Activities and order backlog
In the first quarter of 2011, Vestas shipped wind power systems with an aggregate output of 634 MW (358 turbines) against 387 MW (178 turbines) in the first quarter of 2010. Final capacity delivered to the customers amounted to 864 MW, an increase of 14 per cent from the first quarter of 2010.
| Europe and Africa |
Americas | Asia Pacific |
Total | |
| MW under completion , 1 January 2011 | 1,246 | 291 | 447 | 1,984 |
| MW delivered to customers in the period | (516) | (163) | (185) | (864) |
| MW produced and shipped in the period | 260 | 173 | 201 | 634 |
| MW under completion, 31 March 2011 | 990 | 301 | 463 | 1,754 |
At the end of the quarter, turbine projects with a total output of 1,754 MW were under completion. The quarterly order intake was 630 MW, of which 54 per cent has been announced publicly.
The order intake was weaker than expected. This was principally due to extended public hearings, waiting time for financing and postponement of final approvals of the many projects which Vestas is currently negotiating.
The order backlog amounted to 7,352 MW at the end of March 2011. Europe and Africa accounted for 59 per cent and the Americas and Asia Pacific accounted for 29 and 12 per cent, respectively. The value of the order backlog, which amounted to EUR 7,2bn at the end of March 2011, was negatively influenced by around EUR 200m due to exchange rate adjustments.
