across North America. The company employs approximately 275 full-time professionals working throughout North America, has a construction portfolio of more than 7,000 MW of renewable energy, and offers a full suite of development and construction services for wind, solar, transmission, and energy storage projects. RES Americas’ corporate office is located in Broomfield, CO with regional offices located in Austin, TX and Minneapolis, MN. RES Americas is part of the RES Group, a leading international renewable energy developer.  For more information, please visit www.res-americas.com

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      22:10 - 27 Jun 2014

      Vestas receives 124 MW order in the USA

      Vestas has received a firm and unconditional order for 62 V100-2.0 MW turbines under the RES Americas master supply agreement.

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      Vestas has received a firm and unconditional order for 62 V100-2.0 MW turbines under the RES Americas master supply agreement.

      Additional information about the project

      Customer: RES Americas
      Project name: Border Winds Project
      Location/Country: North Dakota, USA
      Number of MW: 124 MW
      Number of turbines/turbine type 62 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery of the project is expected to take place in the third quarter of 2015 with commissioning expected in the fourth quarter of the same year.

      Total year-to-date announced order intake in MW: 2,088 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      14:20 - 27 Jun 2014

      Vestas signs 88 MW turbine order in France, with an option for an additional eight MW

      Vestas strategic account customer EDF Energies Nouvelles has ordered 24 V90-3.0 MW turbines and eight V80-2.0 MW turbines for an 88 MW project in France. The order includes an option for an additional two V90-3.0 MW and one V80-2.0 MW turbines.

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      Vestas strategic account customer EDF Energies Nouvelles has ordered 24 V90-3.0 MW turbines and eight V80-2.0 MW turbines for an 88 MW project in France. The order includes an option for an additional two V90-3.0 MW and one V80-2.0 MW turbines.

      With reference to Vestas Wind Systems’ A/S company announcement No. 26/2014 of 27 June 2014, Vestas will supply 24 V90-3.0 MW and eight V80-2.0 MW wind turbines for an 88 MW wind power plant in France, with an option for an additional eight MW, for a total potential of 96 MW.  The order was placed by EDF Energies Nouvelles and is part of the framework agreement signed between EDF EN and Vestas Wind Systems A/S (ref. company announcement No. 29/2011 of 30 June 2011).

      The order comprises supply, installation and commissioning of the wind turbines.  A service agreement is expected to be agreed upon at a later date.

      We are pleased to be working with Vestas on such a landmark project in France, especially for its size and strategic importance. We know that with Vestas, we always have available a competent team devoted to answering our needs and supporting our business development initiatives,” says Antoine Cahuzac, CEO of EDF Energies Nouvelles. 

      This order further strengthens Vestas’ market position in France and reaffirms the competitiveness of our technology and our team," says Juan Araluce, Chief Sales Officer at Vestas Wind Systems A/S.  He continues, “Vestas and EDF EN are driven by the same mission – to further develop wind power around the globe and to make it an even more competitive source of energy.”

      About Vestas in France
      As of 31 March 2014, Vestas, the leading wind turbine manufacturer in France in 2013, has delivered to the French market a total of more than 1,800 MW. Vestas has sales offices in Paris and Montpellier and a network of eight service centres throughout the country to ensure the highest availability and power production of the wind power plants. Today, Vestas France employs more than 250 people.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind power energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For media inquiries, please contact
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526
      Email:  mizar@vestas.com

      Download pdf

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      14:15 - 27 Jun 2014

      Vestas receives 88 MW order in France

      Vestas has received a firm and unconditional order for an 88 MW project in France.

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      Vestas has received a firm and unconditional order for an 88 MW project in France.

      Additional information about the project

      Customer: EDF EN
      Project name: Not disclosed at the customer’s request
      Location/Country: France
      Number of MW: 88 MW
      Number of turbines/turbine types 24 x V90-3.0 MW and 8 x V80-2.0 MW
      Contract type: Supply-and-installation
      Contract scope: The order comprises supply, installation and commissioning of the wind turbines.  A service contract will be determined at a later date.
      Time of delivery Not disclosed at the customer’s request.

      Total year-to-date announced order intake in MW: 1,964 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Mediterranean, Spain
      Marco Graziano, President 

      For more information, or to arrange an interview with Marco Graziano, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas Mediterranean regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      23:20 - 26 Jun 2014

      Conditional settlement of US class action

      Conditional settlement of US class action

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      Conditional settlement of US class action

      On 21 March 2011, Vestas disclosed that a lawsuit had been filed in a US court against Vestas Wind Systems A/S, its US subsidiary and certain of its officers and directors (ref. company announcement No. 8/2011 of 21 March 2011). A conditional settlement of this dispute has now been reached with the lawyers representing the purchasers of American Depositary Receipts and ordinary shares in US domestic transactions during the period from 11 February 2009 to 9 February 2012. The claims against the individual officer and director defendants have been dropped.

      The settlement consists of a cash payment of USD 5m to the plaintiffs and will resolve the US class action lawsuit. The settlement will be paid entirely by Vestas’ insurer.

      The settlement is subject to approval by a court in the USA and to other conditions specified in the settlement documents. A preliminary decision is expected later this year, with a hearing on final approval likely to be held by the end of 2014 or at the beginning of 2015.

      Among the allegations raised by the plaintiffs were that Vestas’ share price had been inflated during the class period due to purported misstatements and omissions in relation to the company’s accounting for supply-and-installation contracts under IFRIC 15.

      Vestas expressly denies all allegations in the claims and is convinced that its disclosures to the public were appropriate at all times. Vestas therefore does not concede any wrongdoing or liability in relation to the claims raised against it. Nevertheless, Vestas believes that resolving the claims would be desirable in order to end the substantial expenses, burdens and uncertainties associated with a continued litigation in the USA.

      Bert Nordberg, Chairman of the Board said: “We look forward to putting this case behind us, which will allow us to continue our focus on the operation of the business to the benefit of our customers and our owners.”

      The settlement relates only to the above purchases of American Depositary Receipts and ordinary shares bought in US domestic transactions during the US class period. The settlement has no influence on other transactions or on the lawsuit that was filed in the City Court of Aarhus by 87 shareholders in August 2013 (ref. company announcement No. 35/2013 of 16 August 2013).    
       
      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

      Download pdf

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      13:45 - 23 Jun 2014

      Vestas receives 33 MW order in Turkey

      Borusan EnBW orders 10 V112-3.3 MW turbines for 33 MW project in Turkey, finalising the 207 MW framework agreement with Vestas.

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      Borusan EnBW orders 10 V112-3.3 MW turbines for 33 MW project in Turkey, finalising the 207 MW framework agreement with Vestas.

      Vestas will supply 10 V112-3.3 MW turbines for the 33 MW Fuat RES wind power plant in Turkey. The order was placed by Borusan EnBW, the joint venture of German utility EnBW and the Turkish holding company Borusan. This order represents the fifth and the final order from the 207 MW framework agreement announced on 7 March 2014 between Vestas and Borusan EnBW.

      The Fuat RES wind power plant will be installed in the city of Izmir on the west coast of Turkey. Delivery of the project is expected to occur in the final quarter of 2014 with commissioning in the second quarter of 2015. The contract includes supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system, as well as a five-year full-scope service agreement (AOM 4000).

      Once completed, the wind power plant will have an estimated annual production of more than 112,000 MWh per year, saving the environment from over 51,500 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 185,000 people in Turkey.

      We have taken the decision to develop one of the largest onshore wind power plant portfolios in Europe. And to achieve our goal of being the leading wind generation company in Turkey, we have chosen Vestas, one of the world's foremost wind turbine manufacturers, based on Vestas’ capability of ensuring business case certainty for our long-term plan, together with superior new technology which we look forward installing across the country,” states Mehmet Acarla, General Manager of Borusan EnBW Enerji.

      Being chosen as the turbine supplier and service provider for EnBW and Borusan proves that our products and services have earned the trust of our partners during the last 30 years,” comments Marco Graziano, President of Vestas Mediterranean. “Our goal is to secure the lowest cost of energy and best possible performance for our customers throughout the turbines’ lifetime.

      About Vestas in Turkey
      Vestas has been operating in Turkey since 1984 when it installed the country’s first wind turbine. Since then, Vestas has delivered 664 MW of wind power capacity to Turkey. In January 2008, Vestas established an office in Istanbul and has three warehouses and service locations in the country.

      Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.
       
      About Borusan EnBW Enerji
      Headquartered in Istanbul, Borusan EnBW Enerji was founded in the summer of 2009 as a joint venture between German EnBW AG and the Turkish company Borusan Holding. The aim of the joint venture is to expand Turkey's electricity generation capacity by 2,000 megawatts until 2020, primarily in the field of renewable energy.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind power energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For media inquiries, please contact
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526, mizar@vestas.com

      Download pdf

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      08:50 - 19 Jun 2014

      Major shareholder announcement – BlackRock, Inc.

      Major shareholder announcement – BlackRock, Inc.

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      Major shareholder announcement – BlackRock, Inc.

      Vestas has received information from BlackRock Investment Management (UK) Limited, 12 Throgmorton Avenue, London EC2N 2DL, UK, that BlackRock, Inc. has increased their holding of Vestas shares to 11,276,405 shares (5.03 per cent).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      09:30 - 11 Jun 2014

      Vestas secures 10-year service renewal for 27 MW wind power plant in Canada

      Elemental Energy renews service contract for Fermeuse wind power plant in Newfoundland, a 27 MW site utilising Vestas V90-3.0 MW turbines.

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      Elemental Energy renews service contract for Fermeuse wind power plant in Newfoundland, a 27 MW site utilising Vestas V90-3.0 MW turbines.

      Vestas has signed an agreement with Elemental Energy for a 10-year AOM 4000 service agreement renewal that covers the 27 MW Fermeuse wind power plant in Newfoundland, Canada. The project features nine V90-3.0 MW turbines and was commissioned in 2009. Vestas has conducted service on the site since installation.

      AOM (Active Output Management) 4000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and minimizes lost production by predicting when maintenance may be required. 

      ”We have been extremely pleased with the entire Vestas team and the overall performance of the wind plant. The Canadian east coast regional staff has worked above and beyond the call of duty on numerous occasions over the last five years and has given us a great degree of confidence that our asset is being well-managed and well-maintained. We have great expectations going forward and we are certain that they will be fulfilled,” says Ron Hankewich, Vice President, Corporate Development, Elemental Energy.   

      “This service contract renewal is another customer vote of confidence in Vestas’ service and maintenance capabilities, illustrating our support for our customers’ long-term asset management strategies” notes Chris Brown, President of Vestas’ sales and service division in the United States and Canada.  He continues: “Our dedicated service team has worked hard to optimize the performance of the Fermeuse wind power plant. We have been able to tailor our service schedule to ensure planned maintenance on low-wind days, which contributes to a world-class Lost Production Factor (LPF*) well below 2%. For a smaller, remote site, this is a significant achievement, of which we are very proud.”

      Download a picture of the Fermeuse wind power plant

      For more information, please contact:
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526 
      Email: mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,616 turbines to the United States and 1,611 to Canada. Combined, Vestas’ installed capacity is 14,212 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon.  Learn more about Vestas by visiting www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

      *LPF is a measure of the percentage of potential energy in the wind passing over the rotor in a given time period which not captured by the wind turbine.  

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      15:20 - 06 Jun 2014

      Vestas receives 158 MW order for three projects in Turkey

      Vestas has received an order of 158.4 MW from Borusan EnBW for V112-3.3 MW turbines in Turkey.

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      Vestas has received an order of 158.4 MW from Borusan EnBW for V112-3.3 MW turbines in Turkey.

      With reference to Vestas Wind Systems’ A/S company announcement No. 23/2014 of 6 June 2014, Vestas has received an order of 158.4 MW from Borusan EnBW for V112-3.3 MW turbines in Turkey.

      As part of the 207 MW framework agreement announced on 7 March 2014 between Vestas and the joint venture of German utility EnBW and the Turkish holding company Borusan, Vestas will supply 48 V112-3.3 MW turbines for three wind power plants in Turkey.

      The Mut, Harmanlık and Koru RES wind power plants will be installed across three different regions near the cities of Mersin, Bursa and Çanakkale, respectively. Delivery of all three projects is expected to occur in the final quarter of 2014 with commissioning in the second quarter of 2015.

      Mehmet Acarla, General Manager of Borusan EnBW Enerji states: “We have taken the decision to realise one of the largest onshore wind farm portfolios in Europe. To achieve our goal, we have chosen one of the world's foremost wind turbine manufacturers, based on Vestas’ capability of ensuring business case certainty for our long-term plan, together with superior new technology which we look forward to installing across the country.”

      Being chosen as the turbine supplier and service provider for EnBW and Borusan proves that our products and services have earned the trust of our partners during the last 30 years,” comments Marco Graziano, President of Vestas Mediterranean. “Our goal is to secure the lowest cost of energy and best possible performance for our customers throughout the turbines’ lifetime.”

      Together, the three contracts amount to 158.4 MW and include supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system, as well as a five-year full-scope service agreement (AOM 4000).

      Once completed, the three wind power plants will have a total estimated annual production of more than 500,000 MWh per year, saving the environment from over 230,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 830,000 people in Turkey.

      About Vestas in Turkey
      Vestas has been operating in Turkey since 1984 when it installed the country’s first wind turbine. Since then, Vestas has delivered 664 MW of wind power capacity to Turkey. In January 2008, Vestas established an office in Istanbul and has three warehouses and service locations in the country.Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.
       
      About Borusan EnBW Enerji
      Headquartered in Istanbul, Borusan EnBW Enerji was founded in the summer of 2009 as a joint venture between EnBW and the Turkish company Borusan. The aim of the joint venture is to expand Turkey's electricity generation capacity by some 2,000 megawatts, primarily in the field of renewable energy.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind power energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For media inquiries, please contact
      Alessandro Bracco, Director, Marketing Execution
      Tel.: +34 91 362 8371, alebr@vestas.com

      Download pdf

      Close article
      15:10 - 06 Jun 2014

      Vestas receives orders for a total of 158 MW in Turkey

      Vestas has received three firm and unconditional orders for a total of 158 MW under the EnBW/Borusan framework agreement.

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      Vestas has received three firm and unconditional orders for a total of 158 MW under the EnBW/Borusan framework agreement.

      Additional information about the project

      Customer: Joint venture between German EnBW and Turkish Borusan
      Project name: Mut, Harmanlık and Koru RES wind power plants
      Location/Country: Near the cities of Mersin, Bursa and Çanakkale, Turkey
      Number of MW: 158.4 MW
      Number of turbines/turbine type 48 V112-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The orders include supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system, as well as a five-year full-scope service agreement (AOM 4000) for all three projects.
      Time of delivery Delivery of all three projects is expected to occur in the fourth quarter of 2014 with expected commissioning in the second quarter of 2015.

      Total year-to-date announced order intake in MW: 1,790 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Mediterranean, Spain
      Marco Graziano, President 

      For more information, or to arrange an interview with Marco Graziano, please contact:

      Alessandro Bracco, Director, Marketing Execution
      Tel.: +34 91 362 8371

      A news release from Vestas Mediterranean regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      11:00 - 06 Jun 2014

      First major order received for Vestas PowerPlus™ upgrades

      EDP Renewables purchases upgrade solutions for wind turbines in its U.S. fleet, increasing the efficiency of existing wind turbine generators.

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      EDP Renewables purchases upgrade solutions for wind turbines in its U.S. fleet, increasing the efficiency of existing wind turbine generators.

      Vestas has received the first order for Vestas PowerPlus™ solutions, a new range of technology upgrades launched to the market last month. The order was placed by key customer EDP Renewables (EDPR) to upgrade the production performance on hundreds of turbines in their United States fleet.

       “EDP Renewables and Vestas have been partners for many years and we are excited to take this partnership to the next level by incorporating this new Vestas PowerPlus™ offering into a portion of our Vestas fleet.” Brian Hayes, Executive Vice President of Operations, EDP Renewables North America. “We always seek to have our fleet running at peak performance with maximum efficiency and Vestas has been fantastic in delivering the technology that allows us to do just that.”

      “Signing our first order for Vestas PowerPlus™ solutions so quickly after the official launch demonstrates that there is strong customer demand for this product,” explains Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Since the launch we have seen considerable interest from the market.  The U.S. market is driven by annual energy production and price, and we expect sales of Vestas PowerPlus™ to be strong.”

      About Vestas PowerPlus™

      Vestas PowerPlus™ consists of three product offerings:

      • Power Uprate (V82-1.65 MW, V90-1.8 MW and V100-1.8 MW); 

      • Extended Cut Out (V90-3.0 MW, V100-1.8/2.0 MW); and, 

      • Aerodynamic Upgrades (V82-1.65 MW).

      Power Uprate is a modification to the turbine control parameters that allows the wind turbines to increase their maximum power output from 1.8MW up to 2.0MW (V82: 1.65MW up to 1.8MW). The result is an increased Annual Energy Production (AEP) (generally 1.0-4.0%). 

      Extended Cut Out is a modification of the turbine control parameters that allows turbines to capture more wind at higher speeds by extending the maximum wind speed limit from 25 m/s up to 30 m/s. The result is an increase in AEP (generally 0.5-2.0%).

      The Aerodynamic Upgrades are Vortex Generators, which are a cost-effective solution using small fins that optimise air flow over the blades to improve the aerodynamics and increase AEP of a wind power plant (generally up to 0.8%).

      For more information about Vestas PowerPlus™, please contact:
      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com


      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,444 turbines to the United States and 1,608 to Canada. Combined, Vestas’ installed capacity is 13,820 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon.  Learn more about Vestas by visiting www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF


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      18:00 - 04 Jun 2014

      Introducing a new strategy for profitable growth in Brazil

      Vestas’ new strategy for Brazil emphasises investments to meet local content requirements.

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      Vestas’ new strategy for Brazil emphasises investments to meet local content requirements.

      Vestas will refocus efforts on the Brazilian market by implementing a new roadmap for profitable growth in the country. Vestas will invest up to R$ 100m (EUR 32m) in meeting local content requirements, prioritising initiatives that enable us to compete more effectively in the local wind industry.

      With the purpose of respecting local content requirements set by the Brazilian Development Bank (BNDES) under the FINAME II code, Vestas will localise 70 per cent of hub and nacelle manufacturing for 2MW turbines at our facility near Fortaleza in the north-eastern state of Ceará, allowing for production levels in excess of 400 MW per year, with the possibility of reaching up to 800 MW. Blade and tower production will also be sourced locally in order to comply with the requirements.

      “We are delighted to announce our plan to ramp up operations in Brazil to comply with local requirements,” says Jean-Marc Lechêne, Vestas Executive Vice President of Manufacturing and Global Sourcing. “Brazil is one of the most competitive and fastest-growing markets in the world. We are confident these investments will meet local content requirements and position Vestas as a key player in the Brazilian market.”

      According to Dr. Elbia Melo, CEO of ABEEolica, “the Brazilian auction system is bringing down the cost of energy, creating an attractive environment for foreign investment. The country opted wisely for a competitive energy market model for contracting renewable energy sources. We welcome and encourage the additional competition this investment brings.” 

      Vestas plans to transfer knowledge behind the state-of-the-art V110-2.0 MW turbine to the local Brazilian organisation by training employees in the best wind facilities in the world in Europe and the USA. To complement this, Vestas also aims to apply our world-class expertise and knowhow in operating wind turbines in the Brazilian market.

      “Vestas has a long track record in Brazil having sold almost 1,000 MW.  We will now work closely with our Brazilian partners to adapt our flexible market-leading solutions to their needs,” states Ruben Lazo, Country President of Vestas Brazil. “Increasing our production capacity and improving our service capabilities will allow Vestas Brazil to compete in the local market.”

      Vestas aims to participate in the upcoming auctions for projects throughout 2014. Given the planned increase in manufacturing output, Vestas expects to create up to 300 direct jobs in Brazil and an estimated 1,500 indirect jobs in the coming months, with the possibility of producing turbines for export to the rest of Latin America.

      About Vestas in Brazil
      Vestas has been present in Brazil since 2000. Having opened an office in Sao Paulo in 2008 to handle all sales, construction and service operations in the country, Vestas inaugurated its first manufacturing facility near Fortaleza in the state of Ceará in late 2011. As of 31 December 2013, Vestas had delivered a total installed capacity of 626 MW to the Brazilian market and has announced firm and unconditional orders of almost 1,000 MW. During the coming months Vestas will install nine V112-3.0 MW turbines to power Honda’s car production plant in Sumaré, São Paulo as part of the company’s strategy to reduce its global CO2 emissions.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
        
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

      For further information about Vestas in Brazil & Latin America please contact:

      Alessandro Bracco
      Regional Global Marketing Director
      Tel.: +34 91 362 8371
      Email: alebr@vestas.com

      For further information about Vestas please contact:

      Michael Zarin
      Head of External Communications
      Tel.: +45 4084 1526 
      Email: mizar@vestas.com

      Download PDF

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      09:50 - 30 May 2014

      Vestas reaffirms position as global wind power pioneer with 53 MW project in the Republic of Guatemala

      Vestas has signed an order for 16 V112-3.3 MW wind turbines for the San Antonio wind power plant in the department of Guatemala, Republic of Guatemala. Once complete, the project will become the very first wind power plant in the country, showcasing Vestas’ ambitions as wind power pioneers to develop new markets and grow together with our customers.

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      Vestas has signed an order for 16 V112-3.3 MW wind turbines for the San Antonio wind power plant in the department of Guatemala, Republic of Guatemala. Once complete, the project will become the very first wind power plant in the country, showcasing Vestas’ ambitions as wind power pioneers to develop new markets and grow together with our customers.

      Delivery of the turbines will start in the fourth quarter of 2014, and the wind power plant is expected to be commissioned in the second quarter of 2015.

      The contract for the turnkey project comprises supply, installation and commissioning of the wind turbines, along with a VestasOnline® Business SCADA solution, full scope civil and electrical works, as well as a ten-year Active Management Output (AOM) 5000 service agreement.
      The order has been placed by Eólico San Antonio El Sitio S.A. and Wind Turbine Investments S.A. Corporation, two special purpose companies owned by Centrans Group and Victoria Corp., dedicated to the development of renewable energy projects in Guatemala, Nicaragua and the region.

      Vestas offered the most suited turbines, meeting the project’s requirements and optimising its future performance. We expect this to be the starting point for a successful strategic partnership in the development and operation of wind energy projects. We look forward to the installation of the very first Guatemalan wind power plant with Vestas turbines.” states Jorge Sinibaldi, CEO of Eólico San Antonio El Sitio.

      Speaking of Vestas’ position as a first mover in developing the Guatemalan market, VP Sales Region Mexico, Caribbean and Central America, Adrian Katzew Corenstein, comments: “Together with our customers, Vestas has pioneered for the past 35 years technologies and solutions that have brought wind energy to more than 30 markets worldwide for the first time, more than any other wind turbine manufacturer. Today, we are proud to be able to announce the signature for the first wind power plant in Guatemala. We look forward to continuing to help Guatemala develop renewable energy projects in order to increase the country’s energy independence, while ensuring stable energy output and a solid return on the investment for our customers. Vestas’ strategy is to develop new markets together with our customers and we express our gratitude to San Antonio for selecting us as their trusted partner.”

      The San Antonio wind power plant will have an estimated annual production of 150,000 MWh, which will save the environment from over 40,000 tons of CO2 emissions on an annual basis, providing Guatemala with enough electricity to cover the residential electricity consumption of more than 890,000 people.

      The installation of this project makes Guatemala the 36th market to be pioneered by Vestas since establishing the wind industry in 1978. Having pioneered wind energy in more countries than any other wind turbine manufacturer, Vestas now invites you to discover more about what it takes to be a global Wind Power Pioneer by retracing our stories, learning from our experience and unrivalled capabilities, and installing your own virtual Vestas turbine at windpowerpioneers.vestas.com.

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994 and in the past three years, Vestas has signed firm and unconditional orders for a total capacity of about 800 MW across five Mexican states. In June 2010, Vestas opened its regional headquarters in Mexico City from which 45 wind energy professionals support sales, construction and service. As of December 2013, Vestas has installed 518 MW in Mexico, the Caribbean and Central America.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      For media inquiries, please contact
      Alessandro Bracco
      Marketing Director, Vestas Mediterranean
      Email: alebr@vestas.com
      Tel. +34 91 362 8371

      Download pdf

      Close article
      09:00 - 26 May 2014

      Vestas appoints new President for Vestas Central Europe

      Dr. Christoph Vogel has been appointed new Group Senior Vice President of Vestas and President of Vestas Central Europe. Christoph, who comes from a position as Vice President & General Manager at Johnson Controls, enters into his new position on 1 June.

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      Dr. Christoph Vogel has been appointed new Group Senior Vice President of Vestas and President of Vestas Central Europe. Christoph, who comes from a position as Vice President & General Manager at Johnson Controls, enters into his new position on 1 June.

      Christoph has extensive global experiences across multiple businesses and functions. He has held various leadership positions within Johnson Controls, Siemens AG and The Boston Consulting Group and most recently served as Vice President & General Manager of Global Work Place Solutions Life Sciences Market at Johnson Controls in the United States.  

      I am pleased to announce the appointment of Dr. Christoph Vogel as the new President of Vestas Central Europe. Based on his experience, commitment and extensive accomplishments during his career, he is well qualified to secure the development of the significant central European market and we look forward to the many contributions he will make to the region and to Vestas,” comments Juan Araluce, Chief Sales Officer, Vestas Wind System A/S. 

      Christoph Vogel succeeds Klaus Steen Mortensen, President of Vestas Northern Europe, who has led daily operations in Central Europe on an interim basis. Klaus Steen Mortensen will continue in his role as President of Vestas Northern Europe.    

      I am very excited to join Vestas and meet all the talented employees. With a strong brand foundation, high quality products and very competent employees, Vestas has a strong position in the Central European market and I very much look forward to joining the team and making the most of these opportunities together”, says Dr. Christoph Vogel.

      Download picture of Dr. Christoph Vogel.

      For more information, please contact:
      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF


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      12:00 - 21 May 2014

      Vestas receives 78 MW order in North America utilising V110-2.0 MW turbines

      Vestas has received an order for 39 V110-2.0 MW turbines for a 78 MW project in North America.

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      Vestas has received an order for 39 V110-2.0 MW turbines for a 78 MW project in North America.

      Vestas has received an order for 39 V110-2.0 MW turbines for a 78 MW project in North America. The highly popular V110-2.0 is built on the proven technology of Vestas’ 2 MW platform and increases annual energy production by up to 13.6 per cent compared to the V100-1.8 MW.

      The project includes a five-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and minimizes lost production by predicting when maintenance may be required.

      Deliveries for the project will take place in the 3rd quarter of 2016, with commissioning expected by the 4th quarter of 2016. Vestas’ factories in Colorado are expected to be involved in the manufacturing of the blades, nacelles and towers for this project. To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      At the customer’s request, additional project details are not being disclosed at this time.

      Contact information
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526
      Email: mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,444 turbines to the United States and 1,608 to Canada. Combined, Vestas’ installed capacity is 13,820 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon. 

      Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf

      Close article
      08:35 - 19 May 2014

      Vestas receives 148 MW order under First Wind master supply agreement in U.S.

      Vestas has received an order of 148 MW from First Wind for V112-3.0 MW turbines in the U.S.

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      Vestas has received an order of 148 MW from First Wind for V112-3.0 MW turbines in the U.S.

      With reference to the Vestas Wind Systems A/S company announcement No. 22/2014 of 19 May 2014, Vestas has received an order of 148 MW from First Wind for V112-3.0 MW turbines in the U.S.

      Vestas has received an order for 48 V112-3.0 MW turbines for the 148-MW Oakfield project in the state of Maine. The order is a call-off on the master supply agreement (MSA) announced in December 2013 for multiple U.S. projects, the potential of which totals 718 MW. With today’s order, Vestas has secured 298 MW under this MSA. 

      The highly popular V112-3.0 MW turbines – for which Vestas has already received almost 6 GW of orders – will be supplied for this project. The project will also include a 10-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and minimizes lost production by predicting when maintenance may be required.

      "We're pleased to continue the construction of the Oakfield Wind project and look forward to installing Vestas’ V112-3.0 MW turbines there," said First Wind CEO Paul Gaynor. "The Vestas turbines at our Bull Hill project in Maine and the Palouse project in Washington State have performed well and we expect the Oakfield project to enjoy similar success."

      This order underlines the strong partnership between Vestas and First Wind, one of the leading wind developers in the U.S.” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This is the fourth project Vestas and First Wind are carrying out together and the second in Maine. The first project in Maine has achieved 99 per cent availability since it was commissioned in 2012, a testament to the performance of our technology and service capabilities that customers expect from Vestas.

      Deliveries for the Oakfield project will take place in the 2nd quarter of 2015, with commissioning expected by the 4th quarter of 2015. Vestas’ factories in Colorado are expected to be involved in the manufacturing for this project. To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      For more information, please contact:
      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526
      Email: mizar@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines and over 60 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,444 turbines to the United States and 1,608 to Canada. Combined, Vestas’ installed capacity is 13,820 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,600 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon. Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf 

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      08:30 - 19 May 2014

      Vestas receives 148 MW order in the USA

      Vestas has received a firm and unconditional order for 48 V112-3.0 MW turbines under the First Wind master supply agreement.

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      Vestas has received a firm and unconditional order for 48 V112-3.0 MW turbines under the First Wind master supply agreement.

      Additional information about the project

      Customer: First Wind, USA
      Project name: Oakfield
      Location/Country: Maine, USA
      Number of MW: 148 MW
      Number of turbines/turbine type 48 V112-3.0 MW turbines
      Contract type: Supply-only
      Contract scope: The order comprises delivery and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Deliveries for the Oakfield project will take place in the second quarter of 2015, with commissioning expected by the fourth quarter of 2015.

      Total year-to-date announced order intake in MW: 1,554 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas-American Wind Technology, USA
      Chris Brown, President

      For more information, or to arrange an interview with Chris Brown, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      15:20 - 14 May 2014

      Vestas receives 63 MW order for one of Germany’s largest repowering projects

      KGE Windpark Schipkau Nord GmbH & Co. KG orders 19 V112-3.3 MW turbines, with an option for another eight turbines, for wind power plant in Brandenburg.

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      KGE Windpark Schipkau Nord GmbH & Co. KG orders 19 V112-3.3 MW turbines, with an option for another eight turbines, for wind power plant in Brandenburg.

      With reference to Vestas Wind Systems A/S company announcement No. 21/2014 of 14 May 2014, Vestas is pleased to announce a firm and unconditional order from KGE Windpark Schipkau Nord GmbH & Co. KG. Vestas’ long-term customer Ventotec has developed this repowering project. The wind power plant will be repowered in Brandenburg and is one of the largest repowering projects in Germany. Turbine delivery is planned to begin in the second half of 2014 with commissioning expected completed in the first quarter of 2015.

      The contract includes supply, installation and commissioning of the 19 V112-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 4000). '

      We are pleased to continue our successful long-term collaboration with Vestas that started in 1999 with the installation of our V66-wind power plant in Klettwitz. Based on our long-standing relationship with Vestas, we trust in the wind energy solutions, the experience and knowledge they offer for most efficiently repowering this large wind project”, say Ralf Heinen and Helmer Stecker, Managing Directors of Ventotec.

      It is a pleasure for us to announce an order for 19 V112-3.3 MW turbines for one of the largest repowering projects in Germany and to realise it together with our valued long-term customer Ventotec, who developed the project for KGE Windpark Schipkau Nord GmbH & Co. KG,” says Klaus Steen Mortensen, President of Vestas Central Europe. “The V112-3.3 MW is the optimal choice for customers who want to combine the proven technology of our 3 MW platform with an increased annual production at medium wind sites.

       

      For more information, please contact

      Michael Zarin, Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      Email: mizar@vestas.com

       

      Download pdf

       

       

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for about 16,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      Vestas entered the German market in 1986 and has since then delivered more than 6,500 turbines representing a total capacity of about 9,000 MW. Vestas currently has a market share of about 20 per cent in Germany, and its full wind energy value chain is represented there: R&D, production, sales locations and a unique service infrastructure as well as business unit headquarters. Vestas employs around 2,000 people in Germany.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      www.twitter.com/vestas

      www.linkedin.com/company/vestas

      www.facebook.com/vestas

      plus.google.com/+vestas

      Close article
      15:15 - 14 May 2014

      Vestas receives 63 MW order in Germany

      Vestas has received a firm and unconditional order for 19 V112-3.3 MW turbines, with an option for another eight wind turbines, in Germany.

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      Vestas has received a firm and unconditional order for 19 V112-3.3 MW turbines, with an option for another eight wind turbines, in Germany.

      Additional information about the project

      Customer: KGE Windpark Schipkau Nord GmbH & Co. KG
      Project name: Klettwitz II
      Location/Country: Brandenburg, Germany
      Number of MW: 62.7 MW
      Number of turbines/turbine type 19 V112-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 4000).
      Time of delivery Delivery of the wind turbines is planned to begin in the second half of 2014 with commissioning expected completed in the first quarter of 2015.

      Total year-to-date announced order intake in MW: 1,406 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Central Europe, Germany
      Klaus Steen Mortensen, President

      For more information, or to arrange an interview with Klaus Steen Mortensen, please contact:

      Michael Zarin, Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526

      A news release from Vestas Central Europe regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      08:35 - 09 May 2014

      Interim financial report, first quarter 2014

      Outlook for 2014 maintained. Revenue, earnings and free cash flow increased compared to the first quarter of 2013. Focus on Profitable Growth for Vestas remains.

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      Outlook for 2014 maintained. Revenue, earnings and free cash flow increased compared to the first quarter of 2013. Focus on Profitable Growth for Vestas remains.

      In the first quarter of 2014, Vestas generated revenue of EUR 1,283m – an increase of 17 per cent to the year-earlier period. EBIT before special items increased by EUR 148m to EUR 40m due to improved project margins, higher revenue, lower fixed capacity costs and lower depreciation. The EBIT margin before special items was 3.1 per cent and the free cash flow increased by EUR 36m to EUR (24)m compared to the first quarter of 2013. During the last 12 months, Vestas has generated a free cash flow of EUR 1,045m.

      The intake of firm and unconditional wind turbine orders was 1,188 MW in the first quarter of 2014. The value of the wind turbine backlog amounted to EUR 6.9bn at 31 March 2014. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 6.9bn at the end of March 2014. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 13.8bn – an improvement of EUR 1.4bn compared to the year-earlier period.

      On 1 April 2014, MHI Vestas Offshore Wind, the joint venture between Vestas and Mitsubishi Heavy Industries Ltd., became operational. 

      Group President & CEO Anders Runevad said: ”As we expected, first quarter showed improvements in all major areas. This is a result of a lot of hard work from my colleagues and we remain focused on executing on our strategy, Profitable Growth for Vestas.”

      Q1 at a glance (against Q1 2013)

      + 84% Vestas had an order intake of 1,188 MW
      - an increase of 84 per cent

      + 83% Vestas produced and shipped 1,124 MW
      - an increase of 83 per cent

      + 21% Vestas delivered wind power systems with an aggregate capacity of 988 MW
      - an increase of 21 per cent

      + 17% Vestas generated revenue of EUR 1,283m
      - an increase of 17 per cent

      + 4% Service revenue amounted to EUR 225m
      - an increase of 4 per cent

      + EUR 148m EBIT before special items amounted to EUR 40m
      - an increase of EUR 148m

      + EUR 153m Net profit amounted to EUR 2m
      - an increase of EUR 153m

      + EUR 36m Vestas realised a free cash flow of EUR (24)m
      - an increase of EUR 36m

      - 3% The number of employees at the end of the quarter was 16,610
      - a decrease of 3 per cent

      - 12% points Renewable energy amounted to 46 per cent of total energy consumption
      - a decrease of 12 percentage points

      + 11% Incidence of lost time injuries per one million working hours was 2.0
      - an increase of 11 per cent

      Press and analyst information meeting

      For analysts, investors and the media, an information meeting will be held today, Friday, 9 May 2014 at 10 a.m. CEST (9 a.m. BST) at Vestas’ Headquarters, Hedeager 44, 8200 Aarhus N, Denmark.

      The information meeting will be held in English and webcast live via vestas.com/investor.

      The meeting may be attended electronically and questions may be asked through a conference call. The telephone numbers for the conference call are:

      Europe: +44 208 817 9301
      USA: +1 718 354 1226
      Denmark: +45 7026 5040

      A replay of the information meeting will subsequently be available from vestas.com/investor.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download full report



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      11:30 - 06 May 2014

      Vestas installs next generation low wind turbine prototype

      The first V110-2.0 MW prototype has been successfully installed and commissioned, ready for testing ahead of serial delivery in the fourth quarter of 2014.

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      The first V110-2.0 MW prototype has been successfully installed and commissioned, ready for testing ahead of serial delivery in the fourth quarter of 2014.

      Vestas has installed the first V110-2.0 MW prototype turbine at a test site in Høvsøre, on the west coast of Jutland, Denmark. The turbine has produced the first kilowatt hour of electricity and will undergo an extensive test and verification programme to ensure reliability before full scale production commences prior to the first deliveries at the end of the year.

      The V110-2.0 MW is built from the proven technology of Vestas’ 2 MW platform and features a larger rotor using 55m blades. The turbine is optimised for production on low wind sites, and increases annual energy production by up to 13.6% compared to the V100-1.8 MW on low wind sites.

      Vestas’ product development strategy is to optimise our products and services to continue to lower the cost of energy for customers,” says CTO Anders Vedel. “The V110-2.0 MW is an extremely competitive product for maximising energy production at low wind speeds, and over 400 turbines sold demonstrate customers are responding positively to Vestas’ strategy.”

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada adds, “The turbine has been very well received by the market since being launched in 2013, particularly in the United States, with firm orders approaching 800 MW.”  

      Innovative improvements in technology

      In order to continue to optimise the technology while maintaining high quality and reliability of the 2MW platform customers have come to expect, some innovative improvements have been made to several parts of the turbine. 

      In addition to the larger rotor, the V110-2.0 MW (and the V100-2.0 MW- also launched in 2013) has a strengthened gearbox compared to previous 2 MW turbines, to withstand the increase force from the wind on the larger rotor. Furthermore new control features have enabled strengthening of the hub and other parts of the structure without increasing the overall weight. 

      Click on each photo in order to download it in high resolution:

      V110 V110
       V110 V110

      For more information, please contact:

      Matt Whitby, Press & Communication Officer, Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com
       

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF

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      12:00 - 02 May 2014

      59 MW order secures Vestas’ leadership in South Korean market

      Vestas has received an order for the supply of 18 V112-3.3 MW wind turbines for the 59.4 MW Yeong Yang Wind Farm project in South Korea.

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      Vestas has received an order for the supply of 18 V112-3.3 MW wind turbines for the 59.4 MW Yeong Yang Wind Farm project in South Korea.

      The order, placed bv GS Yeongyang Windpower Co. Ltd., part of South Korean business powerhouse GS Group, also includes a 10-year full-scope service agreement,

      "Vestas is delighted to be chosen as the wind energy solution provider for the Yeong Yang project, which is one of South Korea’s most promising sites,” says Chris Beaufait, President, Vestas Asia Pacific & China.

      This order demonstrates the technical advantages of the V112-3.3 MW turbine, and gives strong endorsement of Vestas’ excellent service capability in the Korean wind market,” he added, “With the largest dedicated wind turbine service capability in the country, and with our many years of experience in maintaining our customers’ assets to the highest levels of availability, Vestas Korea is uniquely positioned to satisfy existing and new customers’ needs.

      Key to our decision to build our business with Vestas was the cutting-edge technology and excellent operational service back-up of the world’s top wind turbine manufacturer,” said Mr. Ki-Hwan Kim, Representative Director of GS Yeongyang Windpower.

      Once the turbines are commissioned, expected in late 2015, the Yeong Yang Wind Farm will produce approximately 135,000 MWh of clean renewable energy each year and will make a significant contribution to helping South Korea achieve its clean energy goals.
       
      Since 1998, Vestas has installed 104 wind turbines in South Korea, totaling 166 MW, making Vestas the market share leader in terms of installations. Today, the majority of these turbines are operated and maintained by Vestas under long-term service agreements.

      Contact details
      Karen Chen
      Tel: +86 10 5804 1330
      Mobile: +86 1381 012 3389
      Email: jihce@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

      Download pdf

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      07:50 - 02 May 2014

      Vestas receives 63 MW order in the Philippines

      Vestas has received a firm and unconditional order for 63 MW in Philippines.

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      Vestas has received a firm and unconditional order for 63 MW in Philippines.

      Additional information about the project

      Customer: EDC Burgos Wind Power Corporation
      Project name: Burgos Wind Project Stage 2
      Location/Country: Burgos, Ilocos Norte province, Philippines
      Number of MW: 63 MW
      Number of turbines/turbine type 21 x V90-3.0 MW
      Contract type: Turnkey/EPC
      Contract scope: The contract includes delivery, installation and commissioning of the wind turbines, associated civil and electrical works as well as a 10-year AOM5000 service contract.
      Time of delivery Delivery of the wind turbines will begin in the second quarter of 2014.

      Total year-to-date announced order intake in MW: 680 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000 

      Chris Beaufait, President of Vestas Asia Pacific & China

      For more information, or to arrange an interview with Chris Beaufait, please contact:

      Vestas Wind Systems A/S, Denmark
      Michael Zarin, Head of External Communications
      Tel. +45 4084 1526

      Download company announcement (pdf)

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      21:10 - 01 May 2014

      Information in the market regarding 148 MW project in the USA

      Information in the market regarding 148 MW project in the USA

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      Information in the market regarding 148 MW project in the USA

      Today, there is information in the market regarding a 148 MW project in the USA.

      As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      11:00 - 01 May 2014

      Vestas launches new upgrades to increase output of installed turbines

      Vestas PowerPlus™  features a range of  new technology upgrades to optimise the performance of existing wind power plants, enhancing the power production of our customers’ wind turbines by up to 5%*.

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      Vestas PowerPlus™  features a range of  new technology upgrades to optimise the performance of existing wind power plants, enhancing the power production of our customers’ wind turbines by up to 5%*.

      The Vestas PowerPlus™ upgrades are designed to optimise the performance and increase the power output on existing wind power plants by up to 5%*, directly benefiting our customers’ bottom line.

      “The Vestas PowerPlus™ technology solutions are part of Vestas’ overall strategy of growing our service business and to respond to a strong customer demand to increase power output while maintaining high reliability,” Chief Technology Officer Anders Vedel explains, and continues:

      “So far Vestas PowerPlus™ has been very well received by customers, particularly in North America where we expect the fastest impact on sales.”

      Vestas has already sold and implemented upgrades on more than 500 V82-1.65MW, V90-1.8MW, and V100-1.8MW wind turbines in North America and across the world.

      Three technology upgrades

      Vestas PowerPlus™ consists of three product offerings:

      • Power Uprate (V82-1.65 MW, V90-1.8 MW and V100-1.8 MW); 
      • Extended Cut Out (V90-3.0 MW, V100-1.8/2.0 MW); and, 
      • Aerodynamic Upgrades (V82-1.65 MW).

      Power Uprate is a modification to the turbine control parameters that allows the wind turbines to increase their maximum power output from 1.8MW up to 2.0MW (V82: 1.65MW up to 1.8MW). The result is an increased Annual Energy Production (AEP) (generally 1.0-4.0%). 

      Extended Cut Out is a modification of the turbine control parameters that allows turbines to capture more wind at higher speeds by extending the maximum wind speed limit from 25 m/s up to 30 m/s. The result is an increase in AEP (generally 0.5-2.0%).

      The Aerodynamic Upgrades are Vortex Generators, which are a cost-effective solution using small fins that optimise air flow over the blades to improve the aerodynamics and increase AEP of a wind power plant (generally up to 0.8%). To learn more about Vestas PowerPlus™ please follow this link. *Annual Energy Production increase depends on turbine type and site conditions.

      Vestas will officially launch Vestas PowerPlus™ at our stand during the AWEA Windpower 2014 trade show in Las Vegas on 6 May between 5:00pm and 7:00pm. Chris Brown, President of Vestas’ sales and service division in the United States and Canada, will present the new offering.

      For more information, please contact:

      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas 

      Download PDF

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      16:00 - 28 Apr 2014

      Construction underway at Al Tafilah, Jordan’s first large-scale wind power plant

      Construction underway at Al Tafilah, Jordan’s first large-scale wind power plant

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      Yesterday’s ground-breaking ceremony officially kicked off construction of the 117 MW wind power plant, which will produce clean electricity at half the cost of Jordanian conventional power.

      H.E. the Prime Minister of Jordan, Abdallah Ensour, Jordan Wind Project Company (JWPC) Chairman, Samer Judeh, and representatives from the sponsor and lender group took part in the ceremony yesterday evening which showcased the landmark Tafilah project to Jordan and its people. Tafilah is the combined result of a four-year cooperation by a team of Jordanian and international experts. Civil works have already begun, and the 38 wind turbines will be directly transported from the port of Aqaba to the project site over the coming months. The first turbines will begin to produce electricity as from the first quarter of 2015, and the wind power plant will be fully operational by August 2015.

      The wind power plant will then be connected directly to the National Electric Power Company grid and provide almost 400 GWh of electricity per year, enough to meet the energy needs of over 150,000 Jordanians. The Al Tafilah project will also significantly contribute to the region’s development by providing jobs to 150 people during construction and 30 during its operation.

      Vestas is proud to be part of this milestone project in Jordan, 18 years after pioneering the local industry and installing the country’s first wind turbines,” observed Marco Graziano, President of Vestas Mediterranean. “The Tafilah wind power plant is a major step forward in clean energy development, energy self-sufficiency and security of supply for the country.

      Samer Judeh, Chairman of Jordan Wind Project Company (JWPC) affirmed the significant positive effect the project will have on the Jordanian energy mix: “At 85 Jordanian Dinars per MWh, electricity is priced at less than half the cost of generation from conventional power. The price is fixed for 20 years, ensuring reliable and clean energy for the country. The Tafilah wind farm is a major step towards getting Jordan on the global renewable energy roadmap and will serve to demonstrate the region's potential for investments in renewable energy.” 

      Having pioneered the wind energy sector in Jordan since 1996, Vestas launched yesterday the Wind Power Pioneers campaign as part of the ground-breaking ceremony in Jordan to re-emphasise the important role wind energy plays in the country’s future. Initially launched last month and covering 35 markets worldwide, Wind Power Pioneers demonstrates that, with a solid partner accompanied by an industry-leading product and service portfolio, challenges can be overcome, allowing us to further develop our unique capabilities and experience to explore new markets and untapped opportunities.

      Vestas invites all interested stakeholders to learn more about the Wind Power Pioneers campaign, and to join us in celebrating Jordan’s achievements by installing your own virtual wind turbine today on windpowerpioneers.vestas.com.

      For media enquiries, please contact: 
      Velia Senatore
      Communications, External relations
      T +39 099 04606415 
      veise@vestas.com


      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

      Download PDF


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      11:30 - 25 Apr 2014

      Vestas receives 33 MW order for largest V117 project to-date in Denmark

      Long-time Vestas customer European Energy places 33 MW order for 10 V117-3.3 MW turbines, to be financed in collaboration with Sampension, Denmark’s fourth largest pension fund.

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      Long-time Vestas customer European Energy places 33 MW order for 10 V117-3.3 MW turbines, to be financed in collaboration with Sampension, Denmark’s fourth largest pension fund.

      The Ulvemosen project in Varde, Denmark will feature the increasingly popular V117-3.3 MW turbine.  European Energy’s choice of the V117-3.3 MW turbine further validates the Vestas strategy to optimise energy solutions based on well-proven technologies. Ulvemosen will be the third and largest project in Denmark to use the V117-3.3 MW model.  

      The Ulvemosen project includes a 15-year Active Output Management (AOM) 4000 service contract, which is a comprehensive service package including all necessary main components and material to maximise uptime and performance.  Delivery and commissioning of the turbines is expected to be completed in the fourth quarter of 2014.  

      Ulvemosen will be Sampension’s first direct investment in wind power plants, with the pension fund financing and owning the project, which European Energy will operate.  

      European Energy CEO Knud Erik Andersen says, “We value the strong partnership with Vestas, including its high product quality and reliability and the company’s track record for on-time installations.  We look forward to getting the V117’s for Ulvemosen up and running later this year.”

      “Vestas is extremely pleased that European Energy has again chosen to partner with us and to further build up wind energy in Denmark,” says Klaus Steen Mortensen, President of Vestas Northern Europe.  "Denmark is an important and growing market for Vestas, and this project will help keep our production and construction teams busy.”

      For more information, please contact:

      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas has installed more than 3,000 MW in Denmark, accounting for approximately two-thirds of the overall market.  Vestas installed 233 MW in Denmark in 2013, approximately the same total as in Sweden, the United Kingdom, France, and Italy.

      Please visit our website at www.vestas.com and follow us on our social media channels:

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF

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      08:00 - 10 Apr 2014

      Vestas appoints Head of Service

      Christian Venderby has been appointed new Group Senior Vice President and Head of Service at Vestas Wind Systems A/S. Christian Venderby, who comes from a position as Senior Vice President Operations at Vestas Americas, enters into his new position on 1 June 2014.

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      Christian Venderby has been appointed new Group Senior Vice President and Head of Service at Vestas Wind Systems A/S. Christian Venderby, who comes from a position as Senior Vice President Operations at Vestas Americas, enters into his new position on 1 June 2014.

      Already a significant source of revenue and profit, the service business is becoming an increasingly important element in Vestas’ strategy to achieve profitable growth. Leveraging the world’s largest installed base, Vestas is therefore establishing a new stand-alone service organisation which will aim to capture the service business on as many of its new turbine orders as possible and to increase the current service contract renewal rate by developing higher value service offerings. With today’s announcement of Christian Venderby stepping into the position of GSVP Service, Vestas is taking the next steps in implementing a key element of its Profitable Growth for Vestas strategy.

      Christian Venderby is a Danish national with 20 years international experience and a long history with Vestas. He joined Vestas in 2006 as the CFO for North America and was appointed SVP Operations in 2010. Christian Venderby has led many successful initiatives, while being involved in most aspects of the management of Vestas’ business in North America with a focus on strengthening Vestas’ approach to customer success through optimum safety, quality, and financial and technical performance. Prior to joining Vestas, Christian Venderby spent more than 15 years with FLSmidth, a global supplier of equipment and services to the cement and minerals industries, in various international management roles in finance and construction in Japan, Brazil, Egypt and India.

      “I am pleased to announce the appointment of Christian Venderby as the GSVP Service at Vestas. Based on his experience, commitment and extensive accomplishments during his career, he is well qualified to build on Vestas’ existing service business achievements and we look forward to the many contributions he will bring to this vital business area, which is an important part of our new strategy, Profitable Growth for Vestas. Furthermore, the fact that we have been able to fill such an important position as this one with an internal candidate is also very satisfying for me to see”, comments Anders Runevad, CEO, Vestas Wind System A/S. 

      Cristian Venderby will be reporting directly to CEO Anders Runevad and will join the Vestas Executive Committee. To view details of the Vestas organisation, click here.

      Download photo of Christian Venderby

      For more information, please contact:
      Peter Gisselmann
      Press Officer
      Phone: +45 2276 1908 
      Email: pegra@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF


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      09:05 - 01 Apr 2014

      MHI Vestas Offshore Wind now operational

      Final closing of the joint venture between Vestas and Mitsubishi Heavy Industries (MHI), dedicated to offshore wind power, has now taken place. The new company, MHI Vestas Offshore Wind, has 380 employees and is headquartered in Aarhus, Denmark.

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      Final closing of the joint venture between Vestas and Mitsubishi Heavy Industries (MHI), dedicated to offshore wind power, has now taken place. The new company, MHI Vestas Offshore Wind, has 380 employees and is headquartered in Aarhus, Denmark.

      Following the approval from all relevant authorities, MHI Vestas Offshore Wind has been formally established as of 1 April 2014, ref. company announcements Nos. 41/2013 of 27 September 2013 and 9/2014 of 28 February 2014.

      The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbine as well as all marketing, sales and after-sales service related to offshore wind. Vestas and MHI have transferred a total of 380 employees to the new entity, which is owned equally by the parent companies.

      Anders Runevad, CEO of Vestas Wind Systems A/S and Vice Chairman of MHI Vestas Offshore Wind, is confident about the future of the new joint venture and states: “The Offshore wind power industry is very challenging and it takes just the right combination of reliable and proven technology, experience, knowledge and track record to succeed. I am confident that MHI Vestas Offshore Wind has exactly that right combination and I look forward to closely following the company towards becoming a global leader in offshore wind power.”

      “I am pleased to see MHI Vestas Offshore Wind now being operational. Vestas and Mitsubishi Heavy Industries each hold invaluable experience and knowledge which makes this joint venture an ideal opportunity and a technologically and financially robust platform to obtain a global leadership position within offshore wind,” says Chairman of the Board of MHI Vestas Offshore Wind, Masafumi Wani.

      From a financial perspective, the closing of the joint venture will only have a marginal impact on Vestas’ 2014 revenues and earnings due to the deconsolidation of the offshore business unit. A gain on the joint venture transaction of around EUR 50m will be booked as a special item.

      Furthermore, the closing will have the following balance sheet impacts for Vestas as from 1 April 2014:

      • a decrease in assets held for sale of EUR 350m as the V164 project and the offshore service order book are transferred to the joint venture,
      • a decrease in liabilities directly associated with assets held for sale of EUR 203m as the offshore service order book is transferred to the joint venture,
      • an increase in payables of EUR 51m primarily related to net project prepayments,
      • an increase in investments in associates of EUR 198m as the joint venture will be treated as an associated company in Vestas’ accounts from the time of closing,
      • an increase in cash at bank and in hand of EUR 50m as capex conducted from 1 September 2013 is reimbursed to Vestas and
      • an increase in retained earnings of EUR 50m due to the expected gain on the joint venture transaction.

      Management of MHI Vestas Offshore Wind
      The Board of Directors of MHI Vestas Offshore Wind consists of representatives from both companies chaired by Masafumi Wani, Chairman of Mitsubishi Heavy Industries Europe, Ltd. Vice Chairman of the Board of Directors is Vestas CEO Anders Runevad. 

      The management team in MHI Vestas Offshore Wind consists of:

      Chief Executive Officer: Jens Tommerup
      Co-Chief Executive Officer: Jin Kato
      Chief Financial Officer: Takao Arai
      Chief Sales Officer: Uffe Vinther-Schou
      Chief Operations Officer: Flemming Ougaard
      Chief Strategy Officer: Masato Yamada
      Chief Technical Officer: Torben Hvid Larsen
      Deputy Chief Technical Officer: Masahide Umaya

      We are already seeing the benefits of building on the capabilities and offshore track record of Vestas and MHI’s long-standing presence in global power markets and within related technologies and we have received tremendous positive feedback from our customers on the establishment of the joint venture. We look forward to taking the next steps in providing very competitive products and services to our customers as an independent company,” says Chief Executive Officer of MHI Vestas Offshore Wind, Jens Tommerup.

      The joint venture will be headquartered at:

      Dusager 4
      8200 Aarhus N
      Denmark

      The joint venture’s homepage is www.mhivestasoffshore.com and the site will become fully operational within a few hours after the disclosure of this announcement.

      Vestas’ future disclosure rules in relation to MHI Vestas Offshore Wind
      Vestas will inform the market through NASDAQ OMX Copenhagen if and when any events taking place in the joint venture are assessed to affect the price formation of the Vestas share, among other things, receipt of orders, which meet the below requirements:

      • Firm and unconditional orders from the joint venture to Vestas for Vestas-produced products (e.g. V112 turbines) with a value in excess of DKK 500m (~EUR 66m).
      • Firm and unconditional orders received by the joint venture with a value in excess of DKK 1bn (~EUR 130m).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      08:31 - 01 Apr 2014

      Vestas receives 194 MW order under EDF Renewable Energy master supply agreement in USA

      With reference to company announcement No. 16/2014 of 1 April 2014, Vestas has received a 194 MW order for V100-2.0 MW turbines from EDF Renewable Energy.

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      With reference to company announcement No. 16/2014 of 1 April 2014, Vestas has received a 194 MW order for V100-2.0 MW turbines from EDF Renewable Energy.

      This order is a call off on the master supply agreement (MSA) announced in September 2013 for multiple U.S. projects, the potential of which totals 1,174 MW. With today’s order, Vestas has secured 494 MW under this MSA.

      The highly popular V100-2.0 MW turbines will be supplied for projects located in the Texas panhandle and will include a multi-year Active Output Management (AOM) 5000 service agreement for 5 years. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      Vestas values the close collaboration we have with EDF Renewable Energy. This order is a strong vote of confidence from one of the most experienced wind energy developers in the country, and we look forward to continuing to deliver projects under the Master Supply Agreement the two companies announced an expansion of in September 2013,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Wind energy is a job-creator in this country, and this order will help keep our Colorado factories busy.

      This order represents another important milestone under the Master Supply Agreement between EDF Renewable Energy and Vestas, and supports our near-term wind project construction program in the Texas Panhandle, resulting in new local jobs, taxes and other forms of economic development,” said Ryan Pfaff, Executive Vice President of EDF Renewable Energy. “EDF Renewable Energy values its relationship with Vestas, and looks forward to continued collaboration under the MSA going forward.

      Delivery is expected to be completed in the 4th quarter of 2015, with commissioning completed the same year. To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      Media contact

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526
      Email: mizar@vestas.com

       

      Download pdf 

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      08:30 - 01 Apr 2014

      Vestas receives 194 MW order in the USA

      Vestas has received a firm and unconditional order for 97 V100-2.0 MW turbines under the EDF Renewable Energy master supply agreement.

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      Vestas has received a firm and unconditional order for 97 V100-2.0 MW turbines under the EDF Renewable Energy master supply agreement.

      Additional information about the project

      Customer: EDF Renewable Energy
      Project name: Undisclosed at the customer’s request
      Location/Country: Texas, USA
      Number of MW: 194 MW
      Number of turbines/turbine type 97 V100-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The order includes supply and commissioning of the wind turbines, as well as a five-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery is expected to be completed in the fourth quarter of 2015, with commissioning completed the same year.

      Total year-to-date announced order intake in MW: 584 MW, (see vestas.com/investor).

      As the order became firm and unconditional in the first quarter local time in Vestas Americas’ headquarters in Portland, Oregon, USA, the order will count as first-quarter 2014 order intake.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:

      Michael Zarin, Head of External Communications
      Tel.: +45 4084 1526

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

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      16:59 - 31 Mar 2014

      Signing and completion of new five-year revolving credit facility of EUR 1bn

      Vestas confirms signing and completion of its new five-year revolving credit facility at a total amount of EUR 1bn.

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      Vestas confirms signing and completion of its new five-year revolving credit facility at a total amount of EUR 1bn.

      With reference to company announcement No. 3/2014 of 3 February 2014, Vestas hereby confirms signing and completion of its new five-year revolving credit facility on 31 March 2014 at a total amount of EUR 1bn. The facility has been successfully increased from the originally agreed total of EUR 850m and is now arranged by a group of six banks comprising of Nordea, DNB, HSBC, SEB, Société Générale and UniCredit.

      Key commercial terms of the facility
      Vestas confirms that the credit facility has been raised on attractive terms that reflect the improved credit profile of Vestas and will provide a stable, long-term financing platform that adequately supports Vestas’ objective of profitable growth.

      Key commercial terms attached to the facility include, inter alia:

      • A total credit facility amount of EUR 1bn.
      • A maturity of five years from the date of signing of the facility documentation.
      • The facility provides for both cash drawings, with a sub-limit of EUR 500m, and issuance of project-related guarantees.
      • The new facility is for general corporate purposes.
      • The new facility is unsecured.

      Rothschild acted as financial adviser to the company in relation to the refinancing and Nordea acted as coordinating bank.

      Vestas is confident that the new credit facility will form a stable foundation for its strategy of profitable growth. Going forward, Vestas will continue to assess its debt financing requirements and options across all non-public and public debt markets.

      Contact details
      Vestas Wind Systems A/S

      Henrik Guldbæk Welch, Senior Vice President, Group Treasury, Tel.: +45 9730 8205 and

      Lars Villadsen, Senior Vice President, Investor Relations, Tel.: +45 9730 7201

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      14:20 - 31 Mar 2014

      Vestas receives 48 MW order for first V117 turbines in Italy

      Vestas has received its first order for supply, installation and commissioning of V117-3.0 MW and V117-3.3 MW turbines to be installed in Italy.

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      Vestas has received its first order for supply, installation and commissioning of V117-3.0 MW and V117-3.3 MW turbines to be installed in Italy.

      The contracts for the two wind power plants in Basilicata include supply, installation and commissioning of six V117-3.0 MW and nine V117-3.3 MW wind turbines, respectively. The order also includes a VestasOnline® Business SCADA system as well as a 10-year AOM 5000 service agreement.

      The wind turbines are scheduled to be delivered in the third quarter of 2014 and to be commissioned before the end of 2014.

      The orders have been placed by Asja Ambiente Italia SpA (www.asja.biz) an international holding company that designs, builds and manages renewable power plants.

      We are proud to be the first company to be operating Vestas’ V117-3.0 and V117-3.3 MW turbines in Italy, and we are confident that our new wind investments will be secured through the proven technology of a platform that has been installed all over the world,” states Alessandro Casale, CEO of Asja, “We look forward to the completion of the wind power plants, whose renewable energy capacity adds up to the more than 170 MW already installed and fully operational worldwide.

      We are glad to announce the signature of these two new contracts with Asja, only a few weeks after renewing a 56 MW service contract for the next ten years,” comments Rainer Karan, General Manager, Vestas Italia, who continues, “our long-lasting partnership dates back to 2003 when Asja first installed a wind power plant in Sicily and we are glad to offer our new 3 MW platform variants for Asja’s new wind power plants.” 

      The two wind power plants will have an estimated annual production of over 140,000 MWh per year, which will save the environment from almost 57,000 tons of CO2 emissions on an annual basis. Furthermore, they will provide enough electricity to cover the residential electricity consumption of more than 120,000 people in Italy.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas 

      Vestas in Italy
      Vestas has been operating in the Italian market since 1998 through the company Vestas Italia, part of Vestas Mediterranean handing all sales operations and maintenance activities in Italy. The Italian sales unit is also responsible for the business development activities in Switzerland, the Balkans, Libya, Egypt and Jordan.

      Vestas Italia’s headquarters and main sales office are located in Rome. The company also has an operations office in Taranto, a customer service centre in San Giorgio, as well as service and logistics facilities spread all over the country and on the main islands. As of 31 December 2013, Vestas has installed 3,315 MW of wind capacity in the country.

      For media inquiries, please contact
      Velia Senatore, Communications Partner, External Relations,
      Tel.: +39 099 460 6415

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      17:30 - 28 Mar 2014

      Vestas receives 98 MW order in North America

      Vestas has received a firm and unconditional order for 98 MW in North America.

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      Vestas has received a firm and unconditional order for 98 MW in North America.

      Additional information about the project

      Customer: Undisclosed at the customer’s request
      Project name: Undisclosed at the customer’s request
      Location/Country: North America
      Number of MW: 98 MW
      Number of turbines/turbine type Undisclosed at the customer’s request
      Contract type: Supply-only
      Contract scope: The order includes supply and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Deliveries for the project are expected in late 2014 with commissioning completion expected in early 2015.

      Total year-to-date announced order intake in MW: 342 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      15:30 - 28 Mar 2014

      Share-based incentive programme 2014

      The Board of Directors of Vestas Wind Systems A/S has decided to continue the company’s share-based incentive programme and make a new launch for 2014

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      The Board of Directors of Vestas Wind Systems A/S has decided to continue the company’s share-based incentive programme and make a new launch for 2014

      The Board of Directors of Vestas Wind Systems A/S has decided to continue the company’s share-based incentive programme and make a new launch for 2014 based on the terms and conditions governing the restricted performance shares in 2013, ref. Vestas’ remuneration policy and general guidelines for incentive pay.
      The programme includes the Executive Management, Group Senior Vice Presidents, Senior Vice Presidents, Vice Presidents, Chief Specialists and Chief Project Managers in all business units in the Vestas Group as well as Vestas Wind Systems A/S. The programme for 2014 includes 197 participants.

      The number of performance shares to be granted to each participant for 2014 is based on a target level for each corporate level.

      The actual number of restricted performance shares available for distribution depends on Vestas’ performance on EBIT margin and free cash flow. In addition, specific KPIs have been defined for each of the business areas: Sales, Manufacturing & Global Sourcing and Technology & Service Solutions. The minimum outlook of a free cash flow of EUR 300m and an EBIT margin of 5 per cent must both be significantly exceeded in order for any performance shares to be granted.

      Depending on the performance, the total number of shares to be granted will amount to between 0 and a maximum of 575,000 shares (out of which between 0 and a maximum of 180,000 shares to the Executive Management). With the total present value calculated on the basis of the current share price, the grant will amount to between EUR 0 and a maximum of approx EUR 15m (value at close of NASDAQ OMX Copenhagen on 24 March 2014). The actual number of shares available for distribution will be communicated to each participant in 2015 after the disclosure of Vestas’ annual report for 2014. The number of shares available for distribution may be adjusted in the event of changes in the company’s capital structure.

      Provided that the requirements are met, the shares will be granted in two equal portions in 2017 and 2019 – conditional upon the participant not having handed in her/his notice at the time of grant as set out in the specific terms and conditions of the programme and subject to mandatory law.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      10:00 - 28 Mar 2014

      Vestas appoints new Country President of Vestas Brazil

      Ruben Lazo has been appointed new Country President of Vestas Brazil. Joining Vestas from a position as Chief Commercial Officer in AREVA S.A, in France, he enters into his new position on 1st April.

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      Ruben Lazo has been appointed new Country President of Vestas Brazil. Joining Vestas from a position as Chief Commercial Officer in AREVA S.A, in France, he enters into his new position on 1st April.

      Ruben Lazo is a German national with extensive experience across multiple businesses and functions internationally. He held various leadership positions in Germany, Brazil, Russia and the United States, before most recently serving as Chief Commercial Officer in AREVA S.A. in France, a global company active in nuclear and renewable energy power generation plants, power transmission and distribution.

       “It is with great pleasure that I welcome Ruben Lazo as Country President of Vestas Brazil. His thirty years’ of experience as an industry manager and his international profile will allow us to develop existing and new opportunities in Brazil,” comments Marco Graziano, GSVP and Vestas Mediterranean President, “This appointment is a key step in Vestas’ increased focus and commitment to the Brazilian wind market.  We believe that Brazil will play a strategic role in the years to come and we are aiming at playing a key part in its wind energy market’s development, with Vestas’ profitable growth ambition.”

      Vestas installed its first turbines in Brazil in 2000 and opened its office in São Paulo in 2008. As of the end of 2013, Vestas has installed 626 MW of wind capacity installed in the country and employs 110 people across eight locations.

      Ruben Lazo states: "Vestas is a strong player in the entire Latin America region and I am looking forward to using my knowledge and experience to support Vestas’ increased focus on Brazil. I look forward to working with my new colleagues to reinforce our presence in Brazil and contribute to Vestas’ profitable growth.”

      Download photo of Ruben Lazo 

      For media enquiries, please contact: 
      Velia Senatore
      Communications Partner, External Relations
      T +39 099 460 6415
      veise@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. 
      With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF


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      16:30 - 24 Mar 2014

      Vestas Wind Systems A/S’ Annual General Meeting on 24 March 2014

      Vestas Wind Systems A/S’ Annual General Meeting on 24 March 2014

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      Vestas Wind Systems A/S’ Annual General Meeting on 24 March 2014

      The Annual General Meeting of Vestas Wind Systems A/S has been held today.

      Agenda and resolutions

    • The Board of Directors’ report (subject was not for voting).
    • Presentation and adoption of the annual report.
      The annual report 2013 was approved. 
    • Resolution for the allocation of the result of the year.
      It was resolved that there will be no distribution of dividend for 2013.
    • Election to the Board of Directors.
      Bert Nordberg, Carsten Bjerg, Eija Pitkänen, Henrik Andersen, Henry Sténson, Jørn Ankær Thomsen, Lars Josefsson and Lykke Friis were elected as members of the board. 
    • Adoption of the remuneration of the Board of Directors.

      5.1 Approval of the final remuneration of the Board of Directors for 2013.
      The Board of Directors proposed that the remuneration of the Board of Directors and the remuneration of membership of board committees remain unchanged as approved by the general meeting in 2013.
      The final remuneration of the Board of Directors for 2013 was approved.

      5.2 Approval of the level of remuneration of the Board of Directors for 2014.
      The Board of Directors proposed that the level of remuneration for 2014 is based upon a basic remuneration of EUR 47,966 per board member as well as a remuneration of EUR 23,984 per membership of one of the board committees.
      The Board of Directors’ proposal for remuneration for 2014 was adopted. The adoption implies an increase of 10 per cent.
    • Appointment of auditor.
      PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as auditor of the company.
    • Proposals from the Board of Directors and shareholders.

      Proposals from the Board of Directors

      7.1 Amendment (rewording) of articles 6(2-3) and 11 to the articles of association as a consequence of the changes to the Danish Companies Act.
      The amendment to the articles of association was approved.

      7.2 Decision that the annual report may be prepared and presented in English.
      98.78 per cent of the represented capital voted for the proposal, and the proposal was approved.

      7.3 Renewal of the authorisations to increase the company’s share capital (authorisations to issue new shares with or without pre-emptive rights equivalent to 10 per cent of the share capital).
      The Board of Directors was authorised to increase the company’s share capital as per the proposed. The authorisations are valid until 1 March 2019.

      7.4 Authorisation to acquire treasury shares.
      The Board of Directors was authorised to let the company acquire treasury shares as per the proposed.

      Proposals from shareholder

      7.5 Proposals from shareholder Kjeld Beyer, Denmark.

      7.5.a Requirements of accounting details in the notice convening annual general meetings.
      The proposal was not approved.

      7.5.b The company’s financial reports and company announcements must be available in Danish on the company’s website for at least five years.
      The proposal was not approved.

      7.5.c No more than two or three menu items must be required on the website to view the company’s financial reports. The Investor website must be easily accessible and in Danish.
      The proposal was not approved.

      7.5.d Refreshments provided in connection with annual general meetings must reasonably match the outlook for the coming year.
      The proposal was not approved.
    • Authorisation of the chairman of the general meeting (with a right of substitution) to file and register the adopted resolutions with the Danish Business Authority.
      The chairman of the general meeting was authorised as per the proposed.
    • After the Annual General Meeting, the Board of Directors held a statutory board meeting. At the meeting, Bert Nordberg was re-elected as chairman of the Board and Lars Josefsson was re-elected as deputy chairman of the Board.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      10:30 - 17 Mar 2014

      Vestas receives 21 MW order in Germany and signs framework agreement for 225 MW

      Vestas builds on partnership with leading German wind power plant developer juwi by signing strategic agreement and firm order for seven V112-3.0 MW turbines.

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      Vestas builds on partnership with leading German wind power plant developer juwi by signing strategic agreement and firm order for seven V112-3.0 MW turbines.

      Vestas and juwi have signed a framework agreement for 75 units of Vestas’ 3 MW platform, with an order for 21 MW now firm and unconditional.

      The new frame agreement and order follows the successful completion of a previous agreement for 47 wind turbines, signed in 2012.

      The firm order consists of seven V112-3.0 MW turbines to be installed in Rhineland-Palatinate during the third quarter of 2014. The contract comprises supply, installation and commissioning of the wind turbines, along with a VestasOnline® Business SCADA solution, as well as a 15-year full-scope service agreement (AOM 4000).

      The remainder of the frame agreement is expected to be delivered and installed within 2014 at sites in Western, Central and Southern Germany.

      We are pleased to contribute further to the development of wind power energy in Germany with this agreement. Vestas’ advanced wind turbines enable us to offer our various customers reliable technology for sustainable energy production. Together with juwi and Vestas, regional utilities, and citizen cooperatives are able to contribute in an economically meaningful way to the energy turnaround,” underlines juwi founder and board member Matthias Willenbacher.
       
      We are proud to enter – only one year after our first - a second strategic agreement with juwi, one of the leading developers in the German market. This agreement proves their trust in our technology and partnership, and we strive to deliver leading technology as well as flawless project execution to maximise the business case certainty for juwi and their customers,” states Klaus Steen Mortensen, President of Vestas Central Europe.

      In August 2010, Vestas released the first wind turbine in its new 3 MW platform, the V112-3.0 MW turbine, which has been very well received by the market. As of 31 December 2013, Vestas has delivered 937 V112-3.0 MW turbines worldwide representing a total capacity of more than 2.8 GW, and has received more than 5 GW of firm orders for this model.

      About the juwi group
      Founded in 1996 by Matthias Willenbacher and Fred Jung, juwi is one of the world’s leading specialists in renewable energy project development and products. juwi employs around 1,700 people worldwide and had a turnover of around one billion euros in 2012. Company activities include solar, wind and bioenergy as well as solutions for direct and self-supply of eco-friendly heat and power.

      About Vestas 
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 62 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of  wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      Vestas entered the German market in 1986. Since then, the company has delivered more than 6,500 turbines representing a total capacity of about 9,000 MW to this key market. Today, Vestas has a market share of 24.2 per cent. Vestas’ full wind energy value chain is represented in Germany; R&D, production, sales locations and a unique service infrastructure as well as business unit headquarters. Vestas employs around 2,000 people in Germany.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Contact details
      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

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      15:30 - 12 Mar 2014

      Vestas showcases leadership as wind power pioneer

      A new campaign celebrates Vestas’ unique capabilities as first mover and partner in developing projects in 35 countries around the world, more than any other wind manufacturer.

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      A new campaign celebrates Vestas’ unique capabilities as first mover and partner in developing projects in 35 countries around the world, more than any other wind manufacturer. 

      Vestas has launched the Wind Power Pioneers campaign aimed at demonstrating the company’s unique capabilities and value proposition in pioneering wind power in more than 35 countries around the world, since the wind industry was established in 1978.

      Pioneering new wind markets presents many unexpected challenges for developers of wind power. These include electrical grid connections, transportation and logistics, geographic limitations and measurement of wind resources. The Wind Power Pioneers campaign demonstrates that with a solid partner with the right experience, accompanied by industry-leading products and service portfolio, these challenges can be overcome, leading the way for further wind power projects.
       
      Through the website windpowerpioneers.vestas.com the campaign harnesses the interactive power of social media to retrace the stories of the first wind power plants installed in countries around the world, where Vestas turbines were the first to be connected to the grid. The stories demonstrate the value proposition that has made Vestas a reliable and innovative partner for customers moving into new markets, providing the highest level of expertise and technology.

      Vestas officially presented the Wind Power Pioneers campaign at EWEA 2014, Europe’s premier wind energy event.

      At the launch of the campaign Damien Piana, Chief Operating Officer of La Compagnie du Vent, part of the GDF Suez group, told the story of the long lasting partnership between Vestas that was born with the installation of a V25-200 kW Vestas wind turbine in Port-la-Nouvelle, in France, in 1991.

      "The wind energy industry in France was set in motion in 1991, when the first Vestas wind turbine was connected to the French national grid. La Compagnie du Vent is very proud to have been at the start of this great venture and to still be operating this same V25-200 kW turbine, 23 years later, that we affectionately call “la doyenne (the senior)”, said Damien Piana.

      “For more than 35 years, Vestas has introduced new technologies and solutions that have allowed us to pioneer wind energy and open up new wind markets worldwide,” said Vestas Group SVP Chief Marketing and Communication Officer Morten Albæk. 

      “Our job is ongoing, and our goal is to keep pushing the boundaries so that our customers’ wind power projects can become a reality regardless of location, climatic conditions, regulatory situation or infrastructures.”

      For media enquiries, please contact: 
      Morten Kamp Jørgensen
      Communications, External relations
      T +45 2237 1433
      mokjo@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

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      18:30 - 11 Mar 2014

      Vestas factories see growth in Colorado to meet U.S. and Canadian market demand

      Two blade factories have already filled about 400 positions and Vestas expects to add at least 450 more production workers in 2014.

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      Two blade factories have already filled about 400 positions and Vestas expects to add at least 450 more production workers in 2014.

      One of the best years for wind-turbine orders for Vestas has led to significant hiring at its four Colorado factories. The company’s blade factory in Windsor, blade and nacelle factories in Brighton and tower factory in Pueblo expect to add more than 850 production workers this year after Vestas secured orders in 2013 for nearly 900 turbines.

      Working with Elwood Staffing, Vestas this year already has filled about 400 positions at its Colorado blade and nacelle factories and has received more than 3,200 applications overall. About 450 additional factory positions are expected to be filled this year. Candidates can apply at ElwoodWindJobs.com.

      “We are going to be extremely busy making blades, nacelles and towers this year through at least 2015,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We have excellent turbines like the V110-2.0 MW and V100-2.0 MW that are very competitive in the U.S. market — and they’re made right here in Colorado. Some of the world’s largest utilities and energy developers are buying them because they are confident in the proven technology, quality and durability of our products.”

      The positions are considered temporary with the opportunity to be hired as regular Vestas employees. Since late 2013, Vestas has already converted more than 60 people to regular employees at the Brighton blade factory. Employees hired directly by Vestas receive a comprehensive benefits plan that includes health care, generous vacation and sick time, as well as a 401(k) with an employer match.

      “Our world-class Colorado factories help us compete in the U.S. market,” Brown said. “Since we opened our first factory six years ago, it’s allowed us to conduct business in American dollars, build a domestic supply chain, and reduce transportation costs.”

      Based on orders received in 2013, Vestas has the potential for an additional 2.6 GW of turbine sales in the United States and Canada. In addition to fulfilling regional orders, Vestas also is exporting blades, towers and nacelles from Colorado to projects in Mexico, Brazil and Uruguay.

      In 2011 and 2012, a downturn in the U.S. wind industry proved challenging for Vestas and other renewable-energy companies. Today, Vestas is completely debt-free, earned a profit in 2013 and expects strong earnings in 2014.

      Vestas employs more than 1,450 people in Colorado with the large majority working at the manufacturing facilities. In 2013, Vestas hired more than 300 people at its tower factory in Pueblo to meet customer demand. The tower factory plans to hire 80 more people in the next few months and is expected to reach full capacity utilization in 2014. Vestas also employs people in service and maintenance at two wind farms, as well as at a tools warehouse in Denver. By the end of 2014, Vestas expects to have more than 2,000 workers in the state.

      Across the United States, the wind industry has more than 550 factories in 44 states. Turbine components produced domestically and installed in the U.S. have grown from about 25 percent in 2005 to more than 70 percent in 2013, according to the American Wind Energy Association.

      Media contact:
      Andrew Longeteig, Vestas Communications, North America          
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 51,000 wind turbines in 73 countries. With 62 percent more megawatts installed than its closest competitor and over 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,444 turbines to the United States and 1,608 to Canada. Combined, Vestas’ installed capacity is 13,820 MW in 28 U.S. states and every Canadian province — enough to power more than four million households. 

      Vestas employs 16,000 people worldwide at its service and project sites, research facilities, factories and offices all over the world. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. Learn more about Vestas at www.vestas.com and by following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

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      18:00 - 11 Mar 2014

      New report confirms Vestas as clear market leader in 2013

      Vestas installed 13.2% of all wind energy in 2013 according to MAKE Consulting, 28% more megawatts than our closest competitor.

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      Vestas installed 13.2% of all wind energy in 2013 according to MAKE Consulting, 28% more megawatts than our closest competitor.

      The 2013 market share report from independent consulting group MAKE confirms Vestas as the clear market leader.  According to MAKE’s figures, Vestas installations in 2013 were 28% more than our closest competitor. 

      Vestas installed turbines in 31 countries last year.  According to Vestas’ own figures, our largest market for installations in 2013 was Germany, followed by China, Canada, and Brazil.  Vestas’ largest market for sales in 2013 was the United States, followed by Germany, Canada, and Sweden.

      CEO Anders Runevad says, “Vestas has been through a tough two-year turnaround process to return to profitability.  That we simultaneously achieved our financial goals in 2013 and solidified our market leadership is a testament to the strength of the company.”

      Runevad continues, “Installing projects in 31 markets and signing firm orders in 37 underlines our status as a truly global turbine supplier, enabling Vestas to better balance the inevitable ups and downs in individual markets from year-to-year.”

      Media contact:
      Michael Zarin, Head of External Communications      
      Tel.: +45 4084 1526 
      Email: mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62% more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Download PDF

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      17:30 - 07 Mar 2014

      New tower enables increased power production at low wind sites

      Vestas has launched the Large Diameter Steel Tower, a cost effective solution to increase tower height for 3 MW turbines to over 140m. The new solution boosts annual energy production on low wind sites by up to eight per cent.

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      Vestas has launched the Large Diameter Steel Tower, a cost effective solution to increase tower height for 3 MW turbines to over 140m. The new solution boosts annual energy production on low wind sites by up to eight per cent.

      The Large Diameter Steel Tower (LDST) - an innovative solution patented by Vestas - enables cost effective taller towers to take advantage of stronger wind conditions at higher hub heights for the V117-3.3 MW and V126-3.3 MW turbines, increasing annual energy production and therefore revenue for customers.

      On a typical site with a mean wind speed of 6.5m/s, the LDST will increase annual energy production by up to eight per cent at a hub height of 137 meter for the V126-3.3 MW compared to a hub height of 117 meter for the conventional steel tower.

      Increasing the tower heights increases the force exerted by the wind on the base of the tower. Typically, this requires the use of thicker steel plates.  The LDST instead increases the diameter of the bottom section, increasing the strength while using little extra steel, reducing production costs, and ensuring lower cost of energy. 

      “Vestas’ product development strategy is to continue to optimise our technology in order to lower the cost of energy for our customers,” explains Chief Technology Officer Anders Vedel. “The LDST is the most cost efficient solution in the industry to meet the demand for increased tower height for the 3 MW turbines.”

      Solving the transport challenge

      The increased diameter of the tower presents a challenge in terms of transportation. Vestas has solved this by delivering the bottom tower section in three lengthways segments. These can easily and cost effectively be transported on a flatbed truck and reassembled on site using vertical flanges to ensure strength.

      Vestas is the only manufacturer able to produce the LDST and has over 25 years of experience with steel towers. A prototype for the V112-3.3 MW was delivered in Germany in 2013. Vestas has already received firm orders for over fifty turbines using the LDST technology.

      The LDST will be available in 137 meters for the V126-3.3 MW and 141.5 meters for the V117-3.3 MW.

      For more information, please contact:

      Matt Whitby, Press & Communication Officer, Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Close article
      14:30 - 07 Mar 2014

      Vestas signs 30 MW order as part of a 207 MW framework agreement in Turkey

      Vestas has signed a framework agreement to deliver 207 MW across five locations in Turkey to a joint venture between the German utility EnBW and the Turkish holding company Borusan, with the first 30 MW order firm and unconditional.

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      Vestas has signed a framework agreement to deliver 207 MW across five locations in Turkey to a joint venture between the German utility EnBW and the Turkish holding company Borusan, with the first 30 MW order firm and unconditional.

      The deal represents the largest customer framework agreement in the Turkish wind power market ever.

      As part of the framework agreement, Vestas will supply nine V112-3.3 MW turbines for the extension of the Bandirma wind power plant located in the Balikesir Province, south of Marmara Sea, Turkey. Deliveries are expected to occur in the fourth quarter of 2014 with commissioning in the first quarter of 2015.

      The 30 MW contract includes supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system, as well as a five-year full-scope service agreement (AOM 4000), extendable to 10 years.

      The Bandirma project today consists of 15 V90-3.0 MW turbines, installed in 2008.

      Once completed, the Bandirma wind power plant will have a total estimated annual production of more than 292,000 MWh per year, which will save the environment from over 130,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 485,000 people in Turkey. “We have taken the decision to realise one of the largest onshore wind farm portfolios in Europe. To achieve our goal of being the leader in wind generation in Turkey, we have chosen one of the world's foremost wind turbine manufacturers, based on Vestas’ capability of ensuring business case certainty for our long-term plan, together with superior new technology which we look forward installing across the country,” states Mehmet Acarla, General Manager of Borusan EnBW Enerji.

      “This agreement and order is an indication of Vestas’ focus on building solid partnerships with customers to meet their business needs,” comments Marco Graziano, President of Vestas Mediterranean, who continues, “our goal is to ensure them the best return on the investment, while supporting further development of wind energy in Turkey where we have a solid presence and a cumulative market share of 22 per cent.”

      For media inquiries, please contact

      Velia Senatore, Communications Partner, External Relations
      Tel.: +39 099 460 6415, veise@vestas.com

      About Vestas 

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind power energy. We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas


      About Vestas in Turkey

      Vestas has been operating in Turkey since 1984 when it installed its first turbine. Since then, Vestas has delivered 640 MW of wind power capacity to the country. In January 2008, Vestas established an office in Istanbul and has three warehouses and service locations in the country.
      Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.

      About Borusan EnBW Enerji
      Borusan EnBW Enerji, a company headquartered in Istanbul, was founded in the summer of 2009 as a joint venture between EnBW AG and the Turkish conglomerate Borusan Holding. The aim of the joint venture is to expand Turkey's electricity generation capacity by some 2,000 megawatts, primarily in the field of renewable energy

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      02:00 - 07 Mar 2014

      Vestas receives 99MW order, our largest ever in Finland

      TuuliWatti Oy has placed a 99MW order with Vestas for two projects in Finland using V126-3.3 MW turbines and the new Large Diameter Steel Tower technology.

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      TuuliWatti Oy has placed a 99MW order with Vestas for two projects in Finland using V126-3.3 MW turbines and the new Large Diameter Steel Tower technology.

      Vestas has received its largest ever order in Finland with a 99 MW order from leading Finnish developer TuuliWatti Oy. The order consists of two projects utilising V126-3.3 MW turbines and featuring Vestas’ Large Diameter Steel Towers (LDST), which allows for taller hub heights and therefore greater annual energy production at low wind speeds.

      The order comprises the 73 MW Kalajoki project, which will be the first large-scale wind power plant in Finland. Delivery of the turbines will begin in the fourth quarter of 2014 and the project is expected to be completed in Q3 2015. 

      Delivery of the 26 MW Siikainen project will begin in Q3 2014 and is expected to be completed in Q1 2015.  Both projects include a VestasOnline® Business SCADA system and a five-year Active Management Output (AOM) 5000 service agreement with options for two additional extensions of five years.  

      Jari Suominen, Managing Director of TuuliWatti Oy, notes, “Technical development of industrial wind power is fast and it is very important to us to ensure that we have the cutting edge technology available for our needs through our partners. We are pleased to strengthen our good partnership with Vestas with these large-scale wind power projects.”

      “Vestas is extremely pleased that TuuliWatti Oy has chosen us to partner with them to develop Finland’s largest wind power plant,” says Klaus Steen Mortensen, President of Vestas Northern Europe. “Finland is an increasingly important market and Vestas’ ability to offer leading technology solutions such as the V126-3.3 MW and the LDST provides our customers with a competitive value proposition for generating more energy on low wind sites.”

      Generating more revenue from low wind sites

      The two projects feature the V126-3.3 MW, which can produce up to 20% more power compared to the V112-3.0 MW on a site with average wind speeds of 6.5 m/s. The towers for the projects will be the recently launched Large Diameter Steel Towers, (LDST), a Vestas-patented concept that features a special wider diameter lower section of the tower, resulting in increased strength without adding extra steel.  Therefore Vestas can provide higher towers to customers to optimise power generation at low wind speed sites for the V117-3.3 MW and V126-3.3 MW.

      For more information, please contact:

      Michael Zarin
      Head of External Communications
      Vestas Wind Systems A/S
      Tel: +45 4084 1526
      mizar@vestas.com

      To arrange an interview with Krister Poole Jönsson, Vestas Northern Europe, Vice President, Sales, Nordic and Baltic region, please contact Michael Zarin.

      About TuuliWatti Oy
      TuuliWatti Oy is the leading operator in industrial wind power in Finland. It is a company established in 2009 as a joint venture between St1 and S Group. St1 is a Finnish energy company whose vision is to be the leading producer and seller of CO2-aware energy. The company researches and develops economically viable and environmentally sustainable energy solutions. S Group consists of cooperatives as well as SOK and its subsidiaries. It is a network of companies in the retail and service trades comprising over 1,600 outlets in Finland, which also places the corporation among the top ten electricity consumers in the country. TuuliWatti aims to develop and construct significant onshore wind power capacity in Finland in the next coming years. Please visit www.tuuliwatti.fi.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas has installed approximately 25% of Finland’s total installed capacity, and close to 50% of the country’s wind installations in 2013. 
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      About AOM 5000
      AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and supports preventive maintenance practices that minimise turbine downtime.

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      01:10 - 07 Mar 2014

      Vestas receives 99 MW order in Finland

      Vestas has received a firm and unconditional order for two V126-3.3 MW projects in Finland with a total capacity of 99 MW.

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      Vestas has received a firm and unconditional order for two V126-3.3 MW projects in Finland with a total capacity of 99 MW.

      Additional information about the project

      Customer: TuuliWatti Oy
      Project name: Kalajoki and Siikainen
      Location/Country: Kalajoki and Siikainen, Finland
      Number of MW: 99 MW
      Number of turbines/turbine type 30 x V126-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The order comprises delivery of the wind turbines together with a five-year AOM 5000 service agreement with an option for extension of up to ten years.
      Time of delivery Installation of the Kalajoki project will begin in the fourth quarter of 2014 with commissioning expected in the third quarter of 2015. Installation of the Siikainen project will begin in the third quarter of 2014 with commissioning expected in the first quarter of 2015.

      Total year-to-date announced order intake in MW: 193 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Northern Europe, Sweden
      Klaus Steen Mortensen, President

      For more information, or to arrange an interview with Klaus Steen Mortensen, please contact:
      Michael Zarin, Head of External Communications Tel: +45 4084 1526 

      A news release from Vestas Northern Europe regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

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      10:30 - 06 Mar 2014

      Vestas announces intended consolidation of offices in Aarhus.

      Vestas’ new corporate strategy “Profitable Growth for Vestas,” presented as part of the disclosure of the 2013 annual results on February 4th, entails a detailed plan for the company to further build on the successful turnaround and continuously increase profitability.

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      Vestas’ new corporate strategy “Profitable Growth for Vestas,” presented as part of the disclosure of the 2013 annual results on February 4th, entails a detailed plan for the company to further build on the successful turnaround and continuously increase profitability.

      One of the strategic objectives in “Profitable Growth for Vestas” is to “Improve Operational Excellence,” which will be achieved through, among other initiatives, site consolidation and simplification of Vestas’ geographical footprint.  As part of this site consolidation, Vestas has today announced that it intends to sell one of its buildings located at Hedeager in Aarhus and that a number of commercial functions are expected to be relocated from Aarhus to Copenhagen during the second half of 2014. 
       
      Vestas headquarters and the CEO office will remain in Aarhus.

      The commercial functions selected for relocation are: Global Sales; Global Marketing, Communications & Corporate Relations; and, Finance (excluding IT).  All employees working in the affected functions will be offered to relocate to Copenhagen.
       
      These functions have been selected for relocation as they require a closer proximity to some of Vestas’ key stakeholders, such as, customers, financiers, investors, politicians, media, agencies, etc.  The relocation will also enable more efficient travel in and out of Copenhagen Kastrup Airport. 
       
      The total amount of relocated positions is expected to be around 200, which is less than 15% of the total Vestas workforce in Aarhus. This relocation is expected to increase Vestas’ flexibility, free up cash and generate savings of approximately EUR 10M per year once this process is completed. 
       
      The relocation to Copenhagen is expected to start on 1 August 2014 and to be finalised by 31 December 2014.
       
      Vestas’ new office location in Copenhagen is expected to be at Hedegaardsvej 88, 2300 Copenhagen S.

      Media contact:
      Michael Zarin, Vestas Wind Systems A/S      
      Tel.: +45 4084 1526 
      Email: mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

      Download PDF


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      11:15 - 05 Mar 2014

      Vestas wins 72.6 MW order for one of Germany’s largest citizen-owned wind power plants

      BWP Eider GmbH & Co. KG orders 22 V112-3.3 MW turbines for Schleswig-Holstein.


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      BWP Eider GmbH & Co. KG orders 22 V112-3.3 MW turbines for Schleswig-Holstein.

      With reference to the Vestas Wind Systems A/S company announcement No. 10/2014 of 5 March 2014, Vestas has received a firm and unconditional order for 72.6 MW from BWP Eider GmbH & Co. KG for their citizen-owned wind power plant in northern Germany. 

      The wind turbines will be installed in the region of Eider in Schleswig-Holstein. Wind turbine delivery is planned to start in the third quarter of 2014 and commissioning is expected to start in the fourth quarter of 2014. 
      The contract comprises supply, installation and commissioning of 22 V112-3.3 MW turbines, along with a VestasOnline® Business SCADA solution as well as a 15-year full-scope service agreement (AOM 5000). 

      With 700 local residents investing, this power plant is a successful example for a democratic change in the energy mix,“ say Marcus Alexander Rolfs und Gerald Grimmer, Managing Directors of the Eider wind power plant. “We are confident that Vestas will be an excellent partner. We are impressed by Vestas’ quick supply, installation and commissioning, and convinced by the advanced technology and high performance of the V112-3.3 MW turbine. With its efficient full converter technology, it fulfils even the highest grid requirements.“ 

      The wind power plant will produce more than 190 GWh per year, enough green energy to cover the residential electricity consumption of more than 49,000 German four-person-households. 

      The citizen-owned wind power plant Eider is a lighthouse project, which shows the potential and competitiveness of our wind energy solutions,” says Hans Vestergaard, Senior Vice President Sales of Vestas Central Europe. “Citizen-owned wind power plants is a key part of the particularly strong support for wind power we see especially in northern Germany.” 

      In August 2010, Vestas released the first wind turbine in its new 3 MW platform, the V112-3.0 MW turbine, which has been very well received by the market. As of 31 December 2013, Vestas has delivered 937 V112-3.0 MW turbines worldwide representing a total capacity of more than 2.8 GW, and has received more than 5 GW of firm orders for this model. 

      Contact details

      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com


      Download (pdf)

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      11:10 - 05 Mar 2014

      Vestas receives 72.6 MW order in Germany

      Vestas has received a firm and unconditional order for 22 V112-3.3 MW turbines for Germany.

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      Vestas has received a firm and unconditional order for 22 V112-3.3 MW turbines for Germany.

      Additional information about the project

      Customer: BWP Eider GmbH & Co. KG
      Project name: Bürgerwindpark Eider
      Location/Country: Schleswig-Holstein, Germany
      Number of MW: 72.6 MW
      Number of turbines/turbine type 22 x V112-3.3 MW
      Contract type: Turnkey
      Contract scope: Supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA solution as well as a 15-year full-scope service agreement (AOM 5000).
      Time of delivery Delivery of the wind turbines will begin in the third quarter of 2014 and the wind power plant is expected to be commissioned in the fourth quarter of 2014.

      Total year-to-date announced order intake in MW: 94 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download company announcement (pdf)

      Download news release (pdf)

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      11:00 - 05 Mar 2014

      Vestas and EP Global Energy join forces to provide wind energy solutions in Jordan and other Middle Eastern countries

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      As part of the Wind for Prosperity program, Vestas and EP Global Energy signed a Memorandum of Understanding today on bringing wind energy solutions to remote communities in the Middle East.

      With today’s agreement, Jordan is set to become the first country in the Middle East and the second country globally to host a Wind for Prosperity project.  Facing severe energy challenges owing to rising local consumption and limited domestic fossil fuel resources, Jordan and its energy consumers will benefit from increasing the supply of reliable, affordable, and locally produced electricity.

      Under the MOU, Vestas and EP Global Energy will collaborate to deploy wind energy solutions to help improve access to electricity for communities that currently have no or only limited energy infrastructure.  The first project under the MOU is expected to be commissioned in Jordan before the end of 2014 and will utilize the Wind for Prosperity hybrid solution to bring electricity to more than 100.000 people.

      According to Efthyvoulos Paraskevaides, chairman of EP Global Energy, "The Wind for Prosperity initiative is a cost-effective and robust way to provide electricity from non-polluting renewable sources to those communities that need it most. We look forward to working with Vestas to bring this project to fruition.”


      Morten Albæk, Vestas Group Senior Vice President & CMO, concludes, “This agreement is an important milestone – for Wind for Prosperity, the Middle East region, and especially for Jordan. Our partnership with EP Global Energy is gratifying example of complementary strengths advancing shared goals.  Partnering with EP Global Energy will allow Wind for Prosperity to scale up and travel to new countries to the benefit of those living in energy poverty.”

      The Memorandum of Understanding signed today further solidifies the collaboration between Vestas and EP Global Energy, building on the 117 MW Al Tafila project in Jordan, announced in December 2013.

      For further information please contact:

      Michael Zarin,
      Head of External Communications
      Tel.: +45 4084 1526
      Email:  mizar@vestas.com

      About EP Global Energy
      EPGE is a privately held energy asset developer. Its mission is to develop, build, and operate a portfolio of power generation assets, comprising mainly a mix of renewable (Wind, Solar, Biomass) and base-load (gas, liquid fuels), in partnership with strategic investors. EPGE has a portfolio of projects at various phases of development in EMENA region. Please visit www.epge.com for more information.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We encourage you to visit our website at www.vestas.com and follow us on social media:

      www.twitter.com/vestas

      www.linkedin.com/company/vestas

      www.facebook.com/vestas

      https://plus.google.com/+vestas

      About Wind for Prosperity
      Wind for Prosperity, which carries endorsements from the UN and several global opinion leaders, is a new business innovation to address energy poverty with wind power technology and a unique, commercial response to the needs of humanity. As one of the biggest corporate initiatives to combat energy poverty and deploy green technology in developing countries, Wind for Prosperity is business as a force for good. Wind for Prosperity is proud to be supported by the following partners, without whom the ambitious vision of reaching more than 50 million people in energy poverty would not be possible: Masdar, the Carbon War Room, Econet Wireless, and Frontier Investment Management.

      For more information, please visit http://www.windforprosperity.com/ and join us on social media for more information:

      www.facebook.com/windforprosperity

      www.twitter.com/Wind4Prosperity

      www.linkedin.com/company/wind-for-prosperity

      Close article
      10:35 - 28 Feb 2014

      Vestas and Mitsubishi offshore joint venture receives approval from competition authorities

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      With reference to company announcement No. 41/2013 of 27 September 2013, we are pleased to confirm that the offshore joint venture between Vestas and Mitsubishi has received final approval from the Chinese competition authorities.

      Consequently, all relevant approvals from both European and Asian competition authorities have now been received and final closing of the joint venture is expected to take place in the beginning of the second quarter of 2014.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

       

      Download pdf 

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      09:10 - 28 Feb 2014

      Disclosure requirement regarding share capital and number of votes as per 28 February 2014

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      As per announcement of 10 February 2014, Vestas Wind Systems A/S has completed a capital increase of nominal value DKK 20,370,410 representing 20,370,410 shares of DKK 1.00 nominal value each in connection with a private placement, ref. company announcement No. 6/2014.

      Pursuant to section 6 of Executive Order No. 1442 of 13 December 2013 on Issuers’ Disclosure Obligations, we are pleased to confirm that as per 28 February 2014, Vestas Wind Systems A/S has a share capital of nominal value DKK 224,074,513. The share capital consists of one share class, and each share of DKK 1.00 carries one vote corresponding to a total number of voting rights of 224,074,513.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      07:15 - 28 Feb 2014

      Notice convening the Annual General Meeting of Vestas Wind Systems A/S

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      To the shareholders of Vestas Wind Systems A/S

      Pursuant to article 4 of the articles of association, you are hereby convened for the Annual General Meeting of Vestas Wind Systems A/S on Monday, 24 March 2014 at 1:00 p.m. (CET) at the Concert Hall Aarhus (Musikhuset Aarhus), Thomas Jensens Allé, 8000 Aarhus C, Denmark.

      Download full convening (pdf)
      More information

       

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      10:20 - 18 Feb 2014

      Information in the market regarding an offshore project

      Information in the market regarding an offshore project

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      Information in the market regarding an offshore project

      Today, there is information in the market regarding Vestas being appointed preferred supplier for an offshore project.

      Vestas can confirm that the Danish company DONG Energy has appointed Vestas as preferred supplier for an offshore project in the UK using V164-8.0 MW turbines.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      17:15 - 17 Feb 2014

      Vestas receives 150 MW service renewal at Canadian wind power plant

      Vestas has secured a seven-year service and maintenance renewal from TransAlta for 50 V90-3.0 MW wind turbines at the Kent Hills wind power plant in New Brunswick, Canada.

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      Vestas has secured a seven-year service and maintenance renewal from TransAlta for 50 V90-3.0 MW wind turbines at the Kent Hills wind power plant in New Brunswick, Canada.

      This contract extension demonstrates our strong relationship with Canada’s largest investor-owned renewable energy provider,” said Chris Brown, president of Vestas’ sales and service division in Canada and the United States. “It shows their confidence in both our products and our skilled service team. We look forward to helping TransAlta continue to get the best possible return on their investment through 2020.

      The service agreement features the Active Output Management (AOM) 5000 offering. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential maintenance issues. This allows Vestas to plan maintenance so the turbines operate with the maximum amount of production.

      Kent Hills was fully commissioned in 2008 and has the installed electrical capacity to power about 45,000 Canadian households.

      Vestas installed its first wind turbine in Canada in 1997 and since has become the leading supplier in the country with more than 1,600 turbines and 2,700 MW cumulatively in every province — enough installed electrical capacity to power 800,000 homes.

      For more information please contact

      Andrew Longeteig
      Head of Communications, North America 
      Global MarCom & Corporate Relations

      Vestas - American Wind Technology, Inc.
      T +1 503 327 7479
      M +1 503 953 3427
      anlon@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for about 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 percent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. 

      We invite you to learn more about Vestas by visiting www.vestas.com and following us on our social media channels: 
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download PDF


      Close article
      10:00 - 14 Feb 2014

      Vestas receives 21 MW order for Costa Rica

      Vestas has signed an order for seven V90-3.0 MW wind turbines for the Tilawind wind power plant in Costa Rica.

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      Vestas has signed an order for seven V90-3.0 MW wind turbines for the Tilawind wind power plant in Costa Rica.

      Vestas has signed an order for seven V90-3.0 MW wind turbines for the Tilawind wind power plant in the province of Guanacaste, Costa Rica. Delivery of the turbines will start in the third quarter of 2014, and the wind power plant is expected to be commissioned in the fourth quarter of 2014.

      The contract for the Tilawind wind power plant comprises delivery and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a ten-year Active Management Output (AOM) 5000 service agreement.

      AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and supports preventive maintenance practices that minimise turbine downtime.

      The order has been placed by Tilawind Corporation, a special purpose company owned by Costa Rican corporation New Tessela together with the developer Gruman Resources, both companies are dedicated to the development of renewable energy projects in Costa Rica and the region. Together with global companies, New Tessela and Gruman Resources develop and manage solar, wind and other renewable energy projects.

      When we started planning the Tilawind wind power plant, we looked at possibilities for the project to be sustainable, profitable and successful. All criteria were met by Vestas’ V90-3.0 MW as well as the service offer proposed,” states Carlos Graffigna, CEO of Tilawind, who continues “We look forward to the installation of such a strong and proven platform and to the completion of our first Costa Rican plant with Vestas turbines.”

      Adrian Katzew Corenstein, VP Sales Region Mexico, Caribbean and Central America, comments: “We welcome Gruman Resources as a new customer for Vestas and we are confident they will achieve great return on their investment with the V90-3.0 MW turbines. In 2013, we delivered 144 MW of wind capacity to three different projects in Mexico, the Caribbean and Central America to help solidify our position in the area where we have installed more than 500 MW as of December 2013.”

      The Tilawind wind power plant will have an estimated annual production of 89,000 MWh, which will save the environment from about 5,000 tons of CO2 emissions on an annual basis and will provide enough electricity to cover the residential electricity consumption of almost 125,000 people in Costa Rica.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994 and in the past three years, Vestas has signed firm and unconditional orders for a total capacity of about 800 MW across five Mexican states. In June 2010, Vestas opened its regional headquarters in Mexico City from which 45 wind energy professionals support sales, construction and service. As of December 2013, Vestas has installed more than 424 MW in Mexico, the Caribbean and Central America.

      For media inquiries, please contact

      Velia Senatore, Communications Partner, External Relations,
      Tel.: +39 099 460 6415

      Download pdf

       

      Close article
      12:30 - 12 Feb 2014

      Vestas urges EU Heads of State:  “Boost green growth with an ambitious 2030 renewable energy target”

      Vestas CEO Anders Runevad joined counterparts from leading European companies today calling for an ambitious EU renewable energy target, including binding national targets

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      Vestas CEO Anders Runevad joined counterparts from leading European companies today calling for an ambitious EU renewable energy target, including binding national targets

      Anders Runevad and CEOs from Acciona Energia, Alstom, Enercon, ERG Renew, and RES welcomed the EU Commission’s commitment to a post-2020 climate and energy policy at a “2030 EuropeBusiness” event in Brussels, though noted the proposal should have been more ambitious.  

      The CEOs continued, “That is why we encourage EU Heads of State to support the European Parliament’s call for binding national renewable energy targets as well as at least a 30% overall target.  Doing so will contribute to increasing EU employment, energy security, and technology leadership.”  

      Runevad emphasized, “Existing policy commitments have helped us to reduce the cost of energy up to now.  Further reducing the cost of energy requires the investment certainty that an ambitious, long-term EU policy commitment provides.  Let’s not stop before crossing the finish line.

      The six companies are part of a coalition of 91 companies and associations that have signed a business statement calling for a strong 2030 framework and targets.

      For more information, please contact:
      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526
      Mail: MIZAR@vestas.com

      Or visit:  http://europebusinessday.eu/

      Download PDF

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      https://plus.google.com/+vestas

      Close article
      09:50 - 12 Feb 2014

      Vestas secures 84 MW service agreement with an option for up to 150 MW in Romania

      Vestas has secured a 15-year service contract covering 42 V90-2.0 MW turbines at the Topolog Dorobantu wind power plant in Tulcea County in Romania.

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      Vestas has secured a 15-year service contract covering 42 V90-2.0 MW turbines at the Topolog Dorobantu wind power plant in Tulcea County in Romania.

      The last of the 42 turbines is expected to be installed within April this year. The order has been placed by LUKERG Renew, a joint venture between ERG Renew and LUKOIL. ERG Renew is Italy’s largest wind energy producer, with an installed capacity of 1,340 MW throughout Europe. LUKOIL is a major international vertically-integrated oil and gas company, accounting for 2.2 per cent of global output of crude oil.

      The agreement is based on Vestas’ Active Output Management (AOM) 5000, which offers an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines. This makes it possible to conduct preventative maintenance that minimises turbine downtime. Topolog Dorobantu wind power plant will be the first project in Romania benefiting from this new service platform.

      We are pleased to receive this service order with an option for up to 150 MW wind power plants from our highly valued customer LUKERG Renew. We are happy to support our customer’s business case with our 30 years of wind energy experience and modern Active Output Management service package”, says Mikael Rönholm-Nielsen, Vice President Sales, Austria/Eastern Europe. “This contract underlines LUKERG Renew’s confidence in our expertise and in our capability to provide the optimal service for their large wind power plants in an important market such as Romania.”   

      The Topolog Dorobantu project is one of the largest projects in Romania and produces more than 200 GWh per year, which corresponds to an annual saving of almost 110,000 tons of CO2 emissions. Furthermore, it provides enough electricity to cover the residential electricity consumption of more than 60,000 Romanian households.

      For more information please contact:
      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Download PDF

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 51,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of  wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa. 

      Vestas entered the Romanian market in 2008 and is now the market leader here, with headquarters in Bucharest as well as several working sites in the field for construction and service activities. The local economy benefits greatly from wind energy’s ability to drive economic growth; skilled jobs are created also in remote areas and around 60 per cent of the revenues generated through the lifetime of a modern 3 MW wind power plant go to local construction companies, suppliers, service providers and communities.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels: 

      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas


      Close article
      09:10 - 10 Feb 2014

      Registration of share capital increase of nominally DKK 20,370,410 completed

      Registration of share capital increase of nominally DKK 20,370,410 completed

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      Registration of share capital increase of nominally DKK 20,370,410 completed

      DISCLAIMER – IMPORTANT

      ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH BY VESTAS WIND A/S (THE “COMPANY”) AND ARE FOR INFORMATION PURPOSES ONLY.

      THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

      These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan, South Africa or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). In particular, the securities referred to in these materials have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the securities legislation of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to in these materials have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of the Excluded Territories. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States or any other Excluded Territory.

      Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

      If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan, South Africa or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada, Japan, or South Africa.

      Confirmation of understanding and acceptance of disclaimer

      1. I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan, South Africa or any other jurisdiction where accessing these materials is unlawful.

      2. I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan, South Africa or any other territory where to do so would breach applicable local law or regulation.

      3. I am resident and physically present outside each of the Excluded Territories and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company.

      4. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

      I AGREE 

      I DO NOT AGREE

      Close article
      16:40 - 04 Feb 2014

      Share capital increase of DKK 20,370,410 will be completed

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      Share capital increase of DKK 20,370,410 will be completed

      DISCLAIMER – IMPORTANT

      ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH BY VESTAS WIND A/S (THE “COMPANY”) AND ARE FOR INFORMATION PURPOSES ONLY.

      THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

      These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan, South Africa or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). In particular, the securities referred to in these materials have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the securities legislation of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to in these materials have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of the Excluded Territories. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States or any other Excluded Territory.

      Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

      If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan, South Africa or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada, Japan, or South Africa.

      Confirmation of understanding and acceptance of disclaimer

      1. I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan, South Africa or any other jurisdiction where accessing these materials is unlawful.

      2. I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan, South Africa or any other territory where to do so would breach applicable local law or regulation.

      3. I am resident and physically present outside each of the Excluded Territories and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company.

      4. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

      I AGREE 

      I DO NOT AGREE

      Close article
      18:45 - 03 Feb 2014

      Annual report 2013

      – Revenue, EBIT and free cash flow above expectations

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      – Revenue, EBIT and free cash flow above expectations

      Summary: 2013 marked the final year of Vestas’ two-year turnaround. Vestas has delivered on the main focus areas over the turnaround period; annualised fixed capacity costs have been lowered by EUR 484m compared to the fourth quarter of 2011, net investments have been lowered by more than EUR 500m to EUR 239m since 2011 and working capital has been lowered to EUR (596)m – the lowest level ever.

      For full year 2013, revenue amounted to EUR 6,084m, EBIT before special items was EUR 211m and the free cash flow amounted to EUR 1,009m. This was all above the latest expectations of minimum EUR 5.5bn, minimum 2 per cent and around EUR 1bn, respectively. The higher-than-expected revenue and EBIT were primarily driven by a smooth execution in terms of installation and transfer of risk combined with favourable weather conditions in December.

      For 2014, Vestas expects revenue to amount to minimum EUR 6bn with an EBIT margin before special items of at least 5 per cent and a free cash flow of minimum EUR 300m.

      A double-digit EBIT margin in the fourth quarter and a free cash flow generation of more than EUR 1bn in 2013 are major achievements for Vestas and our dedicated employees,” says Anders Runevad, Group President & CEO, and he continues: “Yet, the satisfactory completion of the two-year turnaround is at least as important as it creates a solid starting point for the future strategy for Vestas, where Vestas will continue to focus on profitable growth.”

      Contact details
      Vestas Wind Systems A/S, Denmark

      Investors/analysts 
      Lars Villadsen, Senior Vice President, Investor Relations, Tel.: +45 9730 7201

      Media 
      Michael Zarin, Head of External Communications, Tel.: +45 4084 1526

      Company announcement (pdf)
      Annual report 2013 (pdf)
      Shareholder information (pdf)
      Track record - 31 December 2013 (pdf) 

      Close article
      18:25 - 03 Feb 2014

      Agreement on new five-year credit facility of EUR 850m

      Agreement on new five-year credit facility of EUR 850m

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      Agreement on new five-year credit facility of EUR 850m

      THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

      Vestas has agreed on a new five-year revolving credit facility at a total amount of EUR 850m. The facility has been agreed with a group of four banks comprising Nordea, DNB, HSBC and SEB. The facility documentation is expected to be completed in the first quarter of 2014.

      Background and existing facilities
      The new facility will replace the existing EUR 650m revolving credit facility expiring in January 2015 with an extension option until mid-2016. In addition, Vestas has a combination of project-related guarantee facilities. Vestas is comfortable that the existing debt structure satisfies the ongoing financing requirements of the business; however, the new five-year credit facility will further extend the company’s maturity profile and strengthen its financial position.

      Key commercial terms of the facility
      The new revolving credit facility and improved funding structure provides a stable, long-term financing platform that adequately supports Vestas’ objective of profitable growth. The facility has been raised on attractive terms that reflect the improved credit profile of Vestas.

      Key commercial terms attached to the facility include, inter alia:

      • A maturity of five years from the date of signing of the facility documentation.
      • The facility provides for both cash drawings and issuance of project-related guarantees.
      • The facility contains a sub-limit of EUR 500m for cash drawings.

      The new facility is for general corporate purposes. In addition, Vestas will be securing new bilateral project-related guarantee facilities. The new revolving credit facility is credit approved subject to documentation and a successful capital increase to be completed by Vestas.

      Rothschild is acting as financial adviser to the company in relation to the refinancing.

      Going forward, Vestas will continue to assess its debt financing requirements and options across all non-public and public debt markets. 

      Post completing of our two-year turnaround plan, the new credit facility is designed to support Vestas’ continued progress across projects, markets and customers. The new facility reflects the strengths of Vestas’ flexible operating business model and allows the company to continue its process of increasing profitability and strong cash generation,” says Marika Fredriksson, Executive Vice President & CFO, and continues: “We are pleased with the support we have received from our key relationship banks and we are grateful for their continued commitment to our company. This agreement is a sign of confidence in Vestas and our strategy for the years ahead. Together with additional capacity for project-related guarantees, this facility puts Vestas on the firm footing to achieve our objective of profitable growth.

      Contact details
      Vestas Wind Systems A/S

      Henrik Guldbæk Welch, Senior Vice President, Group Treasury, Tel.: +45 9730 5621 and

      Lars Villadsen, Senior Vice President, Investor Relations, Tel.: +45 9730 7201

      Download pdf

      Disclaimer and cautionary statement
      The securities referred to in this announcement have not been, and will not be, registered under the Securities Act or under the securities legislation of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to in this announcement have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of Australia, Canada, Japan, South Africa or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States or any Excluded Territory.

      This document contains forward-looking statements concerning Vestas' financial condition, results of operations and business. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements.

      Forward-looking statements include, among other things, statements concerning Vestas' potential exposure to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. A number of factors that affect Vestas' future operations and could cause Vestas' results to differ materially from those expressed in the forward-looking statements included in this document, including (without limitation): (a) changes in demand for Vestas' products; (b) currency and interest rate fluctuations; (c) loss of market share and industry competition; (d) environmental and physical risks, including adverse weather conditions; (e) legislative, fiscal, and regulatory developments, including changes in tax or accounting policies; (f) economic and financial market conditions in various countries and regions; (g) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, and delays or advancements in the approval of projects; (h) ability to enforce patents; (i) product development risks; (j) cost of commodities; (k) customer credit risks; (l) supply of components; and (m) customer-created delays affecting product installation, grid connections and other revenue-recognition factors.

      All forward-looking statements contained in this document are expressly qualified by the cautionary statements contained or referenced to in this statement. Undue reliance should not be placed on forward-looking statements. Additional factors that may affect future results are contained in Vestas' annual report for the year ended 31 December 2013 (available at www.vestas.com/investor) and these factors also should be considered. Each forward-looking statement speaks only as of the date of this document. Vestas does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information or future events others than as required by Danish law. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.

      Close article
      18:20 - 03 Feb 2014

      Issue of up to 20,370,410 new shares

      Issue of new shares

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      Issue of new shares

      DISCLAIMER – IMPORTANT

      ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH BY VESTAS WIND A/S (THE “COMPANY”) AND ARE FOR INFORMATION PURPOSES ONLY.

      THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

      These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan, South Africa or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). In particular, the securities referred to in these materials have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the securities legislation of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to in these materials have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of the Excluded Territories. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States or any other Excluded Territory.

      Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

      If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan, South Africa or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada, Japan, or South Africa.

      Confirmation of understanding and acceptance of disclaimer

      1. I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan, South Africa or any other jurisdiction where accessing these materials is unlawful.

      2. I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan, South Africa or any other territory where to do so would breach applicable local law or regulation.

      3. I am resident and physically present outside each of the Excluded Territories and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company.

      4. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

      I AGREE 
      I DO NOT AGREE

      Close article
      10:00 - 29 Jan 2014

      Vestas appoints new President for Vestas Asia Pacific & China

      Chris Beaufait has been appointed new Group Senior Vice President of Vestas and President of Vestas Asia Pacific & China. Chris, who comes from a position as President and General Manager of GE Aviation in China, enters into his new position on 1 April.

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      Chris Beaufait has been appointed new Group Senior Vice President of Vestas and President of Vestas Asia Pacific & China. Chris, who comes from a position as President and General Manager of GE Aviation in China, enters into his new position on 1 April.

      Chris is an American national with extensive experience across multiple businesses and functions internationally. He has held various leadership positions in the US and China and most recently served as President and General Manager of GE Aviation in China, the world's leading producer of large and small jet engines as well as avionics, electric power, and mechanical systems for commercial and military aircraft.  

      “I am pleased to announce the appointment of Chris Beaufait as the new President of Vestas Asia Pacific & China. Based on his experience, commitment and extensive accomplishments during his career at GE, he is well qualified to build on Vestas’ Asia Pacific & China achievements and we look forward to the many contributions he will make to the region and to our company,” comments Juan Araluce, Chief Sales Officer, Vestas Wind System A/S. 
      Chris succeeds Danny Nielsen, Chief Operating Officer (COO) of Vestas Asia Pacific & China, who has led daily operations since former President, Jens Tommerup was appointed CEO of the Vestas and Mitsubishi Heavy Industries Joint Venture in September last year. Danny Nielsen will continue in his role as COO of Vestas Asia Pacific & China.   

      “I am very excited to join the company and meet all the talented Vestas employees. With a strong brand foundation, high quality products and very competent employees, Vestas is well-positioned to capture all the opportunities that Asia and China present and I very much look forward to joining the team and making the most of these opportunities together”, says Chris Beaufait.

      For more information, please contact:
      Karen Chen, Head of External Communication, Vestas Asia Pacific & China
      Tel: +8613810123389 
      Mail: jihce@vestas.com 

      Download pdf

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Vestas has delivered wind energy in 73 countries, providing jobs for 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • https://plus.google.com/+vestas

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      09:00 - 28 Jan 2014

      World’s most powerful wind turbine now operational

      World’s most powerful wind turbine now operational

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      Vestas’ first V164-8.0 MW prototype wind turbine has successfully produced its first kWh of electricity, making it the worlds’ most powerful turbine in operation. 

      “We have now completed the production, testing, and installation of the V164-8.0 MW as planned, thanks to the team’s intense effort during a time when Vestas has reduced its investments and lowered fixed costs. We now look forward to evaluating the turbine’s performance on site,” says Vestas’ Chief Technology Officer Anders Vedel.

      The turbine, installed at the Danish National Test Centre for Large Wind Turbines in Østerild, will be closely monitored in the coming months to further validate reliability and energy output. The turbine’s installation is a key milestone towards ensuring maximum business case certainty for customers investing in offshore wind. The V164-8.0 MW will be the flagship product for the offshore joint venture between Vestas and Mitsubishi Heavy Industries. 

      The V164-8.0 MW delivers industry-leading power output, based on Vestas’ proven technology solutions. Combined with the experience and capabilities of both Vestas and Mitsubishi Heavy Industries, this puts us in a strong position in the growing offshore market,” says Jens Tommerup, President of Vestas Offshore.   

      The V164-8.0 MW turbine is the world’s most powerful, with one unit capable of supplying electricity for 7,500 average European households. With a 140-metre tower, the turbine at Østerild has a tip height of 220 meters. The swept area of more than 21,000 m2, equal to three football pitches, increases the amount of energy captured, while reducing operational and maintenance costs by enabling customers to run fewer, larger turbines, with fewer service visits.

      Given the necessary pipeline of orders, serial production of the V164-8.0 MW turbine can begin in 2015.

      Download the photos of the V164-8.0 MW nacelle prototype here:


      V164-8.0 MW V164-8.0 MW

      V164-8.0 MW V164-8.0 MW V164-8.0 MW

      For more information, please contact:

      Michael Zarin, Head of Media Relations 
      Tel: +45 4084 1526
      Mail: mizar@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ over 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 
      www.twitter.com/vestas
      www.linkedin.com/company/vestas
      www.facebook.com/vestas
      plus.google.com/+vestas

      Download PDF


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      16:55 - 06 Jan 2014

      Vestas upgrades free cash flow expectations for 2013 to approx EUR 1bn

      Vestas upgrades free cash flow expectations for 2013 to approx EUR 1bn

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      Vestas upgrades free cash flow expectations for 2013 to approx EUR 1bn

      Based on preliminary reporting, Vestas upgrades the expectations for the 2013 free cash flow to approx EUR 1bn compared to the previous expectation of EUR 500-700m. The improvement is primarily driven by a better-than-expected development of the net working capital.
       
      As earlier announced, the annual report for 2013 will be disclosed on 4 February 2014.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

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    • 16:45 - 31 Dec 2013

      Vestas signs 51.8 MW orders for V100-2.0 MW wind turbines in India with Powerica Ltd.

      Vestas has secured two orders in India from Powerica Ltd.

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      Vestas has secured two orders in India from Powerica Ltd.

      Vestas has secured two orders in India from Powerica Ltd., totalling 51.8 MW. Both orders include delivery, installation, and commissioning of 25 V100-2.0 MW and one V100-1.8 MW turbines. The Jangi and Charbara projects are located in Gujarat. Commissioning is expected in July 2014 for 21.8 MW and in March 2015 for 30 MW.

      We are the best in our business and hence it is natural for us to be associated with the best in the wind industry, too. Vestas is a good partner to work with and the experience is more than excellent,” says Naresh Oberoi, Chairman of Powerica Ltd.

      We are glad that our customers in India see Vestas as a trusted partner. With more than 30 years of experience pioneering the wind industry, we are confident we will provide maximised performance and return on investment to Powerica in these projects,” says Danny Nielsen, Acting President of Vestas Asia Pacific and China.

      For more information, please contact
      Karen Chen, Head of External Communications, Vestas Asia Pacific and China
      Tel: +86 10 58041330
      Mail: jihce@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      Vestas has been in India since 1997 where we installed our first turbine there. Vestas now has installed more than 2,500 MW in India.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf

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      13:30 - 31 Dec 2013

      Vestas receives 36 MW order from leading German developer juwi Wind

      Vestas has secured an order from the leading German wind power plant developer juwi Wind totalling 36 MW. The order consists of 12 V112-3.0MW turbines and will be deployed at three different projects in Germany.

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      Vestas has secured an order from the leading German wind power plant developer juwi Wind totalling 36 MW. The order consists of 12 V112-3.0MW turbines and will be deployed at three different projects in Germany.

      The contract comprises supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution, as well as a 15-year full-scope service agreement (AOM 4000).

      Vestas and juwi signed a framework agreement for 52 turbines in 2012 and today’s order thus continues the positive cooperation between the two partners.

      We are proud to continue our cooperation with juwi, one of the leading developers in the German market. The order shows juwi’s trust in our products and organisation. As a business partner we strive to bring leading technology as well as flawless project execution to maximise business case certainty for juwi as well as for their customers,” states Hans Vestergaard, Senior Vice President, Sales, Vestas Central Europe.

      The 12 turbines will be deployed at three different projects in Germany in Göllheim, Niederhausen an der Appel and Alsenz during the summer of 2014.

      We are pleased to take yet another step in the positive development of wind energy in Germany with today’s agreement. The high quality wind turbines from Vestas offer our customers a both reliable and climate friendly electricity production, and we hope to see utilities, municipalities and energy co-operatives work with us in the future to contribute to the energy turnaround,” says juwi Wind founder and executive Matthias Willenbacher.

      About the juwi group
      Matthias Willenbacher and Fred Jung founded the juwi group in 1996. Today, the company employs around 1,700 people worldwide and had a turnover of around one billion euros in 2012. Company activities include solar, wind and bioenergy as well as solutions for the direct and self-supply with eco-friendly heat and power.

      Juwi is one of the world’s leading specialists for renewable energy with a growing international presence offering project development as well as products for the energy turnaround.

      Juwi has installed around 730 wind turbines with a total capacity of around 1,500 MW and has constructed 1,500 solar power plants with a total capacity of around 1,350 MW. Combined, these energy systems produce around five billion kWh of clean energy per year, equalling the annual demand of around 1.4 million German households.

      The juwi group has offices in France, Italy, Spain, the Czech Republic, Greece, Poland, Bulgaria, Great Britain, Dubai, India, Singapore, Thailand, South Africa, Chile, USA and Costa Rica. In Germany, juwi has subsidiaries and regional offices in twelve German states

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ over 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of  wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      Vestas entered the German market in 1986. Since then, the company has delivered more than 6,300 turbines representing a total capacity of about 8,500 MW to this key market. Today, Vestas has a market share of 24.2 per cent. Vestas’ full wind energy value chain is represented in Germany; R&D, production, sales locations and a unique service infrastructure as well as business unit headquarters. Vestas employs around 2,100 people in Germany.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas

      Contact details
      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Download pdf

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      11:55 - 30 Dec 2013

      Vestas receives 39 MW order for the extension of the Carape wind power plant in Uruguay

      Vengano S.A. has signed an agreement for the extension of the Carape wind power plant in Uruguay using 13 Vestas V112-3.0 MW wind turbines. The wind turbines are scheduled to be delivered from the third quarter of 2014 and commissioned by the first quarter of 2015.

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      Vengano S.A. has signed an agreement for the extension of the Carape wind power plant in Uruguay using 13 Vestas V112-3.0 MW wind turbines. The wind turbines are scheduled to be delivered from the third quarter of 2014 and commissioned by the first quarter of 2015.

      In September this year, Fingano S.A. signed a contract for the first 50 MW order for the Carape wind power plant and now Vengano S.A., owned by the same shareholders as Fingano S.A., has signed the contract for the extension of Carape wind power plant. Once installed, the complete Carape wind power plant will have an estimated annual production of more than 440,000 MWh, generating green electricity for 400,000 people in Uruguay, equal to about one third of the population of the city of Montevideo.

      The 39 MW contract comprises delivery, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 17-year service agreement (AOM 4000), which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as predict potential maintenance issues. This allows Vestas to plan maintenance so the turbines are operational for the maximum amount of time.

      Our company is pleased to partner again with Vestas to extend our first wind power plant. Renewable energy is a key factor for our long-term business objectives and therefore we rely on Vestas for a successful strategic partnership in the development and realisation of our wind energy projects,” says Mr Carlos Bautista, Executive Director of Vengano S.A.

      Having installed 80 per cent of Uruguay’s wind power capacity, Vestas has a strong position in this important emerging market, and this order further underlines the market’s confidence in our technology and capabilities,” states Miguel Picardo Troyano, VP Vestas South America (exc. Brazil).

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas' more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      About Vestas in Uruguay and Latin America
      Vestas has been operating in Latin America for the past two decades and has sales and operations offices in Argentina, Brazil and Mexico.

      As of 30 June 2013, Vestas has delivered to the Latin America region wind turbines with a total capacity of 1,150 MW. In 2013, Vestas has announced 221 MW of firm and conditional orders in Uruguay and installed 80 per cent of the entire capacity in the country at the end of 2012.  

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      About Vengano
      Vengano S.A. is an Argentinian-Spanish company co-owned by Corporación America and Grupo San José. Corporación América is an Argentinian holding operating in the infrastructure, agroindustry, services, technology and energy sectors; San José is a listed and diversified business Group, carrying out its activities in several countries in Europe, America and Africa in construction, real estate, energy and environment, concessions and service.

      For media inquiries, please contact
      Velia Senatore
      Communications Partner, External Relations, GMCR, Italy
      Tel.: +39 099 460 6415

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      12:45 - 27 Dec 2013

      Vestas signs first order for V110-2.0 MW in Europe

      40 MW project in Poland is first to deploy Vestas’ V110-2.0 MW turbine in Europe

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      40 MW project in Poland is first to deploy Vestas’ V110-2.0 MW turbine in Europe

      Located in the Gdansk region of northern Poland, the Ostazewo project includes delivery, installation, and commissioning of the turbines, which is expected to occur during the fourth quarter of 2014. The project also includes a 15-year Active Output Management (AOM) 4000 service contract. AOM 4000 is a comprehensive service package including all necessary main components and material to maximise uptime and performance.

      The customer SPV – Nowotna Farma Wiatrowa and its parent company Taiga Mistral have been advised in this project by Tundra Advisory Sp. zo.o.

      Vestas has signed V110-2.0 MW orders for a total of 950 MW in the United States since introducing the turbine on the market in April 2013, and is pleased to initiate its first project in Europe to utilise this new turbine model. The V110-2.0 MW turbine generates an annual energy production approximately 14 per cent higher than the V100-1.8 MW.

      For more information, please contact:
      Michael Zarin,
      Head of External Communications
      Tel: +45 4084 1526
      Mail: mizar@vestas.com

       

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      11:50 - 27 Dec 2013

      Vestas receives 36 MW order for V90-2.0 MW wind turbines

      Vestas receives order for 18 V90-2.0 MW wind turbines

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      Vestas receives order for 18 V90-2.0 MW wind turbines

      The contract includes delivery, installation, and commissioning of 18 V90-2.0 MW turbines, which is expected to occur during the third and fourth quarter of 2014. The project also includes a 15-year Active Output Management (AOM) 5000 service contract. AOM 5000 is a comprehensive service package including all necessary main components and material to maximise yield energy capture and performance.
      At the customer’s request, additional details regarding the project are not being disclosed.

      For more information, please contact
      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526
      Mail: mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf

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      17:15 - 24 Dec 2013

      Vestas wins 110 MW order for wind energy project in USA

      With reference to the Vestas Wind Systems A/S company announcement No. 55/2013 of 24 December 2013, Vestas has received a 110 MW order for 55 V100-2.0 MW wind turbines for a new project in the USA.

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      With reference to the Vestas Wind Systems A/S company announcement No. 55/2013 of 24 December 2013, Vestas has received a 110 MW order for 55 V100-2.0 MW wind turbines for a new project in the USA.

      The turbines are expected to be delivered in the second half of 2014 while commissioning is scheduled for the first quarter of 2015. The customer as well as the new project’s name and specific location are not available for disclosure at this time.

      This order from a large, existing customer reaffirms the strength of our 2 MW platform – we have received over 1,000 megawatts of V100 orders in the U.S. and Canada this year,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This project will provide more clean energy to the United States as well as more jobs for Vestas service technicians and factory workers.

      This year, Vestas has secured over 1,700 MW of firm turbine orders in the United States and Canada. This is the second-best yearly sales performance for the region since Vestas entered this market in 1981. Vestas’ sales record for the United States and Canada is 1,883 megawatts in 2010.

      Vestas’ factories in Colorado will be involved in manufacturing blades, nacelles and towers for this project. To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      The contract features a five-year Vestas Active Output Management (AOM) 4000 maintenance program which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as predict potential maintenance issues. This allows Vestas to plan maintenance so the turbines are operational for the maximum amount of time.

      Media contact
      Andrew Longeteig, Vestas, North America 
      Tel.: +1 503 327 7479    
      Email: anlon@vestas.com   

      About Vestas
      Since 1979, Vestas has supplied more than 50,000 wind turbines and over 58 GW in 73 countries – 62 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,000 people worldwide including 2,500 throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. We invite you to learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf

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      17:10 - 24 Dec 2013

      Vestas receives 110 MW order in the USA

      Vestas has received a firm and unconditional order for 55 V100-2.0 MW turbines in the USA.

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      Vestas has received a firm and unconditional order for 55 V100-2.0 MW turbines in the USA.

      Additional information about the project

      Customer: Undisclosed at the customer’s request
      Project name: Undisclosed at the customer’s request
      Location/Country: USA
      Number of MW: 110 MW
      Number of turbines/turbine type 55 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order includes supply and commissioning of the turbines, as well as a five-year Active Output Management (AOM) 4000 service agreement.
      Time of delivery Deliveries for the wind power plant are expected to take place in the second half of 2014. Commissioning is expected to take place in the first quarter of 2015.

      Total year-to-date announced order intake in MW: 5,138 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology 

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Vestas, North America         
      Tel:  +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      19:15 - 23 Dec 2013

      Vestas receives 150 MW order from an MSA with potential for up to 568 MW more in the USA

      With reference to the Vestas Wind Systems A/S company announcement No. 54/2013 of 23 December 2013, Vestas has received a 150 MW order out of a master supply agreement (MSA) with First Wind for multiple wind-energy projects in the United States. Vestas could ultimately supply First Wind with up to 568 MW worth of additional turbines for multiple projects.

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      With reference to the Vestas Wind Systems A/S company announcement No. 54/2013 of 23 December 2013, Vestas has received a 150 MW order out of a master supply agreement (MSA) with First Wind for multiple wind-energy projects in the United States. Vestas could ultimately supply First Wind with up to 568 MW worth of additional turbines for multiple projects.

      As part of the MSA, Vestas will supply 75 V110-2.0 MW turbines to the 150 MW Route 66 wind-energy project near Amarillo, Texas. Deliveries are expected to occur for Route 66 in early 2015 with commissioning in mid-2015.

      We began working with First Wind a few years ago and have developed a strong partnership with one of the leading U.S. energy developers,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “The first project we did with them in Maine has achieved 99 per cent availability since it was commissioned last year. We’re confident we can continue that kind of success with our proven products and services.

      Vestas’ factories in Colorado will be involved in manufacturing blades, nacelles and towers for the Route 66 project.

      We've been pleased with the performance of the Vestas equipment we've had operating since 2012,” said Paul Gaynor, CEO of First Wind. “Vestas has been a good partner and we're looking forward to installing their latest technology at sites across the country."

      The First Wind projects in the MSA will feature 10-year service agreements using Active Output Management (AOM) 5000. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines supports preventive maintenance practices that minimize turbine downtime.

      Vestas has previously supplied turbines to First Wind for two projects – Palouse Wind in eastern Washington which includes 58 V100-1.8 MW turbines and Bull Hill in Maine which has 19 V100-1.8 MW. Both wind power plants were commissioned in 2012.

      To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      Media contact
      Andrew Longeteig, Vestas, North America         
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 50,000 wind turbines and over 58 GW in 73 countries – 62 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,000 people worldwide including 2,500 throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. We invite you to learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      About First Wind
      First Wind is an independent North American renewable energy company focused on the development, financing, construction, ownership and operation of utility-scale power projects in the United States. Based in Boston, First Wind has developed and operates 980 MW of generating capacity at 16 wind-energy projects in Maine, New York, Vermont, Utah, Washington and Hawaii. 

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      19:10 - 23 Dec 2013

      Vestas receives 150 MW order from an MSA with a potential of up to 568 MW more in the USA

      Vestas has received a firm and unconditional order for 75 V110-2.0 MW turbines with a potential of up to 568 MW more in the USA.

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      Vestas has received a firm and unconditional order for 75 V110-2.0 MW turbines with a potential of up to 568 MW more in the USA.

      Additional information about the project

      Customer: First Wind
      Project name: The Route 66 wind power plant
      Location/Country: Texas, USA
      Number of MW: 150 MW
      Number of turbines/turbine type 75 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The order includes supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Deliveries for the Route 66 wind power plant are expected to take place in early 2015 with commissioning to take place in mid-2015.

      Total year-to-date announced order intake in MW: 5,028 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology 

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Vestas, North America         
      Tel:  +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      10:15 - 23 Dec 2013

      Vestas secures service contract extension covering wind power plants in Scotland totalling 120 MW

      Vestas has secured a two-year service agreement from ScottishPower Renewables for five Vestas installed wind power plants in Scotland with a total capacity of 120 MW, which includes 162 units of V47-660 kW and V52-850 kW wind turbines.

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      Vestas has secured a two-year service agreement from ScottishPower Renewables for five Vestas installed wind power plants in Scotland with a total capacity of 120 MW, which includes 162 units of V47-660 kW and V52-850 kW wind turbines.

      The service contract extension includes Vestas’ Active Output Management (AOM) 3000 service option, a comprehensive field service package that covers consumables and spare parts for fixed-price scheduled and unscheduled maintenance, maximising the reliability of our customers’ turbines. The service contract extension is a two-year agreement, with an option for one additional year.

      Lee Callaghan, Head of Site Operations at ScottishPower Renewables, said: “We look forward to continuing our relationship with Vestas, who we have worked closely with for a number of years. This contract extension is testament to the quality of service and performance we have received from Vestas, and we are pleased to have reached this agreement which will provide a foundation for us to continue working closely with Vestas to drive further operational performance improvements going forward.” 

      Vestas applies its proactive maintenance approach to more than 25,000 wind turbines worldwide, which enables us to meticulously plan and carry out service inspections, thereby reducing wind turbine down-time to an absolute minimum. Our customers continue to invest in long-term service partnerships with Vestas and in the UK and Ireland alone 95 per cent of expiring service contracts have been renewed during this year. 

      We are very pleased to have won the service contract extensions in a competitive process against other service providers and that ScottishPower Renewables has decided to continue the partnership with Vestas. We are looking forward to further deepening our cooperation with ScottishPower Renewables,” says Klaus Steen Mortensen, President Vestas Northern Europe.

      For more information, please contact

      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526
      Mail: mizar@vestas.com

      Please contact Michael Zarin to arrange an interview with:

      Keith Wallace, Director, Service Region UK and Ireland, Vestas Northern Europe

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ over 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas Northern Europe is one of six sales business units within the Vestas Group. Vestas Northern Europe focuses on sales activities, installation and service for all wind power projects located in Sweden, Denmark, Norway, Finland, the Baltics, Poland, UK and Ireland.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas

      About ScottishPower Renewables
      ScottishPower Renewables is part of Iberdrola, the world’s largest wind energy developer, with an operating portfolio of over 14,000 megawatts (MW) (as of June 2013).

      ScottishPower Renewables is responsible for progressing Iberdrola’s onshore wind and marine energy projects in the UK and Ireland, and offshore wind farms throughout the world, managing the development, construction and operation of all projects.

      Securing our position at the forefront of the renewable energy industry, ScottishPower Renewables became the first UK developer to reach an installed generating capacity of 1,000 MW in 2011, in addition to being awarded a second Queen’s Award for Enterprise for Sustainable Development.

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      08:40 - 23 Dec 2013

      Vestas receives 117 MW order for the first utility-scale wind power plant to be built in Jordan

      With reference to the Vestas Wind System A/S company announcement No. 53/2013 of 23 December 2013, Vestas has received a 117 MW order for Jordan.

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      With reference to the Vestas Wind System A/S company announcement No. 53/2013 of 23 December 2013, Vestas has received a 117 MW order for Jordan.

      The project consists of 38 V112-3.0 MW turbines which will be installed about 180 km south of Amman, in the Tafila region, Jordan. Delivery of the turbines will start in the second quarter of 2014, and the wind power plant is expected to be commissioned in the second quarter of 2015.

      The contract for the Al Tafila wind power plant includes supply, installation and commissioning of the wind turbines, civil and electrical works, a VestasOnline® Business SCADA solution as well as a 10-year custom-designed energy based service agreement for the entire wind power plant.

      The order has been placed by Jordan Wind Project Company (JWPC), a company set up by InfraMed Infrastructure, Masdar and EP Global Energy (EPGE).

      JWPC’s 117 MW Tafila wind power plant is the first utility-scale renewable-energy project in the Hashemite Kingdom of Jordan and in the region, and is a major step towards getting Jordan on the renewable energy map of the world,” said Samer Judeh, chairman of JWPC. “His Majesty King Abdullah’s vision and the Jordanian Government's strategy, aims to encourage investors and financiers to make these vital projects possible.”

      Mr Judeh added that the new project will serve to demonstrate the region's potential for investments in renewable energy. "Our country has suffered from a lack of domestic conventional energy sources and from serious challenges in security of energy imports," he added. "Jordan, however, has abundant renewable resources, and this will be the first and a showcase for many such projects to come. Renewable energy sources are now among the priorities on the Jordanian government’s agenda, both for the expected economic as well as environmental benefits. To be able to generate cost efficient wind power, we selected Vestas and the V112-3.0 MW, after extensive assessment and independent verification, and the V112 turbines proved to be a perfect fit to our project,” concludes Samer Judeh.

      Juan Araluce, Executive Vice President & Chief Sales Officer of Vestas Wind Systems A/S, comments: “Jordan imports around 97 per cent of its energy,1) being not only heavily dependent on volatile prices, but also forced to introduce rationing power schemes when it does not succeed in meeting the population’s energy demand. Wind is therefore part of the solution to the country’s energy shortage both from a cost as well as from a capacity point of view.”

      And he continues “The Al Tafila wind power plant represents a milestone both for Vestas and for Jordan. Vestas is proud to provide 117 MW of wind energy capacity for the very first utility-scale wind power plant in the country to support Jordan’s goal of developing renewable energy at stable and predictable prices and a tangible result of Vestas’ commitment and business development efforts in the Middle East and North Africa region.”

      The Al Tafila wind power plant will have an estimated annual production of approximately 400 GWh, which will save the environment from more than 225,000 tons of CO2 emissions on an annual basis.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ over 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With about 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      About Jordan Wind Project Company (JWPC)
      JWPC’s investors are InfraMed, one of the largest investment funds dedicated to infrastructure in the Mediterranean area, established in 2010 by five major institutional investors, Masdar of Abu Dhabi, one of the leading global renewable energy companies advancing the development, commercialisation and deployment of clean energy technologies and solutions, and EP Global Energy Ltd of Cyprus, a privately-owned renewable energy developer, part of the broader Cyprus-based Paraskevaides Group, operating in construction, real estate, tourism, healthcare, distribution and trading businesses. 

      For media inquiries, please contact

      Danish Media
      Michael Zarin
      Head of External communication
      Tel. +45 4084 1526

      International Media
      Velia Senatore
      Communications Partner, External Relations
      Tel.: +39 099 460 6415

      1) Source: IMF

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      08:34 - 23 Dec 2013

      Vestas receives 117 MW order in Jordan

      Vestas has received a firm and unconditional order for 38 V112-3.0 MW turbines for Jordan.

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      Vestas has received a firm and unconditional order for 38 V112-3.0 MW turbines for Jordan.

      Additional information about the project

      Customer: Jordan Wind Project Company
      Project name: Al Tafila
      Location/Country: Jordan
      Number of MW: 117 MW
      Number of turbines/turbine type 38 x V112-3.0 MW
      Contract type: Turnkey
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, civil and electrical works, a VestasOnline® Business SCADA solution as well as a 10-year custom-designed energy based service agreement for the entire wind power plant.
      Time of delivery Delivery of the wind turbines will begin in the second quarter of 2014 and the wind power plant is expected to be commissioned in the second quarter of 2015.

      Total year-to-date announced order intake in MW: 4,878 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Juan Araluce, Executive Vice President & CSO

      For more information or to arrange an interview with Juan Araluce, please contact:

      Michael Zarin, Head of External communication, Vestas Wind System A/S
      Tel. +45 4084 1526

      Velia Senatore, Communications Partner, Vestas Mediterranean,
      Tel: +39 099 460 6415

      A news release from Vestas Mediterranean regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      08:34 - 20 Dec 2013

      Vestas receives 220 MW order under EDF Renewable Energy master supply agreement in the USA

      With reference to company announcement No. 52/2013 of 20 December 2013, Vestas has received a 220 MW order for V100-2.0 MW turbines from EDF Renewable Energy for two wind-energy projects in the United States.

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      With reference to company announcement No. 52/2013 of 20 December 2013, Vestas has received a 220 MW order for V100-2.0 MW turbines from EDF Renewable Energy for two wind-energy projects in the United States.

      This order is a call off of the master supply agreement (MSA) announced in September for multiple U.S. projects, the potential of which has been increased from 750 MW to 1,174 MW. So far, Vestas has secured 300 MW in this MSA.

      Both projects, Hereford 1 and Longhorn North, are located in the Texas Panhandle. The Hereford 1 project will feature 50 V100-2.0 MW turbines, while the 200 MW Longhorn North project will include 100 units of the same turbine (80 MWs were previously announced ref. company announcement No. 38/2013 of 13 September 2013). Deliveries and commissioning for both projects are expected to occur in the second half of 2014.

      Vestas looks forward to working with EDF Renewable Energy to build more clean-energy projects in Texas. It’s one of the strongest wind-power markets in the world, and where we have already supplied turbines to nine major wind power plants in the state,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This order also will help to create more American jobs at our blade, tower and nacelle factories in Colorado.

      We are pleased to be working with Vestas to bring additional Texas wind projects online over the next 18 months,” said Ryan Pfaff, Executive Vice President at EDF Renewable Energy. “The Hereford 1 and Longhorn North projects will not only provide affordable, clean energy to the Texas grid, but also provide an economic boost to the local communities surrounding the projects, in the form of new jobs, local taxes, and other direct and indirect benefits.

      To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      The two projects will feature a multi-year Active Output Management (AOM) 5000 service agreement for at least three years. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      In 2013, Vestas has announced over 1.4 GW of orders in the United States and Canada among four turbine types.

      Media contact
      Andrew Longeteig, Vestas, North America         
      Tel.: +1 503 327 7479 / Email: anlon@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 50,000 wind turbines and over 58 GW in 73 countries – 62 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,000 people worldwide including 2,500 throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. Learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

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      08:30 - 20 Dec 2013

      Vestas receives 220 MW order in the USA and increases the potential of the master supply agreement with EDF from 750 MW to 1,174 MW

      Vestas has received a firm and unconditional order for 110 V100-2.0 MW turbines in the USA and increases the potential of the master supply agreement with EDF announced in September 2013 from 750 MW to 1,174 MW.

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      Vestas has received a firm and unconditional order for 110 V100-2.0 MW turbines in the USA and increases the potential of the master supply agreement with EDF announced in September 2013 from 750 MW to 1,174 MW.

      Additional information about the project

      Customer: EDF Renewable Energy
      Project names: The Hereford 1 and Longhorn North wind power plants
      Location/Country: Texas, USA
      Number of MW: 220 MW
      Number of turbines/turbine type 110 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order includes supply and commissioning of the wind turbines, as well as at least a three-year Active Output Management (AOM) 5000 service agreement for both projects.
      Time of delivery Deliveries for both projects are expected to occur in the second half of 2014 while commissioning will be in the first half of 2015.

      Total year-to-date announced order intake in MW: 4,761 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000 

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology 

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Vestas, North America         
      Tel:  +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      14:20 - 19 Dec 2013

      Vestas receives 50 MW order for UK offshore wind project

      Vestas will supply 15 V112-3.3 MW offshore turbines for the Kentish Flats Extension off the coast of the UK. Kentish Flats, owned by Vattenfall, was installed by Vestas in 2005. It currently consists of 30 V90-3.0 MW turbines, which Vestas services.

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      Vestas will supply 15 V112-3.3 MW offshore turbines for the Kentish Flats Extension off the coast of the UK. Kentish Flats, owned by Vattenfall, was installed by Vestas in 2005. It currently consists of 30 V90-3.0 MW turbines, which Vestas services.

      Vestas will supply 15 V112-3.3 MW offshore turbines for the Kentish Flats Extension off the coast of the UK. Kentish Flats, owned by Vattenfall, was installed by Vestas in 2005. It currently consists of 30 V90-3.0 MW turbines, which Vestas services.  

      With reference to Vestas Wind Systems A/S’ company announcement No. 51/2013 of 19 December 2013, Vattenfall has placed an order for 15 V112-3.3 MW wind turbines for the Kentish Flats Extension. The order with a total capacity of 50 MW includes supply, installation and commissioning of the wind turbines as well as a five-year AOM 5000 service agreement.

      Ole Bigum Nielsen, Head of Project Execution at Vattenfall, UK, says: "We are pleased to have confirmed Vestas for turbine supply to Vattenfall’ s Kentish Flats Extension, particularly as Vestas and Vattenfall will work closely to maximise, where we can, contracting with the local supply chain in Kent for this significant investment."

      The Kentish Flats Extension is located approximately 10 km north off Herne Bay and Whitstable in Kent. The construction of the project will begin mid-2015. The existing wind farm and the extension will combined  be capable of generating between 350,000 MWh and just over 430,000 MWh of clean electricity every year, which is equivalent to the total annual electricity needs of between 82,000 to 96,000 UK households.

      Uffe Vinther-Schou, Senior Vice President at Vestas Offshore says:  “We are very pleased that Vattenfall acknowledges the strong business case of the new V112-3.3 MW turbine for offshore deployment and look forward to continuing building on our close collaboration including the long-standing service set-up in Kent with the current Kentish Flats wind farm and the Thanet wind farm.“

      It is Vestas’ first order with the 3.3 MW version of the V112 offshore turbine. Vestas’ V112 turbine has proven to be very successful and as per 30 June 2013, Vestas has received orders of a total of 4,626 MW for the V112 turbine in general, which includes 204 units of the V112-3.0 offshore turbine. Furthermore, the project will utilise Vestas’ innovative pre-assembly concept: At Vestas’ pre-assembly facility at the port of Esbjerg, Denmark, the 15 turbines will be pre-assembled and pre-commissioned onshore before being shipped directly to the Kentish Flats Extension. This concept significantly lowers the cost of offshore wind energy because it reduces unnecessary transport of turbine components overland and avoids commissioning hours while at sea.

      For more information, please contact:

      Vestas Wind Systems A/S
      Michael Zarin, Head of External Communications
      Tel. +45 4084 1526 / email: mizar@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas has been a pioneer within offshore wind since the birth of the industry and has, as per 30 June 2013, installed 581 offshore turbines equalling 1,409 MW.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

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      14:15 - 19 Dec 2013

      Vestas receives 50 MW offshore order for the UK

      Vestas has received a firm and unconditional order for 15 V112-3.3 MW offshore turbines for the extension of the Kentish Flats wind farm off the coast of the UK.

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      Vestas has received a firm and unconditional order for 15 V112-3.3 MW offshore turbines for the extension of the Kentish Flats wind farm off the coast of the UK.

      Additional information about the project

      Customer: Vattenfall Wind Power Ltd.
      Project name: Kentish Flats Extension
      Location/Country: Kent, UK
      Number of MW: 49.5 MW
      Number of turbines/turbine type 15 x V112-3.3 MW offshore turbines
      Contract type: Supply-and-installation
      Contract scope: The contract comprises supply, installation and commissioning of the wind turbines as well as a 5-year service and maintenance agreement (AOM 5000).
      Time of delivery Delivery of the turbines will take place in the second quarter of 2015 and the project is expected commissioned in the third quarter of 2015.

      Total year-to-date announced order intake in MW: 4,541 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      For media inquiries, please contact:

      Vestas Wind Systems A/S, Denmark
      Michael Zarin, Head of External Communications
      Tel. +45 4084 1526 / email: mizar@vestas.com

      A news release from Vestas Offshore regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      08:55 - 18 Dec 2013

      Vestas receives 350 MW order in the USA with potential for up to 636 MW more

      Vestas has received a 350 MW order from Enel Green Power North America, Inc.

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      Vestas has received a 350 MW order from Enel Green Power North America, Inc.

      With reference to the Vestas Wind Systems A/S company announcement No. 50/2013 of 18 December 2013, Vestas has received a 350 MW order from Enel Green Power North America, Inc. (EGP-NA) following a competitive process.

      Vestas will supply 75 V100-2.0 MW turbines for the 150 MW Origin wind power plant in Oklahoma, USA. Vestas and EGP-NA also have signed an agreement for up to an additional 836 MW worth of 2 MW turbines of which 200 MW is firm. Deliveries for Origin are expected to occur in mid-2014 with commissioning by the end of that year.

      We’re thankful to work again with a major global company like Enel which has a proven track record of building successful wind-energy projects in this country,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Our two-megawatt platform features turbines that are reliable, proven workhorses with a very competitive cost of energy. We are confident the V100-2.0 MW turbines will deliver a positive return on investment for Enel.
       
      Vestas’ factories in Colorado will be involved in manufacturing blades, nacelles and towers for the 350 MW order. To meet customer demand, Vestas is adding more workers at three of its Colorado factories – the blade factory in Windsor as well as the blade and nacelle factories in Brighton. Vestas is recruiting now and expects to add hundreds of production workers in the first half of 2014 in Windsor and Brighton, primarily at the two blade factories. Interested candidates can apply at ElwoodWindJobs.com.

      The Origin project will include a three-year Active Output Management (AOM) 5000 service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      Vestas has previously supplied wind turbines to Enel for three U.S. projects, most recently the 200 MW Caney River wind power plant in Kansas that was commissioned in 2011.

      EGP-NA, part of Enel Green Power, is a leading owner and operator of renewable energy plants in North America with projects operating or under development in 21 U.S. states and two Canadian provinces.

      Media contact
      Andrew Longeteig, Vestas, North America         
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 50,000 wind turbines and over 58 GW in 73 countries – 62 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 16,000 people worldwide including 2,500 throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. We invite you to learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      Download pdf

       



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      08:30 - 18 Dec 2013

      Vestas receives 350 MW order in the USA with a potential of up to 636 MW more

      Vestas has received a firm and unconditional order for 350 MW in the USA with a potential of up to 636 MW more.

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      Vestas has received a firm and unconditional order for 350 MW in the USA with a potential of up to 636 MW more.

      Additional information about the project

      Customer: Enel Green Power North America, Inc.
      Project name: Undisclosed.
      Location/Country: USA
      Number of MW: 350 MW
      Number of turbines/turbine type 175 2 MW turbines
      Contract type: Supply-only
      Contract scope: Supply and commissioning of the wind turbines as well as Active Output Management (AOM) 5000 service agreement.
      Time of delivery From 2014 through 2015.

      Total year-to-date announced order intake in MW: 4,491 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology 

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Vestas, North America         
      Tel:  +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download pdf

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      17:30 - 17 Dec 2013

      Vestas receives 51 MW order for the largest V112-3.0 MW wind power plant in France

      JP Energie Environnement in France has signed an agreement to construct a wind power plant using 17 V112-3.0 MW turbines. This will be the customer’s first wind power plant with Vestas turbines and the largest V112-3.0 MW wind power plant in France.

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      JP Energie Environnement in France has signed an agreement to construct a wind power plant using 17 V112-3.0 MW turbines. This will be the customer’s first wind power plant with Vestas turbines and the largest V112-3.0 MW wind power plant in France.

       

      The Moulin d’Emanville wind power plant will be installed in the department of Eure et Loire, in the region of Centre in France.

      The contract includes delivery, installation and commissioning of the wind power plant, as well as a 15-year full-scope AOM 5000 service and maintenance agreement. The wind turbines for the Moulin d’Emanville wind power plant are scheduled to be delivered in the second quarter of 2014, with commissioning expected by the third quarter of 2014.

      Since 2004, JP Energie Environnement (JPEE) has developed, financed, built and operated wind, solar, hydro and biomass renewable energy plants. As of 2013, JPEE operates six wind power plants and 66 photovoltaic plants for a total of 91 MW of installed capacity, corresponding to the power consumption of about 60,000 homes.

      Considering the potential of France’s wind resources, there is room for further development of the installed capacity and we want to be actively supporting this like we have been doing for the last ten years,” comments Xavier Nass, CEO of JPEE, who continues, “For our seventh wind project we are very pleased to begin working with Vestas as we have always valued the quality of their turbines, their engineering expertise and their customised solutions, and we see this order as a first step in extending the success of both of our companies in the French market.”

      Nicolas Wolff, General Manager, Vestas France, states: “Vestas is proud to announce the new partnership with JPEE which opens new opportunities for both companies and for the country’s wind power development. With more than 100 MW of V112-3.0 MW sold in France and over 4.5 GW of firm orders at a global level, Vestas believes that the 3 MW platform allows our customers to harvest wind in a very profitable way.”

      The new wind power plant which will be located in the communities of d'Allonnes and Beauvilliers and which will be the largest V112-3.0 MW wind power plant in France, will create additional six technicians jobs at the service centre of Sancheville.

      The Moulin d’ Emanville wind power plant will have an estimated annual production of 130,000 MWh per year, which will save the environment from around 10,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 40,000 people in France or around 10 per cent of the population of the department of Eure et Loire.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      About Vestas in France
      As of 30 June 2013, Vestas has delivered to the French market a total of 1,628 MW. Vestas has sales offices in Paris and Montpellier and a network of eight service centres throughout the country to ensure the highest availability and power production of the wind power plants. Today, Vestas France employs more than 250 people.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      For media inquiries, please contact
      Velia Senatore, Communications Partner, External Relations
      Tel.: +39 099 460 6415 / veise@vestas.com

      Download pdf

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      14:00 - 13 Dec 2013

      Vestas’ financial calendar 2014

      Vestas’ financial calendar 2014

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      Vestas’ financial calendar 2014

      The Vestas Group’s financial calendar for 2014 is as follows:

      4 February 2014
      Disclosure of annual report 2013 and guidance for 2014

      7 February 2014
      Deadline for the company’s shareholders to submit a written request to the Board of Directors that a certain subject be included in the agenda for the Annual General Meeting.

      28 February 2014
      Convening for Annual General Meeting

      24 March 2014
      Annual General Meeting in Aarhus, Denmark

      9 May 2014
      Disclosure of interim financial report for Q1 2014

      20 August 2014
      Disclosure of interim financial report for Q2 2014

      7 November 2014
      Disclosure of interim financial report for Q3 2014

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      11:30 - 10 Dec 2013

      Vestas receives four Swedish orders totalling 59 MW

      Vestas and long-time customer Eolus today signed contracts for four projects further solidifying Vestas’ leading role in Sweden and the strong relationship between the two companies.

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      Vestas and long-time customer Eolus today signed contracts for four projects further solidifying Vestas’ leading role in Sweden and the strong relationship between the two companies.

      The four projects will be located in southern Sweden using a range of Vestas turbines as follows:

      Skalleberg:   14 MW (8 x V100-1.8 MW); 4 MW (2 x V90-2.0 MW)
      Ramsnäs:     13 MW (7 x V100-1.8 MW)
      Mungseröd:  14 MW (8 x V100-1.8 MW)
      Alered:         13 MW (4 x V112-3.3 MW)

      The contracts include delivery, installation and commissioning of the wind power plants. Each project includes a 10-year Active Output Management (AOM) 4000 full availability service contract.  The Ramsnäs, Mungseröd, and Alered projects are expected to be installed during Q3 2014; the Skalleberg project, during Q4 2014.

      Eolus CEO Per Witalisson comments, “Vestas has been very accommodating and professional, which we truly appreciate. The offer Vestas gave us matched our expectations, and we look forward to the same good cooperation as we have had in previous business with Vestas,” says Per Witalisson, CEO, Eolus Vind AB.

      Commenting on the new contracts, Vestas Northern Europe President Klaus Steen Mortensen states, “These projects reaffirm the strong relationship between Eolus and Vestas.  We are proud and humbled by the confidence Eolus continues to show in our ability to contribute to realising their wind power ambitions.”

      "With this announcement, Vestas has reached a total of more than 400 MW of firm orders with Eolus – Sweden’s leading wind power developer.  We look forward continuing the good cooperation we have with Eolus,” says Krister Poole Jönsson, VP Sales Nordic & Baltics, Vestas Northern Europe AB.

      For more information, please contact
      Michael Zarin, Head of External Communications
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      Lisa Malmquist Ekstrand, Head of Public Affairs, Vestas Northern Europe
      Tel: +46 767 677 180
      Email: lieks@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      About Eolus
      Eolus Vind AB is one of the leading wind power developers in Sweden. Eolus is active in the value chain from development of green field projects to establishment and operation of wind farms. Eolus offers attractive and competitive investments both to local and international investors in the Nordic and Baltic countries. Founded in 1990, Eolus has established over 420 wind turbines in Sweden. The Eolus Group currently owns and operates 43 wind turbines with an installed capacity of 63 MW and a yearly electricity production of 154 GWh. Eolus Vind AB has approximately 3,100 shareholders. Eolus’ shares are listed at NASDAQ OMX First North in Stockholm with Erik Penser Bankaktiebolag as certified adviser.

      For more information about Eolus, please visit www.eolusvind.com.

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      20:40 - 05 Dec 2013

      Vestas secures 24 MW order for four projects in Canada

      Vestas has received a 24 MW order for 12 V100-2.0 MW wind turbines from juwi Wind Canada Ltd. for four projects in Nova Scotia, Canada.

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      Vestas secures 24 MW order for four projects in Canada

      Deliveries for all projects — Truro Heights, Millbrook, Whynotts and Chebucto Pockwock — are expected to occur in mid-2014 with commissioning in the second half of next year.

      We welcome juwi Wind as a new North American customer for Vestas and are confident they will achieve great return on its investment with the V100-2.0 MW,” said Chris Brown, President of Vestas’ sales and service division in Canada and the United States. “We have already delivered turbines this year to eight different projects in Canada to help solidify our No. 1 position in the country. We look forward to doing more in 2014 with juwi Wind and other customers.”
       
      Vestas’ nacelle factory in Colorado will assemble the hub and nacelle for these projects while the blades and towers will come from the company’s European factories.

      Juwi Wind is pleased to expand our global relationship with Vestas with deliveries to our first projects in Canada,” said Michael Rucker, President of juwi Wind Canada. “With the V100, Vestas is delivering a flexible and well-tuned product for the community fixed feed-in tariff market in Nova Scotia. We look forward to future project opportunities with Vestas in Canada and throughout North America.”

      Vestas has previously supplied turbines to juwi Wind for projects in Germany.

      The projects will have five-year service agreements using Active Output Management (AOM) 5000. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      This year, Vestas has received over 900 MW of orders in the United States and Canada among four turbine types. 

      Media contact
      Andrew Longeteig, Vestas, North America         
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com

      About Vestas
      Since 1979, Vestas has supplied more than 50,000 wind turbines and over 58 GW in 73 countries — 63 percent more than its closest competitor. Vestas installed its first wind turbines in Canada in 1997 and since has become the leading supplier in the country with more than 1,400 turbines and 2,400 MW cumulatively in every province — enough installed electrical capacity to power 600,000 homes. Vestas has delivered turbines this year to seven projects in Canada. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. We invite you to learn more about Vestas by visiting www.vestas.com and following us on our social media channels:

      • www.twitter.com/vestas
      • www.linkedin.com/company/vestas
      • www.facebook.com/vestas
      • plus.google.com/+vestas

      About juwi Wind Canada Ltd.
      Juwi Wind Canada Ltd is a subsidiary of the juwi Group, a major international developer of renewable energy projects. The juwi Group has been designing, building and operating plants that harness renewable energy since 1996, and to date juwi Group has installed approximately 700 wind turbines worldwide at 100 sites, producing a total output of approximately 1,400 MW. Juwi's North American wind operations are based in Boulder, Colorado.

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      13:15 - 05 Dec 2013

      Vestas receives 44 MW order for the Kangal RES wind power plant in Turkey

      Kangal Elektrik Uretim A.S. has signed an agreement to construct a wind power plant using 22 V100-2.0 MW wind turbines. The company’s first wind project will be ready for turbine installation in the first quarter of 2014.

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      Kangal Elektrik Uretim A.S. has signed an agreement to construct a wind power plant using 22 V100-2.0 MW wind turbines. The company’s first wind project will be ready for turbine installation in the first quarter of 2014.

      The 44 MW Kangal RES wind power plant will be installed in the Sivas province, Turkey. The contract includes delivery, installation and commissioning of the wind power plant, including an eight-year full scope availability agreement, AOM4000.

      The wind turbines are scheduled to be delivered in the first quarter of 2014, and to be commissioned by the third quarter of the same year.

      Olcayto Yigit, General Manager, Vestas Turkey, says: “This new order reflects the confidence in our proven products and established service organisation in the Turkish market and we are happy to partner with Kangal Elektrik Uretim A.S. for their very first wind project. We will secure cost-effective, efficient, and reliable wind power solutions, all supported by an experienced team of local specialists.”

      The Kangal RES wind power plant will have an estimated annual production of 130,000 MWh per year, which will save the environment from around 60,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 217,000 people in Turkey.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 63 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      About Vestas in Turkey
      Vestas has been operating in Turkey since 1984 when it installed its first turbine. Since then, Vestas has delivered over 600 MW of wind power capacity to the region. In January 2008, Vestas established an office in Istanbul and during the years, it also opened three warehouses and service locations in the country.

      Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and contributing to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.
       
      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

      ◦twitter.com/vestas
      ◦linkedin.com/company/vestas
      ◦facebook.com/vestas
      ◦plus.google.com/+vestas

      For media inquiries, please contact
      Velia Senatore, Communications Partner, External Relations
      Tel.: +39 099 460 6415, veise@vestas.com

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      09:30 - 04 Dec 2013

      First V164-8.0 MW nacelle completed

      The prototype nacelle for the world’s most powerful wind turbine, Vestas’ V164-8.0 MW, has been completed at Lindø Industrial Park, Denmark. The nacelle is now en route to installation at the Danish national test centre at Østerild.

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      The prototype nacelle for the world’s most powerful wind turbine, Vestas’ V164-8.0 MW, has been completed at Lindø Industrial Park, Denmark. The nacelle is now en route to installation at the Danish national test centre at Østerild.


      "The complete nacelle and all of its components have now successfully passed the extensive testing regime according to the plan to date. This means we can now take another step closer to bringing the V164-8.0 MW to our customers,” says Vestas Chief Technology Officer Anders Vedel. 

      The V164-8.0 MW prototype will be installed at the Danish national testing centre in Østerild, where further tests will be conducted to ensure the turbine’s reliability and performance to provide certainty to customers looking to make investments in offshore wind. Installation of the turbine is expected to be completed in the first quarter of 2014. 

      The nacelle has been built at Lindø Industrial Park, which offers ideal facilities for the prototype nacelle construction, explains Anders Vedel. 

      We chose to build the prototype nacelle in Denmark because of the skills, knowledge and experience built up in R&D in the country by Vestas and others,” he says. 

      The nacelle is 20 metres long, 8 metres wide and 8 metres high, and weighs approximately 390 tons including the hub. The V164-8.0 MW turbine will be the world’s most powerful, with one unit capable of supplying electricity for 7,500 average European households. 

      The swept area of more than 21,000 m2 increases the amount of energy captured, while reducing operational and maintenance costs by enabling customers to run fewer, larger turbines, with fewer service visits.

      Download the photos of the V164-8.0 MW nacelle prototype here:

       V164-8.0 MW nacelle prototype         V164-8.0 MW nacelle prototype

      V164-8.0 MW nacelle prototype          V164-8.0 MW nacelle prototype

      For more information, please contact:
      Michael Zarin,
      Head of Media Relations 
      Tel: +45 4084 1526
      Mail: mizar@vestas.com

      Download pdf

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. 
       

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas

      www.linkedin.com/company/vestas

      www.facebook.com/vestas

      www.plus.google.com/+vestas

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      07:55 - 04 Dec 2013

      Information in the market regarding delay of Vestas contract in Mexico

      Information in the market regarding delay of Vestas contract in Mexico

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      Information in the market regarding delay of Vestas contract in Mexico

      Today, there is information in the market that the 396 MW Mareña Renovables project in Mexico (ref. company announcements No. 14/2012 of 12 March 2012 and No. 19/2013 of 15 May 2013) has been further delayed.

      Vestas can confirm that it has agreed to extend the forbearance agreement from 30 November 2013 until 28 February 2014 subject to the fulfillment of certain conditions.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      11:50 - 28 Nov 2013

      Vestas receives 23 MW order for the extension of the Bakras wind power plant in Turkey

      Tefirom Group has signed an agreement for the extension of the Bakras wind power plant using 7 V112-3.3 MW wind turbines. Vestas remains the sole provider of wind turbines to the Tefirom Group, who operates in the construction, energy, transport, logistics and education sectors in Turkey and with the extension will have 65 MW of wind power capacity.

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      Tefirom Group has signed an agreement for the extension of the Bakras wind power plant using 7 V112-3.3 MW wind turbines. Vestas remains the sole provider of wind turbines to the Tefirom Group, who operates in the construction, energy, transport, logistics and education sectors in Turkey and with the extension will have 65 MW of wind power capacity.

      Built in 2010, the existing Bakras wind power plant currently consists of 5 V90-3.0 MW turbines.

      The wind turbines for the extension are scheduled to be delivered in the first quarter of 2014, and to be commissioned by the second quarter of 2014.

      The 23 MW contract includes supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system as well as a five-year full-scope service agreement (AOM 4000).

      The complete Bakras wind power plant will have an estimated annual production of more than 120 GWh per year, which will save the environment from over 55,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 200,000 people in Turkey.

      It comes very natural to develop our business with a supplier that has the same views of a successful wind project as we do: Vestas, like Tefirom Group, combines latest technology developments with its solid experience in construction, engineering, contracting and project management fields,” states Tevfik Öz, President of Board of Directors of Tefirom Group who concludes “We look forward to the installation of our first V112-3.3 MW wind turbines integrating our Vestas installed capacity. Based on our long-lasting relationship with Vestas, we are extremely confident that the projects will be successfully commissioned.”

      Olcayto Yigit, General Manager, Vestas Turkey, comments: “Having provided 100 per cent of the Tefirom Group’s wind capacity gives us pride and confidence in our organisation as well as in our products. We will continue to work closely with our customers throughout their value chain to understand their needs and meet their long-term requirements.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 63 per cent more megawatts installed than our closest competitor and more than 58 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at vestas.com.

      About Vestas in Turkey
      Vestas has been operating in Turkey since 1984 when installing its first turbine in the country. Since then, Vestas has delivered over 600 MW of wind power capacity to the region. In January 2008, Vestas established an office in Istanbul and operates three warehouse and service locations in the country. Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and contributing to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.

      About Tefirom Group
      The Tefirom Group’s activities range from construction to water treatment, energy production, international transport, logistics and education. The Tefirom Group manages its activities in these areas through twelve established companies and five companies currently being established in different countries.

      For media inquiries, please contact
      Velia Senatore, Communications Partner, External Relations
      Tel.: +39 099 460 6415 / veise@vestas.com

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      09:30 - 25 Nov 2013

      Vestas launches Wind for Prosperity in collaboration with Masdar

      Unique business innovation to bring affordable electricity to energy-poor, wind-rich rural communities

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      Unique business innovation to bring affordable electricity to energy-poor, wind-rich rural communities

      “Many of the world’s most underserved citizens rely primarily on diesel generators for what power they have, which is expensive and polluting.  Wind for Prosperity uses Vestas’ unique weather data processing capabilities to identify energy-poor but wind-rich areas where Vestas’ wind hybrid solutions can power social and economic growth," says Morten Albæk, Vestas Group Senior Vice President and CMO.  

      Wind for Prosperity is an innovative, commercially-based business model to bring affordable and reliable electricity to rural populations that currently lack it.  Anchored on wind power technology, Wind for Prosperity creates an opportunity for business, government, and financial institutions to combine their talents to improve people’s lives and generate risk-adjusted returns for private investors.

      Adds Albæk, As one of the biggest corporate initiatives to combat energy poverty and deploy green technology in developing countries, Wind for Prosperity is a triple-win – generating growth, reducing pollution, and doing both profitably.”

      “Sustainable Energy for All is about public-private-partnerships,” says Kandeh Yumkella, the United Nations Secretary-General’s Special Representative and Chief Executive. “We need new and good technologies to help the energy poor access clean, reliable, affordable and modern energy services to manage their everyday lives. If good technologies can’t be financed, an energy revolution is impossible. Vestas’ Wind for Prosperity will help transform lives and communities.”
       
      Masdar, Abu Dhabi’s renewable energy company, strongly shares the vision behind Wind for Prosperity and will focus on managing the development and construction of Wind for Prosperity projects; while Vestas will focus on wind-mapping, site design, and sourcing and refurbishing wind turbines. 

      “Addressing the lack of access to clean, reliable and affordable energy services for billions of people is one of the world’s most critical development challenges and is becoming increasingly prominent on the international agenda,” says Mohamed Al Ramahi, Masdar’s Chief Operating Officer. “For the last 40 years, the United Arab Emirates has been committed to helping countries achieve economic growth and introducing technology that allows access to energy. Wind for Prosperity is aligned with Masdar’s mission to work on the introduction of sustainable energy solutions.”

      Wind for Prosperity combines robust, factory-refurbished wind turbines with advanced diesel power generation to create hybrid systems that are well-suited to operate on mini-grids in remote locations with limited infrastructure.  These Vestas turbines are easy to transport and erect; they have a proven track record and are easy to maintain.  

      The first Wind for Prosperity projects focus on up to 13 Kenyan communities that are home to more than 200,000 people.  These projects – being planned in coordination with the Kenyan Ministry of Energy, Kenya Power and Light Company, and various government agencies – are expected to supply electricity at least 30% below the current cost of power production based on diesel only.  Frontier Investment Management is actively involved in developing the Kenyan opportunity and together with Vestas is exploring potential Wind for Prosperity projects in other African countries.

      Wind for Prosperity aims to install the hybrid power generation system in 100 communities reaching at least one million people in the next three years.  Additional opportunities are being explored in countries such as Ethiopia, Tanzania, Yemen, Pakistan, Vietnam, and Nicaragua.

      The Wind for Prosperity launch event takes place:

      Tuesday, November 26, 3:00 pm; with reception to follow
      Japan Society
      Lila Acheson Wallace Auditorium
      333 East 47th Street, New York, NY

      The program includes:

      Moderator:
      Jose Maria Figueres, President, Carbon War Room

      Speakers:
      • Olabode Esan, Head of Special Projects, Masdar
      • Jeffrey Sachs, Director of the Earth Institute and Professor of Sustainable Development at Columbia University
      • Michael Liebreich, CEO, Bloomberg New Energy Finance
      • Georg Kell, Executive Director, United Nations Global Compact
      • Kim Gredsted, Partner and Investment Director, Frontier Investment Management
      • Ambassador Ib Petersen, Permanent Representative of Denmark to the United Nations
      • Representative of the Kenyan government (TBC)
      • Morten Albæk, Group Senior Vice President, Vestas Wind Systems A/S
      • Sir Richard Branson, Entrepreneur, will address the audience via a pre-recorded video message.

      For more information on Wind for Prosperity:

      Vestas:
      Michael Zarin, Head of External Communications
      Mobile: +45 4084 1526
      Email: mizar@vestas.com

      Masdar:
      Omar Zaafrani, Head of Communications
      Mobile: +971 2653 0055
      Email: ozaafrani@masdar.ae
       
      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 16,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. 

      About Masdar
      Masdar is Abu Dhabi’s multi-faceted renewable energy company with a mission to invest, incubate and establish a commercially viable new-energy industry in Abu Dhabi and around the world. Masdar also plays an important role in extending Abu Dhabi’s energy leadership beyond hydrocarbons, thereby supporting economic diversification and human capital development.  The company serves as a link between today’s fossil-fuel economy and the energy economy of the future.

      About Frontier Investment Management
      Frontier Investment Management manages the private equity fund DI Frontier Market Energy & Carbon Fund, which invests in renewable energy power projects in Sub-Saharan Africa. Frontier has provided inputs to Vestas’ work on developing the Wind for Prosperity concept and is developing concrete Wind-for-Prosperity-projects in collaboration with Vestas.

      What others are saying about Wind for Prosperity

      • Hon. Davis Chirchir, Cabinet Secretary, Kenyan Ministry for Energy and Petroleum 

      “Provision of adequate, reliable and affordable energy is vital for achievement of Vision 2030, the national blueprint for Kenya. It aims at having Kenya reach newly industrialised status, with the citizens enjoying high quality of life by 2030. Kenya has also subscribed to the UN Sustainable Energy for All Initiative, which aims at reaching universal access to electricity by 2030 as well as doubling the share of renewable energy in the generation mix and enhancing energy efficiency.  We welcome the initiative of the Wind for Prosperity consortium to develop and finance these projects in Kenya. The introduction of renewable energy in the off-grid stations is a high priority for the Kenyan government. Hybridization will have the desired benefit of reducing the use of fuel used in the generators and this will make it possible to provide electricity to more people in rural areas.”

      • Strive Masiyiwa, Founder and Chairman of Econet Wireless, Member of the Rockefeller Foundation Board of Directors

      “Wind for Prosperity is exactly the kind of bold and ambitious initiative we need to combat energy poverty.  I am very pleased to announce that Econet Wireless, our international telecommunications group, will be partnering with Vestas and Wind for Prosperity to deploy wind-hybrid solutions to remote communities in several African countries.  I am particularly interested in the potential of affordable electricity to boost agricultural productivity and create jobs.”

      • Kim Gredsted, Partner and Investment Director, Frontier Investment Management (www.frontier.dk)

      “Our fund invests in renewable energy power projects in Sub-Saharan Africa.  Frontier markets face a major energy challenge in both the short and long run, and they have a significant need for investments in their power sectors.  We work to find ways to tackle this challenge in a financially attractive, and a socially and environmentally responsible way.  Wind for Prosperity offers a promising way to achieve this in remote settings with no connection to the general power grid where there is no power or very expensive power from small diesel generators and where it can make a big difference.  We are very pleased to work with Vestas on this initiative.”

      • Lars Løkke Rasmussen, Chairman of Global Green Growth Institute and former Prime Minister of Denmark

      “The Wind for Prosperity initiative is fully in line with GGGI’s focus on promoting green growth in emerging and developing economies and in recognising the key role of the private sector in this endeavor.  It’s an example of the public-private partnerships that we believe will help accelerate environmentally and economically sustainable growth.”

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      16:25 - 18 Nov 2013

      Vestas to invest in the Taranto blades factory

      Vestas to invest in the Taranto blades factory and offer employment opportunity to part of the nacelles personnel

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      Vestas to invest in the Taranto blades factory and offer employment opportunity to part of the nacelles personnel

      Vestas commits to investing EUR 10 million to launch V112-3.0 MW blade production at its Taranto, Italy, blades factory and to offering employment opportunities for a number of nacelles plant employee.

      Vestas committed to hiring, after professional re-training, 30 nacelles employees for work in the blades factory and to an additional eight employment proposals in the Vestas Italia sales, installation, and service unit.  Depending on market conditions, up to an additional 60 employees at the nacelles facility could be offered employment at the blades factory. Furthermore, 30 nacelles employees could be hired in Vestas facilities in the UK, Spain, Denmark, or Germany, depending on the individuals’ professional qualifications and personnel requirements at these facilities. 

      We are pleased to announce the launch of the V112-3.0 MW blade production line in Taranto and a related EUR 10 million investment. This will allow Vestas to bring our latest technology to the Taranto plant, which will benefit our customers, the entire supply chain and the local community through employment possibilities for the nacelles plant personnel,” comments Jean-Marc Lechêne, Vestas Chief Operating Officer.

      The Ministry for Economic Development (MISE) via an official press release in which Claudio De Vincenti, undersecretary at MISE, comments: “The blades factory will therefore be able to absorb part of the nacelles factory employees, and the company has expressed the will to offer an opportunity to the employees, through an adequate professional requalification. All in all, the agreement combines employee safeguards and the strengthening of Vestas’ production and market outlook.”

      For more information, please contact

      Velia Senatore
      External Communications Partner, Vestas Mediterranean
      Tel. +39 331 65 68 406 / Email: veise@vestas.com

      Jens Velling
      Press & Communication Officer, Media & External Relations
      Tel: +45 2256 7437 / Email: jensv@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      As of 30 June 2013, Vestas employed 713 people in Italy within service, sales and production.

      We invite you to learn more about Vestas by visiting our website at vestas.com.

      Download pdf

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      08:30 - 06 Nov 2013

      Interim financial report – third quarter 2013

      Third quarter EBIT improved despite 27 per cent lower revenue. Outlook for 2013 upgraded on EBIT margin and free cash flow. Turnaround continues according to plan.

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      Interim financial report – third quarter 2013

      Summary

      Third quarter EBIT improved despite 27 per cent lower revenue. Outlook for 2013 upgraded on EBIT margin and free cash flow. Turnaround continues according to plan.

      Vestas upgrades the 2013 outlook on EBIT margin before special items from minimum 1 per cent to minimum 2 per cent and free cash flow is upgraded from minimum EUR 200m to EUR 500-700m.

      In the third quarter of 2013, Vestas generated revenue of EUR 1,442m – a decrease of 27 per cent to the year-earlier period. Despite the decrease in revenue, EBIT before special items increased by EUR 54m to EUR 67m due to the lower fixed cost base and improved project margins. The EBIT margin before special items was 4.6 per cent and the free cash flow increased by EUR 198m to EUR 56m compared to the third quarter of 2012.

      The intake of firm and unconditional wind turbine orders was 1,547 MW in the third quarter of 2013. The value of the wind turbine backlog amounted to EUR 7.3bn at 30 September 2013. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 6.1bn at the end of September 2013. Thus the value of the combined backlog of wind turbine orders and service agreements stood at EUR 13.4bn – an improvement of EUR 400m during the quarter.

      During the third quarter, Vestas and Mitsubishi Heavy Industries Ltd. have agreed to form a joint venture dedicated to offshore wind energy. 

      In order to increase the flexibility of Vestas’ supply chain, Vestas has divested its machining and casting units to the German industry group VTC Partners GmbH. The divestment led to write downs of EUR 50m which constitutes the majority of the third-quarter special items of EUR 64m.

      Group President & CEO, Anders Runevad said: ”The improved EBIT despite a 27 per cent drop in revenue and another quarter of debt reduction are important results of the ongoing turnaround, and we remain focused on delivering according to plan in the last part of the year.”

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      11:50 - 05 Nov 2013

      Vestas launches Act on Facts campaign in UK and Ireland; injects reality into wind energy debate

      “The public debate about wind energy and green levies in the UK is too often being distorted by factually flawed arguments and misleading information. The Act on Facts campaign is designed to bring the debate about wind energy back to reality. People in the UK want to see more wind energy; we can’t let a distorted debate stop that from happening,” says Morten Albæk, Vestas Group Senior Vice President globally responsible for marketing, communications and public affairs.

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      “The public debate about wind energy and green levies in the UK is too often being distorted by factually flawed arguments and misleading information. The Act on Facts campaign is designed to bring the debate about wind energy back to reality. People in the UK want to see more wind energy; we can’t let a distorted debate stop that from happening,” says Morten Albæk, Vestas Group Senior Vice President globally responsible for marketing, communications and public affairs

      Tomorrow at the RenewableUK annual conference in Birmingham, Vestas brings to the UK and Ireland its innovative global campaign to separate rhetoric from reality and to channel public support towards actions that help wind energy.

      Matt Partridge, Development Director at REG Windpower says, “I warmly welcome this campaign. We are an extremely active developer and operator of onshore wind farms with projects across the country, and we see first-hand how damaging myths about wind energy can be.

      He continues, “This campaign not only has the potential to help base the debate on facts rather than half-truths and rhetoric, but can also help us engage with the 70% of the population that nationwide surveys consistently show are in favour of onshore wind.

      According to Maria McCaffery, Chief Executive of RenewableUK, “Wind power is overwhelmingly popular with communities up and down the country, yet sometimes this support gets drowned out in the media by a small but highly vocal minority.  It is very important that wind supporters feel more confident about speaking out. They have nothing to fear because the facts are on their side.

      Anchored around the web portal www.ActOnFacts.org, the campaign’s latest phase features

      • six newly-produced vox pop videos addressing key misconceptions about wind energy;
      • an expanded section featuring well-documented, fact-based information to help answer common questions about wind energy and dispel some of the more common myths and misconceptions;
      • new functions such as Supporters’ Corner and Community Stories sections; and,
      • up-to-date information on pro-wind and pro-climate initiatives in which local citizens can engage.

      People in 99 countries have visited the Act on Facts web portal since the pilot program was launched in Australia in June.  Since its inception, more than 1.2 million people have been exposed to the campaign via multiple social media channels.

      The Act on Facts UK-Ireland launch event starts at 12.30pm on November 6, at the Vestas exhibition stand at the RenewableUK annual conference.  Sarah Merrick, Vestas Head of Public Affairs UK and Ireland will give an overview of the campaign and its aims and demonstrate the web portal’s functions; and Matt Partridge, Development Director at REG Windpower will outline what he hopes the campaign will bring to the UK wind debate.

      For more information on Act on Facts:

      Please visit:  www.ActOnFacts.org

      Additional information also available at: http://www.vestas.com/en/media/media-kit/act-on-facts.aspx

      Or contact:

      In UK:
      Sarah Merrick,
      Head of Public Affairs, UK and Ireland
      Mobile: +44(0)7552 120942
      Email: samer@vestas.com
       
      Globally:
      Michael Zarin,
      Head of External Communications, Vestas Wind Systems A/S
      Mobile: +45 4084 1526
      Email: mizar@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

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      17:05 - 04 Nov 2013

      Information in the market regarding project in the USA

      Information in the market regarding project in the USA.

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      Information in the market regarding project in the USA

      Today, there is information in the market regarding a project in the USA.

      As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      12:15 - 04 Nov 2013

      Information in the market regarding offshore project in the UK

      Information in the market regarding offshore project in the UK

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      Information in the market regarding offshore project in the UK

      Today, there is information in the market regarding an offshore project in the UK.

      As soon as the project translates into a firm and unconditional order in accordance with Vestas’ definition, Vestas will disclose a company announcement about this.

      Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Download pdf

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      12:05 - 04 Nov 2013

      Vestas launches the V105-3.3 MW for windy and turbulent conditions

      The V105-3.3 MW - optimised for high wind sites with tip height restrictions - has been launched to the market, providing a competitive product offering in countries such as the United Kingdom and Ireland.

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      The V105-3.3 MW - optimised for high wind sites with tip height restrictions - has been launched to the market, providing a competitive product offering in countries such as the United Kingdom and Ireland

      Vestas has developed the V105-3.3 MW turbine, expanding the flexibility of the proven and popular 3 MW platform. The turbine is aimed at key markets with maximum tip height restrictions such as the UK and Ireland, as well as the IEC 1A high wind and high turbulence wind class.

      According to UK government expectations, the onshore wind market in the UK will increase by 3.5-5.5 GW by 2020. Around two thirds of the market is restricted to operating tip heights of up to 127m. The market is characterised by high and turbulent wind conditions.

      Vestas is continuously optimising our product portfolio to meet customer and market requirements,” explains Chief Technology Officer Anders Vedel.

      The V105-3.3 MW has been optimised to meet the need for customers developing projects in markets with tip height restrictions such as the UK and Ireland. It will also increase annual energy production by up to 22% in IEC 1A conditions compared to the V90-3.0 MW, resulting in greater revenue for our customers,” he says.

      Building on the technology of the existing 3MW platform to develop the V105-3.3 MW means customers looking to develop projects on sites with tip height restrictions can gain confidence from the long track record of the technology, as Vestas has sold over 4.5 GW and installed almost 2 GW of the 3 MW platform around the world.
       

      About the V105-3.3 MW

      The V105-3.3 MW is built from the proven technology of the V112-3.0 MW, with the same nacelle, hub and drive train technology, and featuring a smaller rotor size. The 51.5m blades for the turbine are built from the same technology as the 55m blade for the V112-3.3 MW, with modifications made to the mould to shorten the blade.
       
      The full scale convertor of the V105-3.3 MW means the turbine is fully compliant with grid codes in the UK and Ireland.
       
      The V105-3.3 MW will feature a 105m rotor and a 72.5m tubular steel tower. The prototype for the V105-3.3 MW will be installed in Q2 2014 in Høvsøre, Denmark and the first serial delivery available at the end of Q4 2014.
       
      For more information, please contact:

      Matt Whitby, Press & Communication Officer
      Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com
       

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels.

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      08:40 - 24 Oct 2013

      Vestas expands Act on Facts campaign to include Sweden; UK and Ireland will follow in November

      Vestas expands Act on Facts campaign to include Sweden; UK and Ireland will follow in November

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      Lorem ipsum eleifend ac sed ultrices eleifend etiam sagittis fames sapien, fermentum scelerisque himenaeos aptent vel urna ipsum felis aenean, quisque ultricies id integer potenti aenean posuere massa torquent.

      “Wind energy projects are being put at risk by an increasingly organized and influential anti-wind movement. The Act on Facts campaign is designed to counter factually flawed arguments and misinformation and to tip the balance back in wind energy’s favour,” says Morten Albæk, Vestas Group Senior Vice President globally responsible for marketing, communications and public affairs.

      Today at the VIND 2013 wind industry conference in Stockholm, Vestas launches the next phase of its innovative global campaign to separate rhetoric from reality and to channel public support toward political action favouring wind energy.

      According to Per Witalisson, CEO, Eolus Vind AB, “We’ve seen projects delayed and even cancelled as a result of public opposition. It’s one thing if the concerns are well-founded and based on real information. It’s a completely different matter when scare-mongering is the source of the problems. We’re pleased to support Vestas’ initiative. It’s long over-due.”

      “We know that most people actually want more wind energy in their countries. Politicians and other decision makers just need to hear that more often. So, congratulations to Vestas for taking this step. You’ve done a great job creating an innovative, professional campaign,” says Matilda Afzelius, Development Manager, Nordisk Vindkraft AB.

      Initiated in Australia in June and anchored around the web portal www.ActOnFacts.org, the campaign’s latest phase features:
      five newly-produced vox pop videos addressing key misconceptions about wind energy; an expanded section featuring well-documented, fact-based information to help answer common questions about wind energy and dispel some of the more common myths and misconceptions; new functions such as Supporters’ Corner and Community Stories sections; and, up-to-date information on pro-wind and pro-climate initiatives in which local citizens can engage.

      People in 88 countries have visited the Act on Facts web portal since the pilot program was launched in June. During the first two months after launch, more than 930,000 people were exposed to the campaign via multiple social media channels.

      The Act on Facts Sweden launch event starts today at 10.15, at the Vestas exhibition stand at VIND 2013 wind industry conference. Vestas Vice President for Sales in Nordic and Baltic Krister Poole Jönsson will be joined by Vestas Head of Public Affairs Northern Europe Lisa Malmquist Ekstrand, who will elaborate further on the initiative and demonstrate the web portal’s functions; and Annika Helker Lundström, CEO of the Swedish Wind Power Association.

      For more information on Act on Facts:

      Please visit: www.ActOnFacts.org

      Additional information also available at: http://www.vestas.com/en/media/media-kit/act-on-facts.aspx

      Watch "Household cost for green electricity" video prepared for Act on Facts launch in Sweden:

      Or contact:

      In Sweden:
      Lisa Malmquist Ekstrand,
      Policy Specialist, Head of Public Affairs, Vestas Northern Europe
      Mobile: +46 767 677 180
      Email: lieks@vestas.com

      Globally:
      Michael Zarin,
      Head of External Communications, Vestas Wind Systems A/S
      Mobile: +45 4084 1526
      Email: mizar@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas

      www.linkedin.com/company/vestas

      www.facebook.com/vestas

      www.plus.google.com/+vestas

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      23:00 - 23 Oct 2013

      Vestas’ de-icing system improves power production in cold climates

      The Vestas De-icing System (VDS) boosts the business case for operating wind power plants in cold climates.

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      The Vestas De-icing System (VDS) boosts the business case for operating wind power plants in cold climates.

      According to the BTM World Market Update 2012, severe icing can potentially reduce wind turbines’ annual energy production by more than 20%, directly impacting the business case for wind power plants in cold climates. VDS has been developed to detect and efficiently remove ice formed on wind turbine blades, maintaining full power production - and therefore revenue generation for customers - through the winter months.

      The VDS is an active de-icing solution consisting of an ice detection system and a hot air flow unit within the blades. The hot air flow targets the blade’s most critical parts to efficiently melt ice build-up, with no negative impact on the noise level or overall performance of the turbine,” explains Chief Technology Officer Anders Vedel.

      VDS will provide significant value to customers who want to harness the potential of wind power in colder climates with icing risk such as North America as well as the northern and central regions in Europe, which were previously not economically feasible due to the risk of ice affecting power production,” he says.

      Vestas has successfully tested a concept de-icing solution in Canada for the past winter season. The first prototype for the VDS has been installed at a site in Sweden and will be tested throughout the winter. An order has already been received for the first four VDS units, to be installed on a V112-3.3 MW project in Austria in 2014.

      About the VDS

      Easily serviceable from within the hub and inside the blade, the VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage.

      The VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice build up occurs.

      The VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy. The system can be triggered automatically or manually, ensuring customers have full monitoring control of the system.
      VDS is available for the V112-3.3MW as well as the V117-3.3MW subject to demand.

      For more information, please contact:

      Matt Whitby,
      Press & Communication Officer
      Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas

      www.linkedin.com/company/vestas

      www.facebook.com/vestas

      www.plus.google.com/+vestas

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      18:00 - 14 Oct 2013

      Vestas wins 108 MW order for one of the largest wind power plants in Romania

      36 V112-3.0 MW turbines ordered for the Crucea North wind project.

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      36 V112-3.0 MW turbines ordered for the Crucea North wind project

      With reference to Vestas Wind Systems A/S company announcement No. 44 of 10 October 2013, Vestas is pleased to announce a firm and unconditional order for 108 MW from S.C. Crucea Wind Farm S.R.L. / STEAG GmbH for the wind power plant Crucea North, located in the Constanta county in the province of Dobrogea.

      The order includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution as well as a 10-year full-scope service agreement (AOM 4000). Delivery is planned to start in April 2014 and commissioning is expected to be completed by December 2014.

      The Crucea North wind power plant is one of the largest in Romania and represents a step forward in the development of Vestas’ relationship with one of the key players in wind energy in Europe.

      ”The negotiations with Vestas for one of STEAG’s biggest projects in wind energy have been efficient and focused,” states Dr. Ralf Gilgen, member of the Board of Management of STEAG GmbH. “We expect this to be the starting point for a successful strategic partnership in the development and realisation of international wind energy projects.”

      “We are pleased to receive the Crucea North order from our valued customer Crucea Wind Farm S.R.L. / STEAG GmbH. This wind energy project marks another important milestone in further developing the Romanian wind market, and we are happy to support our customer’s business case with our 30 years of wind energy experience and efficient wind energy solutions,” says Thomas Richterich, President of Vestas Central Europe. “With this order Vestas reinforces its market leading position in the Romanian market having the strongest local presence and the largest operational fleet.”

      The wind project totalling 108 MW will be a key contributor to Romania’s ambitious targets as detailed in its National Renewable Energy Action Plan. The 36 V112.3.0 MW wind turbines will produce more than 300 GWh per year, which corresponds to an annual saving of almost 124,000 tons of CO2 emissions. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 550,000 persons in Romania.

      As of 30 June 2013, Vestas has delivered 654 V112-3.0 MW turbines worldwide representing a total capacity of more than 1.9 GW, and has received more than 4.5 GW of firm orders for this model.

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      Vestas entered the Romanian market in 2008 and is now the market leader here, with headquarters in Bucharest as well as several working sites in the field for construction and service activities. The local economy benefits greatly from wind energy’s ability to drive economic growth; skilled jobs are created also in remote areas and around 60 per cent of the revenues generated through the lifetime of a modern 3 MW wind power plant go to local construction companies, suppliers, service providers and communities.

      Contact details

      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Vestas wins 108 MW order for one of the largest wind power plants in Romania

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      17:55 - 10 Oct 2013

      Vestas receives 108 MW order in Romania

      Vestas has received a firm and unconditional order for 36 V112-3.0 MW turbines for Romania.

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      Vestas has received a firm and unconditional order for 36 V112-3.0 MW turbines for Romania.

      Additional information about the project

      Customer: S.C. Crucea Wind Farm S.R.L. / STEAG GmbH
      Project name: Crucea North
      Location/Country: Constanta county, province of Dobrogea, Romania
      Number of MW: 108 MW
      Number of turbines/turbine type 36 V112-3.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The order includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 10-year service agreement (AOM 4000).
      Time of delivery Delivery is planned to start in April 2014 and commissioning is expected to be completed by December 2014.

      Total year-to-date announced order intake in MW: 3,643 MW.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Central Europe
      Thomas Richterich, President

      For more information, or to arrange an interview with Thomas Richterich, please contact:

      Christina Buttler, Communications Partner
      Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736

      A news release from Vestas Central Europe regarding the above-mentioned order will also be published on vestas.com.

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      17:30 - 08 Oct 2013

      Vestas sells its machining and casting units to VTC

      Vestas sells its machining and casting units to VTC.

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      Vestas sells its machining and casting units to VTC

      As part of Vestas’ turnaround plan announced in January 2012 and as also restated in the interim financial report for the second quarter of 2013, Vestas has been negotiating with potential buyers of Vestas’ machining and casting units.

      These negotiations have now been finalised with the signing of a binding sales and supply agreement after which the German industrial group VTC Partners GmbH (“VTC”) will acquire Vestas’ two machining units and four casting units, including approx 1,000 employees in Norway, Sweden, Germany, China and Denmark. The agreement is subject to customary closing conditions, including approvals from relevant authorities in China. VTC is the owner of the Silbitz Group a leading German-based casting group with an existing and proven supplier relationship with Vestas.

      Vestas’ main priority in the divestment of its machining and casting units is to increase the flexibility of Vestas’ supply chain and to secure a buyer that will ensure supply at the required quality and offer reduced and competitive prices for casted components going forward. Finally, the divestment confirms Vestas’ strategy to further concentrate on the core competences of its business.

      The divestment of our machining and casting units is part of the plan to improve our capacity utilisation and to become a more asset-light and scalable company,” says Jean-Marc Lechêne, Executive Vice President and COO of Vestas Wind Systems A/S, and continues: “In outsourcing our machining and casting units, it was important to take the time to find the right partner in order for both parties to benefit from the industrial synergies. VTC will continue to operate with the same high Vestas standards in relation to quality, reliability and safety and I am pleased to say that we consider VTC to be the right partner in all these aspects.

      This transaction offers compelling advantages for both parties involved and VTC plans to invest significantly in the strategic realignment of the group,” adds Dr Thomas Robl, Managing Director of VTC Partners GmbH. “Vestas will receive its components at the same high quality level it is used to, and at the same time it will benefit from VTC’s scale and efficiency in the casting business. Together with our subsidiary the Silbitz Group we are forming a leader in global castings, leveraging our large casting capacity and state-of-the-art machining facilities.

      The transaction has been agreed at a sales price of EUR 1 plus an earn-out element for Vestas of up to EUR 25m. The divestment price implies a further write down of approx EUR 50m consisting of approx EUR 20m in assets held for sale and approx EUR 30m in net current assets, which will be included in special items in the third quarter of 2013.

      It is expected that the divestment will lower Vestas’ costs for casted components by around EUR 30m over the next two years. Due to the additional utilisation that can be brought to the factories under VTC ownership, further cost benefits can be expected in the longer term. The flexible nature of the supply agreement that has been signed as part of the transaction further adds to Vestas’ cost structure becoming more scalable.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      VTC Partners GmbH, Germany
      Richard G. Ramsauer, Managing Director
      Tel.: +49 89 64949 0

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      12:35 - 02 Oct 2013

      Vestas to close nacelle assembly factory in Taranto

      To match production capacity with market demands, Vestas Executive Management intends to close the nacelle assembly factory in Taranto, Italy. Negotiations with local employee organisations will be initiated as soon as possible.

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      To match production capacity with market demands, Vestas Executive Management intends to close the nacelle assembly factory in Taranto, Italy. Negotiations with local employee organisations will be initiated as soon as possible.

      Yesterday, employees at Vestas’ nacelle assembly factory in Taranto, Italy, were informed that Vestas intends to close the factory as part of the on-going adjustment of Vestas’ global production capacity.

      “We regret having to close down the factory in Taranto. However, matching Vestas’ global manufacturing organisation with the market conditions is necessary for Vestas to remain competitive,” says Vestas Chief Operating Officer Jean-Marc Lechêne.

      Creating a leaner and more asset-light manufacturing organisation is a key part of Vestas’ on-going turnaround plan, adapting to a slow-down in the wind power market in 2013 and expected slow growth in coming years.

      “This is a further step in keeping our production facilities running as close to full capacity as possible, which is necessary to support improvements in Vestas’ profitability and the ability to deliver competitive products to our customers,” says Jean-Marc Lechêne.

      120 employees at the factory, including factory management, are expected to be affected as a consequence of the intended closure. Negotiations with the employee unions and authorities will be initiated.

      For more information, please contact:

      Velia Senatore
      External Communications Partner, Vestas Mediterranean
      Tel. +39 331 65 68 406
      Email: veise@vestas.com

      Michael Zarin
      Head of External Communications
      Group MarCom & Corporate Relations
      Tel: +45 9730 7846
      Email: mizar@vestas.com

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas as of June 30, 2013 employed 713 people in Italy within service, sales and production.

      We invite you to learn more about Vestas by visiting our website at vestas.com.

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      22:00 - 30 Sep 2013

      Vestas receives 50 MW order in Uruguay for Fingano S.A.’s first wind power plant

      Vestas receives order for 17 V112-3.0 MW turbines for Uruguay.

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      Vestas receives order for 17 V112-3.0 MW turbines for Uruguay

      Fingano S.A has signed an agreement with Vestas for its first wind power plant in Uruguay. Delivery of the 17 V112-3.0 MW will start in the second quarter of 2014.

      Vestas has received an order from Fingano S.A. for the Carape I wind power plant, which will be installed in Maldonado, Uruguay. The turbines are scheduled for delivery in the second quarter of 2014, and the wind power plant is expected to be commissioned in the third quarter of 2014. Once installed, the wind power plant will have an estimated annual production of more than 242,000 MWh, generating green electricity for 220,000 people in Uruguay.

      Fingano S.A. is a Uruguayan company co-owned by Corporación America, San José, and Contreras. Corporación América is an Argentinian holding operating in the infrastructure, agroindustry, services, technology and energy sectors; San José is a listed and diversified business Group, carrying out its activity in several countries in Europe, America and Africa in construction, real estate, energy and environment, concessions and service. Contreras operates in engineering and construction business with a strong local position in Latin American countries such as Brazil, Bolivia, Chile and Uruguay.

      The contract for the Carape I wind power plant comprises delivery, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 17-year Active Management Output (AOM) 4000 service agreement which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as predict potential maintenance issues. This allows Vestas to plan maintenance so the turbines are operational for the maximum amount of time.

      We are happy to start our wind energy journey by partnering with the global market and technology leader. Our choice was directed towards reliable technology and a solid partner able to support us in all project’s phases. The combination of the V112-3.0 MW turbine and Vestas represented the ideal solution,” says Engineer Carlos Daniel Bautista, Executive Director of Fingano S.A, who concludes “we trust this is the beginning of a sustainable, solid and long-term partnership.”

      This order from Fingano S.A. contributes to strengthening Vestas’ position on the Uruguayan market where Vestas installed 80 per cent of the capacity in 2012. In 2013, we have signed orders totalling 130 MW supporting our strategy placing a solid footprint on this important market and it is a pleasure for us to announce another V112-3.0 MW order in the country,” states Miguel Picardo Troyano, VP Vestas South America (exc. Brazil), who continues, ”We look forward to working in a close partnership with Fingano S.A. and continuing to develop the excellent wind resources in Uruguay.”

      As of 30 June 2013, Vestas has delivered 654 units of V112-3.0 MW turbines worldwide representing a total capacity of 1,961 MW, and it has received more than 4.5 GW of firm orders for this model.

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      About Vestas in Uruguay and Latin America

      Vestas has been operating in Latin America for the past two decades. In the Latin America region, Vestas also has sales and operations offices in Argentina, Brazil and Mexico.

      As of 30 June 2013, Vestas has delivered to the Latin America region 1,150 MW. To date, Vestas has received around 240 MW of firm and conditional orders in Uruguay and installed 80 per cent of the entire capacity in the country at the end of 2012.

      Contact details

      For media inquiries, please contact

      Velia Senatore
      Communications Partner, External Relations,
      Tel.: +39 099 460 6415

      Vestas receives 50 MW order in Uruguay for Fingano S.A.’s first wind power plant

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      15:15 - 27 Sep 2013

      Vestas receives 129 MW order for Dutch offshore wind project

      Vestas receives 129 MW order for Dutch offshore wind project

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      Vestas receives 129 MW order for Dutch offshore wind project

      Vestas will supply 43 V112-3.0 MW offshore-turbines for the Eneco Luchterduinen offshore wind farm off the coast of the Netherlands. Eneco Luchterduinen is owned by Dutch energy company Eneco and Mitsubishi Corporation from Japan. Construction of the project will begin in July 2014.

      With reference to Vestas Wind Systems A/S’ company announcement No. 42/2013 of 27 September 2013, the partnership behind the Eneco Luchterduinen offshore wind farm has placed an order for 43 V112-3.0 MW wind turbines for the offshore wind farm. The order with a total capacity of 129 MW includes supply, installation and commissioning of the turbines as well as a 15-year full-scope AOM 5000 service and maintenance agreement.

      The Eneco Luchterduinen offshore wind farm will be located 23 kilometres off the coast between the cities of Zandvoort and Noordwijk. The construction of the project will begin in summer 2014 and will be completed in 2015. When completed, Eneco Luchterduinen will generate green electricity for almost 150,000 households.

      The announcement confirms that the partnership behind the Eneco Luchterduinen project consisting of Eneco and Mitsubishi Corporation is moving ahead fast with its plans to build a secure, affordable and sustainable future energy supply for the Netherlands.

      Uffe Vinther-Schou, Senior Vice President at Vestas Offshore says the order also underlines the long-standing and successful collaboration between Vestas and Eneco:

      “Eneco was among the first customers to acknowledge the documented reliability and strong business case of the new V112-3.0 MW turbine for offshore deployment. A turbine that since its introduction in 2010 has become a bestseller for Vestas with firm orders for both off- and onshore versions now totalling more than 4,500 MW,”  Vinther-Schou states.

      Adding to the competitive business case for the V112-3.0 MW for offshore, the turbines for the Eneco Luchterduinen project will utilise Vestas’ innovative pre-assembly concept: At Vestas’ pre-assembly facility at the port of Esbjerg, Denmark, the 43 turbines will be pre-assembled and pre-commissioned onshore before being shipped directly to the Eneco Luchterduinen offshore wind farm. This marshalling concept significantly lowers the cost of offshore wind energy because it reduces unnecessary transport of turbine components overland and avoids commissioning hours whilst at sea.

      With the order for the Eneco Luchterduinen project, Eneco is teaming up with Vestas for the second time: The Prinses Amalia offshore wind farm, inaugurated in 2008, consists of 60 V80-2.0 MW turbines, providing power for 125,000 households. Earlier this year, in April, Eneco and Vestas signed a 10-year extension of the service contract for the Prinses Amalia wind farm with Vestas’ latest service option, the AOM 5000.

       

      Contact details

      For more information, please contact:

      Vestas Wind Systems A/S
      Jens Velling
      Press officer, Media Relations
      Tel. +45 2256 7437 / email: jensv@vestas.com

      Eneco Luchterduinen
      Marcel van Dun
      Press officer, Media Relations
      Tel. +31 (0)6 5569 7076 / Email: marcel.vandun@eneco.com

      About Eneco Luchterduinen

      The Eneco Luchterduinen offshore wind farm is a vital part of the Long-Term Partnership Agreement recently agreed between Eneco and Mitsubishi Corporation.

      Both companies own a 50 per cent stake in the Eneco Luchterduinen wind farm and intend to further co-develop offshore wind energy activities in Europe.

      The Eneco Luchterduinen offshore wind farm will be located 23 kilometres off the coast between the cities of Zandvoort and Noordwijk.

      Construction of the project will begin in July 2014 and will be completed after the summer of 2015. When completed, Eneco Luchterduinen will generate green electricity for almost 150,000 households.

      Visit the website: www.enecoluchterduinen.nl (Dutch).

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas has been a pioneer within offshore wind since the birth of the industry and has, as per 30 June 2013, installed 581 offshore turbines equalling 1,409 MW.

      With the announcement of the order placed by Eneco and Mitsubishi Corporation for the Eneco Luchterduinen project, the accumulated sales of the V112 platform for offshore add up to a total of 612 MW, based on these projects:

      Eneco Luchterduinen: 129 MW
      Northwind: 216 MW
      Humber Gateway: 219 MW
      Kaarehamn: 48 MW

      We invite you to learn more about Vestas by visiting our website at www.vestas.com

      Vestas receives 129 MW order for Dutch offshore wind project

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      15:10 - 27 Sep 2013

      Vestas receives 129 MW offshore order in the Netherlands

      Vestas has received a 129 MW firm and unconditional order for 43 V112-3.0 MW offshore turbines for the Netherlands.

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      Vestas has received a 129 MW firm and unconditional order for 43 V112-3.0 MW offshore turbines for the Netherlands.

      Additional information about the project:

      Customer: Eneco
      Project name: Eneco Luchterduinen offshore wind power plant
      Location/Country: The Netherlands
      Number of MW: 129 MW
      Number of turbines/turbine type 43 x V112-3.0 MW offshore turbines
      Contract type: Supply-and-installation
      Contract scope: The order includes supply, installation and commissioning of the wind turbines as well as a 15-year full-scope AOM 5000 service and maintenance agreement.
      Time of delivery Construction of the project will begin mid 2014 with commissioning scheduled for 2015.

      Total year-to-date announced order intake in MW: 3,485 MW.

      Contact details:

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Jens Velling, Press officer, Media Relations, Global MarCom & Corporate Relations
      Tel.: +45 2256 7437

      A news release from Vestas Offshore regarding the above-mentioned order will also be published on vestas.com under “News”.

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      07:55 - 27 Sep 2013

      Vestas and Mitsubishi Heavy Industries form a joint venture dedicated to offshore wind energy

      Vestas and Mitsubishi Heavy Industries form a joint venture dedicated to offshore wind energy.

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      Vestas and Mitsubishi Heavy Industries form a joint venture dedicated to offshore wind energy

      Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries Ltd. (MHI) have agreed to form a joint venture (JV) dedicated to offshore wind energy (ref. company announcement No. 33/2012 of 27 August 2012).

      The JV will combine Vestas’ and MHI’s current capabilities within offshore wind turbines. Vestas will transfer the development of the V164-8.0 MW, the V112 offshore order book, existing offshore service contracts and approx 300 employees to the JV. MHI will inject EUR 100m in cash into the JV and will inject another EUR 200m based on certain milestone achievements reflecting the natural early product life cycle of the V164 turbine. As part of the JV it has been agreed between the parties that Vestas is contracted by the JV to finalise the planned development of the V164-8.0 MW on behalf of the JV. In addition, Vestas and MHI will provide various services to the JV. The JV will start its business with the current V112 offshore and the V164-8.0 MW turbines. At a later stage, the JV will explore the possibilities of integrating the MHI hydraulic DDT technology into the 8 MW platform which would make the JV positioned to offer a product line-up variety that best suits customer demands.

      Leveraging on the respective strengths of each organisation, the JV will be well-positioned to win an expanding share of the offshore wind turbine market and become a global leader in this attractive and high-growth market; with Vestas’ comprehensive technological capabilities and long-standing track record within the overall wind power market, and the offshore wind segment specifically, and MHI’s strong and long-standing presence in global power markets and related technologies, the JV will benefit from significant synergies.

      The head office of the JV will be located in Aarhus, Denmark, from where the company will handle all aspects from design, further development, procurement and manufacturing related to the V164-8.0 MW turbine as well as all marketing, sales and after-sales service related to offshore wind. Vestas will continue to manufacture and supply the V112 turbines which the JV will offer for offshore projects.

      Masafumi Wani will become Chairman of the Board of Directors (Executive Senior Vice President and Head of Power Systems of MHI), Anders Runevad Vice Chairman (Group President & CEO of Vestas) and Jens Tommerup CEO of the JV (currently President of Vestas Asia Pacific & China). Equity ownership ratios will be 50 per cent for each of MHI and Vestas with an option for MHI to change the ownership ratio to 51 per cent for MHI and 49 per cent for Vestas in April 2016.

      The transaction is subject to customary closing conditions including approval from relevant competition authorities in Europe and Asia and closing is expected to take place around the end of March 2014.

      From a financial perspective, the establishment of the JV will not have any impact on Vestas’ annual accounts for 2013 and is only expected to have a marginal impact on Vestas’ 2014 revenues and earnings due to the deconsolidation of the offshore wind division. An expected gain on the JV transaction of around EUR 40m will be booked as a special item at closing. Any capex related to the development of the V164-8.0 MW turbine after 1 September 2013 will be reimbursed to Vestas by the JV following closing.

      At the time of closing, Vestas expects the following balance sheet impacts:

      • a decrease in development projects in progress of approx EUR 270m as the V164 project is transferred to the JV,
      • an increase in investments in associates of approx EUR 200m as the JV will be treated as an associated company in Vestas’ accounts from the time of closing,
      • an increase in cash at bank and in hand of approx EUR 60m as Vestas will be reimbursed for capex conducted from 1 September 2013,
      • an increase of net working capital of approx EUR 50m as a result of the offshore service projects being transferred to the JV and
      • an increase in retained earnings of approx EUR 40m due to the expected gain on the JV transaction.

      The main markets for offshore wind turbines are the North Sea coastal countries, particularly the UK and Germany. In these and all other markets, today, measures are being taken to support the introduction of wind power generation equipment to supersede outdated coal-fired and nuclear plants, and solid growth in this area is expected to continue going forward. The establishment of the JV between MHI and Vestas is the two partners’ joint response to this market’s robust growth potential.

      Vestas and MHI will work closely with the new company and offer their total support to the development of its business operations.

      Goldman Sachs International, Nordea Investment Banking and SEB Corporate Finance acted as joint financial advisers to Vestas.

      Press and analyst meeting

      For analysts, investors and the media, an information meeting will be held today, Friday 27 September at 10.00 a.m. CEST/9.00 a.m. BST at the Bella Sky Comwell Hotel, Center Boulevard 5, Copenhagen S, Denmark. The information meeting may be attended electronically via vestas.com and a replay of the meeting will subsequently also be available from vestas.com.

      About Vestas

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than the closest competitor and more than 50,000 wind turbines equivalent to 57,000 MW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      About MHI

      MHI is one of the world’s leading manufacturers of machinery within power systems, nuclear energy and commercial aviation and aerospace. The company has approx 68,000 employees and consolidated sales of JPY 2,818bn in the fiscal year of 2012. Since delivering Japan’s very first wind turbine for commercial use in 1982, MHI has supplied a total of more than 4,200 units worldwide, having a combined output of almost 4,400 MW. Presently, MHI is undertaking development of a 7 MW wind turbine (known as the “Sea Angel”) adopting the world’s first digitally controlled hydraulic drivetrain. The company is also taking part in a floating wind power plant demonstration and research project being conducted offshore in the Fukushima Prefecture in Japan.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

      Morten Albæk, Group Senior Vice President, Global MarCom & Corporate Relations
      Tel.: +45 2256 7437

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      08:00 - 26 Sep 2013

      Vestas receives 400 MW turbine order for wind-energy projects in Texas, USA

      Vestas lands largest order globally in three years with 200 V110-2.0 MW

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      Vestas lands largest order globally in three years with 200 V110-2.0 MW

      With reference to the Vestas Wind Systems A/S company announcement No. 40 of 26 September 2013, Vestas has received a 400 MW order from Duke Energy Renewables for two wind-energy projects in Texas.

      The projects – Los Vientos III and Los Vientos IV – will include 200 V110-2.0 MW turbines combined that will be installed in southern Texas. Deliveries for Los Vientos III and IV are scheduled to begin in the first half of next year with commissioning expected in 2015 and 2016.

      It is Vestas’ largest turbine order globally since 2010.

      “Continuing our partnership with Duke Energy, one of the largest utilities in the United States, is really important to Vestas,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We won this deal in a very competitive process and thank Duke for its faith in Vestas to deliver high quality services and products such as our new V110-2.0 MW turbine. These turbines will be able to power nearly 120,000 Texas households with clean, reliable electricity for decades. This order also will keep our U.S. factories busy and create jobs for Vestas service technicians who ensure the turbines are producing the maximum amount of power.”

      The V110-2.0 MW turbine is a variant of the V100-1.8 MW that can provide over 13 per cent higher annual energy production compared with its predecessor.

      Vestas’ factories in Colorado will manufacture blades, nacelles and towers for these projects. Once Los Vientos IV is finished, it will be the 10th major wind-energy project in Texas to use Vestas turbines.

      “We’re pleased to again be working with Vestas on projects that will bring affordable, renewable energy to Texas,” said Duke Energy Renewables President Greg Wolf. “It’s a good partnership, first forged in 2009 when Vestas supplied 55 turbines for our Notrees Windpower Project in west Texas. We’re confident that Los Vientos III and IV will deliver excellent performance and reliably serve customers in south Texas for years to come.”

      The projects include three-year service agreements featuring the Active Output Management (AOM) 5000 offering. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      Overall, Vestas has secured 870 MW of orders in the United States and Canada in 2013 among four turbine types.

      About Duke Energy Renewables

      Duke Energy Renewables, part of Duke Energy’s Commercial Businesses, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 15 wind farms and 17 solar farms in operation in 12 states, totaling more than 1,700 megawatts in electric-generating capacity. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK.

      About Vestas

      Since 1979, Vestas has supplied about 50,000 wind turbines and over 57 GW in 73 countries – 62 per cent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 2,500 people throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. To learn more, visit www.vestas.com.

      Media contact

      Andrew Longeteig
      Vestas, North America
      Tel.: +1 503 327 7479 / Email: anlon@vestas.com

      Michael Zarin
      Vestas Wind Systems A/S, Denmark
      GMCR, Int. Media Relations
      Tel.: +45 4084 1526 / Email: mizar@vestas.com

      Vestas receives 400 MW turbine order for wind-energy projects in Texas, USA

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      07:55 - 26 Sep 2013

      Vestas receives 400 MW order in the USA

      Vestas has received a 400 MW firm and unconditional order in the USA consisting of 200 V110-2.0 MW turbines.

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      Vestas has received a 400 MW firm and unconditional order in the USA consisting of 200 V110-2.0 MW turbines

      Additional information about the order:

      Customer: Duke Energy Renewables, USA
      Project name: Los Vientos III and Los Vientos IV
      Location/Country: Texas, USA
      Number of MW: 400 MW
      Number of turbines/turbine type 200 V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes three-year full-scope service agreements (AOM 5000).
      Time of delivery Deliveries for Los Vientos III and IV are scheduled to begin in the first half of 2014 with commissioning expected in 2015 and 2016.

      Total year-to-date announced order intake in MW: 3,356 MW, (see vestas.com/investor).

      Contact details:

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Head of External Communications, North America
      Global MarCom & Corporate Relations
      Tel: +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “News”.

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      08:50 - 23 Sep 2013

      Vestas receives fifteenth order from EOLE-RES for 20 MW in France

      EOLE-RES has signed an agreement to construct a wind power plant using 10 V100-2.0 MW turbines.

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      EOLE-RES has signed an agreement to construct a wind power plant using 10 V100-2.0 MW turbines.

      EOLE-RES has signed an agreement to construct a wind power plant using 10 V100-2.0 MW turbines. This will be the customer’s fifteenth wind power plant with Vestas turbines, and turbine installation will commence in the first quarter of 2014.

      The Haut Chemin wind power plant will be installed in the Haute Marne department, in the northern region of Champagne Ardenne in France.

      The contract includes delivery, installation and commissioning of the wind power plant, including a fifteen-year service and availability agreement. The wind turbines for the Haut Chemin wind power plant are scheduled to be delivered in the first quarter of 2014, with commissioning expected by the second quarter of 2014.

      EOLE-RES is a subsidiary of RES Méditerranée, which develops, builds and operates renewable energy plants in the Mediterranean region and in the Middle East.

      “Since 1999, we have been actively operating in the renewable sector, having a total capacity of 500 MW of renewable energy installed or currently under construction in France, half of which with Vestas turbines,” comments Matthieu Guérard, Managing Director of EOLE-RES who continues,

      “We have been partnering with Vestas since 2002 and for our new wind power plant we once again chose Vestas as its offer met our requirements in terms of solid technology, cost of energy and past partnership and business experiences.”

      Nicolas Wolff, General Manager, Vestas France, states: “Having always firmly believed in France’s wind energy potential, it is rewarding to see that our experience and the long-lasting partnerships we have been building are paying off. Today, we reaffirm our support to EOLE-RES and their commitment to renewables, as well as to the Champagne-Ardenne region and its regional scheme objective of 2,870 MW by 2020.”

      “Vestas’ latest turbine enhancements ensure maximum energy production at low and medium onshore sites, strengthening the business case for investment and reducing the cost of energy,” says Nicolas Wolff.

      The clean, green energy provided by the Haut Chemin wind power plant will provide enough electricity to cover the residential electricity consumption of almost 22,000 people in France.

      About Vestas

      With over 57 GW of installed capacity worldwide and 62 per cent more capacity installed than its closest competitor, Vestas is the global leader in wind energy. Since 1979, Vestas has supplied almost 50,000 wind turbines in 73 countries. Vestas provides jobs for more than 17,000 people at its service and project sites, research facilities, factories and offices all over the world.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      About Vestas in France

      As of 30 June 2013, Vestas has delivered to the French market a total of 1,628 MW. Vestas has sales offices in Paris and Montpellier and a network of eight service centres throughout the country to ensure the highest availability and power production of the wind power plants. Today, Vestas France employs more than 250 people.

      About EOLE-RES

      EOLE-RES has specialised in the development, financing, construction and operation of renewable energy plants in the French market for over 15 years, and is responsible for 500 MW of renewable energy either installed or currently under construction in France. The company is a subsidiary of the British Group RES, one of the world's leading renewable energy developers with over 7,500 MW installed capacity worldwide. The Group also benefits from an offshore expertise as it has successfully applied its skills and experience to help deliver over 500 MW of consented offshore capacity in the UK.

      To learn more about EOLE-RES, please see their website at www.eoleres.com.

      Contact details

      For media inquiries, please contact
      Velia Senatore
      Communications Partner, External Relations
      Tel.: +39 099 460 6415
      veise@vestas.com

      Vestas receives fifteenth order from EOLE-RES for 20 MW in France

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      08:35 - 20 Sep 2013

      Vestas wins 60-MW order with potential for up to 610 MW in the USA

      Vestas wins 60-MW order with potential for up to 610 MW in the USA

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      Vestas wins 60-MW order with potential for up to 610 MW in the USA

      With reference to the Vestas Wind Systems A/S company announcement No. 39/2013 of 20 September 2013, Vestas has received an order for wind turbine equipment corresponding to 60 MW from affiliates of Renewable Energy Systems Americas Inc. (RES Americas) to be used for wind-energy projects in the USA. Vestas could ultimately supply RES Americas up to 610 MW overall.

      Each project will use the V100-2.0 MW turbine. Deliveries and commissioning for the projects are expected to occur in 2014 and 2015. The new projects’ names and specific locations are not available for disclosure at this time.

      “Transactions like this underscore the value delivered by the Production Tax Credit and the importance of extending it beyond its current expiration at the end of 2013,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Our U.S. manufacturing facilities will produce blades, nacelles and towers for these projects which will help keep our factory workers busy. Vestas has a strong partnership with RES Americas and we appreciate their confidence in our products and services.”
      The projects will feature Vestas’ Active Output Management (AOM) 4000 maintenance program which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as predict potential maintenance issues. This allows Vestas to plan maintenance so the turbines are operational for the maximum amount of time.

      “We are very pleased to have finalized this agreement with Vestas,” said Susan Reilly, President and CEO of RES Americas. “This is a great example of how the ‘start-of-construction’ language in the current production tax credit for wind energy is generating increased spending and creating U.S. manufacturing jobs. This purchase, which we expect to increase as these projects move forward, would not have occurred but for the decision Congress made to qualify any project that starts this year.”

      Vestas previously worked with RES to supply 139 V90-1.8 MW turbines for the Cedar Point wind-energy project near Limon, Colo. The project became operational in 2011 and was the first commercial-scale wind power plant in the state to use Vestas turbines made in Colorado. In the past year, it has achieved over 98 percent availability.

      RES Americas, based in Broomfield, Colo., has been active in North America since 1997. RES Americas has a renewable energy construction portfolio that exceeds 6,500 MW and includes 534 miles of overhead and transmission lines. Its parent company RES Ltd., is headquartered in the U.K. and was founded in 1982. The RES Group of companies has constructed more than 100 wind projects with a total capacity of more than 8,000 MW around the world.

      About Vestas

      Since 1979, Vestas has supplied about 50,000 wind turbines and over 57 GW in 73 countries – 62 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Vestas employs about 2,500 people throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. To learn more, visit www.vestas.com.

      Media contact

      Andrew Longeteig
      Vestas, North America
      Tel.: +1 503 327 7479 / Email: anlon@vestas.com 

      Michael Zarin
      Vestas Wind Systems A/S, Denmark
      GMCR, Int. Media Relations
      Tel.: +45 4084 1526 / Email: mizar@vestas.com

      Vestas wins 60-MW order with potential for up to 610 MW in the USA

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      08:30 - 20 Sep 2013

      Vestas receives 60 MW order in the USA as part of turbine supply agreements with a potential of up to 610 MW

      Vestas receives 60 MW order in the USA as part of turbine supply agreements with a potential of up to 610 MW

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      Vestas receives 60 MW order in the USA as part of turbine supply agreements with a potential of up to 610 MW

      Vestas has received a firm and unconditional order in the USA for wind turbine equipment corresponding to 60 MW to secure PTC beyond 2013. This is part of turbine supply agreements with a potential of up to 610 MW. The order has been received from Renewable Energy Systems Americas Inc. (ref. company announcement No. 33/2013 of 2 August 2013).

      Additional information about the project:

      Customer: Renewable Energy Systems Americas Inc. (RES Americas)
      Project name: N/A
      Location/Country: USA
      Number of MW: Wind turbine equipment corresponding to 60 MW as part of turbine supply agreements with a potential of up to 610 MW.
      Number of turbines/turbine type Wind turbine equipment for V100-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes delivery of wind turbine equipment together with an Active Output Management (AOM) 4000 service agreement.
      Time of delivery Delivery of the wind turbine equipment and commissioning of the projects are expected to occur in 2014 and 2015.

      Total year-to-date announced order intake in MW: 2,936 MW, (see vestas.com/investor).

      Contact details:

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President, Vestas-American Wind Technology
      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Head of External Communications, North America
      Global MarCom & Corporate Relations
      Tel: +1 503 327 7479

      A news release from Vestas-American Wind Technology regarding the above-mentioned order will also be published on vestas.com under “News”.

      Download pdf

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      15:15 - 16 Sep 2013

      Vestas appoints new President for Vestas Mediterranean

      Marco Graziano has been appointed new Group Senior Vice President of Vestas and President of Vestas Mediterranean. Graziano who in recent years has worked as Senior Vice President South-East Asia Pacific at Alstom, enters into the new position on 15 October.

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      Marco Graziano has been appointed new Group Senior Vice President of Vestas and President of Vestas Mediterranean. Graziano who in recent years has worked as Senior Vice President South-East Asia Pacific at Alstom, enters into the new position on 15 October.

      Marco Graziano, 56, is an Italian national with extensive international background and decades of experience in the power generation and transmission distribution industry, where he held various management positions in Europe, the USA, Asia and the Middle East. He has most recently served as Senior Vice President at Alstom, a global company within power generation, power transmission and rail infrastructure, where he has been leading the group’s activities in the Asia-Pacific region.

      Graziano succeeds Juan Araluce, former President of Vestas Mediterranean, who has been serving as Chief Sales Officer of Vestas Wind System A/S since January 2012.

      “I am pleased to announce the appointment of Marco Graziano as the new President of Vestas Mediterranean. Based on his experience, commitment and extensive accomplishments in the power generation and transmission distribution industry, as well as international fit, he is well qualified to build on Vestas Mediterranean achievements and we look forward to the many contributions he will make to the region and to our company ,” comments Juan Araluce, Chief Sales Officer, Vestas Wind System A/S.

      “I am excited about this opportunity and look forward to working in the diverse Vestas Mediterranean markets. In my new role, my focus will be on continuing unlocking the region’s business potential by working with the many dedicated and talented Vestas employees, whom I look forward to meeting in the coming weeks and with whom I am willing to go the extra mile for all our stakeholders,” Graziano said.

      “Through my broad international business background I am well aware of what is needed to succeed in a competitive market and that is the right mixture of customer proximity, technological know-how, expertise, track record and committed people. Vestas has all of those assets and I look forward to joining the company and further build on its leadership position,” Graziano concluded.

      Media Contact

      Velia Senatore
      External Communications Partner, Vestas Mediterranean
      veise@vestas.com 
      Tel. +39 331 65 68 406

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      www.twitter.com/vestas 
      www.linkedin.com/company/vestas 
      www.facebook.com/vestas

      Close article
      09:40 - 13 Sep 2013

      Vestas secures 80 MW from an MSA with potential for up to 750 MW in the USA

      Vestas secures 80 MW from an MSA with potential for up to 750 MW in the USA

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      Vestas secures 80 MW from an MSA with potential for up to 750 MW in the USA

      With reference to the Vestas Wind Systems A/S company announcement No. 38/2013 of 13 September 2013, Vestas has secured an 80-MW order out of a master supply agreement with EDF Renewable Energy for multiple wind-energy projects in the USA. Vestas could ultimately supply EDF Renewable Energy up to 750 MW overall.

      Deliveries and commissioning for the projects, which will use the V100-2.0 MW turbine, are expected to occur in 2014 and 2015. The new projects’ names and specific locations are not available for disclosure at this time.

      “We’re happy to build on our strong relationship with a leading global developer like EDF EN,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We look forward to working with them to complete these projects that will provide clean and affordable electricity to U.S. households.”

      Vestas’ factories in Colorado will be involved in manufacturing blades, nacelles and towers for these projects.

      Earlier this year, Vestas secured a contract with EDF EN Canada, along with Enbridge, to deliver 166 V100-1.8 MW turbines for the Blackspring Ridge Wind Project in Alberta, Canada.

      “This agreement builds on the long-standing relationship between our two companies in Europe as well as recent collaboration in North America through the Blackspring Ridge project in Alberta,” commented Ryan Pfaff, Executive Vice President of EDF Renewable Energy. “With the MSA in place, EDF Renewable Energy is well positioned to progress key U.S. wind projects that will support near-term domestic manufacturing and construction jobs, and provide competitively priced, clean energy for our nation’s long-term energy security.”

      Each project will feature a multi-year Active Output Management (AOM) 5000 service agreement for up to six years. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      About Vestas

      Since 1979, Vestas has supplied about 50,000 wind turbines and over 57 GW in 73 countries — 62 per cent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,396 turbines to the United States and 1,419 to Canada. Combined, Vestas’ installed capacity is 13,387 MW in 28 U.S. states and every Canadian province — enough to power about four million households. Vestas employs about 2,500 people throughout the United States and Canada at four manufacturing facilities in Colorado, service and construction sites, and sales offices. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. To learn more, visit www.vestas.com.

      Media contact

      Andrew Longeteig
      Vestas, North America
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com 

      Michael Zarin
      Vestas Wind Systems A/S, Denmark
      GMCR, Int. Media Relations
      Tel.: +45 4084 1526/Email: mizar@vestas.com

      Vestas secures 80 MW from an MSA with potential for up to 750 MW in the USA

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      09:35 - 13 Sep 2013

      Vestas receives 80 MW order together with master supply agreement for a potential of up to 750 MW in the USA

      Vestas receives 80 MW order together with master supply agreement for a potential of up to 750 MW in the USA.

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      Vestas receives 80 MW order together with master supply agreement for a potential of up to 750 MW in the USA

      Vestas has received a firm and unconditional order for 80 MW in the USA. The order has been received from EDF Renewable Energy together with a master supply agreement for a potential of up to 750 MW in the USA (ref. company announcement No. 29/2011 of 30 June 2011).

      Additional information about the project:

      Customer: EDF Renewable Energy
      Project name: At the customer’s request, details concerning the project are undisclosed
      Location/Country: USA
      Number of MW: 80 MW + a master supply agreement for a potential of up to 750 MW in the USA
      Number of turbines/turbine type V100-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes delivery of the wind turbines together with an Active Output Management (AOM) 5000 service agreement for up to six years.
      Time of delivery Delivery is expected to take place in 2014 and 2015.

      Total year-to-date announced order intake in MW: 2,876 MW, (see vestas.com/investor).

      Contact details:

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

      Vestas Americas, USA
      Chris Brown, President

      For more information, or to arrange an interview with Chris Brown, please contact:

      Andrew Longeteig, Head of External Communications, North America
      Global MarCom & Corporate Relations
      Tel: +1 503 327 7479

      A news release from Vestas Americas regarding the above-mentioned order will also be published on vestas.com under “News”.

      Download pdf

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      14:15 - 12 Sep 2013

      Vestas continues to deliver solutions to very low wind speed sites in China

      HECIC places order for 24 V100-2.0 MW turbines to be installed in Hebei province

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      HECIC places order for 24 V100-2.0 MW turbines to be installed in Hebei province

      HECIC places order for 24 V100-2.0 MW turbines to be installed in Hebei province

      Vestas has received an order totalling 48 MW, consisting of 24 units of the V100-2.0 MW turbine model, from Hebei Construction and Investment Group (HECIC), the leading infrastructure construction corporations in Hebei province. This order is the third Chinese order year-to-date for the V100-2.0 MW low-wind turbine.

      The turbines will be installed in Changli Datan, Hebei province. The average wind speed on the site is as low as 6 metres per second, among the lowest wind speed sites in China for which Vestas has ever provided solutions.

      With this project, Vestas takes another step into the low-wind regime in China. President of Vestas Asia Pacific & China Jens Tommerup notes, “It is important for Vestas to become a strong player in the low wind speed segment. With lower wind speeds, reliability and productivity of the turbines are ever more important. I am very pleased to see our customers’ continuous recognition of our offerings within the low wind regime.”

      The order comprises turbine supply and delivery, installation supervision, VestasOnline® Business SCADA solution and a standard two-year service agreement. The order does not include towers. Delivery of the first wind turbine is expected to start in the first quarter of 2014.

      The development of wind sites in China is gradually moving towards sites with low wind speeds due to the increasing scarcity of medium-to-high wind speed sites and the severe curtailment of the produced electricity. According to statistics from Chinese Wind Energy Association, 80 per cent of the newly installed capacity in 2012 was installed on sites with low or very low average wind speeds.

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas is firmly rooted in China with a history which dates back to 1986, where Vestas installed China’s first wind turbines in the Shandong province. Today, more than RMB 3.5 billion have been invested in China and approximately 2,300 passionate employees are working on delivering clean energy solutions to a rapidly developing China every day.

      Vestas has its largest integrated manufacturing complex globally situated in Tianjin and its China headquarters in Beijing. As of 30 June 2013, Vestas has installed more than 4,000 MW of clean energy across fourteen provinces in China. This makes Vestas one of the biggest accumulated suppliers of wind power plants in China.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Contact details

      For more information, please contact:
      William Lim
      Communications Partner, Vestas Asia Pacific & China
      Tel: +86 10 5923 2022
      Mail: wilin@vestas.com

      Vestas continues to deliver solutions to very low wind speed sites in China

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      11:45 - 12 Sep 2013

      Vestas wins 42 MW order for one of the largest citizen-owned wind power plants in Germany

      Bordelum III GmbH & Co. KG orders 14 V112-3.0 MW turbines for Schleswig-Holstein

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      Bordelum III GmbH & Co. KG orders 14 V112-3.0 MW turbines for Schleswig-Holstein

      Bordelum III GmbH & Co. KG orders 14 V112-3.0 MW turbines for Schleswig-Holstein

      Vestas is pleased to announce a firm and unconditional order for 42 MW from Bordelum III GmbH & Co. KG for their citizen-owned wind power plant in northern Germany. The turbines will be installed in Bordelum at the west coast of Schleswig-Holstein. Turbine delivery is planned to start in the fourth quarter of 2013 and commissioning is expected to start in the first half of 2014.

      The contract comprises supply, installation and commissioning of 14 V112-3.0 MW wind turbines, along with a VestasOnline® Business SCADA solution as well as a 15-year full-scope service agreement (AOM 4000).

      “This project allows the citizens in the local community to directly support the change in the energy mix towards renewables. It is thus the active and self-designed implementation of the desired energy revolution in Germany that becomes reality just in front of our homes. This can currently be achieved with Vestas V112-3.0 MW turbines. This wind power plant generates additional regional value for our community,” says Harm Truelsen, one of the managing directors of the wind power plant. ”The first wind power plant owned by local residents in our region was built in the mid-90s. The fact that nearly 700 of 2,000 local residents have invested in this project shows the high level of acceptance of renewable energy.”
      The wind power plant totalling 42 MW will produce more than 140 GWh per year, enough green energy to cover the residential electricity consumption of more than 35,000 German four-person-households.

      “It is a pleasure for us to announce a 42 MW order for our successful turbine model V112.3.0 MW – all the more so realising a citizen-owned wind power plant in Schleswig-Holstein in collaboration with our new customer Bordelum III GmbH & Co. KG,” says Thomas Richterich, President of Vestas Central Europe. “Citizen-owned wind power plants are one of the best ways to ensure the particularly high acceptance level among German communities and this is what we see especially in northern Germany. It is highly encouraging to see initiatives like Bordelum III become a reality.”

      Vice President Andreas Eichler, Sales in Vestas Germany states: “Bordelum is one of the largest wind power plants in Germany to be installed by citizens of one community. This is a benchmark project, showing the potential in this type of project and Vestas’ strong position.”
      As of 30 June 2013, Vestas has delivered 654 V112-3.0 MW turbines worldwide representing a total capacity of more than 1.9 GW, and has received more than 4.5 GW of firm orders for this model.

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Contact details

      Christina Buttler
      Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Vestas wins 42 MW order for one of the largest citizen-owned wind power plants in Germany

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      12:40 - 10 Sep 2013

      Most powerful blade in wind industry finished

      Vestas has produced the first prototype 80 meter blade for the V164-8.0 MW - the world’s most powerful offshore wind turbine - at the R&D centre on the Isle of Wight, UK. The blade will now undergo an extensive testing regime to ensure total reliability.

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      Vestas has produced the first prototype 80 meter blade for the V164-8.0 MW - the world’s most powerful offshore wind turbine - at the R&D centre on the Isle of Wight, UK. The blade will now undergo an extensive testing regime to ensure total reliability.

      The 80 meter blade is the longest ever produced by Vestas and uses the structural shell design, a proven concept in which the loads of the blade are carried in the shell, rather than using a spar at the centre of the blade.

      The length of the blade is the equivalent of nine double decker London buses and the swept area of the rotor will be 21,124m2, larger than the London Eye.

      Reliability critical offshore

      In order to validate the strength and reliability of the blade it will be tested to its limits for six months, reproducing the challenging wind conditions of the North Sea over a simulated 25 year lifetime.

      Chief Technology Officer Anders Vedel explains the tests will provide certainty to customers looking to make large investments in offshore wind.

      “Test and verification of the blade is a critical stage of the development of the V164-8.0 MW,” he says. “Moving as much of the verification process as possible into our state of the art test centre ensures the blade, the bearing and other components perform to the high standards our customers expect.”

      The V164-8.0 MW prototype will be installed in the first quarter of 2014 at the Danish national testing centre in Østerild.

      For more information, please contact:

      Matt Whitby
      Press & Communication Officer, Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com 

      Download V164 prototype blade photos in high resolution:

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ almost 50,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Close article
      08:25 - 05 Sep 2013

      Vestas signs orders totalling 100 MW in China

      Hanas New Energy places two more orders with Vestas within a month

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      Hanas New Energy places two more orders with Vestas within a month

      Vestas has received two orders totalling 100 MW from Ningxia-based Hanas New Energy (Hanas), the leading regional natural gas supplier in China’s Ningxia Hui Autonomous Region (NHAR). Less than a month ago, Hanas ordered 50 MW from Vestas, which brought Hanas’ portfolio of Vestas turbines up to 250 MW. With today’s two additional orders, Hanas’ portfolio of Vestas turbines amounts to 350 MW and Vestas remains the sole supplier.

      The two orders consist of 50 units of the new V100-2.0 MW turbine model which is built on the well-known 2 MW platform which, with its large rotor diameter, is designed and optimised for low wind sites. The turbines will be installed in the Yanchi wind farm.

      The orders comprise turbine supply and delivery, a VestasOnline® Business SCADA solution and a standard two-year service agreement. The order does not include towers. Delivery of the first wind turbine is expected to start in the second quarter of 2014.

      On the fruitful partnership with Hanas, President of Vestas Asia Pacific & China Jens Tommerup notes, “It is truly delightful to develop our business with a customer who has the same priorities and views of a successful wind project as we do. With high demands for performance and with the aspiration of building a strong and healthy business, Hanas’ priorities resemble those of Vestas for the Chinese market, where we are seeking to build partnerships that contribute to a healthy business for Vestas.”
      Towards 2015, Hanas New Energy intends to build up a total wind energy capacity of one GW in the windy autonomous region of Ningxia in north western China.

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ around 49,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and 57 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas is firmly rooted in China with a history which dates back to 1986, where Vestas installed China’s first wind turbines in the Shandong province. Today, more than RMB 3.5 billion have been invested in China and approximately 2,300 passionate employees are working on delivering clean energy solutions to a rapidly developing China every day.

      Vestas has its largest integrated manufacturing complex globally situated in Tianjin and its China headquarters in Beijing. As of 30 June 2013, Vestas has installed more than 4,000 MW of clean energy across fourteen provinces in China. This makes Vestas one of the biggest accumulated suppliers of wind power plants in China.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Contact details

      For more information, please contact:
      William Lim
      Communications Partner, Vestas Asia Pacific & China
      Tel: +86 10 5923 2022
      Mail: wilin@vestas.com

      Vestas signs orders totalling 100 MW in China

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      12:05 - 03 Sep 2013

      Vestas receives 52 MW order for first V112-3.3 MW turbines in Turkey

      Vestas to deliver 16 V112-3.3 turbines in Turkey

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      Vestas to deliver 16 V112-3.3 turbines in Turkey

      Erciyas Çelik Boru A.Ş, one of the leading manufacturers and top exporters of spiral-welded steel pipes in Turkey, has signed an agreement to construct a wind power plant using 16 V112-3.3 MW wind turbines. The customer’s very first wind power plant will be ready for turbine installation in the first quarter of 2014.

      The 52 MW Kavakli RES wind power plant will be installed in the southern province of Balikesir in Turkey. The contract includes delivery, installation and commissioning of the wind power plant, including a five-year AOM4000 full scope availability agreement.

      The wind turbines for the Kavakli RES wind farm are scheduled to be delivered in the first quarter of 2014, with commissioning expected by the second quarter of 2014.

      “The Kavakli RES wind power plant is an exciting first for us and we are thrilled to start this adventure with Vestas’ support and knowledge,” comments Emre Erciyas, Vice Chairman of the Board of Directors of Erciyas Çelik Boru A.Ş, who concludes: ”Vestas’ V112-3.3 MW was able to outperform our expectations and therefore we are proud to announce the very first wind power plant in the country with one of Vestas’ newest products.”

      Juan Araluce, Executive Vice President, CSO, Vestas Wind Systems A/S, comments: “Being chosen as turbine supplier and service provider from a new entrant in the sector is a reward for our commitment to wind power development. Moreover, it proves the trust that our products and services have earned during the last thirty years enabling Vestas to secure the customers the best cost of energy as well as good and stable performance throughout the turbines’ lifetime. As the leading wind turbine manufacturer in Turkey, we look forward to new exciting wind projects.”

      Olcayto Yigit, General Manager, Vestas Turkey, states: “We are glad to have the opportunity to support Erciyas Çelik Boru A.Ş in their first wind power investment in the country. We welcome their interest and commitment to wind energy that will support Turkey in reaching its ambitious target for renewable energy sources. We are fully confident that our recently launched V112-3.3 MW turbine will allow our customers to harvest wind in a very profitable way.”
      The Kavakli RES wind power plant will have an estimated annual production of about 193,000 MWh per year, which will save the environment from over 95,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 390,000 people in Turkey.

      About Vestas in Turkey

      Vestas has been operating in Turkey since 1984 when it installed its first turbine. Since then, Vestas has delivered 640 MW of wind power capacity to the region. In January 2008, Vestas established an office in Istanbul and during the years it also opened three warehouse and service locations in the country. Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and contributing to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      About Erciyas Çelik Boru A.Ş

      Erciyas is one of the leading manufacturers and top exporters of spiral-welded steel pipes in Turkey. Today, the company manufactures 450,000 tons of oil, gas, drinking water and pilling pipes. Through its innovative production Erciyas is being ranked among the top exporters and manufacturers of Turkey.

      Contact details

      For media inquiries, please contact
      Velia Senatore
      Communications Partner, External Relations
      Tel.: +39 099 460 6415
      veise@vestas.com

      Vestas receives 52 MW order for first V112-3.3 MW turbines in Turkey

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      17:15 - 22 Aug 2013

      Vestas to supply first V110-2.0 MW wind turbines for 400 MW in USA

      As part of a previously announced master supply agreement, Vestas will manufacture and supply its first V110-2.0 MW wind turbines for a combined 400 MW to EDP Renováveis (EDPR) for wind-energy projects in the United States.

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      As part of a previously announced master supply agreement, Vestas will manufacture and supply its first V110-2.0 MW wind turbines for a combined 400 MW to EDP Renováveis (EDPR) for wind-energy projects in the United States.

      These projects are part of the master supply agreement to deliver 1,500 MW to wind power plants in North America, South America and Europe announced April 26, 2010. EDPR selected the V110-2.0 MW because of its competitive cost of energy compared with other options.

      The V110-2.0 MW turbines are expected to be delivered and commissioned in 2014 and 2015. The new projects’ names and specific locations are not available for disclosure at this time.

      “Vestas has successfully worked with EDPR for the past eight years to deliver many wind-power projects around the world,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We look forward to supplying EDPR our new V110-2.0 MW wind turbine, which is a variant of the V100-1.8 MW that can provide over 13 per cent higher annual energy production compared with its predecessor. Our 2-MW platform has a long track record of success and reliability. The V110-2.0 MW will provide clean, reliable and low cost electricity for decades.”

      Vestas’ factories in Colorado will manufacture the blades, towers and nacelles for these projects.

      The projects include five-year service agreements featuring the Active Output Management (AOM) 5000 offering. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. This service option includes the VestasOnline® surveillance system that remotely controls and monitors the turbines and predicts potential wear-and-tear issues. This allows Vestas to plan maintenance so the turbines operate with the minimum amount of lost production.

      Media contact

      Andrew Longeteig
      Vestas, North America
      Tel.: +1 503 327 7479
      Email: anlon@vestas.com 

      About Vestas

      With over 57 GW of installed capacity worldwide and 62 per cent more capacity installed than its closest competitor, Vestas is the global leader in wind energy. Since 1979, Vestas has supplied about 50,000 wind turbines in 73 countries. Vestas provides jobs for more than 17,000 people at its service and project sites, research facilities, factories and offices all over the world. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Ore., and its global headquarters is in Aarhus, Denmark. To learn more, visit www.vestas.com.

      Vestas to supply first V110-2.0 MW wind turbines for 400 MW in USA

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      08:35 - 21 Aug 2013

      Interim financial report, second quarter 2013

      Two-year turnaround continues according to plan. Free cash flow improved by EUR 535m and outlook upgraded to at least EUR 200m. Positive EBIT result despite 26 per cent lower revenue. Anders Runevad appointed as new Group President & CEO.

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      Interim financial report, second quarter 2013

      Summary

      Two-year turnaround continues according to plan. Free cash flow improved by EUR 535m and outlook upgraded to at least EUR 200m. Positive EBIT result despite 26 per cent lower revenue. Anders Runevad appointed as new Group President & CEO.

      In the second quarter of 2013, Vestas generated revenue of EUR 1,185m – a decrease of 26 per cent to the year-earlier period. EBIT before special items decreased by EUR 28m to EUR 12m. The EBIT margin before special items was 1.0 per cent and the free cash flow increased by EUR 535m to EUR 197m.

      The intake of firm and unconditional wind turbine orders was 1,641 MW in the second quarter of 2013. Due to uncertainty surrounding a few customers’ ability to comply with the contractual obligations, Vestas has resolved to lower the order backlog value by EUR 0.4bn. Including this adjustment, the value of the wind turbine backlog amounted to EUR 7.1bn at 30 June 2013. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 5.9bn at the end of June 2013. Thus the value of the combined backlog of wind turbine orders and service agreements stood at EUR 13bn – an improvement of EUR 600m during the quarter.

      Vestas has decided not to sell the tower factory in Pueblo, USA. Consequently, the factory has been reclassified to property, plant and equipment. Vestas’ machining and casting units are still expected to be divested; however, based on ongoing negotiations with potential buyers, the units have been further written down.

      Today, Vestas has appointed Anders Runevad as new Group President & CEO of Vestas Wind Systems A/S as from 1 September 2013.

      Press and analyst information meeting

      For analysts, investors and the media, an information meeting will be held today, Wednesday, 21 August 2013 at 10 a.m. CEST (9 a.m. BST).

      The information meeting can only be attended electronically via vestas.com/investor, and questions may be asked through a conference call. The telephone numbers for the conference call are:

      Europe: +44 208 817 9301
      USA: +1 718 354 1226
      Denmark: +45 7026 5040

      A replay of the information meeting will subsequently be available from vestas.com/investor.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      08:30 - 21 Aug 2013

      Vestas appoints Anders Runevad as Group President & CEO

      Vestas Wind Systems A/S appoints Anders Runevad as new Group President & Chief Executive Officer (CEO). He succeeds Ditlev Engel who will leave the company.

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      Vestas Wind Systems A/S appoints Anders Runevad as new Group President & Chief Executive Officer (CEO). He succeeds Ditlev Engel who will leave the company.

      Ditlev Engel has been with the company since 2005 and has during the past 1½ years focused his efforts on leading Vestas’ extensive restructuring programme.

      Following the recent measures taken, it is now the appropriate time to make this change. The company is now entering a new phase, where we want to realise our growth potential, and I am confident that Mr Runevad has the right experience to lead the company going forward. The restructuring programme has resulted in a more competitive company and we thank Mr Engel for his leadership over the past eight years,” says Chairman of the Board of Directors of Vestas Wind Systems A/S, Bert Nordberg.

      I am delighted to be joining Vestas and look forward to leading the company in its next phase of development. I believe that my career has equipped me with the right tools to take on this task,” says newly appointed Group President & CEO of Vestas Wind Systems A/S, Anders Runevad.

      Mr Runevad brings with him extensive experience from the telecom industry, having worked business-to-business, with complex infrastructure projects in an international environment. Additionally, Mr Runevad has in several senior positions led successful restructuring programmes in large organisations. He also has a proven track record of driving growth. Mr Runevad will assume the position on 1 September 2013. Until then, Ms Marika Fredriksson, currently Executive Vice President & CFO of Vestas Wind Systems A/S, will assume the position as acting Group President & CEO.

      Biography – Anders Runevad

      Mr Runevad is an internationally experienced senior executive with experience of leading global organisations. He has worked in the telecom sector during his entire career, mainly in business-to-business, and has successfully developed and executed on strategies both in growth and mature markets.

      Anders Runevad comes from Swedish Ericsson, where he was President of Region West & Central Europe, and a member of the Ericsson Global executive team. He joined Ericsson in 1985, and his positions include President, Ericsson Singapore (1996-2000), Vice President Sales and Marketing, Ericsson Business unit Networks (2000-2004), President, Ericsson Brazil (2004-2006) and Director of the board and Executive Vice President, Sony Ericsson (2006-2010). Mr Runevad holds a Master of Science in Electrical Engineering, Institute of technology, University of Lund.

      Contact details

      Vestas Wind Systems A/S, Denmark

      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 7201

      Morten Albæk, Group Senior Vice President, Global MarCom & Corporate Relations
      Tel.: +45 2256 7437

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      09:55 - 19 Aug 2013

      Vestas starts up wind industry’s biggest test bench

      The largest and most powerful test bench in the industry has started operation at Vestas’ global testing centre in Aarhus, Denmark. The 20 MW test bench is capable of testing the full nacelle of the V164-8.0 MW, validating the performance, robustness and reliability of the turbine over a simulated 25-year lifetime.

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      The largest and most powerful test bench in the industry has started operation at Vestas’ global testing centre in Aarhus, Denmark. The 20 MW test bench is capable of testing the full nacelle of the V164-8.0 MW, validating the performance, robustness and reliability of the turbine over a simulated 25-year lifetime.

      The test bench is 42 meters long and 9 meters wide. The total weight of the test bench, including the motors, wind simulator and generators is nearly 700 tonnes. Vestas installed fifty meter deep concrete foundations to support the weight. Motors powering the bench produce 20 MW- the equivalent of 26,820 brake horsepower, and the torque exerted on the components of the turbine can be up to a massive 18 meganewton metres.

      The enormous test bench will stress the drivetrain, including the gearbox, main shaft and generator of the V164-8.0 MW - in a controlled environment - reproducing the harsh wind conditions in the North Sea, using a comprehensive and rigorous test regime based on experience and data gathered from over 25,000 turbines.

      Improving testing capabilities

      Chief Technology Officer Anders Vedel explains the testing of the critical components and systems of the V164-8.0 MW is part of Vestas’ product development process to ensure the highest possible industry leading quality and reliability.

      “Vestas has invested in the industry’s most powerful test bench to ensure the turbine will perform in challenging conditions for 25 years. The superior testing expertise we have accumulated over the last decade is a key part of giving confidence to our customers that the machine is of the high quality that they expect from Vestas,” he says.

      During the last two years Vestas has invested in unique testing capabilities covering all the systems and critical components for its V164-8.0 MW turbine. Vestas’ entire existing and future product portfolio will also benefit from these new and unique testing capabilities.

      For more information, please contact:

      Matt Whitby
      Press & Communication Officer, Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com 

      Download article photos in high resolution:

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ around 49,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 56 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com

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      11:55 - 16 Aug 2013

      Vestas receives 21 MW order and consolidates its strong position in Ukraine

      Vestas receives an order for seven 112-3.0 MW turbines from Ukraine

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      Vestas receives an order for seven 112-3.0 MW turbines from Ukraine

      Vestas is pleased to announce a firm and unconditional order for 21 MW from Vindkraft Ukraina LLC for their wind power plants Beregovaya and Stavki in the Kherson region. Vindkraft and Vestas have already commissioned the 9 MW Novorossiske wind power plant in 2011/12.

      The contract comprises supply, installation and commissioning of seven V112-3.0 MW wind turbines, along with a VestasOnline® Business SCADA solution. Delivery is planned to start at the end of the third quarter of 2013 and commissioning is expected to be completed by the fourth quarter of 2013.

      “We are pleased to continue our collaboration with Vestas in Ukraine. We are determined to develop a project portfolio of wind power plants in Kherson to contribute to the overall growth of renewable and green energy production in this country. We partnered with Vestas in 2011 to develop our projects Novorossiske 1 and Novorossiske 2, both equipped with V112-3.0 MW. For our new wind power plants Beregovaya and Stavki we once again choose Vestas because of their leadership in the wind energy business and our belief that they have the necessary technology, experience and reliability to develop a young market like Ukraine,” says Vindkraft’s Managing Director, Carl Sturen.


      “This third order from Vindkraft contributes to strengthening our position currently being one of the market leaders on the Ukrainian market, and it supports our strategy placing a solid footprint on this important emerging market. After having successfully commissioned Novorissiske 1 and Novorissiske 2, it is a pleasure for us to announce another V112-3.0 MW order from Vindkraft,” says Thomas Richterich, President of Vestas Central Europe. “We look forward to working in a close partnership with Vindkraft and continuing to develop the excellent wind resources in Ukraine.”

      “Vindkraft is one of the key players in the wind energy sector in Ukraine. We are pleased that Vindkraft once again demonstrates full confidence in the business case certainty and the quality of technology we offer,” states Mikael Rönholm-Nielsen, Vice President Sales Eastern Europe/Austria, Vestas Central Europe.

      The wind power plants with a total capacity of 21 MW will contribute to Ukraine’s goal of increasing the country’s wind energy capacities. The wind power plants Beregovaya and Stavki will produce more than 70 GWh per year, enough green energy to cover the residential electricity consumption of more than 15,000 Ukrainian households.

      As of 31 December 2012, Vestas has delivered 523 V112-3.0 MW turbines worldwide representing a total capacity of more than 1.5 GW, and has received more than 3 GW of firm orders for this model.  

      About Vestas

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 49,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for around 17,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 62 per cent more megawatts installed than our closest competitor and more than 56 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The headquarters of Vestas Central Europe is located in Hamburg, Germany. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and operation of wind power plants in Germany, Benelux, Austria, Russia, Eastern Europe and Southern and Eastern Africa.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Contact details

      Christina Buttler
      Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      Vestas receives 21 MW order and consolidates its strong position in Ukraine

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      08:35 - 16 Aug 2013

      Vestas receives notification in connection with claim from 87 individual investors

      Vestas receives notification in connection with claim from 87 individual investors.

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      Vestas receives notification in connection with claim from 87 individual investors

      In company announcement No. 34/2013 of 6 August 2013, Vestas Wind Systems A/S (Vestas) disclosed that the company through a law firm acting on behalf of Deminor International SCRL (Deminor) had received a claim for damages. Deminor stated to represent more than 80 investors and estimated the claim to amount to approx DKK 300m (EUR 40m). The claim was directed against Vestas and ten former and present members of the Board of Directors and the Executive Management.

      The law firm in question has now filed a claim for an amount of DKK 80m (approx EUR 11m) on behalf of 87 individual claimants. Consequently, this is not a class action law suit, but 87 individual claims for damages grouped in one claim.

      At present, Vestas is not mentioned as co-defendant, but is suggested to protect its interests during the law suit. The claim is thus now directed against Bent Erik Carlsen, Ditlev Engel and Henrik Nørremark contrary to the claim nine days ago directed against ten individuals.

      The claim is based on the same arguments as those included in the existing class action lawsuit in the USA, ref. company announcement No. 8/2011 of 21 March 2011.

      Vestas has reviewed the claim with its advisors, and the company still believes that the claim is without merit.

      The matters mentioned in the claim were included in a proposal to carry out a scrutiny submitted at the Annual General Meeting in March this year. The proposal, submitted by Deminor, was not supported by the Annual General Meeting as only 1.5 per cent of the total share capital voted for Deminor’s proposal, ref. company announcement No. 9/2013 of 21 March 2013.

      Contact details

      Vestas Wind Systems A/S, Denmark
      Lars Villadsen, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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      09:10 - 15 Aug 2013

      Vestas receives 99 MW order under Enel Green Power’s global supply agreement

      Vestas has received an order from Enel for 33 V112-3.0 MW turbines as a call-off from the 400 MW global supply agreement disclosed in 2010

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      Vestas has received an order from Enel for 33 V112-3.0 MW turbines as a call-off from the 400 MW global supply agreement disclosed in 2010

      Vestas has received a 99 MW order from Enel Green Power (EGP) for delivery of 33 V112-3.0 MW wind turbines. The order comes as a call-off from the global supply agreement of 400 MW with an option for an additional 1,000 MW with EGP, which Vestas disclosed to the market on 9 September 2010 (ref. company announcement No. 34/2010).

      The “Taltal” project will be installed in Taltal, in the Antofagasta region, Chile.

      The contract comprises supply, installation and commissioning of the turbines, a VestasOnline® Business SCADA system, as well as a two-year service and maintenance AOM 4000 agreement (Active Output Management). The AOM 4000 is a full-scope service contract, consisting of scheduled and unscheduled maintenance and consumables, which offers solid risk management for customers, who want an availability guarantee measured against an agreed threshold. This type of contract offers customers assured performance avoiding unforeseen operational costs of any kind.

      Juan Araluce, Executive Vice President, CSO, Vestas Wind Systems A/S, comments: “The order for the Taltal project in Chile is the second one we have signed with EGP within a few months, as part of our global supply agreement signed in 2010. Lately we have been witnessing steady growth and momentum in investments in clean wind energy resources in emerging wind markets. We are glad to support this process with our experience in this important market segment together with our customers.”

      “Partnering with our strategic account EGP in the construction of this new wind power plant in Chile confirms the mutual trust between Vestas and EGP and the strong relationship built over the years,” declares Rainer Karan, General Manager Vestas Italia and EGP Strategic Account Vice President, who continues, “with our 30 years of experience and efficient wind energy solutions we are glad to contribute to our partners’ business case and support their vision of a sustainable wind energy market in South America and globally.”

      About Vestas in Chile and Latin America

      Vestas has been operating in Latin America for the past two decades. In Chile, Vestas established a new sales and operations office in July 2010. In the Latin America region, Vestas also has sales and operations offices in Argentina, Brazil and Mexico.

      As of 31 December 2012, Vestas has delivered to the Latin America region 918 MW; about 14 per cent of this capacity has been allocated to the Chilean market, representing approximately 40 per cent of Chile’s wind installed base.

      We invite you to learn more about Vestas by visiting our website at www.vestas.com.

      Contact details

      For further information please contact:
      Matt Whitby
      Press & Communication Officer, Media & External Relations
      Tel: +45 2250 7131
      Mail: matke@vestas.com

      Vestas receives 99 MW order under Enel Green Power’s global supply agreement

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      10:20 - 13 Aug 2013

      Vestas secures fifth project in three years with leading Chinese regional gas supplier

      Vestas continues its successful cooperation with Hanas New Energy and remains the only supplier to its wind business.

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