Company News

    • 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

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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

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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

       

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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

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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

      Close article
      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


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      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) 

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      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.

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      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

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      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

      Download pdf

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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

       

      Download pdf

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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

      Download pdf

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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

      Download pdf

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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

      Close article
      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

      Download pdf

       

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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.

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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

      Close article
      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”.

      Dowload pdf

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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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      17:15 - 22 Sep 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 - 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.

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      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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      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

      Download pdf

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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

      Download pdf

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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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      Vestas continues its successful cooperation with Hanas New Energy and remains the only supplier to its wind business.

      Vestas continues its successful cooperation with Hanas New Energy and remains the only supplier to its wind business.

      Vestas has received a 50 MW order from Ningxia-based Hanas New Energy, the leading regional natural gas supplier in China’s Ningxia Hui Autonomous Region (NHAR). The order consists of 25 units of the V90-2.0 MW turbine model which is a well-known workhorse for Hanas New Energy and will be installed in Yanchi wind park in NHAR.

      Hanas New Energy has since April 2010 placed orders with a total capacity of 250 MW with Vestas, all using the 2 MW platform, which is a testimony and proof of confidence in the mature and reliable technology platform. 150 MW are already in operation, while 50 MW are currently under construction.

      Vestas was the first partner chosen by Hanas New Energy in their first ventures into wind energy in 2010 and the partnership has steadily developed over the years. President of Vestas Asia Pacific & China Jens Tommerup notes, “The relationship with Hanas New Energy so far has been a very exciting and fruitful journey. Vestas was chosen as their partner three years back because we possessed some unique capabilities that could help maximise the value of their first venture into the wind business. We are proud to have been chosen again.”

      The order comprises turbine supply and delivery, towers, VestasOnline® Business SCADA solution and a standard two-year service agreement. Delivery of the first wind turbine is expected to start in the third quarter of 2013.

      Hanas New Energy has one GW of wind energy in its development pipeline, and Vestas is confident in being able to assist Hanas New Energy in extracting the most value out of the wind resources and thereby add further value to a fruitful partnership.

      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.

      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 secures fifth project in three years with leading Chinese regional gas supplier

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      16:50 - 06 Aug 2013

      Vestas receives notice of potential lawsuit from Deminor

      Vestas receives notice of potential lawsuit from Deminor.

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      Vestas receives notice of potential lawsuit from Deminor

      Today, Vestas Wind Systems A/S (Vestas) has received a collection letter from a Danish law firm acting on behalf of Deminor International SCRL (Deminor).

      Deminor states to represent a group of more than 80 private and institutional investors including Commerzbank International Portfolio Management.

      The claim is estimated to amount to approx DKK 300m (EUR 40m) and is directed against Vestas and the following former and present members of the Board of Directors and the Executive Management: Bent Erik Carlsen, Jørgen Huno Rasmussen, Jørn Ankær Thomsen, Torsten Erik Rasmussen, Håkan Eriksson, Kurt Anker Nielsen, Freddy Frandsen, Ola Rollén, Ditlev Engel and Henrik Nørremark.

      The potential law suit 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.

      If the claim is not accepted within 10 days, Deminor is expected to initiate a lawsuit in Denmark.

      Vestas has reviewed the claim with its legal and other advisors, and the company believes that the claim is without merit and thus the claim will not be accepted.

      Finally, it should be stressed that Deminor’s proposal to carry out a scrutiny of the matters mentioned in the claim, was only supported by 1.5 per cent of the total capital at the Annual General Meeting on 21 March 2013, 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 7201

      Download pdf

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      14:25 - 02 Aug 2013

      Information in the market regarding projects in the USA

      Information in the market regarding projects in the USA.

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      Information in the market regarding projects in the USA

      Today, there is information in the market regarding Vestas being appointed preferred supplier for two projects in the USA.

      Vestas can confirm that negotiations are ongoing. If these negotiations will result in firm and unconditional orders, Vestas will make a company announcement immediately thereafter.

      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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      13:25 - 01 Aug 2013

      Vestas receives 105 MW order in South Africa

      Vestas has received a firm and unconditional order for 35 V112-3.0 MW turbines for three wind power plants in South Africa.

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      Vestas has received a firm and unconditional order for 35 V112-3.0 MW turbines for three wind power plants in South Africa.

      Additional information about the project:

      Customer: Innowind (80 per cent owned by EDF EN)
      Project name: Chaba, Waainek and Grassridge
      Location/Country: Eastern Cape, South Africa
      Number of MW: 105 MW
      Number of turbines/turbine type 35 V112-3.0 MW turbines
      Contract type: Turnkey/EPC
      Contract scope: The contract comprises supply, installation and commissioning of 35 V112-3.0 MW wind turbines, along with a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 10-year full-scope service agreement (AOM 4000).
      Time of delivery Delivery of the turbines for the three wind power plants is planned to start mid-2014 and commissioning is expected to start in the third quarter of 2014.

      Total year-to-date announced order intake in MW: 2,137 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
      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

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

      Download pdf 

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      13:25 - 01 Aug 2013

      Vestas receives largest order ever in South Africa

      Innowind orders 35 V112-3.0 MW turbines for three different wind power plants at the Eastern Cape

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      Innowind orders 35 V112-3.0 MW turbines for three different wind power plants at the Eastern Cape

      With reference to Vestas Wind Systems A/S company announcement No. 32 of 1 August 2013, Vestas is pleased to announce a firm and unconditional order for 105 MW from a consortium led by Innowind, an 80 per cent affiliate of EDF EN for the wind power plants Chaba, Waainek and Grassridge. The co-investors and partners in the projects are the Industrial Development Corporation (IDC) and the local communities.

      All three wind power plants, Chaba (7 x V112.3.0 MW), Waainek (8 x V112-3.0 MW) and Grassridge (20 x V112-3.0 MW) will be installed in the Eastern Cape Province, South Africa. The turbine delivery for all wind projects is planned to start mid-2014 and the commissioning is expected to start in the third quarter of 2014.

      The contract for all three turnkey projects comprises supply, installation and commissioning of 35 V112-3.0 MW wind turbines, along with a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 10-year full-scope service agreement (AOM 4000).

      “We are pleased to continue our more than ten years of collaboration with Vestas in a new country. We have a very strong and long-term commitment to South Africa which has a great potential and framework for wind power development. Based on our long-standing relationship with Vestas we are extremely confident that the projects will be successfully commissioned,” says Jean-Philippe Salomé, Vice President Industry of EDF EN Group.

      “It is a pleasure for us to announce another large order for South Africa and to construct our first wind power project together with Innowind – all the more so in connection with a project company jointly owned by EDF EN Group, which is a long-term and highly-valued Vestas customer. These projects mark another important step in further developing this promising wind market,” says Thomas Richterich, President of Vestas Central Europe. “We are happy to be chosen as the turbine supplier and service provider for these wind power plants and to consolidate our market leadership in South Africa. We look forward to working in a close partnership with Innowind and continuing to contribute to sustainable future growth of wind energy in the country.”
      “Innowind is one of the key players in the wind energy sector in South Africa and forms an elementary part of our continuous efforts to meet our customers’ needs with efficient wind energy solutions. We are happy that Innowind demonstrates full confidence in the quality of our technology and the business case certainty we offer,” states Phylip Leferink, Country Manager/VP Sales, Vestas Southern Africa.

      The wind projects totalling 105 MW will be a key contributor to South Africa’s goal of having 1,800 MW of wind energy capacity by 2015. The three wind power plants Chaba, Waineek and Grassridge will produce more than 375 GWh per year, enough green energy to cover the residential electricity consumption of more than 240,000 South African households. As of 31 December 2012, Vestas hasdelivered 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 IDC

      The Industrial Development Corporation is providing finance for industrial development projects, playing a catalytic role in promoting partnerships across industries and is promoting regional economic growth. IDC is financing the Local Communities that are involved in the Chaba, Waainek and Grassridge wind power plants. All three projects are financed by ABSA and IDC.

      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 largest order ever in South Africa

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      13:30 - 26 Jul 2013

      Vestas takes legal steps against the Indian companies RRB Energy and ECO RRB for approximately EUR 24m*

      In reference to company announcements of 24 May 2013 and 2 October 2012, Vestas has initiated court proceedings in India against the two companies RRB Energy and ECO RRB.

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      In reference to company announcements of 24 May 2013 and 2 October 2012, Vestas has initiated court proceedings in India against the two companies RRB Energy and ECO RRB.

      In reference to company announcements of 24 May 2013 and 2 October 2012, Vestas has initiated court proceedings in India against the two companies RRB Energy and ECO RRB.

      Vestas has filed two lawsuits at the High Court of New Delhi against RRB Energy and ECO RRB to seek recovery of the amounts that RRB Energy and ECO RRB owe Vestas. In addition hereto, Vestas has in June initiated an ICC arbitrational procedure in India against RRB Energy, for payment of old debt, which RRB Energy has refused to pay. The total amount in question is approximately EUR 24m, whereof old unpaid debt accounts for approximately EUR 5m.

      Vestas maintains the position as stated in company announcement of 24 May 2013 that the former Chief Financial Officer Henrik Nørremark will be held personally responsible for the losses that Vestas could incur as a result of his actions if not paid by the Indian companies. This refers only to the cancelled debt and the amount transferred to ECO RRB by Henrik Nørremark amounting to approximately EUR 19m.

      ”As stated on earlier occasions, Vestas is determined to reclaim the money which has been transferred to ECO RRB by instruction of Henrik Nørremark without authorisation as well as the debt which was cancelled by Henrik Nørremark, inter alia, without there being any business-related explanation to it. Vestas would have preferred that repayment could have taken place without legal steps having to be initiated, but unfortunately that has not been possible,” says Group Senior Vice President Morten Albæk.

      *Depending on exchange rate corresponding to actual amounts in Rupees.

      For further information, please contact
      Michael Zarin
      Senior Press Officer, Media Relations
      M: +45 4084 1526
      mizar@vestas.com

      Vestas takes legal steps against the Indian companies RRB Energy and ECO RRB for approximately EUR 24m

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      13:45 - 04 Jul 2013

      Vestas secures service contract renewals for the entire Vestas installed GDF SUEZ fleet in Italy totalling 130 MW

      Vestas has secured 10-year advanced service contract renewals with GDF SUEZ Energia Italia, which heads the Italian-based energy business of the GDF SUEZ Group, for six wind power plants in Italy with a total capacity of 130 MW – comprising 31 units of V90-2.0 MW and 80 units of V52-850 kW wind turbines.

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      Vestas has secured 10-year advanced service contract renewals with GDF SUEZ Energia Italia, which heads the Italian-based energy business of the GDF SUEZ Group, for six wind power plants in Italy with a total capacity of 130 MW – comprising 31 units of V90-2.0 MW and 80 units of V52-850 kW wind turbines.

      The service contract extensions include a 10-year service agreement with Vestas’ Active Output Management (AOM) 5000 service scope, a complete service package to ensure minimised lost production, including everything necessary to maximise output but with further aligned incentives. AOM 5000 offers an energy based availability guarantee that aligns service and maintenance execution with low wind periods.

      Under the agreement, GDF SUEZ Energia Italia will also benefit, for the entire fleet, from the Vestas Weather & Power Forecast – a high-quality, site specific, continuous weather and production forecasting system. It enables the optimisation of maintenance schedules by identifying low wind periods during which service is to be performed. It also improves customers' business by delivering precise power forecasting, and it fulfils the grid requirements established.

      “We decided to renew our 111 Vestas wind turbines’ service and maintenance agreement for another ten years on the basis of our long-lasting business relationship with Vestas and its ability to meet a number of specific requests – not least, maximising our wind power plants’ value by increasing the turbines’ reliability and availability, reducing down time and improving lifetime performance of our wind turbines in the country,” declares Pascal Renaud, Generation Director for GDF SUEZ Energia Italia.

      “We are very proud that GDF SUEZ Energia Italia has chosen to sign 10-year advanced service renewal contracts for their entire Vestas installed fleet in Italy. The GDF SUEZ Group is one of the largest and most experienced utilities in the world that demands excellence within its organisation and from Vestas. Vestas is therefore very pleased to have been chosen by the customer on the basis of the confidence built over years and our ability to listen and act on their requests,” comments Nicolas Wolff, General Manager Vestas France and GDF SUEZ Strategic Account Vice President who continues, “we are pleased with the trust GDF SUEZ shows in our organisation as this is a huge recognition of our service performances.”

      “With the signature of this agreement, during 2013, Vestas in Italy has secured long-term service contracts for around 500 MW – of which more than 70 per cent is for already operating wind power plants in the country,” declares Rainer Karan, Vestas Italia General Manager, who concludes, “our products, our service organisation and the strong partnerships with our customers in the country, have led us to become market leader in Italy with approximately 40 per cent of cumulative market share.”

      The six wind power plants produce approximately 250,000 MWh per year, which is enough to meet the residential electricity consumption of about 220,000 people in Italy and save the environment from almost 100,000 tons of CO2 emissions on an annual basis. Installed between 2006 and 2010, the power plants are located in the regions of Campania, Molise and Sicily.

      For further information, please contact:

      Velia Senatore
      Media and External Relations
      Tel.: +39 099 460 6415
      Email: veise@vestas.com 

      About GDF SUEZ

      The Group is the third largest gas operator serving more than 1.3 million customers and the fourth largest producer of electricity. SUEZ ENVIRONNEMENT also has a strong position with over 2.4 million users of its environmental services. Italy is a key market where GDF SUEZ enjoys prominent positions. GDF SUEZ is the leader in energy services in Italy through its subsidiary Cofely.

      GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimising the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services.

      GDF SUEZ employs 218,900 people worldwide and achieved revenues of EUR 97bn in 2012. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

      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 about 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.

      Vestas secures service contract renewals for the entire Vestas installed GDF SUEZ fleet in Italy totalling 130 MW

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      13:25 - 03 Jul 2013

      First V112 offshore turbines installed

      The first eight V112-3.0 MW offshore turbines have been successfully installed on the 48MW offshore project in Kårehamn, Sweden. In addition the turbines were also part of the first shipment of turbines from Vestas’ pre-assembly facility in Esbjerg, Denmark.

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      The first eight V112-3.0 MW offshore turbines have been successfully installed on the 48MW offshore project in Kårehamn, Sweden. In addition the turbines were also part of the first shipment of turbines from Vestas’ pre-assembly facility in Esbjerg, Denmark.

      Senior Vice President of Vestas Offshore Uffe Vinther-Schou says installing the first V112-3.0 MW offshore turbine was a key milestone for Vestas’ offshore business.

      “The V112 is a competitive offshore turbine and this is highlighted in the project pipeline of 161 turbines. We are preparing for a very busy period installing this turbine offshore,” he explains.

      Strong offshore presence

      Michael Lewis, COO Wind Power of E.ON Climate & Renewables, the owner of the Kårehamn project explains the strong partnership between E.ON and Vestas was a key contributor towards choosing the V112-3.0 MW offshore turbine for the project.

      “E.ON and Vestas have a long history working together to develop offshore wind projects,” he explains. “We wanted to work closely together again with the same professional project team who we collaborated with on the Robin Rigg project in the UK.”

      “We chose the V112-3.0 MW because of the high reliability and strong track record of the technology, combined with Vestas’ professionalism in construction and service in offshore environments.”

      The 48 MW Kårehamn project is the first of several V112-3.0 MW offshore projects to be constructed in the next two years. During 2013 and 2014 Vestas will also ship 73 V112-3.0 MW turbines to the 219 MW Humber Gateway project in the UK, also built by E.ON, as well as 72 V112-3.0 MW turbines for the 216 MW Northwind Offshore Wind Farm in Belgium.

      For more information, please contact:

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


      Download photos:

      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 

      About E.ON and E.ON Climate & Renewables

      E.ON is one of the world’s largest investor-owned power and gas companies, with annual sales of 132 billion Euros and more than 72,000 employees.

      E.ON Climate & Renewables (EC&R), headquartered in Essen, Germany, is responsible for E.ON’s large-scale renewable energy activities. EC&R plays a leading role in the development of the renewable industry worldwide and is already active in onshore and offshore wind, concentrating solar power (CSP), photovoltaic, and biomass.

      E.ON currently operates over 9 GW of renewable capacity including large hydro. Since its formation in 2007, EC&R has already invested more than 9 billion Euros and will continue to expand the share of renewable energy in E.ON’s power generation portfolio.

      For more information, please visit www.eon.com/renewables

      Close article
      09:20 - 03 Jul 2013

      Vestas consolidates its market leading position in South Africa with a new 93 MW order

      Cennergi orders 31 V112-3.0 MW for wind power plant at the Eastern Cape.

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      Cennergi orders 31 V112-3.0 MW for wind power plant at the Eastern Cape.

      With reference to Vestas Wind Systems A/S company announcement No. 31 of 3 July 2013, Vestas is pleased to announce a firm and unconditional order from Cennergi, a joint venture between Exxaro and Tata Energy for the Tsitsikamma community wind farm in South Africa. The wind power plant consisting of 31 V112-3.0 MW wind turbines will be installed in Port Elizabeth at the Eastern Cape of South Africa. The first turbine delivery is planned for the second quarter of 2015 and the wind power plant is expected to be commissioned by the first quarter of 2016.

      The contract includes supply, installation and commissioning of 31 V112-3.0 MW wind turbines, along with a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 15-year full-scope service agreement (AOM 5000). The AOM 5000 service package offers customers assured performance, avoiding unforeseen operational costs.

      “Cennergi is proud to have achieved financial close on our 93 MW Tsitsikamma Community Wind Farm. This is another significant step on the road to Cennergi achieving its goal of becoming the region’s leading independent power producer. It proves that Cennergi’s successful launch last year is underpinned by substantial projects and credible partners,” says Cennergi CEO Thomas Garner. “We are pleased to have formed a partnership with Vestas Southern Africa for the provision of EPC and O&M services on the wind farm project. The interactions to date have validated our decision and we look forward to an ongoing mutually beneficial relationship with Vestas.”

      “The project contains strong local economic development obligations. Beside the supply of clean energy, it provides significant employment and skills development to the local community. In this regard, Vestas is taking its responsibilities very seriously. We are excited to contribute not only to long- term renewable energy generation in South Africa, but also to the sustainable development of the communities Vestas is working in,” states Hans Vestergaard, Senior Vice President Sales, Vestas Central Europe.

      “After being awarded preferred supplier for several wind power projects in South Africa, today, we are very excited to announce another large order for South Africa and to construct our first wind power project together with Cennergi. As a pioneer in the development of the wind energy sector on this market, Vestas offers Cennergi 30 years of experience and leading technology wind turbines, making a clearly successful business case,” states Thomas Richterich, President of Vestas Central Europe.

      Introducing the V112-3.0MW turbine to the South African market is yet another milestone in a string of firsts for the turbine. Since its introduction in August 2010, the V112-3.0 MW turbine has been well received by the market, resulting in a firm and unconditional order intake of more than 3 GW. Vestas has now expanded the 3 MW platform to include the V112-3.3 MW, the V117-3.3 MW and the V126-3.3 MW to cover the high, medium and low wind market segments.

      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 consolidates its market leading position in South Africa with a new 93 MW order

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      09:15 - 03 Jul 2013

      Vestas receives 93 MW order in South Africa

      Vestas has received a firm and unconditional order for 31 V112-3.0 MW wind turbines for South Africa.

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      Vestas has received a firm and unconditional order for 31 V112-3.0 MW wind turbines for South Africa

      Additional information about the project:

      Customer: Cennergi, a joint venture between Exxaro and Tata Energy
      Project name: Tsitsikamma community wind farm
      Location/Country: Port Elizabeth, Eastern Cape, South Africa
      Number of MW: 93 MW
      Number of turbines/turbine type 31 x V112-3.0 MW wind turbines
      Contract type: Turnkey/EPC
      Contract scope: The contract includes supply, installation and commissioning of the turbines, a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 15-year full-scope service agreement (AOM 5000).
      Time of delivery Delivery of the wind turbines is planned to start in the second quarter of 2015 and the wind power plant is expected to be commissioned by the first quarter of 2016.

      Total year-to-date announced order intake in MW: 2,032 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
      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

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

      Download pdf

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      14:35 - 28 Jun 2013

      Vestas secures 107 MW order in Australia

      This latest project in Australia once again confirms Vestas’ ability to play a key role in engineering bankable solutions.

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      This latest project in Australia once again confirms Vestas’ ability to play a key role in engineering bankable solutions.

      With reference to Vestas Wind Systems A/S company announcement No. 30 of 29 June 2013, today, Vestas has received a firm and unconditional order for the supply of 51 wind turbines to the Taralga Wind Farm project in New South Wales, Australia. The 106.8 megawatt (MW) order is made up of a combination of V90-2.0 MW, V100-1.8 MW and V90-3.0 MW turbines and will be supplied using Australian manufactured steel towers.

      The order consisting of an engineering, procurement & construction (EPC) contract plus initial five-year full-scope AOM 4000 service agreement has been placed by Taralga Wind Farm Nominees No.1 Pty Ltd, a joint venture between Spanish banking group, Banco Santander S.A and Sydney based renewable energy developer, CBD Energy Limited.

      "Vestas is delighted to be chosen as the wind energy solution provider for the Taralga Wind Farm and to deliver the first wind power project in Australia for Banco Santander and CBD Energy. The realisation of this project demonstrates Vestas’ ability to play a key role in engineering innovative and bankable technical and commercial solutions and is also great news for the local economy,” says Jens Tommerup, President of Vestas Asia Pacific & China.

      The turbines will be manufactured and shipped through the second half of 2013 and the first quarter of 2014. Site based construction activities will take place over a seventeen-month period with the wind power plant expected to be fully operational by November 2014. Once commissioned, the Taralga Wind Farm will produce approx 290,000 MWh of clean renewable energy each year and will make a significant contribution to Australia’s 2020 Renewable Energy Target (RET).

      CBD Energy CEO and Executive Chairman Gerry McGowan said, “As a result of utilising the Vestas turbines, we have been able to reduce the number of turbines used on the site from 61 to 51. This has considerably reduced the environmental footprint and delivered a major economic uplift to the project.”

      Banco Santander Managing Director & Head of Credit Markets for Asia Pacific, David Swindin said, “We are delighted to be part of this exciting project which is our first renewable energy investment in Australia. We look forward to working with Vestas on future projects in this country.”

      The Taralga Wind Farm is the latest project in a successful line-up of deals also including Waterloo (111 MW), Collgar (206 MW), Macarthur (420 MW) and Musselroe (168 MW) wind farms that Vestas has been awarded in Australia since 2009. Since 2001, Vestas has installed 836 wind turbines in Australia equating to 1,774 MW of installed generating capacity, the large majority of which is also being operated and maintained by Vestas under long-term service agreements. By the end of 2012, Vestas had installed more than 50 per cent of the total installed wind capacity in Australia.

      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 tonnes 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.

      Contact details

      For more information, please contact:
      William Lim
      Communications Partner, Vestas Asia Pacific & China
      Tel: +86 10 5923 2022
      Mail: wilin@vestas.com 

      Ken McAlpine
      Director Public Affairs, Vestas Asia Pacific & China
      Tel: +61 3 8698 7075
      Mail: kenmc@vestas.com

      Vestas secures 107 MW order in Australia

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      14:30 - 28 Jun 2013

      Vestas receives 107 MW order in Australia

      Vestas has received a firm and unconditional order for 107 MW in Australia.

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      Vestas has received a firm and unconditional order for 107 MW in Australia

      Additional informationt about the project:

      Customer: Taralga Wind Farm Nominees No.1 Pty Ltd
      Project name: Taralga Wind Farm
      Location/Country: New South Wales, Australia
      Number of MW: 106.8 MW
      Number of turbines/turbine type A combination of V90-2.0 MW, V100-1.8 MW and V90-3.0 MW turbines.
      Contract type: Turnkey/EPC
      Contract scope: The order consists of engineering, procurement and construction of the wind power plant plus a five-year full-scope service agreement (AOM 4000).
      Time of delivery The wind turbines will be manufactured and shipped through the second half of 2013 and the first quarter of 2014, and the wind power plant is expected to be fully operational by the end of 2014.

      Total year-to-date announced order intake in MW: 1,939 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 Asia Pacific & China, China
      Jens Tommerup, President

      For more information, or to arrange an interview with Jens Tommerup of Vestas Asia Pacific & China, please contact:

      William Lim, Communications Partner, Vestas Asia Pacific & China
      Tel: +86 10 5923 2022

      A news release from Vestas Asia Pacific & China regarding the above-mentioned order will also be published on vestas.com under “News”.

      Download pdf

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      09:35 - 28 Jun 2013

      Vestas receives 87 MW order in the Philippines

      Vestas has received a firm and unconditional order for 29 V90-3.0 MW turbines for the Philippines.

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      Vestas has received a firm and unconditional order for 29 V90-3.0 MW turbines for the Philippines

      Additional information about the project:

      Customer: Energy Development Corporation (EDC)
      Project name: Burgos
      Location/Country: Burgos, Ilocos Norte province, Philippines
      Number of MW: 87 MW
      Number of turbines/turbine type 29 x V90-3.0 MW turbines
      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 fourth quarter of 2013 and commissioning of the wind power plant is expected to take place during the second half of 2014.

      Total year-to-date announced order intake in MW: 1,832 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 Asia Pacific & China, China
      Jens Tommerup, President

      For more information, or to arrange an interview with Jens Tommerup, please contact:

      William Lim, Communications Partner, Vestas Asia Pacific & China
      Tel: +8610 5923 2022

      A news release from Vestas Asia Pacific & China regarding the above-mentioned order will also be published on vestas.com under “News”.

      Download pdf

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      09:35 - 28 Jun 2013

      Vestas wins order for largest wind energy project in the Philippines

      Vestas’ new 87 MW order in the emerging wind market of the Philippines made possible through close co-operation with EDC, the Philippines’ leading renewable energy developer.

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      Vestas’ new 87 MW order in the emerging wind market of the Philippines made possible through close co-operation with EDC, the Philippines’ leading renewable energy developer.

      With reference to Vestas Wind Systems A/S company announcement No. 29 of 28 June 2013, today, Vestas received a firm and unconditional order from Energy Development Corporation (EDC) of the Philippines to deliver an 87 MW capacity wind power plant under an EPC (turnkey) contract. The order comprises installation of 29 units of the V90-3.0 MW turbine together with associated on-site civil and electrical works, located at Burgos, in the Ilocos Norte province. The wind turbines are expected to be commissioned in the second half of 2014. The project will then be operated under a Vestas 10-year AOM5000 service contract in which Vestas guarantees a defined level of performance.

      In winning this order, Vestas has designed a project solution which draws on the strengths derived from Vestas’ broad regional presence, sophisticated wind resource assessment, well-proven turbine technology and comprehensive service concepts.

      One of the main goals behind the merger of Vestas’ Asia Pacific and China organisations in 2012 was to secure a leading participation in the developing wind energy markets in Asia. The closing of the Burgos order in the Philippines is an important step towards achieving this objective.

      EDC and Vestas have worked closely together on the realisation of the Burgos project for more than two years. This has included efforts in support of the recent establishment in the Philippines of a regulatory framework and feed-in tariff for wind energy which has enabled EDC to commit to this project. With the continuation of this tariff structure, the Philippines will continue to hold good prospects for wind energy, which provides diversification of energy supply and reduced dependence on fossil fuel imports.

      “The Burgos order is the result of a very fruitful co-operation between EDC and Vestas. EDC’s technical experience from its local power project developments and its deep understanding of the requirements of the local electricity market, combined with Vestas’ vast knowledge of the design and delivery of successful wind energy projects globally and in the Philippines, has resulted in a well optimised project,” says Jens Tommerup, President of Vestas Asia Pacific & China. “I am very pleased that we have now embarked on this exciting journey with EDC.”

      Once operational, the Burgos wind power plant will produce around 233,000 MWh of electricity per year, sufficient to power over a million Philippine households, and will displace around 115,000 tons of CO2 annually.

      According to statistics from the Global Wind Energy Council, the Philippines, being one of the important emerging wind markets in Asia, had by the end of 2011 a cumulative installed wind capacity of 33 MW and is expected to install in excess of 500 MW by 2020 (according to forecasts by Emerging Energy Research). The Philippines’ only wind power plant in operation by the time the aforementioned statistics were compiled, was completed in 2008 utilising 20 units of the Vestas V82-1.65 MW turbine.

      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.

      Vestas completed the Philippines’ first wind power plant in 2008 with a total capacity of 33 MW. Apart from this landmark project, Vestas employs more than 130 committed and passionate people in the Philippines in various business support functions, among which is Vestas’ largest IT support centre.

      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.

      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 wins order for largest wind energy project in the Philippines

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      11:15 - 27 Jun 2013

      Vestas solidifies its leading position in Sweden with 99 MW order from Rabbalshede Kraft AB

      Vestas to supply 33 V112-3.0 MW turbines for two projects in Sweden.

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      Vestas to supply 33 V112-3.0 MW turbines for two projects in Sweden.

      With reference to Vestas Wind Systems A/S company announcement No. 28 of 27 June 2013, Vestas is pleased to announce its first order from Rabbalshede Kraft AB. The 99 MW order will supply 33 V112-3.0 MW turbines for two projects – in Årjäng, Värmland; and in Skaveröd, located in Uddevalla.

      The contract includes turbine delivery, installation, and commissioning; an eight-year Active Management Output (AOM) 5000 service agreement, offering the customer assured performance and helping to avoid unforeseen operational costs; and the Vestas OCAS (Optical Collision Avoidance System) solution, which activates the aviation safety lights only when needed. Turbine installation is scheduled to begin in the second quarter of 2014.

      “We are pleased to initiate our first projects with a new customer, following constructive and wide-ranging interactions with their key personnel. Rabbalshede Kraft and Vestas are focused on creating long-term strategic value, and this transaction will form the foundation for an ongoing collaboration,” says Vestas Northern Europe Vice President Sales, Krister Poole Jönsson.

      “We have today commenced the execution of our wind parks in Årjäng and Skaveröd where we have chosen Vestas as the wind turbine supplier. It is with great confidence and expectations we are now entering into this long-term strategic partnership where we can utilise this deal to further enhance our joint future opportunities,” says Thomas Linnard, CEO of Rabbalshede Kraft AB.

      “This order further solidifies Vestas’ leading role in the Swedish wind market, which remains an important priority for us. Rabbalshede Kraft AB is an important player in Swedish wind power, and this order gives momentum to our evolving business relationship. We look forward to working with Rabbalshede Kraft to support them in realising their wind power ambitions in the coming years,” says Klaus Steen Mortensen, President Vestas Northern Europe.

      Contact details

      For further information, please contact:

      Michael ZarinHead of External Relations, Global MarCom & Corporate Relations
      MIZAR@vestas.com 
      +45 4084 1526

      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.

      About Rabbalshede Kraft AB

      Rabbalshede Kraft AB) plans and establishes onshore wind farms in Sweden to operate proprietarily or for sale to other companies. Rabbalshede Kraft’s vision is to be a leading player in the long-term sustainable production of energy in Sweden. Since being formed in 2005, Rabbalshede Kraft has worked intently on the planning and development of an extensive project portfolio, which currently comprises about 40 wind farms with nearly 400 turbines. The company’s structured efforts to develop the project portfolio have resulted in the company being involved in the commissioning of 48 wind turbines. In addition to this, a wind farm comprising 14 wind turbines is currently under construction and will be in commercial operation by the autumn of 2013. Through previous rights issues and access to loan financing, the company has proprietarily constructed 26 turbines and secured financing for its ongoing establishment (14 turbines). For more information, please visit www.rabbalshedekraft.se.

      Vestas solidifies its leading position in Sweden with 99 MW order from Rabbalshede Kraft AB

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      11:10 - 27 Jun 2013

      Vestas receives 99 MW order in Sweden

      Vestas has received a firm and unconditional order for 99 MW consisting of 33 V112-3.0 MW turbines for Sweden.

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      Vestas has received a firm and unconditional order for 99 MW consisting of 33 V112-3.0 MW turbines for Sweden

      Additional information about the project:

      Customer: Rabbalshede Kraft AB
      Project name: Årjäng and Skaveröd
      Location/Country: Årjäng in Värmland and Skaveröd in Uddevalla, Sweden
      Number of MW: 99 MW
      Number of turbines/turbine type 33 V112-3.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes delivery, installation, and commissioning of the wind turbines as well as an eight-year Active Management Output (AOM) 5000 service agreement.
      Time of delivery Turbine installation is scheduled to begin in the second quarter of 2014.

      Total year-to-date announced order intake in MW: 1,745 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 Relations, Global MarCom & Corporate Relations
      Tel.: +45 4084 1526

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

      Download pdf

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      09:15 - 26 Jun 2013

      Vestas applauds President Obama’s push to combat climate change

      In a speech given Tuesday at Georgetown University, President Obama calls for the nation to double its use of renewable energy.

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      In a speech given Tuesday at Georgetown University, President Obama calls for the nation to double its use of renewable energy.

      President Obama’s plan would cut carbon emissions that cause climate change and endangers public health. His goal is to double the amount of renewable energy permits approved on public lands which would power more than six million households by 2020. Obama also aims to increase federal government procurement of renewable power from 7.5 per cent by 2020 to 20 per cent.

      Vestas Wind Systems CEO Ditlev Engel supports President Obama’s call to help combat climate change through the increased deployment of renewable energy.

      “I commend the president for laying out a set of executive actions to address climate change,” Engel said. “Emission-free wind energy is playing — and will continue to play — a major role in meeting this challenge.”

      Vestas supports these efforts not just in the United States but also globally.

      “We’re also pleased President Obama is calling for free trade in environmental goods and services and to reduce subsidies for fossil fuels,” Engel said. “These are measures Vestas and other businesses have recommended to G20 countries, in 2010, 2011 and 2012, and we are happy to see these recommendations being followed. With the right climate and energy policies, we will have the opportunity to create a sustainable, secure and economically strong future around the world”.

      For more information, contact:

      Michael Zarin
      Media & External 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’ 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.

      To learn more about wind power, please visit www.actonfacts.org.

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      17:50 - 23 Jun 2013

      Information in the market regarding order in the Philippines

      Information in the market regarding order in the Philippines

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      Information in the market regarding order in the Philippines

      Today, there is information in the market regarding an 87 MW project in the Philippines.

      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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      07:50 - 21 Jun 2013

      Vestas sells two wind power plants in Romania and Bulgaria

      Vestas has entered into an agreement to sell the Romanian project Gebeleisis and the Bulgarian project Hrabrovo for a total enterprise value of EUR 127m.

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      Vestas has entered into an agreement to sell the Romanian project Gebeleisis and the Bulgarian project Hrabrovo for a total enterprise value of EUR 127m

      Vestas has entered into an agreement to sell the Romanian project Gebeleisis and the Bulgarian project Hrabrovo to LUKERG Renew for a total enterprise value of EUR 127m. The wind power plants have been co-developed by Vestas, among other things to increase Vestas’ share of green electricity. Closing of the transactions is expected to take place within the next eight weeks – however, the Hrabrovo transaction is subject to approval by the Bulgarian competition authority.

      The projects are expected to be recognised as revenue and earnings in the second and third quarters of 2013. The free cash flow is expected to be positively impacted by EUR 127m in the second and third quarters of 2013.

      Vestas has decided to sell the two projects as development and ownership of projects is not part of Vestas’ regular business model.

      The above will have no effect on the future operations of Vestas.

      About Gebeleisis

      The Gebeleisis wind power plant is located in the Galati region in Romania, and has been fully operational since February 2013. The wind power plant has a total capacity of 70 MW (35 V90-2.0 MW turbines) and its average annual production is expected to exceed 165 GWh. The value of the project amounts to EUR 109.2m.

      About Hrabrovo

      The Hrabrovo wind power plant is located in the region of Dobrich in Bulgaria, and has been fully operational since March 2012. The wind power plant has a total capacity of 14 MW (seven V90-2.0 MW turbines), and its average annual production is expected to exceed 34 GWh. The value of the project amounts to EUR 17.6m.

      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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      12:05 - 20 Jun 2013

      Wind energy offers a multitude of opportunities for Japanese corporations

      Wind, an independent and safe source of energy that can help Japan and its corporations in addressing some of the challenges pressing the businesses in today’s Japan: to reduce the cost of energy consumption and to continuously attract the carbon-conscious global consumer.

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      Wind, an independent and safe source of energy that can help Japan and its corporations in addressing some of the challenges pressing the businesses in today’s Japan: to reduce the cost of energy consumption and to continuously attract the carbon-conscious global consumer.

      Today, Vestas Wind Systems, the global leader in wind energy solutions is in Tokyo presenting the most recent findings in two global studies on renewable energy as part of the global Energy Transparency Campaign which aims at informing and creating transparency about consumer behaviours and corporate energy usage. The Global Consumer Wind Study is shedding light on consumer preferences vis-à-vis renewable energy, whereas the Corporate Renewable Energy Index is establishing more transparency on corporations’ energy consumption, which the former study shows is a missing piece of information, when consumers are making buying-decisions.

      At the launch event, Morten Albæk, Chief Marketing Officer at Vestas says, “There are two elements that are decisive for corporations’ success: The customers, in this case consumers and the costs. Consumers globally have become more conscious about choosing products and services that are produced sustainably. They want to be able to make informed decisions and want to know what type of energy has gone into producing the product they are purchasing.”

      64 per cent of the Japanese respondents in the Global Consumer Wind Study expressed that they are inadequately informed about the energy that is used to manufacture the products they purchase.

      “That is why we present this information to the consumers through the Corporate Renewable Energy Index,” Morten Albæk continues. “Given the absolute amount of energy the corporations consume, they play a pivotal role in contributing to a global transformation to a more sustainable energy mix, and they are supported by their most important stakeholders, namely their customers.”

      At the same time, increasing the proportion of renewable energy the corporations consume is an avenue to hedge against the price fluctuations which conventional fossil fuels are subjected to. With soaring energy costs for Japanese corporations operating domestically, wind energy presents a predictable and rewarding energy solution, which can help corporations keep costs down*, while also contributing to the efforts of transforming Japan’s and the world’s energy mix to a more sustainable one. With a feed-in tariff for wind energy standing at 23.1 JPY/kWh, Japan is currently offering some of the most attractive support schemes for wind in the world.

      (*Calculations by The Institute of Energy Economics, Japan (from May 2012) show a levelised cost of energy (cost per kWh over the lifetime of a power project) for wind to be as low as 10 JPY/kWh, outperforming conventional fossil fuels. Source: http://eneken.ieej.or.jp/data/4337.pdf)

      Download Energy Transparency fact sheet for Japan

      For more information, please contact:

      William Lim
      Global MarCom & Corporate Relations
      Vestas Asia Pacific & China
      Tel: +86 1340 107 1474
      Email: wilin@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’ 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 18,000 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 55 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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      08:35 - 20 Jun 2013

      Swedish basic industry leader Holmen Energy invests in Vestas wind power with 51 MW order

      Vestas to supply 17 V112-3.0 MW turbines to Sweden

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      Vestas to supply 17 V112-3.0 MW turbines to Sweden

      Holmen Energy, together with the investment fund Eurofideme 2, has signed an agreement to construct a wind power plant using 17 V112 3.0 MW wind turbines. The two investors will co-own the project, which will be ready for turbine installation in the second quarter of 2014.

      The 51 MW Varsvik wind power plant will be installed in Varsvik, Norrtälje municipality, Sweden, in connection with Holmen’s Hallstavik paper mill. The contract includes delivery, installation and commissioning of the wind power plant, including a full scope availability agreement, AOM4000.

      “We are very excited to construct our first wind power project together with Holmen, all the more so in connection with a project company jointly owned by Eurofideme 2, which is already a highly-valued Vestas customer. It is very positive to see an increase of new entrants in the wind power industry and especially with actors representing Swedish basic industry,” says Vestas Northern Europe Vice President Sales, Krister Poole Jönsson.

      “Today, we have initiated the execution of the wind project Varsvik, involving 17 Vestas wind turbines. We have worked with Vestas for some time to continuously improve and tailor the site for optimal turbine layout to secure best cost of energy and stabilised operational lifetime of the turbines. We now focus on and look forward to the execution of the project and how we can further develop our cooperation with the Vestas organisation,” says Arne Wallin, CEO Holmen Energy.

      “This project is a key milestone to our expansion strategy in Sweden, one of the most attractive markets for wind in Europe. It is a great opportunity for Eurofideme 2 to be co-investing with high quality partners like Holmen and Vestas," commented Raphael Lance, Director of Eurofideme 2.

      “Sweden is a key market for Vestas and our customers, and this project represents a big step forward in further solidifying wind power’s role in the Swedish energy mix. We are pleased that Holmen has chosen Vestas as supplier for their first large-scale wind power project. We are now looking forward to executing the project and further deepening our cooperation with Holmen, utilising Varsvik as a platform,” says Klaus Steen Mortensen, President Vestas Northern Europe.

      For further information, please contact
      Michael Zarin
      Media and External Relations
      Tel.: +45 4084 1526
      Email: mizar@vestas.com 

      About Vestas Northern Europe

      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. For further information, please see www.vestas.com.

      About Holmen Energy

      Holmen Energy is in charge of the Holmen Group’s hydro power production and of developing energy-related operations. During a normal year, hydro power production amounts to around 1,100 GWh.

      Holmen’s forest and energy assets are highly valuable to the company, helping to give it a stable foundation. In addition to generating even and high earnings, they create advantages in supplying raw materials to the product-oriented business areas. Forest raw materials and the energy area also have immense development potential. The Group is about 60 per cent self-sufficient in wood, and self-sufficiency in electricity is around 30 per cent. A significant proportion of the thermal energy required is covered by bioenergy produced at the company’s own facilities. The Group owns five productions plants in Sweden and one each in the UK and Spain. The forest- and hydro power facilities are located in Sweden. Around 90 per cent of sales take place in Europe via Holmen’s own sales companies.

      Holmen’s two classes of shares are listed in the Large Cap segment on the Nasdaq OMX Nordic Exchange. For further information, please see www.holmen.com.

      About Eurofideme 2

      Eurofideme 2 is an investment fund dedicated to renewable energy projects in Europe, and is part of Mirova, the responsible investment arm of Natixis Asset Management. Mirova, through Fideme and Eurofideme 2 successive funds, has made a cumulated 32 investments in the renewable energy space since 2003 participating in building more than 600 MW of wind projects in Europe, including France and Sweden. www.eurofideme2.com/.

      Swedish basic industry leader Holmen Energy invests in Vestas wind power with 51 MW order

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      02:00 - 18 Jun 2013

      Vestas launches Act on Facts campaign in battle against anti-wind movement, says “Don’t let myths dictate our future”

      Vestas Group Senior Vice President Morten Albæk says, “The wind industry is being attacked by media-savvy and politically influential adversaries who often display a brazen disregard for factual information. The “Act on Facts” campaign is our way of fighting back.”

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      Vestas Group Senior Vice President Morten Albæk says, “The wind industry is being attacked by media-savvy and politically influential adversaries who often display a brazen disregard for factual information. The “Act on Facts” campaign is our way of fighting back.”

      Vestas this week launches the first phase of a cutting-edge global campaign to separate myths from facts and to channel public support toward political action favouring wind energy. The campaign embodies a unique approach to dealing with significant business challenges, integrating multiple marketing, communications, and public affairs channels and platforms.

      Starting in Australia, a hot-bed of anti-wind activity, the Act on Facts launch event at the University of Melbourne features a live panel discussion about the tactics used by anti-wind energy activist groups and what the wind industry can do to counter the wild claims and convert the quiet majority of wind energy supporters* into active campaigners.

      Together with leading wind energy players such as Infigen Energy Managing Director Miles George and a panel of experts on climate, health and regional development, Vestas Group Senior Vice President Morten Albæk will unveil the Act on Facts campaign, including the web portal www.actonfacts.org. The portal features well-documented, fact-based information to help dispel the scare campaigns peddled by anti-wind activists as well as up-to-date information on pro-wind initiatives in which local citizens can engage.

      According to Infigen Energy Managing Director Miles George, “This campaign is a crucial part of the industry’s efforts to take back the initiative from the anti-wind movement and share some facts with the Australian people. Wind energy projects that could save up to five million tonnes of CO2 emissions every year are being stalled by scare campaigns and misinformation.”

      Vestas Group Senior Vice President Morten Albæk adds, “It is important to distinguish between genuine local concerns and the increasingly professional anti-wind activists whose strategy seems designed to confuse and inflame the debate. “Act on Facts” is a bold stroke to counter that strategy. Veering off the well-trodden public relations path entails risks. But playing it safe is even riskier.”
      (* According to Essential Research (http://essentialvision.com.au/wind-farms), 76 per cent support building wind farms in Australia to produce renewable energy and 11 per cent oppose. Support was over 70% across all demographic groups.)

      The Act on Facts launch event takes place:

      Tuesday, June 18, 12:15 PM to 1:30 PM (EST)
      University of Melbourne
      Theatre One
      Business and Economics Building
      111 Barry St, Carlton VIC 3053

      The program includes:

      Keynote speaker: Morten Albæk – Group Senior Vice-President, Vestas Wind Systems

      Moderator/Chair:
      Kane Thornton – Deputy Chief Executive, Clean Energy Council

      Speakers:
      Simon Chapman – Professor of Public Health, University of Sydney
      Miles George – Managing Director, Infigen Energy
      Simon Holmes à Court – Chairman, Embark Australia
      Fiona Armstrong – Convenor, Climate and Health Alliance
      Frank Brennan - Former CEO, Wattle Range Shire Council, South Australia

      To take part in the event, please sign up at: www.actonfacts.org/event 

      For more information on Act on Facts please visit http://www.vestas.com/en/media/media-kit/act-on-facts-australia.aspx 

      Or contact:

      In Melbourne:
      Ken McAlpine
      Director, Public Affairs, Vestas Asia Pacific & China
      Mobile: +61 408 105 403
      Email: kenmc@vestas.com 

      In Denmark:
      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’ 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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      10:45 - 13 Jun 2013

      Vestas wins 42 MW order in Croatia

      14 V90-3.0 MW turbines for the Obrovac Zelengrad wind power plant

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      14 V90-3.0 MW turbines for the Obrovac Zelengrad wind power plant

      Vestas has received a firm and unconditional order for 42 MW. The 14 V90-3.0 MW turbines will be installed in the province of Obrovac, Croatia. The first turbine delivery is planned for the first quarter of 2014 and the wind power plant is expected to be commissioned during the second quarter of 2014.

      The order has been placed by Eko Energija d.o.o., a company wholly owned by the EnerCap Power Funds, both of which are managed by EnerCap Capital Partners.

      The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution as well as a seven-year full-scope service agreement (AOM 4000). The AOM 4000 service package offers customers assured performance, helping them to avoid unforeseen operational costs.

      "We're delighted to commence the construction of the Obrovac wind power plant which marks our first investment in Croatia. We will also have an active role in overseeing the construction of this project which will benefit from our experienced team of construction and asset management professionals," comments Alastair Hammond, partner at EnerCap Capital Partners. "We are pleased to work with Vestas again, following our successful project in Scieki, Poland, last year, and we are looking forward to a positive cooperation during the installation and service phase."

      “This wind power project is another important milestone in the development of Croatia’s promising wind market. Vestas is pleased to receive the 42 MW order from our valued customer Eko Energija and to support their vision and business case with reliable wind turbines, services and our 30 years of wind energy experience,” says Thomas Richterich, President of Vestas Central Europe.

      “We are pleased to continue our good cooperation with EnerCap. The realisation of this project is a further confirmation of Vestas’ success and commitment in the region,” says Mikael Rönholm-Nielsen, Vice President Sales, Austria/Eastern Europe.

      The power plant will produce more than 110,000 MWh per year, which corresponds to an annual saving of over 35,000 tons of CO2 emissions. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 31,000 Croatian households.

      About EnerCap Power Funds

      The EnerCap Power Funds specialises in private equity investments in clean energy projects across Central, Eastern and South-Eastern Europe. EnerCap manages an extensive portfolio of investments in Poland, Romania, Slovakia, Croatia and the Czech Republic. This currently totals over 320 MW of project assets under management. The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are together majority investors in the Enercap Power Funds.

      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 wins 42 MW order in Croatia

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      14:10 - 12 Jun 2013

      Vestas secures 309 MW service contract renewal in Wisconsin, USA

      Vestas has secured a four-year service and maintenance renewal from We Energies for a combined 180 wind turbines at three wind power plants in Wisconsin, USA.

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      Vestas has secured a four-year service and maintenance renewal from We Energies for a combined 180 wind turbines at three wind power plants in Wisconsin, USA.

      The renewal contract, which begins near the end of 2013, covers 309 MW worth of wind turbines at the Glacier Hills, Blue Sky Green Field and Byron sites.

      “This service contract extension demonstrates our strong relationship with the largest utility in Wisconsin, and shows their confidence in both our products and service team,” said Chris Brown, president of Vestas’ sales and service division in the United States and Canada. “Our turbine availability at Glacier Hills is higher than 99 percent in the past year, and at Blue Sky Green Field, it’s been above 98 percent since early 2012. These were important factors that allowed us to secure this agreement.”

      Vestas began its partnership with We Energies in 1999, supplying the utility its first wind turbines, two V47-660 kW in Byron. Vestas then provided 88 V82-1.65 MW turbines for the Blue Sky Green Field project in northeast Fond du Lac County that went online in 2008. In December 2011, We Energies and Vestas finished its latest project, the Glacier Hills Wind Park, which consists of 90 V90-1.8 MW turbines near the towns of Randolph and Scott in Columbia County.

      The service contract extension includes 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.

      The three wind plants are capable of generating enough electricity to power more than 80,000 households in Wisconsin.

      “The service and maintenance Vestas will provide for the largest wind farms in Wisconsin is critical to the reliable production of renewable energy for our customers,” said Allen Leverett, We Energies executive vice president.

      Headquartered in Milwaukee, Wis., We Energies provides electric and natural gas service to customers in portions of Wisconsin and Michigan’s Upper Peninsula. The company continues to generate and purchase more energy from renewable resources such as wind power to meet customer demand and the state of Wisconsin’s Renewable Portfolio Standard.

      Media contact

      Andrew Longeteig
      Vestas, North America
      Tel.: +1 503 327 7479,
      email: anlon@vestas.com 

      Blue Sky Green Field site (photo courtesy We Energies):

      Glacier Hills site (photo courtesy We Energies):

      About Vestas

      With over 56 GW of installed capacity worldwide and 62 percent more capacity installed than its closest competitor, Vestas is the global leader in wind energy. Since 1979, Vestas has supplied more than 49,000 wind turbines in 73 countries. Vestas provides jobs for more than 17,000 people at our 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.

      Close article
      10:40 - 11 Jun 2013

      Vestas receives 94 MW order for South African wind power plant

      Aurora Wind Power orders 47 V90-2.0 MW wind turbines for West Coast One project

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      Aurora Wind Power orders 47 V90-2.0 MW wind turbines for West Coast One project

      With reference to Vestas Wind Systems A/S company announcement No. 25 of 11 June 2013, Vestas is pleased to announce a firm and unconditional order from Aurora Wind Power, a joint venture between GDF SUEZ, Investec and Kagiso Investment. The wind power plant consisting of 47 V90-2.0 MW turbines will be installed at the Western Cape of South Africa. The start of the turbine delivery is planned for the third quarter of 2014 and the wind power plant is expected to be commissioned by May 2015.

      “We are happy to announce this large order for South Africa and to construct our first wind power project together with Aurora Wind Power – all the more so in connection with a project company jointly owned by GDF SUEZ, already a long-term and highly valued Vestas customer. With our 30 years of experience and efficient wind energy solutions we contribute to our partners’ business case and support their vision of a sustainable wind energy market in South Africa,” says Vestas Central Europe President, Thomas Richterich.

      “Vestas Southern Africa is proud to be chosen as the EPC contractor for one of the largest wind power plants in South Africa. This confirms Vestas’ market leading position in South Africa where Vestas has won 36 per cent of the megawatts in the first two auctions. We look forward to building on this success and further developing, together with our long-standing and global partner GDF SUEZ, exciting wind opportunities in the country,” states Phylip Leferink, Country Manager/VP Sales, Vestas Southern Africa.

      The contract includes supply, installation and commissioning of 47 V90-2.0 MW wind turbines, along with a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 15-year full-scope service agreement (AOM 5000). The AOM 5000 service package offers customers assured performance, helping them to avoid unforeseen operational costs.

      Jean Rappe, Head of Business Development, GDF SUEZ Energy South Asia, Middle East & Africa is proud to be a successful REIPPP (Renewable Energy Independent Power Producer Programme) bidder and wishes to congratulate the Republic of South Africa’s Department of Energy for running a world-class procurement process. “We are pleased to have formed a partnership with Vestas Southern Africa for the provision of EPC and O&M services on the wind farm. The interactions to date have validated our decision and we look forward to an ongoing mutually beneficial relationship with Vestas. GDF SUEZ has further renewable energy projects under development in South Africa as the implementation of renewable technologies helps to save energy while minimising 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 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 94 MW order for South African wind power plant

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      10:35 - 11 Jun 2013

      Vestas receives 94 MW order in South Africa

      Vestas has received a firm and unconditional order for 47 V90-2.0 MW wind turbines for South Africa.

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      Vestas has received a firm and unconditional order for 47 V90-2.0 MW wind turbines for South Africa

      Additional information about the project:

      Customer: Aurora Wind Power, a joint venture between GDF SUEZ, Investec and Kagiso Investment
      Project name: West Coast One
      Location/Country: Western Cape, South Africa
      Number of MW: 94 MW
      Number of turbines/turbine type 47 x V90-2.0 MW wind turbines
      Contract type: Turnkey
      Contract scope: The contract includes supply, installation and commissioning of the turbines, a VestasOnline® Business SCADA solution, full scope civil and electrical works as well as a 15-year full-scope service agreement (AOM 5000).
      Time of delivery Delivery of the wind turbines is planned to start in the third quarter of 2014 and the wind power plant is expected to be commissioned by May 2015.

      Total year-to-date announced order intake in MW: 1,553 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
      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

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

      Download pdf

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      09:30 - 31 May 2013

      Vestas outsources warehouse operations in Europe

      Vestas creates a more scalable supply chain organisation in the EMEA region (Europe – Middle East – Africa) by outsourcing warehouse operations for spare parts and service tools to logistics supplier DB Schenker. This move is part of Vestas’ strategy to reduce operational and capacity costs, while at the same time maintaining Vestas’ high quality service standards for customers.

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      Vestas creates a more scalable supply chain organisation in the EMEA region (Europe – Middle East – Africa) by outsourcing warehouse operations for spare parts and service tools to logistics supplier DB Schenker. This move is part of Vestas’ strategy to reduce operational and capacity costs, while at the same time maintaining Vestas’ high quality service standards for customers.

      As part of establishing this change 22 local warehouses will be closed and the new spare parts network will be mainly organised by one central warehouse in Germany (Grimma near Leipzig), and three area warehouses in Romania (Bucharest), Spain (Ourense) and Sweden (Umeå)

      In addition approximately 75 emergency stock locations will be established throughout the EMEA region to secure two-three hour service for turbine spare part orders. External logistics providers will operate these stock locations.

      Scalable and flexible

      Tommy Rahbek Nielsen, Global Senior Vice President of Supply Chain Planning explains outsourcing of spare part operations will enable Vestas to convert fixed costs into variable costs and thereby create a more scalable and flexible set up that maintains high standards of service for customers.

      “Our supply chain setup becomes more scalable because we can open and close depots depending on service contracts with customers and adjust our warehouse capacity as the demand fluctuates,” he says.

      “We chose DB Schenker because they can match our strategic need for storing and distributing spare parts and tools in the EMEA region and have proven to be a reliable and valued business partner. DB Schenker knows our processes and systems already, and we are looking forward to building on our existing relationship with them to maintain the same quality of spare parts distribution our customers expect.”

      Dr. Thomas Böger, member of the Board of Management, Schenker Deutschland AG explains Vestas and DB Schenker have been working together closely and successfully for many years.

      “DB Schenker is well versed in the specific services Vestas needs to process spare parts, tools and components: we provide a high-capacity network with a European center of distribution located in Grimma (near Leipzig), and three regional warehouses in Sweden, Romania and Spain. We use an SAP GWS system to manage all the processes involved, ensuring that every Vestas spare part, tool and component is handled on time in a service-focused and cost-oriented way.”

      Vestas has 150 employees working with the daily operation of spare parts & tools in warehousing in the EMEA region and will adjust the workforce in the warehouses primarily by working to transfer employees to DB Schenker in similar positions or looking for other possibilities within Vestas wherever possible.

      Tools for construction operations for Vestas’ Northern Europe and Offshore business units will remain handled by Vestas.

      For more information, please contact:

      Matt Whitby
      Press and Communication Officer
      Tel: +45 2250 7131
      Mail: matke@vestas.com 

      About DB Schenker

      DB Schenker stands for the transportation and logistics activities of Deutsche Bahn (DB). The logistics division of DB is the world’s second largest transportation and logistics service provider based on sales and performance. In the financial year 2012, over 95,000 employees in 130 countries generated sales of around 20.3 billion euros. Through its Transportation and Logistics Division, DB holds top positions in global air and ocean freight and has Europe’s most extensive national transport network and the rail expertise of Europe’s largest rail freight company. With around 2,000 locations in the world’s most important economic regions, DB’s logistics division has a global network geared toward customer service, quality and sustainability.

      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 18,000 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 55 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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      09:30 - 30 May 2013

      Vestas receives 90 MW order in Uruguay

      Vestas has received a firm and unconditional order for 30 V112-3.0 MW turbines for Uruguay.

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      Vestas has received a firm and unconditional order for 30 V112-3.0 MW turbines for Uruguay

      Additional information about the project:

      Customer: Compañia Forestal Uruguaya S.A. (COFUSA), Uruguay
      Project name: Pintado Wind Power Plant
      Location/Country: Uruguay
      Number of MW: 90 MW
      Number of turbines/turbine type 30 x V112-3.0 MW turbines
      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 15-year full-scope service agreement (AOM 5000).
      Time of delivery Delivery of the wind turbines will begin in the third quarter of 2013 and the wind power plant is expected commissioned by the second quarter of 2014.

      Total year-to-date announced order intake in MW: 1,459 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 and CSO

      For more information or to arrange an interview with Juan Araluce, please contact:

      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 “News”.

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      09:30 - 30 May 2013

      Vestas receives its largest order ever in Uruguay

      Vestas receives order for 90 MW consisting of 30 V112-3.0 MW wind turbines for Uruguay.

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      Vestas receives order for 90 MW consisting of 30 V112-3.0 MW wind turbines for Uruguay.

      With reference to Vestas Wind System A/S’ company announcement No. 24 of 30 May 2013, Vestas has received a 90 MW order for Uruguay.

      The project, which will be Vestas’ largest in Uruguay, consists of 30 V112-3.0 MW wind turbines that will be installed in Pintado, Florida, Uruguay. The turbines are scheduled for delivery in the third quarter of 2013, and the wind power plant is expected to be commissioned in the second quarter of 2014.

      The contract for the Pintado wind power plant comprises delivery, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 15-year Active Management Output (AOM) 5000 service agreement. The AOM 5000 service package offers customers assured performance, helping them to avoid unforeseen operational costs.

      The order has been placed by Luz de Mar, Luz de Loma and Luz de Rio, special purpose companies owned by the shareholders of Compañia Forestal Uruguaya S.A. (COFUSA). COFUSA is a forestry company committed to growing, manufacturing and marketing timber products. COFUSA has been engaged in planting and forest management since 1989, owning 30,000 hectares of plantations.

      “After long negotiations, we are confident that Vestas, the global leader in wind energy solutions, is the reliable partner for our project in Pintado. We have found the necessary technology, experience and knowledge for our project. The V112-3.0 MW turbine allows an efficient energy production and gives us justified return on investment,” says Juan Otegui, president of COFUSA. “We have full confidence in the business case of our Pintado project,”  he concludes.

      “It is a pleasure for us to announce the first contract with COFUSA’s shareholders. More and more companies around the world are increasingly seeing renewable energy as a solid business opportunity and as a way of contributing to widening the countries’ energy mix,” states Miguel Picardo Troyano, VP Vestas South America (exc. Brazil), who continues,”we are happy to be chosen as the turbine supplier and service provider for what will be Vestas’ largest wind power plant in the country, and we look forward to working in a close partnership with COFUSA and to continuing the expansion of wind power in Uruguay.”

      Juan Araluce, Chief Sales Officer of Vestas Wind Systems A/S concludes: “This is a great opportunity for Vestas to strengthen our presence in Uruguay and confirms our leading position in the country, where we have installed almost 80 per cent of the total capacity as of the end of 2012. This 90 MW project will be largely contributing to Uruguay’s goal to have 1,000 MW of new wind energy capacity by 2015.”

      As of 31 December 2012, Vestas has delivered 523 units of V112-3.0 MW turbines worldwide representing a total capacity of 1,569 MW, and it has received more than 3 GW of firm orders for this model.

      The Pintado wind power plant project will have an estimated annual production of more than 381,000 MWh per year, which will save the environment from almost 117,000 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’ 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.

      Contact details

      For media inquiries, please contact

      Velia Senatore
      Communications Partner, External Relations, GMCR, Italy
      Tel.: +39 099 460 6415

      Vestas receives its largest order ever in Uruguay

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      09:15 - 30 May 2013

      Vestas produces first V117 blade in Colorado

      The first prototype blade for Vestas’ new V117-3.3 MW turbine has been manufactured at Vestas’ factory in Brighton, Colorado, USA. Vestas converted the factory into a modular and flexible production line capable of producing blades for both the V112 and V117 turbines. It demonstrates a further step of Vestas’ strategy of continuously optimising products and creating a flexible manufacturing capacity while reducing overall investment level.

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      The first prototype blade for Vestas’ new V117-3.3 MW turbine has been manufactured at Vestas’ factory in Brighton, Colorado, USA. Vestas converted the factory into a modular and flexible production line capable of producing blades for both the V112 and V117 turbines. It demonstrates a further step of Vestas’ strategy of continuously optimising products and creating a flexible manufacturing capacity while reducing overall investment level.

      "The production of the first blade for the V117-3.3 MW in Colorado demonstrates Vestas’ focus of being faster to the market in developing new products,” said Chief Manufacturing Officer Jean-Marc Lechêne.

      “In just five months Vestas has been able to modify the production set up where we can introduce a new blade variant on a flexible production line that can be transformed between blade types within a single day.”

      “The development of the new blade underlines Vestas’ commitment to produce wind turbines which meet customer demands by providing advancements in existing technology, while at the same time reducing overall level of capital investment.”

      Building on proven technology

      The 57.5-metre prototype blade is the first of a new variation of the 55-metre blade used for the V112-3.0 MW- with a 2.5-metre root extension. The increased rotor size means the V117-3.3 MW optimises performance on medium wind sites, increasing annual energy production by up to 7.1 per cent compared to the V112-3.0 MW.

      The V117-3.3 MW is one of three new variants of the 3 MW platform recently released to the market, along with the V112-3.3 MW and the V126-3.3 MW. The new turbines developed from the same proven technology, enabling customers to benefit from higher reliability, more effective service and spare part operations

      The 57.5-metre blade is on route to Vestas’ testing facilities on the Isle of Wight, UK- for validation and lifecycle testing. The factory in Colorado also recently manufactured the blades for the V117-3.3 MW prototype due to be assembled in July in Denmark, as well as the blades for the first five V117-3.3 MW turbines which have been sold to a customer in Denmark.

      For more information, please contact:

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

      Download V117 photos via clicking on each image

      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.

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      08:15 - 28 May 2013

      Information in the market regarding order in Jordan

      Information in the market regarding order in Jordan.

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      Information in the market regarding order in Jordan

      Today, there is information in the market regarding a 117 MW project in Jordan.

      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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      11:30 - 24 May 2013

      Case concerning former CFO handed over to the Fraud Squad

      Vestas has handed over case concerning former CFO to the Fraud Squad.

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      Vestas has handed over case concerning former CFO to the Fraud Squad

      In December last year, Vestas’ Board of Directors took steps to involve the State Prosecutor for Serious Economic and International Crime (the Fraud Squad) in the case regarding the former Chief Financial Officer’s (CFO), Henrik Nørremark’s financial transactions in relation to an Indian cooperation partner, ref. company announcement No. 36/2012 of 2 October 2012. This took place at the recommendation of the company’s external lawyers as they together with Vestas’ auditors had had to complete a number of comprehensive joint investigations of the case, without being able to conclude what the money had been spent on. Since then, the Fraud Squad has carried out its preliminary investigations and has, as part of these, interviewed members of the Board of Directors, the Group President & CEO, several executives as well as a number of Vestas employees. At the same time, the Board of Directors has informed the former CFO that he will be held responsible for the losses which the company may suffer due to his transactions.

      Overall, the case involves two matters:

      Firstly, the dismissed former CFO has on his own entered into extensive agreements which have resulted in Vestas making provisions for EUR 18.9m in 2012 to cover possible losses in this connection.

      The amount of EUR 18.9m concerns two actions:

    • two debt agreements of a total of EUR 4.4m, from which the Indian cooperation partner was released by the CFO without Vestas’ management, the state-authorised public accountants or the company’s external lawyers subsequently being able to find any business-related explanation to this and
    • an investment of EUR 14.5m in a potential project in India.
      The management of the company in the Indian Group, to which the money was transferred (and which is group-related with the company that was released from the above-mentioned debt by the former CFO), has till now not been able, or willing to explain to Vestas which assets Vestas was supposed to have received in return for the transferred amount.
    • Secondly, by entering into these agreements the former CFO exceeded his powers as Group Executive significantly as he was not authorised to bind Vestas the way he did in these specific situations.

      The investigations made by the external auditors and lawyers have proven that neither the Board of Directors nor the Group President & CEO have been involved in or have had any knowledge of the mentioned transactions.

      Regarding the case, the chairman of the Board of Directors, Bert Nordberg, says:

      The Vestas Board wants to have all aspects of this case investigated and the missing money returned. We therefore first asked the company’s external lawyers and auditors to carry out a number of extensive investigations. These proved that neither the Board nor the Group President & CEO have been involved in or have had any knowledge of the mentioned transactions.

      However, the investigations were completed without the lawyers or the auditors being able to find any further clarification of what the money was spent on. On this background, the Board requested the Fraud Squad to initiate an investigation and at the same time, we informed the former CFO that the Board intends to hold him responsible for the losses which the company may suffer due to his transactions.

      The reason why we have not previously mentioned this development is merely out of consideration for the investigation,” says Bert Nordberg.

      Contact details

      Vestas Wind Systems A/S

      Morten Albæk
      Group Senior Vice President, Global MarCom & Corporate Relations
      Tel.: +45 4167 6569

      or

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

      Download pdf

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      13:20 - 23 May 2013

      Vestas receives 155 MW order in Mexico for IEnova’s first wind power plant in Mexico

      Vestas receives order for 47 V112-3.3 MW turbines for Mexico

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      Vestas receives order for 47 V112-3.3 MW turbines for Mexico

      With reference to the Vestas Wind System A/S company announcement No. 21 of 23 May 2013, Vestas has received a 155.1 MW order for Mexico.

      The project consists of 47 V112-3.3 MW – one of Vestas’ newly launched 3 MW product variants - which will be installed in the state of Baja California, Mexico. Turbines delivery will start in the third quarter of 2014, and the wind power plant is expected to be commissioned in the first quarter of 2015.

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

      The order has been placed by Energía Sierra Juarez, a unit of IEnova. IEnova, formerly Sempra Mexico, is the first energy company to be listed on the Mexican stock exchange and its footprint in Mexico ranges across several business segments including gas transportation, storage & distribution, liquefied natural gas and electricity generation.

      ”A month after releasing three new product variants of the 3 MW platform to the market, we are pleased to announce this order for the Energía Sierra Juarez wind power, the second worldwide to use the Vestas V112-3.3 MW turbines,” comments Juan Araluce, Chief Sales Officer of Vestas Wind Systems A/S, who concludes: “We welcome this project signature as it confirms our customers’ support and appreciation of our technology development strategy.”

      Adrian Katzew Corenstein, VP Sales Region Mexico, Caribbean and Central America, states: “We are proud to have been chosen as IEnova’s supplier for their first wind project. We are also very pleased to have the possibility to deliver one of our newest product variants to Mexico. With its 10 per cent increase in nominal power, the V112-3.3 MW will deliver greater energy production and an even stronger business case to IEnova, ensuring a lower cost of energy. We look forward to continuing to build our relationship with IEnova and help Mexico reaching its 35 per cent objective of renewable energy penetration by 2024, in which wind has been given a very pivotal role.”

      The Energía Sierra Juarez wind power plant will have an estimated annual production of more than 517,000 MWh, which will save the environment from more than 225,000 tons of CO2 emissions on an annual basis.

      About the 3 MW platform

      In August 2010, Vestas released the first turbine in its new 3 MW platform, the V112-3.0 MW turbine, which has been very well received by the market, resulting in an intake of firm and unconditional orders of more than 3 GW and more than 1.5 GW installed.

      Vestas has strategically focused on optimising the 3 MW platform technology to provide greater performance by expanding the platform to cover low, medium and high wind sites. Vestas will continue to optimise the technology of the platform moving forward.

      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 about 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.

      Contact details

      For media inquiries, please contact

      Velia Senatore
      Communications Partner, External Relations, GMCR, Italy
      Tel.: +39 099 460 6415

      Vestas receives 155 MW order in Mexico for IEnova’s first wind power plant in Mexico

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      13:15 - 23 May 2013

      Vestas receives 155 MW order in Mexico

      Vestas has received a firm and unconditional order for 47 V112-3.3 MW turbines for Mexico.

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      Vestas has received a firm and unconditional order for 47 V112-3.3 MW turbines for Mexico

      Additional information about the project:

      Customer: IEnova
      Project name: Energia Sierra Juarez
      Location/Country: Mexico
      Number of MW: 155.1 MW
      Number of turbines/turbine type 47 x V112-3.3 MW
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, a VestasOnline® Business SCADA solution as well as a five-year AOM 5000 service agreement.
      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 by the first quarter of 2015.

      Total year-to-date announced order intake in MW: 1,369 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 and CSO

      For more information or to arrange an interview with Juan Araluce, please contact:

      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 “News”.

      Download pdf

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      09:40 - 22 May 2013

      Information in the market regarding order in Mexico

      Information in the market regarding order in Mexico.

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      Information in the market regarding order in Mexico

      Today, there is information in the market regarding a 155 MW project in Mexico.

      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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      13:45 - 21 May 2013

      Engel encourages EU leaders to adopt 2030 climate and energy targets that will change the balance of incentives to favour green energy investments

      Vestas CEO Ditlev Engel conveys to EU leaders meeting in Brussels, “With the right policies, business and industry will make the investments, take the risks, and create the green growth, competitiveness and energy security that Europe needs. But the EU must act fast to create greater regulatory certainty.”

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      Vestas CEO Ditlev Engel conveys to EU leaders meeting in Brussels, “With the right policies, business and industry will make the investments, take the risks, and create the green growth, competitiveness and energy security that Europe needs. But the EU must act fast to create greater regulatory certainty.”

      If the EU hopes to reach its climate and energy objectives, it must promptly agree on binding post-2020 policy targets that will create the investment climate business needs to do its part. Regulatory uncertainty inhibits those investments. Vestas urges the EU to adopt a target of at least 30 per cent renewable energy and at least 40 per cent greenhouse gas emission reductions by 2030.

      Additionally, Vestas calls on the EU to end wasteful and counter-productive fossil fuel and nuclear subsidies and to fix the Emissions Trading System to ensure a carbon price robust and stable enough to drive investment decisions in favour of the green energy transformation the EU says it wants.

      According to Vestas CEO Ditlev Engel, “By 2030, Europe’s electricity system must be flexible, responsive and based on competitive renewable energy such as wind. The 2030 climate and energy policy is Europe’s chance to create a sustainable, secure and economically vigorous future.”

      Engel continues, “EU leaders should seize the opportunity to adopt 2030 policies that will change the balance of incentives to favour green energy investments. Thirty per cent renewable energy and 40 per cent greenhouse gas reduction targets will set the stage for business and industry to make the investments, take the risks, and create the green growth, competitiveness and energy security that Europe needs. But it’s a two-way street. An ambitious policy on climate and energy targets will drive investment. It’s time to act.”

      For more details on Vestas’ vision for Europe’s 2030 climate and energy policy, we invite you to click here.

      For more information, please contact:

      Michael Zarin Media & External 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’ 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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      18:20 - 15 May 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 installation of the 396 MW Mareña Renovables project in Mexico (ref. company announcement No. 14/2012 of 12 March 2012) has been delayed.

      Vestas can confirm that access to the project sites has continued to be impacted by minority opposition groups, which has caused significant delays in the construction of the project.

      Based on the delay, Mareña Renovables has today entered into a forbearance agreement with the project lenders until 30 July 2013, which they expect to be extended subject to certain milestones being achieved; and with Vestas until 30 November 2013.

      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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      08:30 - 08 May 2013

      Interim financial report, first quarter 2013

      Full-year guidance maintained. Turnaround continues according to plan. EBIT and free cash flow significantly improved.

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      Full-year guidance maintained. Turnaround continues according to plan. EBIT and free cash flow significantly improved.

      Summary

      Full-year guidance maintained. Turnaround continues according to plan. EBIT and free cash flow significantly improved.

      Vestas maintains its full-year guidance and the focus on cost reductions, low investments and increased capacity utilisation continues. In the first quarter of 2013, Vestas generated revenue of EUR 1,096m – a decrease of 1 per cent to the year-earlier period. EBIT before special items increased by EUR 96m to EUR (108)m. The EBIT margin before special items was (9.9) per cent – an improvement of 8.6 percentage points compared to the first quarter of 2012. The free cash flow increased by EUR 235m to EUR (60)m.

      The intake of firm and unconditional wind turbine orders was 644 MW in the first quarter of 2013 and the value of the wind turbine backlog amounted to EUR 7.0bn at 31 March 2013. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 5.4bn at the end of March 2013, and thus the value of the combined backlog of wind turbine orders and service agreements stood at EUR 12.4bn which equals the level at the end of 2012.

      Over the last 12 months, warranty consumption as a percentage of revenue was less than 1.5 per cent. The very low level is a result of the continued quality focus and the improved performance of the wind turbines.

      The safety level at Vestas’ workplaces improved substantially as the Industrial injuries per one million working hours declined by 36 per cent to 1.8 compared to the first quarter of 2012. The share of renewable energy increased by 14 percentage points to 58 per cent.

      It is satisfying to see that the Vestas turnaround continues according to plan and that results are becoming increasingly visible. Compared to the first quarter of 2012, we have improved earnings and free cash flow substantially,” says Ditlev Engel, Group President & CEO and continues: “Furthermore, the fact that we have been able to accelerate the prototype installation of the V164 turbine and release new variants of our 2 and 3 MW platforms while at the same time, keeping investments low stands as evidence of our efforts paying off.

      Finally, I would like to emphasise the importance of our increased focus on improving the management of our working capital. For the first time in five years, we were able to free up liquidity by reducing the net working capital during the first quarter. This development was the major contributor to our substantial free cash flow improvement,” Ditlev Engel concludes.

      Press and analyst meeting

      For analysts, investors and the media, an information meeting will be held today,

      Wednesday, 8 May 2013 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 (with simultaneous interpretation into Danish) 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 on vestas.com/investor.

      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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      11:15 - 30 Apr 2013

      First V112-3.0 MW onshore turbines for Belgium

      – Vestas wins order for 27 MW

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      – Vestas wins order for 27 MW

      Aspiravi NV and Limburg win(d)t order 3 V112-3.0 MW and 9 V90-2.0 MW turbines for wind power plants in Flanders

      Vestas is pleased to announce an order for 27 MW consisting of three units of the V112-3.0 MW and nine units of the V90-2.0 MW for wind power plants in Flanders, Belgium. The order has been placed by Aspiravi NV and Limburg win(d)t.

      The contract includes the supply, installation and commissioning of the turbines along with a 15-year full-scope service agreement (AOM 4000). The construction of the turbines for the wind power plants is expected to start end of 2013 and the projects are expected to be commissioned by the end of 2013 and the beginning of 2014.

      “We are currently operating about 50 Vestas wind turbines in Belgium and abroad and in these projects Vestas has demonstrated to be a partner for us more than purely a contractor. Vestas understands that high level project management combined with flexibility is required during the construction of a wind power plant together with reliable performance during operation. The fact that in 2012 we had already selected the Vestas V112 for the Northwind 216 MW offshore wind power plant proves that we believe in this wind turbine,” says Rik Van de Walle, Director of Aspiravi NV and Limburg win(d)t.

      “We are proud to announce the signature for 27 MW in Belgium, including the first three V112-3.0 MW turbines for this market,” states Hans Vestergaard, Senior Vice President Sales, Vestas Central Europe. “Further developing our long-term partnership with Aspiravi NV and Limburg win(d)t, one of the key players in the wind energy sector in Belgium, is part of our continuous efforts to meet our customers’ needs with efficient wind energy solutions. We are happy that Aspiravi NV and Limburg win(d)t demonstrate full confidence in the quality of our technology and the business case certainty we offer.”

      Introducing the V112-3.0MW turbine to the Belgian onshore market is yet another milestone in a string of firsts for the turbine. Since its introduction in August 2010, the V112-3.0 MW turbine has been well received by the market, resulting in a firm and unconditional order intake of more than 3 GW. Vestas has now expanded the 3 MW platform to include the V112-3.3 MW, the V117-3.3 MW and the V126-3.3 MW to cover the high, medium and low wind market segments.

      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 approximately 55 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas have installed turbines in 73 countries, providing jobs for approximately 18,000 passionate people at our service and project sites, research facilities, factories and offices all over the world.

      The headquarters of Vestas Central Europe is located in Hamburg. The business unit is responsible for the sales and marketing of wind power systems as well as for the installation and service 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

      First V112-3.0 MW onshore turbines for Belgium

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      08:00 - 25 Apr 2013

      Vestas ships first V112-3.0 MW offshore turbines to customer

      Vestas ships first ever V112-3.0 MW offshore turbines to the 48 MW Kaarehamn project in Sweden. The shipment consists of 16 turbines, all pre-assembled onshore at the harbour in Esbjerg, Denmark.

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      Vestas ships first ever V112-3.0 MW offshore turbines to the 48 MW Kaarehamn project in Sweden. The shipment consists of 16 turbines, all pre-assembled onshore at the harbour in Esbjerg, Denmark.

      Yesterday’s first ever shipment of V112-3.0 MW offshore turbines marks a significant milestone for Vestas in several ways.

      The shipment confirms Vestas’ strong presence in the offshore-market with the highly competitive V112-3.0 MW offshore specific turbine. It also marks the first shipment of offshore turbines based on Vestas’ industry leading pre-assembly concept where the offshore turbines are substantially assembled and pre-commissioned onshore. This new concept saves significant cost while reducing risk and ensuring faster installation at the offshore site.

      “We are very pleased to reach this milestone together with our customer. Shipping the first V112-3.0 MW offshore turbines from the Esbjerg harbour marks an important milestone for both the V112 offshore turbine and the pre-assembly concept,” says Senior Vice President, Vestas Offshore, Uffe Vinther-Schou.

      “Vestas has a strong presence in offshore, and we have competitive products and solutions on the shelf. The V112-3.0 MW offshore turbines deliver industry leading reliability, serviceability and availability under offshore conditions, and with our new pre-assembly concept, the cost of energy will be further reduced,” he says.

      Building offshore projects onshore drives down the cost of energy

      Vestas has developed an innovative approach to cut the cost of installing offshore turbines. At a new site at the port of Esbjerg, onshore pre-assembly of turbines means fewer expensive hours spent at sea.

      This will significantly reduce the cost associated with cranes and installation vessels – all contributing to lowering the cost of energy for offshore wind, explains Head of Pre-assembly for Vestas Offshore, Bo Bjerregaard. “Going forward, we want to assemble as much of our offshore projects onshore as possible,” he says.

      “Nacelles arrive in Esbjerg with hub and drivetrain mounted. Before arrival they have been tested as one unit in our production facilities. At the harbour, blades also arrive in plug-and-play mode from production. The towers will arrive in two sections and then be fully assembled at the harbour and put in up-right position on the installation vessel before shipment.”

      At the pre-assembly site, both nacelle and tower will be tested together before shipment to ensure a fast start-up offshore. Installation and commissioning will be a plug and play solution in order to reduce the costly offshore installation time.

      The shipment for the 48 MW project Kaarehamn project is the first of several offshore project to be shipped out of Vestas’ pre-assembly facilities in Esbjerg. During 2013 and 2014 Vestas will also ship 73 V112-3.0 MW turbines to the 219 MW Humber Gateway project as well as 72 V112-3.0 MW turbines for the 216 MW Northwind Offshore Wind Farm in Belgium.

      For more information, please contact:
      Mikkel Friis-Thomsen
      Media & External Relations
      Tel: +45 40983174
      Mail: mifit@vestas.com 

      The projects in this press release are with reference to projects announced in the following Company Announcements:

      28/10 2011: Vestas receives 267 MW offshore order

      28/6 2012: Vestas receives 216 MW offshore order in Belgium

      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 18,000 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 55 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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      16:40 - 24 Apr 2013

      Vestas receives 110 MW order in Chile

      Vestas has received a firm and unconditional order for 57 V100 turbines for Chile.

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      Vestas has received a firm and unconditional order for 57 V100 turbines for Chile

      Additonal information about the project:

      Customer: Empresas Públicas de Medellín E.S.P., Colombia
      Project name: Los Cururos
      Location/Country: Chile
      Number of MW: 109.6 MW
      Number of turbines/turbine type 22 x V100-1.8 MW and 35 x V100-2.0 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 AOM 4000 service agreement.
      Time of delivery Delivery of the wind turbines will begin in the third quarter of 2013 and the wind power plant is expected commissioned by the third quarter of 2014.

      Total year-to-date announced order intake in MW: 814 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 and CSO

      For more information or to arrange an interview with Juan Araluce, please contact:

      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 “News”.

      Download pdf

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      16:40 - 24 Apr 2013

      Vestas receives its largest order ever in Chile and strengthens its No. 1 position in the market

      Vestas receives its largest order ever in Chile and strengthens its No. 1 position in the market.

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      Vestas receives its largest order ever in Chile and strengthens its No. 1 position in the market.

      With reference to the Vestas Wind System A/S company announcement No. 17 of 24 April 2013, Vestas has received a 109.6 MW order for Chile.

      The project, which will be Vestas’ largest in Chile, consists of 22 V100-1.8 MW and 35 V100-2.0 MW wind turbines, which will be installed in Coquimbo region, Chile. The turbines are scheduled for delivery in the third quarter of 2013, and the wind power plant is expected to be commissioned in the third quarter of 2014.

      The contract for the Los Cururos wind power plant comprises delivery, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 10-year Active Management Output (AOM) 4000 service agreement.

      The order has been placed by Empresas Públicas de Medellín (EPM), a Colombian multi-utility focusing on power generation, transmission and distribution, natural gas distribution, wastewater treatment and telecommunications. The company's power segment has an installed base of 3,250 MW, equal to 23.5 per cent of the national installed capacity.

      “For our second wind power plant, we have chosen Vestas for its thirty-year experience, global track record and vast regional presence,” comments Juan Esteban Calle Restrepo, CEO of Empresas Públicas de Medellín, who continues, ”we are pleased with this new partnership and looking forward to a solid, mutually beneficial relationship with Vestas.”

      ”For us, this project represents our will to continue developing large wind power plants in South America over the next few years. As a pioneer developing the wind energy sector in this market, Vestas offers Empresas Públicas de Medellín more than 30 years of experience and world-leading wind turbine technology and services, making a clearly successful business case,” comments Juan Araluce, Chief Sales Officer of Vestas Wind Systems A/S.

      Miguel Picardo Troyano, VP Vestas South America (exc. Brazil), states: “Vestas is continuously looking for opportunities to be closer to the customers and to effectively adopt new products for the different markets. This project represents a step forward in Vestas’ expansion in South America, and specifically in Chile where we have installed more than 50 per cent of its more than 200 MW of wind capacity.”  

      The Los Cururos wind power plant will have an estimated annual production of more than 290,000 MWh, which will save the environment from more than 119,000 tons of CO2 emissions on an annual basis. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 550,500 people in Chile.

      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 18,000 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 55 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.

      Contact details

      For media inquiries, please contact

      Velia Senatore
      Communications Partner, External Relations, GMCR, Italy
      Tel.: +39 099 460 6415

      Vestas receives its largest order ever in Chile and strengthens its No. 1 position in the market

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      08:50 - 24 Apr 2013

      Vestas releases new 2 MW turbines to the market

      Vestas releases to the market two new variants of its workhorse 2 MW platform – the V100-2.0 MW and the V110-2.0 MW. Based on the 2 MW platform’s proven technology, the new turbines will streamline the product offerings for customers and increase annual energy production by at least 13% on medium- and low-wind sites.

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      Vestas releases to the market two new variants of its workhorse 2 MW platform – the V100-2.0 MW and the V110-2.0 MW. Based on the 2 MW platform’s proven technology, the new turbines will streamline the product offerings for customers and increase annual energy production by at least 13% on medium- and low-wind sites.

      “Vestas is continuously optimising our product portfolio to meet evolving market requirements,” says Chief Technology Officer Anders Vedel. “The new 2 MW turbines respond to customer demands for enhanced output from proven technology. Utilising the same core technology as the existing V100-2.0 MW, the new turbines will allow customers to exploit a wider range of lower wind sites.”

      “In concrete terms, this means customers will get an additional annual energy production of at least 13.6 % with the V110-2.0 MW compared to the V100-1.8 MW, and an additional 12.4% annual energy production on the V100-2.0 MW compared to the V90-1.8 MW,” finishes Anders Vedel.

      Optimising proven technology

      The V110-2.0 MW turbine will be equipped with a 54m structural shell blade, which requires significantly lower capital investment to manufacture and can be outsourced for third-party production if Vestas chooses to do so in specific markets.

      The V100-2.0 MW will be available for medium wind speed (IEC 2B) sites and the V110-2.0 MW will be offered for low wind (IEC 3A) sites. Both turbines will be available in 50 and 60 Hz versions.

      The prototype for the V110-2.0 MW will be installed in Denmark in Q1 2014 and serial production of both the V100-2.0 MW and the V110-2.0 MW will commence in Q2 2014 and Q4 2014 respectively.

      Download 2 MW platform brochure here.

      For more information, please contact:

      Matt Whitby External Communication Partner
      Tel: +45 2250 7131
      E-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’ 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 18,000 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 55 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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      08:55 - 23 Apr 2013

      Vestas signs renewal of offshore service contract for 120 MW with Eneco in the Netherlands

      Vestas signs renewal of service contract for 120 MW with Eneco in the Netherlands

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      Vestas signs renewal of service contract for 120 MW with Eneco in the Netherlands

      (With reference to Vestas Wind Systems A/S’ company announcement No. 16/2013 of 23 April 2013).

      Vestas has signed a 10-year extension of the service contract for Eneco’s wind power plant Prinses Amaliawindpark (PAWP) in the Netherlands. The contract has a total capacity of 120 MW comprising 60 units of the V80-2.0 MW wind turbine.

      The contract is a 10-year service agreement extension with Vestas’ latest Active Output Management (AOM) 5000 service option. Consisting of scheduled and unscheduled maintenance, the AOM 5000 introduces an energy-based guarantee, which ensures the turbines are fully operational when the wind is blowing. Thus, Vestas guarantees the customer an energy-based availability through a challenging capture ratio of the available wind energy for each site covered minimising the wind power plants’ lost production.

      “We are very pleased that Eneco has shown their satisfaction with our service the past five years by extending this contract with another 10 years,” comments Flemming Ougaard, Chief Operating Officer of Vestas Offshore, who continues: “We will continue to deliver at our best to consolidate this long-lasting partnership even more.”

      Contact details

      For further information, please contact
      Mikkel Friis-Thomsen
      Vestas Wind Systems A/S
      Tel.: +45 4098 3174

      Vestas signs renewal of offshore service contract for 120 MW with Eneco in the Netherlands

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      08:50 - 23 Apr 2013

      Vestas receives a 10-year service contract renewal for 120 MW

      Vestas has received a service contract renewal for the wind power plant Prinses Amaliawindpark in the Netherlands for a total capacity of 120 MW.

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      Vestas has received a service contract renewal for the wind power plant Prinses Amaliawindpark in the Netherlands for a total capacity of 120 MW

      Additional information:

      Customer: Eneco, the Netherlands
      Project name: Prinses Amaliawindpark
      Location/Country: The Netherlands
      Number of MW/turbines: 120 MW / 60 x V80-2.0 MW turbines
      Duration of service contracts: 10 years
      Contract scope: The service contract includes Vestas’ Active Output Management (AOM) 5000 service option (year 6-16) with a 95 per cent energy-based availability guarantee.

      Contact details:

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

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

      Download pdf

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      11:55 - 18 Apr 2013

      Vestas receives an order for 24 V100-2.6 MW wind turbines in Italy

      Vestas has received an order for 24 V100-2.6 MW wind turbines, based on one of the most proven platforms in the industry - the 3.0 MW platform, for the Gravina-Poggiorsini wind power plant in Puglia, Italy.

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      Vestas has received an order for 24 V100-2.6 MW wind turbines, based on one of the most proven platforms in the industry - the 3.0 MW platform, for the Gravina-Poggiorsini wind power plant in Puglia, Italy.

      Vestas has received an order for 24 V100-2.6 MW wind turbines, based on one of the most proven platforms in the industry - the 3.0 MW platform, for the Gravina-Poggiorsini wind power plant in Puglia, Italy.

      The wind turbines are scheduled to be delivered in the third quarter of 2013, and to be commissioned by the end of the year.

      The contract for the Gravina-Poggiorsini wind power plant includes supply, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA system as well as a five-year service and maintenance agreement.

      The order has been placed by Nuova Energia S.r.l., a special purpose company of FRI-EL Green Power S.p.A. (FRI-EL).

      FRI-EL highly specialised in the production and sale of energy from renewable sources, has a total generating capacity of 505 MW with wind representing the predominant energy source followed by biomass and biogas.

      “Investing in new wind technology reinforces our commitment to the country’s renewable energy agenda, our will to grow further and ensure our wind power plants are more efficient,” states Josef Gostner, CEO of FRI-EL Green Power S.p.A, who concludes: “That is why for this new project we partnered with Vestas, as we are fully confident in its high performing and efficient wind power generating solutions.”

      Rainer Karan, General Manager, Vestas Italia, continues: “The third contract that we signed under the newly introduced auction system is another step in the long and successful journey Vestas began in Italy in 1998, which has resulted in more than 3 GW of wind capacity installed in the country. Through our long-standing partnership with FRI-EL that dates back to 2001 we are committed to further develop the wind energy sector in the country.”

      “This order confirms Vestas’ leading position in the Italian market and the trust our customers have in our product portfolio and the continuous optimisation Vestas carries out to offer them the most reliable power generating solutions,” concludes Juan Araluce, Chief Sales Officer, Vestas Wind Systems A/S.

      The Gravina-Poggiorsini wind power plant project will have an estimated annual production of more than 140,000 MWh 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 123,000 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’ 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 18,000 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 55 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.

      Vestas in Italy

      Vestas has been operating in the Italian market since 1998 through the company Vestas Italia which is the sales unit in Vestas Mediterranean handing all sales operations and maintenance activities in Italy. The Italian sales unit is also responsible for the business development activities in the markets of 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. In addition, Vestas has two production facilities for blades and nacelles in Taranto.

      About FRI-EL Green Power

      FRI-EL Green Power specialises in the production and sale of electrical energy obtained from renewable sources. In particular, FRI-EL Green Power is one of the most important Italian companies in the field of production of renewable energy from wind, biogas and biomass. The company deals with all the steps leading to the implementation of the project: from research, development, planning, search for funding and financial resources, building and activation of the sites, production and sale of electricity coming from renewable sources.

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

      Vestas receives an order for 24 V100-2.6 MW wind turbines in Italy

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      09:30 - 18 Apr 2013

      From big data to big business – Vestas wins Danish Internet Award

      Turning big data into solutions that add value for the customers is a priority for Vestas. Wednesday, the Danish turbine manufacturer was recognised for its digital efforts, when its VestasOnline concept was awarded three times at the Danish Internet Awards 2013.

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      Turning big data into solutions that add value for the customers is a priority for Vestas. Wednesday, the Danish turbine manufacturer was recognised for its digital efforts, when its VestasOnline concept was awarded three times at the Danish Internet Awards 2013.

      Vestas took first prize within the categories “Digital Business Development” as well as “Data Application”. Furthermore, Vestas was awarded the jury’s special award, the “Pioneer Prize”, for creating a positive, forward looking image of e-business. Winning not only one but three digital business awards underlines the Danish turbine makers’ ability to make innovative digital solutions in order to create added value for both Vestas’ customers and the company itself.

      The key is Vestas’ advanced utilisation of big data. Based on the company’s “Firestorm” supercomputer, Vestas constantly gathers data about wind, weather and the real-time performance from almost 25,000 turbines all over the globe. Through the digital platform VestasOnline, developed in collaboration with digital agency Creuna, these massive amounts of complex information are made available to Vestas’ customers in the form of user-friendly online-applications such as VestasOnline PowerForecast and VestasOnline WeatherForecast (see factbox).

      “With VestasOnline, we have commercialised our use of big data and converted this part of our business into important knowledge and useful services for our customers. VestasOnline makes it possible for our customers to optimise the revenue generated through better predictability of the power output,” says Christian Frederiksen, Vice President for Global MarCom & Corporate Relations and responsible for Vestas eBusiness.

      To Morten Albæk, Group Senior Vice President for Global MarCom & Corporate Relations, big data is also vital for Vestas in another way.

      “In a market characterised by increased competition, digital services can be the decisive factor. Intelligent use of big data enables us to offer our customers some unique services that will improve their investments in wind,” Morten Albæk explains.

      Factbox:

      VestasOnline PowerForecast gives the customers an overview of the forecasted power generation of their wind power plant. This means that the customers can better estimate the amount of electricity they have at their disposal and will be able to sell on the energy market.

      VestasOnline WeatherForecast makes it possible to plan maintenance of the wind turbine at times when it affects power production the least. For the customer, it means less downtime and thereby improved return on investment. For Vestas, it is a new and highly important tool that makes its growing service business even more effective and profitable.


      For further information, please contact:

      Mikkel Friis-Thomsen
      Head of DK Media Relations
      Group MarCom & Corporate Relations
      mifit@vestas.com 
      Mob: +45 4098 3174

      About Vestas Wind Systems A/S

      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 approximately 55 million tons of CO2 every year, while at the same time building energy security and independence.

      Today, Vestas has delivered wind energy in more than 70 countries, providing jobs for around 18,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 65 per cent more megawatts installed than our closest competitor and more than 55 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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      08:35 - 15 Apr 2013

      Vestas appoints new Chief Financial Officer

      Vestas Wind Systems A/S appoints Marika Fredriksson as new Chief Financial Officer (CFO) and member of the Executive Management. She succeeds Dag Gunnar Andresen who unfortunately has decided to leave the company by the end of this month due to personal reasons.

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      Vestas Wind Systems A/S appoints Marika Fredriksson as new Chief Financial Officer (CFO) and member of the Executive Management. She succeeds Dag Gunnar Andresen who unfortunately has decided to leave the company by the end of this month due to personal reasons

      Vestas Wind Systems A/S appoints Marika Fredriksson as new Chief Financial Officer (CFO) and member of the Executive Management. Marika Fredriksson, a Swedish national, will take up the position as CFO of Vestas on 1 May this year. She succeeds Dag Gunnar Andresen who unfortunately has decided to leave the company by the end of this month due to personal reasons.

      Marika Fredriksson has extensive experience in the role as CFO with 15 years in various industries and companies such as Gambro (2009-2012), Autoliv (2008-2009) and Volvo Construction Equipment (1996-2008). Over the years, Marika Fredriksson has also successfully participated in turnaround processes, change management and M&A. Marika Fredriksson has gained international experience by managing change programs in various parts of the world as well as key acquisitions in Korea, the USA and China. She holds a Masters’ degree from the Swedish School of Economics in Helsinki where she lived during three years.

      I would like to thank Dag Andresen for his important contribution to Vestas. At the same time, I am very pleased that we have managed to find an excellent new CFO in Marika Fredriksson, who will be joining Vestas on 1 May 2013. I am certain that she has the right competences, commitment and cultural fit into our Executive Management team,” says Group President & CEO, Ditlev Engel.

      In Marika Fredriksson we have found a new CFO with the calibre and capabilities addressing Vestas’ needs. I would like to thank Dag Andresen for his contribution to the company during the past year,” says Chairman of the board of Vestas Wind Systems A/S, Bert Nordberg.

      With the appointment of the new CFO, the Executive Management team at Vestas Wind Systems A/S consists of Ditlev Engel (Group President & CEO), Anders Vedel (Chief Turbines Officer), Juan Araluce (Chief Sales Officer), Jean-Mark Lechêne (Chief Operating Officer) and Marika Fredriksson (Chief Financial Officer).

      Contact details

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

      or

      Morten Albæk, Group Senior Vice President,
      Global MarCom & Corporate Relations
      Tel.: +45 4098 3174

      Download pdf

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      08:25 - 12 Apr 2013

      Largest wind farm in Southern Hemisphere officially opens

      Australia’s 420 MW Macarthur Wind Farm, largest in the Southern Hemisphere, featuring Vestas V112-3.0 MW turbines officially opens today. Vestas CEO Ditlev Engel participates in the event, which includes leading Australian state and federal government officials.

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      Australia’s 420 MW Macarthur Wind Farm, largest in the Southern Hemisphere, featuring Vestas V112-3.0 MW turbines officially opens today. Vestas CEO Ditlev Engel participates in the event, which includes leading Australian state and federal government officials.

      Owned by Australian-based AGL Energy and New Zealand-based Meridian Energy, the Macarthur Wind Farm is a genuinely global construction, engineering, and technology project, with equipment and personnel coming together from four continents. Vestas and Leighton Contractors combined to deliver the logistically complex, AUD $1 billion Macarthur Wind Farm three months ahead of schedule.

      With the Macarthur project, Vestas has installed more than 50 per cent of the cumulative wind energy capacity in Australia. When the 168 MW Musselroe project comes online later this year, that number will rise to almost 60 per cent.

      “Vestas is strongly committed to the Australian market and very pleased to have such good working relations with our key customers here,” says Vestas CEO Ditlev Engel. “Australia is now enjoying the benefits of large-scale clean energy investment and jobs, thanks to its Renewable Energy Target. Bipartisan support for this policy is a crucial element in creating the long-term business certainty to make billion dollar investments like the Macarthur project a reality.”

      The Macarthur project was the first to purchase the Vestas V112-3.0 MW wind turbine. AGL Managing Director & CEO Michael Fraser says, “The V112-3.0 MW is the perfect solution to meet our need for a highly-productive and cost-effective turbine for the medium wind speeds on the project site.”

      Macarhur wind farm development video:

      For more information, please contact:

      Michael Zarin
      Media & External 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’ 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 18,000 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 55 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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      14:35 - 10 Apr 2013

      Vestas receives 72 MW order in Romania

      36 V90-2.0 MW turbines for the Topolog Dorobantu wind power plant

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      36 V90-2.0 MW turbines for the Topolog Dorobantu wind power plant

      Vestas has received a firm and unconditional order for 72 MW (with an option for another 12 MW) for Romania. The 36-turbine order constitutes the first part of a project consisting of a total of 42 V90-2.0 MW wind turbines to be installed in Tulcea County in Romania. Delivery of the first 36 turbines is planned for the second half of 2013.

      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 1,232 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 Topolog project is one of the largest projects 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 contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution.

      “We are pleased to receive the Topolog order from LUKERG Renew. This wind energy project marks another important milestone in further developing the promising Romanian wind market, and we are happy to support our customer’s business case with our 30 years of wind energy experience and state-of-the-art wind energy solutions,” says Thomas Richterich, President of Vestas Central Europe.

      “The Topolog order will contribute to Romania meeting its ambitious targets as detailed in its National Renewable Energy Action Plan. Furthermore, with this order Vestas reinforces its position in the Romanian market as a leading player with the strongest local presence and the largest operational fleet. This is Vestas’ first project with LUKERG Renew in Romania and it shows their confidence in Vestas’ capabilities to handle large projects in an important emerging market for renewable energy,” says Catalina Dragomir, Managing Director of Vestas CEU Romania.

      “This project confirms that Romania has become a leading wind energy market in the region. Vestas looks forward to Romanian authorities promptly clarifying the future policy framework. Such a framework should allow managing short-term electricity price concerns while preserving the feasibility of investments, such as this project,” says Juan Araluce, Chief Sales Officer of Vestas Wind Systems A/S.

      The complete Topolog wind power plant will produce more than 200 GWh per year, which corresponds to an annual saving of almost 110,000 tons of CO2 emissions. Furthermore, it will provide enough electricity to cover the residential electricity consumption of more than 60,000 Romanian households.

      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 approximately 55 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 18,000 passionate people at our service and project sites, research facilities, factories and offices all over the world. 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 72 MW order in Romania

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      16:25 - 08 Apr 2013

      Major shareholder announcement – Marathon Asset Management LLP

      Major shareholder announcement – Marathon Asset Management LLP.

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