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Company News

    • 22:52 - 11 Feb 2016

      Vestas receives 200 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 100 V110-2.0 MW turbines, totalling 200 MW.

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      Vestas has received a firm and unconditional order in the USA for 100 V110-2.0 MW turbines, totalling 200 MW.

      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: 200 MW
      Number of turbines/turbine type 100 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a five-year customised Active Output Management service agreement.
      Time of delivery Delivery of the wind turbines is expected in third quarter of 2016, with commissioning expected in fourth quarter of 2016.     

      Total year-to-date announced order intake in MW: 318 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

       

      Close article
      08:30 - 09 Feb 2016

      Annual report 2015

      Yet another year with strong financial and operational results

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      Yet another year with strong financial and operational results

      Summary: For full-year 2015, revenue amounted to EUR 8.4bn, EBIT margin before special items was 10.2 percent, total net investments was EUR 425m, and the free cash flow amounted to EUR 1,047m. This is largely in line with the latest expectations to revenue of EUR 8.0bn-8.5bn, EBIT margin before special items of 9-10 percent, total investments of approx EUR 400m, and free cash flow around EUR 750m-950m. The activity level and earnings of the period were driven by the stable execution of strong order books for wind turbines and service, both of which continued to grow during the year as a result of solid execution and a favourable market environment.

      The wind turbine order intake increased from 6,544 MW in 2014 to 8,943 MW in 2015 and the value of the service order backlog increased by EUR 1.9bn to EUR 8.9bn.

      For 2016, Vestas expects revenue to amount to minimum EUR 9bn including service revenue, which is expected to grow. Vestas expects to achieve an EBIT margin before special items of minimum 11 percent with the service EBIT margin remaining stable.

      Total net investments are expected to amount to approx EUR 500m (incl. the acquisition of Availon Holding GmbH), and the free cash flow is expected to be minimum EUR 600m (incl. the acquisition of Availon Holding GmbH) in 2016.

      As a result of the strong performance during the year, the Board of Directors recommends to the Annual General Meeting that a dividend of DKK 6.82 per share, compared to DKK 3.90 last year, and equivalent to 29.9 percent of the net profit for the year, be distributed to the shareholders.

      “In 2015, we executed well on our profitable growth strategy, delivering strong financial and operational results across the board and across the globe. Vestas met or exceeded its full-year 2015 guidance on revenue, EBIT margin, and free cash flow; and delivered double-digit margins and its highest ever net profit. We also secured our highest ever order intake, doing so across 34 countries on five continents, which bodes well for continued high activity levels in 2016. The 20,507 Vestas employees deserve special thanks for the tremendous efforts everyone has made to create these very positive results for the company and our shareholders,” says Anders Runevad, Group President & CEO.

      Information meeting (audiocast)
      On Tuesday, 9 February 2016 at 10 a.m. CET (9 a.m. GMT), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor.

      The meeting will be held in English and questions may be asked through a conference call. The telephone numbers for the conference call are:

      Europe:  +44 203 008 9814
      USA:   +1 646 722 4898
      Denmark:  +45 3544 5576

      Further details at vestas.com/en/investor. 

      Presentation material for the information meeting will be available approx one hour before the meeting at vestas.com/en/investor.

      Contact details
      Vestas Wind Systems A/S, Denmark

      Investors/analysts:
      Hans Martin Smith, Senior Vice President, Investor Relations, Tel: +45 9730 8209

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

       

      Download Annual report 2015 (pdf)

      Download Company announcement (pdf)

      Download Shareholder information 01/2016 (pdf)

      Close article
      10:04 - 04 Feb 2016

      Vestas wins 36 MW order in Ireland

      IMPAX Asset Management has placed a firm and unconditional order for 11 units of Vestas’ V112-3.3 MW wind turbine, demonstrating the strength of Vestas’ 3 MW platform in Ireland.

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      IMPAX Asset Management has placed a firm and unconditional order for 11 units of Vestas’ V112-3.3 MW wind turbine, demonstrating the strength of Vestas’ 3 MW platform in Ireland.

      Reinforcing Vestas’ competitiveness in Ireland, the 3 MW platform is particularly well-suited for the Irish market, as it meets the country’s demanding grid connection requirements. The 36 MW order for the Glanaruddery wind farm in County Kerry includes delivery, installation, and commissioning as well as a 12-year Active Output Management (AOM) 5000 service agreement.

      “We are pleased to see the continued market confidence in our V112-3.3 MW turbine in Ireland. This order emphasises the versatility of Vestas’ product portfolio and our ability to create the best possible solutions for our customers every time”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      Victor Juttmann, Director, Impax Asset Management says that “This is our fifth project in partnership with Vestas, and we are happy to build on our strong relationship with them. The V112-3.3 MW turbine meets the stringent local requirements, and we believe that it is the most suitable turbine for the wind resources at this particular site”.

      Ryan Cameron, Director, Impax Asset Management adds that "We think that the growth of the industry will be underpinned by the successful implementation of these next generation turbines. Therefore, this order is an important milestone clearly demonstrating our long-term commitment to the wind energy market in Ireland”.

      Delivery and installation are expected in the third quarter of 2016 with commissioning expected in the fourth quarter of 2016.

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      Email: kroch@vestas.com

      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images

      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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 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:

      About Impax Asset Management
      Founded in 1998, Impax Asset Management is dedicated to investing in resource efficiency and environmental markets created by resource scarcity and the demand for cleaner, more efficient products and services.  Impax, which employs 28 investment professionals and a similar number of support staff, has offices in London, Hong Kong, New York and Portland (Oregon).  The firm manages or advises on approximately £3.1 billion (as at 31.12.2015.) for investors globally across listed and private markets strategies.

      The company’s private equity infrastructure funds follow an operationally focused, value-add strategy, investing in renewable power generation and related assets throughout Europe.

      Download the press release (PDF) here

       

      Close article
      10:10 - 28 Jan 2016

      Vestas strengthens competitiveness in Sweden with 26 MW order

      Long-term Vestas customer, Eolus Vind AB, has placed a firm and unconditional order for eight V126-3.3 MW wind turbines, confirming the competitive cost of energy of the Vestas 3 MW platform in the Swedish market.

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      Long-term Vestas customer, Eolus Vind AB, has placed a firm and unconditional order for eight V126-3.3 MW wind turbines, confirming the competitive cost of energy of the Vestas 3 MW platform in the Swedish market.

      The 26 MW order for the Kristinehamn-Långmarken wind project comes at a time of low electricity and green certificate prices in Sweden, which further emphasises the cost-competitiveness of Vestas’ wind turbine technology. 

      Per Witalisson, CEO, from Eolus says that “We are very pleased once again to work with Vestas on a Swedish wind project. We are especially satisfied with Vestas’ ability to deliver on all parameters – quality, performance, and cost of energy – the combination of which makes a strong business case”.

      “This order is an example of how we together with our long-term customer, Eolus, can develop the right wind turbine solution in a market that is stable but with relatively low power prices. It is once again proof that investments in Vestas wind energy solutions are highly competitive, also when power and green certificate prices are low”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      The 26 MW order includes delivery, installation, and commissioning as well as a five-year Active Output Management (AOM) 5000 service agreement. Delivery is expected to begin in the third quarter of 2016.

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      Email: kroch@vestas.com

      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images

      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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 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:

      About Eolus
      Eolus Vind AB is one of the leading wind power developers in Sweden. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries to both local and international investors. Founded in 1990, Eolus has constructed 484 wind turbines of the approximately 3,100 wind turbines operating in Sweden. The Eolus Group currently owns an installed capacity of 42 MW and a yearly electricity production of 98 GWh. Eolus operates approximately 300 MW for customers and the company itself.

      Eolus Vind AB has approximately 4,100 shareholders. Eolus shares are listed at NASDAQ Stockholm.
       
      For more information about Eolus, please visit www.eolusvind.com.  

      Download the press release (PDF) here 

      Close article
      17:26 - 20 Jan 2016

      Vestas to acquire Germany-based independent service provider Availon

      The acquisition strengthens Vestas’ capabilities to service a broad range of wind turbine technologies.

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      The acquisition strengthens Vestas’ capabilities to service a broad range of wind turbine technologies.

      Vestas has today agreed to acquire Availon, a leading European independent service provider headquartered in Rheine, Germany, with approx 400 employees and a total capacity of more than 2.6 GW currently under service. Availon’s core market is Germany, while the company also has notable service activities in Austria, Italy, Portugal, Spain, Poland and the United States.

      The transaction is subject to customary closing conditions, including approval from relevant competition authorities. Closing is expected to take place in the first quarter of 2016.

      “Acquiring Availon is a natural next step in accelerating Vestas’ profitable growth strategy in the service business. Size and scale matter and the acquisition strengthens our capabilities to service most major turbine technologies and to capture market shares. Availon is a solid strategic fit and a great complement to our recent acquisition of UpWind Solutions in the United States”, says Group Senior Vice President Christian Venderby, Vestas Global Service. 

      We are very pleased to welcome Availon and our new colleagues to the Vestas organisation”, says Nils de Baar, President of Vestas Central Europe. “Germany is our largest market in Europe, and Availon’s strong performance here and elsewhere will expand our joint service portfolio and bolster our position as a leading global service partner. I look forward to working with Availon’s highly professional management team and to ensuring that we execute and expand our combined order backlog”. 

      “Vestas and Availon share the same values in terms of safety, quality, customer satisfaction and reaching the highest availability possible. Combining forces will contribute to our jointly becoming the preferred fleetwide service partner for a wider range of customers and turbine technologies. We look forward to becoming part of such a passionate and forward-looking organisation”, says Availon’s CEO Ulrich Schomakers.

      The acquisition price for Availon is EUR 88.0 million on a debt and cash free basis. The consideration will be paid in cash from readily available sources. For 2015 Availon is on a stand-alone basis expected to report consolidated revenues of EUR 59.8 million, normalised EBITDA of EUR 5.2 million and total assets of approx EUR 33.3 million. Availon will be included in Vestas’ financials from the time of closing.

      Contact details

      Hans Martin Smith, Senior Vice President, Investor Relations
      Vestas Wind Systems A/S, Denmark
      Tel:  +45 9730 8209

      For more information, or to arrange an interview with Christian Venderby or Nils De Baar, please contact:

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

      Download Company announcement (pdf)

      Close article
      13:08 - 20 Jan 2016

      Vestas receives its first order in Poland in 2016

      Vestas continues its momentum in Poland with a 56 MW order placed by Energix Renewable Energies Ltd. for the extension of the Kozielice wind park.

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      Vestas continues its momentum in Poland with a 56 MW order placed by Energix Renewable Energies Ltd. for the extension of the Kozielice wind park.

      Vestas is further strengthening its leading position in the important northern European Polish market, winning a firm and unconditional order for 18 V100-2.0 MW and 10 V110-2.0MW wind turbines for the Kozielice II wind park. The order is placed by Wiatromil Sp. z o.o. a fully owned subsidiary of Energix-Renewable Energies Ltd. 

      The order includes delivery, installation, and a 15-year Active Output Management (AOM) 5000 service agreement. Commissioning is expected to be finalised by the end of the second quarter of 2016.

      Asa Levinger, CEO of Energix, said “Based on our previous experience with Vestas, we value the high product quality and reliability of Vestas’ 2 MW platform as well as Vestas’ track record for on-time installations. We are pleased to further strengthen our relationship with Vestas for this project and potentially for other projects of Energix Group in Poland and in other places”.

      “We are very pleased to carry our momentum into 2016 with the order for Kozielice II. In 2015 we installed more than 750 MW of turbines in Poland while meeting strict project deadlines. This order shows that our customers continuously trust our ability to deliver a strong business case within a short period of time”. says Klaus Steen Mortensen, President, Vestas Northern Europe.

      The Kozielice II wind farm is an extension of the 50 MW Kozielice wind farm, constructed in 2015 with turbines from Vestas’ 2 MW platform.

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      Email: kroch@vestas.com

      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images

      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 55,700 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 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 71 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:

      Download press release (PDF) here

      Close article
      21:45 - 19 Jan 2016

      Vestas inaugurates factory in Brazil

      As part of its local production strategy, Vestas has inaugurated its hub and nacelle factory in Aquiraz, Brazil, at a ceremony attended by the Governor of Ceará, Camilo Santana, and key stakeholders from the Brazilian wind energy sector.

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      As part of its local production strategy, Vestas has inaugurated its hub and nacelle factory in Aquiraz, Brazil, at a ceremony attended by the Governor of Ceará, Camilo Santana, and key stakeholders from the Brazilian wind energy sector.

      The new factory is part of Vestas’ plans to meet the increasing production demands in Brazil and Latin America, including the 376 MW of announced orders for projects in Brazil that Vestas received in 2015. In accordance with recent BNDES approval, Vestas expects to localise 70 percent of hub and nacelle manufacturing for the Brazilian market. 

      Speaking at the inauguration, Rogério Zampronha, General Manager for Vestas Brazil, said “With some of the best wind resources in the world, Brazil has a huge potential for wind power and remains one of Vestas’ key strategic markets. Our investment in this factory is a key part of providing our customers a strong business case here and underlines Vestas’ competitiveness in Brazil”.

      The factory will produce hubs and nacelles for the V110-2.0 MW turbine model, recently awarded the “Wind Turbine of 2015” under its category “Onshore wind turbines up to 2.9 MW”.

      In addition to the factory, Vestas has agreements with Aeris to produce blades and with ABB to produce generators locally and currently maintains 13 wind farms in Brazil, including the Xangri-lá (RS) wind farm which produces electricity for the Honda car manufacturing facility located in Sumaré, São Paulo.

      Vestas has been present in the Brazilian market since 2000 and has since then installed 364 wind turbines that represent a total installed capacity of 713 MW.

      For more information, please contact:
      Irene Rodriguez Alvarez
      Communication Partner, Vestas Mediterranean
      Tel.: +34 91 362 8113
      Email: irral@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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 71 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.instagram.com/vestas
      • https://plus.google.com/+vestas

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images

      Download this press release (PDF) here.

      Close article
      00:22 - 16 Jan 2016

      Vestas receives a 15-year service contract extension for 570 MW in the USA 

      Vestas has received a 15-year extension to a service agreement for four wind power plants in California, with a total capacity of 570 MW.

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      Vestas has received a 15-year extension to a service agreement for four wind power plants in California, with a total capacity of 570 MW.

      Additional information:

      Customer: NRG
      Project name: Alta II, III, IV, and V
      Location/Country: Mojave, California
      Number of MW/turbines: 570 MW/ 190 x V90-3.0 MW turbines
      Duration of service contracts: 15 years
      Contract scope: The service contract encompasses the Vestas Active Output Management 5000.

      Contact details:

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

      Download Company announcement (pdf)

      Close article
    • 10:50 - 31 Dec 2015

      Vestas wins 76 MW project in South Korea

      Vestas has received a firm and unconditional order for 22 V112-3.45 MW turbines from Hanwha E&C, one of the largest development and construction firms in Korea.

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      Vestas has received a firm and unconditional order for 22 V112-3.45 MW turbines from Hanwha E&C, one of the largest development and construction firms in Korea.

      The project will be Hanwha E&C’s first wind park and Vestas’ third announced order in South Korea this year.  The order for the YEP project, located in Young Yang in the eastern part of the country, will be South Korea’s largest wind park in the last 10 years.  Delivery and commissioning are expected in 2017. Vestas will be responsible for the supply of wind turbines and supervision of installation.

      "The YEP project is a significant and symbolic development for South Korea’s renewable energy market,” says Jung Maeng Hwa, General Manager of Hanwha E&C. “We are pleased to partner with Vestas on the YEP project and convinced that Vestas’ vast knowledge of wind energy and their proven 3 MW platform will ensure a strong business case throughout the project’s entire lifetime”.

      “We welcome Hanwha E&C as a customer and are proud they have chosen our proven 3 MW platform for the YEP project”, says Danny Nielsen, Head of Vestas Pan-Asia. “The project is our third order in South Korea in 2015 and demonstrates our ability to provide competitive cost of energy anywhere the wind conditions allow.”

      The project includes a 15-year Active Output Management 4000 service contract in which Vestas guarantees a defined level of availability and performance, and a SCADA VestasOnline Business for data-driven monitoring and preventive maintenance.

      Vestas has an installed capacity of 225 MW in South Korea, accounting for about half of the total wind energy capacity in the country.

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images
       
      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.instagram.com/vestas
      • https://plus.google.com/+vestas

      Download press release (pdf)
       

      Close article
      10:07 - 31 Dec 2015

      Vestas receives 90 MW order in Brazil

      Vestas has received a firm and unconditional order in Brazil, consisting of 45 V110-2.0 MW turbines, with a total capacity of 90 MW.

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      Vestas has received a firm and unconditional order in Brazil, consisting of 45 V110-2.0 MW turbines, with a total capacity of 90 MW.

      Additional information about the project:

      Customer: Not disclosed at the customer’s request.
      Project name: Not disclosed at the customer’s request.
      Location/Country: State of Bahia, Brazil
      Number of MW: 90 MW
      Number of turbines/turbine type 45 x V110-2.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract covers supply, installation and commissioning of the wind turbines.
      Time of delivery Turbine delivery is planned for the fourth quarter of 2016, with commissioning expected in 2017.

      Total year-to-date announced order intake in MW: 8,023 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President 

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

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

      Download company announcement (pdf)

      Close article
      13:45 - 30 Dec 2015

      Vestas receives its first order for the new V136-3.45 MW

      The order for a 117 MW wind project in Finland affirms the high expectations for the V136-3.45 MW turbine, which was launched in September 2015.  

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      The order for a 117 MW wind project in Finland affirms the high expectations for the V136-3.45 MW turbine, which was launched in September 2015.

      With reference to the Vestas Wind Systems A/S company announcement No. 74/2015 of 30 December 2015, Vestas has received a firm and unconditional order for 34 V136-3.45 MW turbines for the 117 MW Metsälä wind power project, which will be Finland’s largest onshore project.

      The order was placed by the Finnish energy company EPV Tuulivoima Oy and includes supply and installation as well as a 10-year Active Output Management (AOM) 5000 service agreement. Delivery of the wind turbines is expected to begin in 2017.

      EPV Tuulivoima Oy Managing Director Frans Liski, says “We are proud to install our biggest onshore wind park and place the first order for Vestas’ new V136-3.45 MW turbine. We have chosen the V136-3.45 MW as it will deliver increased energy output and thus provides us an optimal choice within the Metsälä project site constraints”.

      The V136-3.45 MW has been very well-received after its launch, particularly in the low wind segment across several markets due to the turbine’s compelling balance between advanced technology and proven performance, enabling an increase in energy output and reduction in the cost of energy.

      Klaus Steen Mortensen, President, Vestas Northern Europe, says, “It’s great news to all of Vestas that EPV Tuulivoima Oy has placed the very first order for our V136-3.45 MW turbine and that it comes only three months after the turbine was officially launched.  The wind park will be the first large scale V136-3.45 MW project and underlines our customers’ confidence in Vestas’ 3 MW platform, which has already reached 7 GW of installed capacity and more than 10 GW of firm and unconditional orders worldwide”.

      EPV Tuulivoima Oy purchased their first Vestas turbines in 2013 and has ordered a total of 33 V126-3.3 MW turbines on top of today’s order of 34 V136-3.45 MW turbines. 

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: +46 7251 258 94
      Email:  kroch@vestas.com

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images 

       
      About Vestas
      Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 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.instagram.com/vestas
      https://plus.google.com/+vestas

      Download press release (pdf)

      Close article
      13:39 - 30 Dec 2015

      Vestas receives 117 MW order in Finland

      Vestas has received a firm and unconditional order with a total capacity of 117 MW in Finland, comprising 34 V136-3.45 MW turbines.

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      Vestas has received a firm and unconditional order with a total capacity of 117 MW in Finland, comprising 34 V136-3.45 MW turbines.

      Additional information about the project:

      Customer: EPV Tuulivoima Oy
      Project name: Metsälä
      Location/Country: Vaasa region, Finland
      Number of MW: 117 MW
      Number of turbines/turbine type 34 x V136-3.45 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 10-year Active Output Management 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in 2017.

      Total year-to-date announced order intake in MW: 7,933 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Northern Europe,
      Klaus Steen Mortensen, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      13:00 - 29 Dec 2015

      Vestas receives 40 MW order in Greece

      Vestas will deliver 12 V112-3.3 MW wind turbines for the Lyrkio wind farm to be located in the Greek Peloponnese region.

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      Vestas will deliver 12 V112-3.3 MW wind turbines for the Lyrkio wind farm to be located in the Greek Peloponnese region.

      Vestas has received a firm and unconditional order in Greece for a wind energy project in the southern Greek region of Peloponnese. The order for 12 units of the V112-3.3 MW model was placed by Elliniki Technodomiki Anemos S.A., a Greek company specialising in the development, construction and operation of wind farms in the country.

      The contract for the 40 MW Lyrkio wind project comprises supply, installation and commissioning of the wind turbines as well as a 15-year Active Output Management (AOM) 4000 service agreement, a full-scope service package to maximise uptime and performance.

      Turbine delivery is scheduled for the third quarter of 2016, whilst commissioning is expected for the first quarter of 2017. The Lyrkio wind power plant will have an estimated annual production of 85 GWh, enough to cover the electricity consumption of more than 20,000 Greek households with clean energy annually.

      The Greek wind market has had a low activity this year owing to the country’s economic circumstances, but with its good wind resources Greece remains an attractive market for wind energy.  President of Vestas Mediterranean, Marco Graziano says, “The order from Elliniki Technodomiki Anemos S.A. reaffirms that wind energy provides a strong business case when the wind resources are right and that Greece’s wind potential is still significant. Vestas delivers wind energy solutions all over the world and we are proud to install another wind park in Greece”.

      Vestas has installed more than 1.1 GW of wind turbines in Greece.

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

      For updated Vestas photographs and videos, please visit our media images page at: https://www.vestas.com/en/media/images

      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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 71 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.instagram.com/vestas
      • https://plus.google.com/+vestas

       Download this press release as PDF here.

      Close article
      12:30 - 29 Dec 2015

      Vestas receives 50 MW order in China

      Long-term Vestas customer Hanas Group has placed an order for 25 V110-2.0 MW turbines for a wind park in Western China.

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      Long-term Vestas customer Hanas Group has placed an order for 25 V110-2.0 MW turbines for a wind park in Western China.

      The firm and unconditional order follows the 250 MW Hanas Group ordered in November and will take Hanas’ fleet of Vestas turbines to 900 MW.

      The order for the Wanglejing Sunjialou wind park in western China’s Ningxia Hui Autonomous Region underlines the strong partnership between Vestas and Hanas Group and emphasises our shared focus on reducing the wind park’s lifetime cost of energy. 

      The order includes two-year Active Output Management (AOM) 4000 service contract in which Vestas guarantees a defined level of availability and performance, and a SCADA VestasOnline Business for data-driven monitoring and preventive maintenance. Delivery and commissioning are expected in the second half of 2016.

      “We are pleased to place another order with Vestas and increase our portfolio of the company’s turbines to almost 1 GW.  Throughout our cooperation, Vestas has proven its ability to deliver a low lifetime cost of energy, and we look forward to the Wanglejing Sunjialou wind park doing the same”, says Ma Fuqiang, President of Hanas Group.

      Chris Beaufait, President of Vestas Asia Pacific and China, says “Hanas Group having ordered close to 1 GW of Vestas turbines reaffirms our companies’ shared priority to deliver highly competitive wind energy solutions.  Vestas is firmly on track in China, and we are confident that our ability to drive down the cost of energy will position us well as the Chinese market increasingly focuses on lifetime costs”. 

      Hanas Group, headquartered in Yinchuan, capital of Ningxia, is a well-known clean energy solutions provider committed to China’s energy structure transformation. The cooperation between Vestas and Hanas started in 2011. In October 2015, the two parties signed a cooperation agreement which reiterated their common goal to reinforce mutually beneficial collaboration in the years to come.

      For more information, please contact:
      Zhang Hua, Communications Partner, Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@vestas.com

      For updated Vestas photographs and videos, please visit our media images page at: https://www.vestas.com/en/media/images

      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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for more than 19,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 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.instagram.com/vestas
      • https://plus.google.com/+vestas

      Download this press release as PDF here.

      Close article
      22:52 - 24 Dec 2015

      Vestas receives 198 MW order in the USA

      Vestas has received a firm and unconditional order in Oklahoma, USA, for 60 V117-3.3 MW turbines with a total capacity of 198 MW.

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      Vestas has received a firm and unconditional order in Oklahoma, USA, for 60 V117-3.3 MW turbines with a total capacity of 198 MW.

      Additional information about the project:

      Customer: RES America Construction Inc./ Renewable Energy Systems
      Project name: Bluestem
      Location/Country: Oklahoma, USA
      Number of MW: 198 MW
      Number of turbines/turbine type 60 V117-3.3 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a five-year Active Output Management 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in third quarter of 2016, with commissioning planned for fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 7,726 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

      Close article
      17:05 - 23 Dec 2015

      Vestas receives 110 MW order for upgraded 3 MW platform in the UK

      SSE Ltd. has placed an order for the Bhlaraidh wind farm, highlighting the competitiveness of Vestas’ 3 MW platform in the UK.

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      SSE Ltd. has placed an order for the Bhlaraidh wind farm, highlighting the competitiveness of Vestas’ 3 MW platform in the UK.

      With reference to Vestas Wind Systems A/S company announcement No. 72/2015 of 23 December 2015, Vestas has received a firm and unconditional order for 30 V117-3.45 MW and two V112-3.45 MW wind turbines for SSE’s 110 MW Bhlaraidh wind farm, near Invermoriston in the Great Glen region of Scotland.

      The order includes delivery, installation, and a 10-year Active Output Management (AOM) 4000 service agreement. Installation is expected to begin in the fourth quarter of 2016, with commissioning scheduled for the first half of 2017.

      For the Bhlaraidh wind farm, the V117-3.45 MW and V112-3.45 MW are able to deliver a very competitive Annual Energy Production (AEP) and project profitability.  The proven performance of the 3 MW platform and the nominal power rating upgrade from 3.3 MW to 3.45 MW are factors that have significantly contributed to the strong business case of the project and further confirm the competitiveness of Vestas’ 3 MW platform in the UK. 

      “The 32 turbine Bhlaraidh wind farm is a key project in SSE’s renewable portfolio, and we are looking forward to working with Vestas as we move through the construction and operational phases of the project. The proven track record, reliability and versatility of Vestas’ 3 MW platform were some of the deciding factors in our selection process”, says Murdo McGhie, SSE’s Director of Onshore Renewables.

      “We are very proud that SSE has chosen us as a partner for the Bhlaraidh Wind Farm. SSE is one of the leading renewable energy developers in the UK and Ireland, and we are pleased to see the upgraded 3.45 MW turbines becoming a part of SSE’s renewables energy portfolio”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      For more information, please contact:
      Kresten Ø. Christensen
      Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email:  kroch@vestas.com

      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images.

      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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 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.instagram.com/vestas
      https://plus.google.com/+vestas

       

      Download press release (pdf)

      Close article
      16:55 - 23 Dec 2015

      Vestas receives 110 MW order in the UK

      Vestas has received a firm and unconditional order in Scotland, UK, for 30 V117-3.45 MW turbines combined with two V112-3.45 MW turbines, with a total capacity of 110 MW.

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      Vestas has received a firm and unconditional order in Scotland, UK, for 30 V117-3.45 MW turbines combined with two V112-3.45 MW turbines, with a total capacity of 110 MW.

      Additional information about the project:

      Customer: SSE Generation Limited
      Project name: Bhlaraidh
      Location/Country: Scotland, UK
      Number of MW: 110 MW
      Number of turbines/turbine type 30 x V117-3.45 MW and 2 x V112-3.45 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 10-year Active Output Management 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to commence in fourth quarter of 2016, with commissioning planned for first half of 2017.

      Total year-to-date announced order intake in MW: 7,528 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Northern Europe,
      Klaus Steen Mortensen, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      15:03 - 18 Dec 2015

      Transactions in connection with share buy-back programme

      Transactions made in the period 14 – 18 December 2015, completing the programme.

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      Transactions made in the period 14 – 18 December 2015, completing the programme.

      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 14 – 18  December 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       

       14 December 2015

      60,000

      446.67

      26,799,960

       15 December 2015

      9,380

      452.49

      4,244,364

       16 December 2015

      50,000

      476.03

      23,801,690

       17 December 2015

      125,000

      482.01

      60,251,750

       18 December 2015

      56,281

      477.59

      26,879,434

       Accumulated under the programme

      2,529,786

      442.73

      1,119,999,730

      The share buy-back programme initiated 5 November 2015 is hereby finalised.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      20:56 - 17 Dec 2015

      Vestas receives 100 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for a total capacity of 100 MW.

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      Vestas has received a firm and unconditional order in the USA for a total capacity of 100 MW.

      Additional information about the project:

      Customer: Not disclosed.
      Project name: Not disclosed.
      Location/Country: USA
      Number of MW: 100 MW
      Number of turbines/turbine type Not disclosed.
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a three-year Active Output Management 5000 service agreement.
      Time of delivery Commissioning is expected in 2017.     

      Total year-to-date announced order intake in MW: 7,418 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

      Close article
      10:15 - 16 Dec 2015

      MHI Vestas Offshore Wind has received a 330 MW order for an offshore project in the UK

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      MHI Vestas Offshore Wind has received a firm and unconditional order for 40 V164-8.0 MW turbines for the offshore Walney Extension West project in the UK, ref. company announcements No. 9/2015 of 18 February 2015 and No. 32/2015 of 11 June 2015. The 330 MW order is placed by DONG Energy, and the contract covers supply and commissioning of the wind turbines, as well as a five-year full-scope service contract.

      The project will be delivered by MHI Vestas Offshore Wind and will not enter into the order backlog of Vestas Wind Systems A/S.

      As Vestas owns 50 percent of the joint venture company MHI Vestas Offshore Wind, Vestas will disclose firm and unconditional orders received by MHI Vestas Offshore Wind with a value above DKK 1bn, ref. Vestas’ Communication Strategy.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209



      A news release from MHI Vestas Offshore Wind regarding the order will also be published on mhivestasoffshore.com under “Media and news”.

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 percent) and Mitsubishi Heavy Industries (MHI) (50 percent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel: +45 2250 7131
      Email: matke@mhivestasoffshore.com

       

      Download Company announcement (pdf)

      Close article
      10:12 - 15 Dec 2015

      Vestas signs first full scope lifetime service agreement in Poland

      Vestas has won a 146 MW 14-year service renewal agreement covering four Polish wind parks.

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      Vestas has won a 146 MW 14-year service renewal agreement covering four Polish wind parks.

      Servicing Vestas turbines, the full scope lifetime agreement is the first of its kind in the Polish market and extends the existing service agreement from six to 20 years.* Vestas will serve as the on-site service asset manager with responsibility for 24/7 surveillance, reporting to the customer, and delivery of services according to our AOM 4000 service package.

      “This order demonstrates once again Vestas’ ability to tailor its traditional service offerings to match our customers’ needs, including a complete asset management solution and the first full scope lifetime service contract in Poland”, says Jan From, Vice President for Service in Vestas Northern Europe.

      Vestas is the largest maintenance provider in the industry with more than 15 percent of the worldwide wind turbine fleet under service. Every day, Vestas’ more than 6,000 service employees turn 35 years of experience into tangible, value-adding service experiences for our customers around the world. 

      * Customer and project names not disclosed at the customer’s request.

      For more information, please contact:
      Kresten Ørnbjerg Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: +46 (0) 725125894
      Mail: kroch@vestas.com

      About Vestas
      Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images.

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

      Download the press release (PDF) here

       

      Close article
      07:51 - 14 Dec 2015

      Vestas’ financial calendar 2016

      The Vestas Group’s financial calendar for 2016 is as follows:

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      The Vestas Group’s financial calendar for 2016 is as follows:

      9 February 2016
      Disclosure of annual report 2015 and outlook for 2016

      16 February 2016
      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

      26 February 2016
      Convening for the Annual General Meeting

      30 March 2016
      Annual General Meeting in Aarhus, Denmark

      29 April 2016
      Disclosure of interim financial report for first quarter 2016

      18 August 2016
      Disclosure of interim financial report for second quarter 2016

      8 November 2016
      Disclosure of interim financial report for third quarter 2016



      Contact details 
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

       

      Download Company announcement (pdf)

      Close article
      07:32 - 14 Dec 2015

      Transactions in connection with share buy-back programme

      Transactions made in the period 7 – 11 December 2015.

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      Transactions made in the period 7 – 11 December 2015.

      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 7 – 11  December 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       

       07 December 2015

      65,000

      459.66

      29,877,595

       08 December 2015

      74,362

      457.79

      34,042,046

       09 December 2015

      22,000

      455.97

      10,031,276

       10 December 2015

      63,343

      452.17

      28,641,494

       11 December 2015

      200,295

      441.42

      88,415,080

       Accumulated under the programme

      2,229,125

      438.75

      978,022,525

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      16:02 - 08 Dec 2015

      Vestas obtains BNDES local content accreditation in Brazil

      The accreditation reinforces Vestas’ position in the country by fulfilling the local content rules set by the Brazilian development bank (BNDES) that qualify for the bank’s financing lines.

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      The accreditation reinforces Vestas’ position in the country by fulfilling the local content rules set by the Brazilian development bank (BNDES) that qualify for the bank’s financing lines.

      The state-owned Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has certified that Vestas complies with the FINAME II code, the set of local manufacturing requirements established by the bank for foreign manufacturers operating in Brazil. Compliance with these rules is a prerequisite set by the BNDES to have access to the bank’s special credit lines.

      “Our V110-2.0 MW platform turbines are very well-suited for Brazilian wind conditions, and the FINAME II accreditation will allow Vestas’ customers to leverage BNDES’ attractive financing”, says President of Vestas Mediterranean, Marco Graziano.

      Based on the local manufacturing plan agreed with BNDES in June 2014, Vestas will localise the production of its V110-2.0 MW wind turbine models as following: Aeris will produce blades; ABB will manufacture generators; and Vestas’ new factory in Aquiraz (near Fortaleza, in Ceará) will localise 70 percent of hub and nacelle manufacturing.

      Vestas has been present in Brazil since 2000 and has delivered a total installed capacity of 713 MW and announced firm and unconditional orders of approximately 1 GW.  So far in 2015, Vestas has announced 286 MW in new orders. Given the planned increase in manufacturing output, Vestas expects to create hundreds of direct and indirect jobs in Brazil.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images.

      For more information, please contact:
      Irene Rodriguez Alvarez
      Communication Partner, Vestas Mediterranean
      Tel.: +34 91 362 8113
      Email: irral@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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 71 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:

      Download press release (PDF) here

      Close article
      16:34 - 07 Dec 2015

      Vestas acquires US independent service provider UpWind Solutions

      The acquisition accelerates Vestas’ profitable growth strategy and strengthens Vestas’ ability to service non-Vestas turbines.

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      The acquisition accelerates Vestas’ profitable growth strategy and strengthens Vestas’ ability to service non-Vestas turbines.

      Vestas has today acquired UpWind Solutions, Inc. and its subsidiaries (“UpWind Solutions“), a leading independent service provider in North America, with headquarters in San Diego, California. With about 310 employees, UpWind Solutions currently services wind power plants in nine US states with a total capacity of more than 3 GW. The wind power plants under service represent a diverse customer base and include turbines from a number of manufacturers. UpWind Solutions also supplies parts for most major turbine technologies, performs blade inspections, and offers various performance upgrades.

      “The acquisition accelerates our profitable growth strategy and helps Vestas to capture the full potential of the service business. We are broadening our capabilities and increasing the size of our addressable market for all major turbine technologies. In short, the acquisition is a strong strategic fit,” says Group Senior Vice President Christian Venderby, Vestas Global Service. 

      “North America is an important market for Vestas, and this acquisition will contribute to Vestas becoming the customers’ preferred fleet-wide service partner,” says Chris Brown, President of Vestas Sales and Service Division in the United States and Canada. “We are very pleased to welcome UpWind Solutions and its 310 employees to become part of the Vestas organisation.”   

      Vestas has more than 50 GW under service worldwide, and together Vestas and UpWind Solutions will service approximately 17 GW of Vestas and non-Vestas turbines in the USA and Canada with ambitions for further growth.

      “Vestas represents high quality technology and service and shares UpWind Solutions’ passion for excellence.  We’re delighted to become part of the global wind industry leader, and look forward to jointly ensuring that our expanded customer base receives the best possible operations and maintenance service for their fleets,” says CEO Peter Wells, UpWind Solutions.

      The acquisition price for UpWind Solutions is USD 60m (approximately EUR 55m) on a debt and cash free basis. The consideration has been paid in cash from readily available sources. On a standalone basis excluding synergies, UpWind Solutions is expecting for 2015 to report consolidated revenues of USD 55m (approximately EUR 50m), an EBITDA of USD 3.4m (approximately EUR 3.1m), and total assets of approximately USD 20m (approximately EUR 18m).

      The acquisition of UpWind Solutions is effective as of today. Vestas expects the acquisition will have only a limited effect on Vestas’ expected result for 2015. Outlook for 2015 revenue and EBIT margin before special items are maintained, while total investments are now expected to amount to approximately EUR 400m and free cash flow is consequently expected to be between EUR 750m and 950m for 2015.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Christian Venderby, Group Senior Vice President, Vestas Global Service

      Chris Brown, President of Vestas Sales and Service Division in the United States and Canada

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

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

      Download Company announcement (pdf)

      Close article
      07:31 - 07 Dec 2015

      Transactions in connection with share buy-back programme

      Transactions made in the period 30 November – 4 December 2015.

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      Transactions made in the period 30 November – 4 December 2015.

      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 30 November – 4  December 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       

       30 November 2015

      36,000 

      456.45 

      16,432,333 

       01 December 2015

      208,000 

      461.56 

      96,005,166 

       02 December 2015

      78,839 

      460.34 

      36,292,808 

       03 December 2015

      170,199 

      458.53 

      78,041,007 

       04 December 2015

      4,000

      451.60 

      1,806,388 

       Accumulated under the programme

      1,804,125

      436.23 

      787,015,030

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      15:23 - 02 Dec 2015

      Vestas wins 36 MW order and 20-year service contract with new German customer

      The order for 11 V126-3.3 MW turbines was placed by new customer VR Energieprojekte Dötlingen GmbH for a community wind power plant in Lower Saxony, Germany.

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      The order for 11 V126-3.3 MW turbines was placed by new customer VR Energieprojekte Dötlingen GmbH for a community wind power plant in Lower Saxony, Germany.

      The order comprises supply, installation, and commissioning of the turbines, along with a 20-year full-scope service agreement (AOM 5000) and VestasOnline® Business SCADA solution. Wind turbine delivery is planned to begin in the second and third quarter of 2016, with commissioning expected in the third quarter of 2016.

      “This wind energy project is a good example of a community wind farm with local participation.  We were convinced not only by the V126-3.3 MW’s technology and high performance, but by Vestas’ full-scope service agreement as well. We are confident that we chose the right long-term partner providing optimal service solutions for the entire life span of our turbines”, says Hermann Raschen, Managing Director of VR Energieprojekte Dötlingen GmbH.

      “We are very pleased that VR Energieprojekte Dötlingen GmbH has chosen the V126-3.3 MW, one of our top performers for low-wind sites, for their wind power plant, and that they are combining it with a 20-year service agreement”, says Nils de Baar, President of Vestas Central Europe. “This choice reflects the strong sense of partnership that has already developed between our two companies, and we look forward to working with VR Energieprojekte Dötlingen GmbH to help them achieve maximum return on their investment over the wind power plant’s lifetime”.
       
      The V126-3.3 MW is part of Vestas’ successful 3 MW platform. With five rotor variants, two nacelle configurations, multiple power modes, and 15 hub heights, the 3 MW platform enables an optimal turbine configuration for each unique wind site, maximising annual energy production (AEP) and optimising levelised cost of energy (LCOE).

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

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images.

      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 55,700 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 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 71 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 7,000 turbines representing a total capacity of more than 10 GW to this key market. 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 1,900 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
      • www.instagram.com/vestas
      • www.plus.google.com/+vestas

      Download the press release (PDF) here

      Close article
      23:18 - 30 Nov 2015

      Vestas receives 201 MW order in the USA

      Vestas has received a firm and unconditional order in the USA, comprising 51 V100-2.0 MW turbines combined with 30 V117-3.3 MW turbines, totalling 201 MW.

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      Vestas has received a firm and unconditional order in the USA, comprising 51 V100-2.0 MW turbines combined with 30 V117-3.3 MW turbines, totalling 201 MW.

      Additional information about the project:

      Customer: EDF Renewable Energy
      Project name: Not disclosed at the customer’s request.
      Location/Country: USA
      Number of MW: 201 MW
      Number of turbines/turbine type 51 x V100-2.0 MW and 30 x V117-3.3 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a three-year Active Output Management 5000 service agreement.
      Time of delivery Turbine delivery is planned to begin in third quarter 2016, with commissioning expected in fourth quarter 2016.

      Total year-to-date announced order intake in MW: 7,282 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

       

      Close article
      13:46 - 30 Nov 2015

      Information in the market regarding project in Morocco

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      Today, there is information in the market regarding Vestas and a 120 MW project in Morocco.

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

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Download pdf

      Close article
      07:37 - 30 Nov 2015

      Transactions in connection with share buy-back programme

      Transactions made in the period 23 – 27 November 2015.

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      Transactions made in the period 23 – 27 November 2015.

      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 23 – 27 November 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       

       23 November 2015

      45,000 

      432.85

      19,478,210 

       24 November 2015

      118,000

      432.37 

      51,019,400

       25 November 2015

      32,500

      438.73 

      14,258,605 

       26 November 2015

      158,587 

      440.77 

      69,900,487 

       27 November 2015

      10,000 

      449.22

      4,492,164 

       Accumulated under the programme

      1,307,087

      427.24 

      558,437,279

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      18:59 - 23 Nov 2015

      Vestas secures first U.S. order for the V126-3.3 MW

      Vestas will deliver 61 V126-3.3 MW turbines for a 200 MW project in Oklahoma, strengthening the 3 MW platform’s presence in the U.S. market.   

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      Vestas will deliver 61 V126-3.3 MW turbines for a 200 MW project in Oklahoma, strengthening the 3 MW platform’s presence in the U.S. market.

      With reference to the Vestas Wind Systems A/S company announcement No. 61/2015 of 23 November 2015, Vestas has received a firm and unconditional order in the United States for a wind power project in Oklahoma.* The order for 61 Vestas V126-3.3 MW turbines reflects the strong global demand for turbines from the Vestas 3 MW platform.

      This 200 MW order includes supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM) 5000 service agreement.  AOM5000 includes an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. Delivery of the wind turbines is expected to begin in second quarter of 2016, with commissioning planned for second half of 2016. 

      The V126-3.3 MW is part of Vestas’ successful 3 MW platform.  With five rotor variants, two nacelle configurations, multiple power modes, and 15 hub heights, the 3 MW platform enables an optimal turbine configuration for each unique wind site, maximizing annual energy production (AEP) and optimizing
      levelized cost of energy (LCOE).

      Historically, Oklahoma has been 2 MW territory, but this order once again emphasizes the versatility of our product portfolio and shows that we can draw from both our 2 MW and 3 MW platforms to select exactly the right turbine to meet our customers’ needs,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

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

      * At the customer’s request, the customer and project names are not being disclosed.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images. 

      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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the U.S. in 1980, and established its North America subsidiary the following year.  As of 30 September 2015, Vestas has installed 14,745 MW in the United States. 

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

      Download news release (pdf)

      Close article
      18:46 - 23 Nov 2015

      Vestas receives 200 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 61 V126-3.3 MW turbines, with a total capacity of 200 MW.

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      Vestas has received a firm and unconditional order in the USA for 61 V126-3.3 MW turbines, with a total capacity of 200 MW.

      Additional information about the project:

      Customer: Not disclosed at the customer’s request.
      Project name: Not disclosed at the customer’s request.
      Location/Country: Oklahoma, USA
      Number of MW: 200 MW
      Number of turbines/turbine type 61 x V126-3.3 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a three-year Active Output Management 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in second quarter of 2016, with commissioning planned for second half of 2016.

      Total year-to-date announced order intake in MW: 7,081 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf) 

      Close article
      07:34 - 23 Nov 2015

      Transactions in connection with share buy-back programme

      Transactions made in the period 16 – 20 November 2015.

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      Transactions made in the period 16 – 20 November 2015.

      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 16 – 20 November 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       

       16 November 2015

      20,000

      419.83

      8,396,618

       17 November 2015

      90,000

      433.13

       38,981,916

       18 November 2015

       91,127

       433.23

       39,478,886

       19 November 2015

       95,000

       434.77

       41,303,502

       20 November 2015

       34,873

       429.58

       14,980,618

       Accumulated under the programme

      943,000

      423.42

      399,288,407

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      13:50 - 19 Nov 2015

      Election of group representatives for the Board of Directors of Vestas Wind Systems A/S

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      The employees of the Vestas Group's Danish companies have held the ordinary election for representatives for the Board of Directors according to the current Danish law on employee representation.

      The following members were elected for the next four years:


      Name  Place of employment 

      Michael Abildgaard Lisbjerg (re-elected)
      Senior Shop Steward 

      Vestas Manufacturing A/S
      Assembly Factory in Ringkøbing 

      Kim Hvid Thomsen (re-elected)
      HR Business Partner

      Vestas Wind Systems A/S
      People & Culture 


      The elected group representatives will join the Board of Directors of Vestas Wind Systems A/S following the Annual General Meeting on 30 March 2016.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

       

      Download pdf

      Close article
      17:50 - 16 Nov 2015

      Election of company employee representatives for the Board of Directors of Vestas Wind Systems A/S

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      The employees of Vestas Wind Systems A/S have held the ordinary election for representation in the Board of Directors according to the current Danish law on employee representation.

      The following members were elected for the next four years:

       

      Name  Place of employment 

      Sussie Dvinge Agerbo (re-elected)
      Management Assistent

      Vestas Wind Systems A/S
      Technology & Service Solutions

      Peter Lindholst (newly-elected)
      Director of Transport & Handling

      Vestas Wind Systems A/S
      Technology & Service Solutions 

      The elected employee representatives will join the Board of Directors of Vestas Wind Systems A/S following the Annual General Meeting on 30 March 2016. At the same time the former employee representative on the Board of Directors Kim Bredo Rahbek will resign.

      On 19 November 2015, the ordinary election among the employees in the Vestas Group’s Danish companies will take place according to the current law on employee representation.

       

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

       

      Download pdf

      Close article
      07:36 - 16 Nov 2015

      Transactions in connection with share buy-back programme

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      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme during the period 9 – 13 November 2015:

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       
       09 November 2015

      90,000

      420.80

      37,872,306 

       10 November 2015

      62,000

      417.47

      25,883,183 

       11 November 2015

       45,000

       420.38

       18,917,051

       12 November 2015

       170,000

       421.44

       71,644,171

       13 November 2015

       80,000

       416.44

       33,315,504

       Accumulated under the programme

      612,000 

      418.54

      256,146,861

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

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

      Download Company announcement (pdf)

      Close article
      10:00 - 13 Nov 2015

      Vestas upgrades 3 MW platform, strengthens performance in all wind classes

      Building on proven performance and responding to evolving customer requirements, the upgraded 3 MW platform will increase energy production and lower the cost of energy.

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      Building on proven performance and responding to evolving customer requirements, the upgraded 3 MW platform will increase energy production and lower the cost of energy.

      With this platform upgrade, Vestas boosts performance in all wind classes, increasing annual energy production by up to 12 percent depending on site-specific conditions. The upgrade’s most significant elements include larger rotor sizes in all wind classes; nominal power rating increase to 3.45 MW; optional power modes of up to 3.6 MW; tower heights of up to 166 meters; and the introduction of an advanced, next generation control system designed specifically for Vestas turbines.

      With five rotor variants, two nacelle configurations, multiple power modes, and 15 hub heights, the 3 MW platform becomes substantially more versatile in its market coverage, maximising annual energy production and lowering the cost of energy at each unique wind site.

      “The upgraded 3 MW platform adds versatility by broadening the portfolio of turbine combinations”, says Executive Vice President and Chief Technology Officer Anders Vedel. “The result is that customers can select the optimal turbine configuration with higher precision, boosting performance at each unique wind site and lowering the cost of energy. Standardised components deliver the reliability that customers expect from Vestas, while the added versatility allows for flexible site solutions”.

      Delivery of the upgraded 3 MW platform will start in the fourth quarter of 2016.

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

      About the 3 MW platform

      • 7 GW of Vestas’ 3 MW turbines have already been installed in 27 countries worldwide. They are a mainstay in Europe and are becoming increasingly widespread in the Americas, Africa, and Asia – proving their worth in highly diverse conditions.
      • The upgraded 3 MW platform meets diverse challenges through market-driven product development and extensive testing in the industry’s largest test facilities. Operating experience from over 2,000 turbines of this platform was applied when upgrading the 3 MW platform to maximise performance and reduce cost of energy.
      • Larger rotor sizes are introduced to all wind classes. V136-3.45 MW is introduced to low wind, V126-3.45 MW is now able to operate in medium wind, and V117-3.45 MW is certified for high wind conditions. V112-3.45 MW and V105-3.45 MW are also certified for high wind conditions.
      • The 166 m tower is the tallest onshore hub height ever put in production by Vestas, and is based on the Vestas proprietary Large Diameter Steel Tower (LDST) technology. LDST is a simple yet highly efficient way to reach higher hub heights to maximise utilisation of wind resource potential.
      • The next generation advanced control system is based on industry 4.0 standards and input/outputs are significantly increased for a flexible and future ready system setup. Ethernet based, the leaner system reduces physical components housed in the turbine by 40 percent.

      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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images.

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

      Download the press release (PDF) here

      Close article
      08:51 - 13 Nov 2015

      Vestas receives another order in China

      Following last week’s 200 MW order, Hanas Group has placed a 50 MW order for 25 V110-2.0 MW turbines.

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      Following last week’s 200 MW order, Hanas Group has placed a 50 MW order for 25 V110-2.0 MW turbines.

      Hanas Group has placed a firm and unconditional order of 25 V110-2.0 MW turbines for the Wanglejing Niujijuan wind park in western China’s Ningxia Hui Autonomous Region with delivery and commissioning expected in the second quarter of 2016.

      With the order, Hanas Group has purchased a total of 850 MW of Vestas turbines, underlining the strong partnership between the two companies that share a strong focus on the levelised cost of energy for the turbines’ entire lifecycle.

      “In our long cooperation, Vestas has continuously showed global leadership on technology and service capabilities within the wind power industry, and we have thus been impressed by the performance of Vestas’ products and the quality of Vestas’ operation and maintenance”, said Ma Fuqiang, President of Hanas Group.

      “We are moving forward in China with our strategy for the market being on track. The orders we have received recently are a testament to this”, said Chris Beaufait, President of Vestas Asia Pacific and China. “We are proud of the continuous trust Hanas puts in Vestas and our ability to provide the lowest cost of energy across the turbines’ entire lifecycle, based on our world-class technology and operations and maintenance practices”.

      The order includes a two-year Active Output Management 4000 service contract in which Vestas guarantees a defined level of availability and performance, and SCADA VestasOnline Business for data-driven monitoring and preventive maintenance.

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for more than 19,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images

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

      Download press release (PDF) here

       

      Close article
      13:28 - 09 Nov 2015

      Vestas wins 20 MW project in South Korea with new customer GS Power

      Vestas has received a firm and unconditional order from GS Power, part of the South Korean conglomerate GS Group, for six V112-3.3 MW turbines for the Yaksoo wind park.

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      Vestas has received a firm and unconditional order from GS Power, part of the South Korean conglomerate GS Group, for six V112-3.3 MW turbines for the Yaksoo wind park.

      The wind park is the first wind energy project for GS Power and will be located in South Korea’s southwestern Jeonnam Province. GS Power is a subsidiary of GS Group, a Fortune 500 company and one of the largest conglomerates in South Korea.

      The project includes a 16-year Active Output Management 4000 service contract, and a SCADA VestasOnline Business for data-driven monitoring and preventive maintenance. Delivery and commissioning are expected during the second half of 2016. Vestas will be responsible for the supply of wind turbines and supervision of installation.

      To meet South Korea’s increasing energy needs and create a more sustainable energy mix, South Korea introduced the Renewable Portfolio Standard in 2012 to boost the development of renewable energy and among other things require power generation companies to produce a certain ratio of electricity from renewable energy sources.

      "We are very pleased taking another step forward in our cooperation with Vestas and we are looking forward to supporting South Korea’s renewable energy ambitions through wind energy” said Mr. Jinho Kim, Vice President of GS Power. “Vestas’ leading wind energy solutions ensure a low cost of energy for the project, which among other things is achieved through the hub height of the turbines, which will make the turbines the tallest in South Korea.”

      “Vestas is honored to collaborate with GS Power on their first wind energy project and hereby showcase Vestas’ ability to deliver a strong business case on wind energy in South Korea ”, says Danny Nielsen, Head of Vestas Pan-Asia. “On top of that, the project will deliver reliable and clean energy that supports South Korea’s renewable targets, which highlight the multiple benefits of choosing wind”.

      Vestas has an installed capacity of 225 MW in South Korea, accounting for about half of the total wind energy capacity in the country.

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 55,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for more than 19,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images

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

      Download the press release (PDF) here

       

      Close article
      07:30 - 09 Nov 2015

      Transactions in connection with share buy-back programme

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      On 5 November 2015, Vestas initiated a share buy-back programme, ref. Company announcement No. 54/2015. The programme is implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 1,120 million (approximately EUR 150 million) in the period from 5 November 2015 to 31 December 2015.

      The following transactions have been made under the programme: 

        Number of
      shares
      Average purchase
      price, DKK
       
      Transaction
      value, DKK
       
       5 November 2015

       85,000

       413.56

       35,152,328

       6 November 2015

       80,000

       417.03

       33,362,304

       Accumulated under the programme

       165,000

       415.24

      68,514,632

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

       

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

       

      Download pdf

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      11:46 - 06 Nov 2015

      Vestas wins its largest order in China in 2015

      Vestas has received a firm and unconditional order for two projects for a combined 200 MW from China’s Hanas Group.

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      Vestas has received a firm and unconditional order for two projects for a combined 200 MW from China’s Hanas Group.

      With reference to Vestas Wind Systems A/S’ company announcement No. 55/2015 of 6 November 2015, the order highlights the competitiveness of Vestas’ 2 MW platform in China and reflects an increasing focus on levelised cost of energy in the world’s largest wind market. The combined order is Vestas’ largest in China in 2015 and consists of 75 V110-2.0 MW turbines and 25 V100-2.0 MW turbines for the Azuoqi 1A and Azuoqi 1B projects in Inner Mongolia Autonomous Region.

      The projects include 2-year Active Output Management 4000 service contracts and SCADA VestasOnline Business for data-driven monitoring and preventive maintenance. Delivery and commissioning are expected in the second quarter of 2016.

      “We have been impressed by the performance of Vestas’ products and its global technological leadership in the industry”, said Ma Fuqiang, President of Hanas Group.

      Building on the 600 MW of turbines that Hanas Group has purchased from Vestas since 2011, the two parties signed a cooperation agreement in October 2015, reiterating their common goal to reinforce mutually beneficial collaboration in the years to come.

      “We are proud to have a close partner like Hanas, which from the formation of their wind energy businesses has focused on the levelised cost of energy and world-class operations and maintenance practices for the turbines’ entire lifecycle, and we are pleased to see that more and more developers in China are following suit”, said Chris Beaufait, President of Vestas Asia Pacific and China. “At Vestas, we will continue to create value for our customers by bringing the latest technologies to the market with competitive lifetime cost of energy, enhanced by our unparalleled experience, know-how and services in operations and maintenance”.

      Hanas Group, headquartered in Yinchuan, capital of Ningxia in western China, is a well-known clean energy solutions provider committed to the country’s energy structure transformation.

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 19,600 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 71 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images.

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

      Download news release (pdf)
       

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      11:34 - 06 Nov 2015

      Vestas receives 200 MW order in China 

      Vestas has received a firm and unconditional order in China, for two projects with a total capacity of 200 MW.

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      Vestas has received a firm and unconditional order in China, for two projects with a total capacity of 200 MW.

      Additional information about the projects:

      Customer: Inner Mongolia Hanas Wind Power Co. Ltd
      Project name(s): Azuoqi 1A and Azuoqi 1B
      Location/Country: China
      Number of MW: 200 MW
      Number of turbines/turbine type 50 V110-2.0 MW turbines (Azuoqi 1A) and 25 V100-2.0 MW + 25 V110-2.0 MW turbines (Azuoqi 1B)
      Contract type: Supply-only
      Contract scope: The contract includes delivery and commissioning of the wind turbines, as well as a two-year Active Output Management 4000 service agreement, and a VestasOnline® Business SCADA solution.
      Time of delivery Delivery and commissioning of the wind turbines are expected in second quarter of 2016.

      Total year-to-date announced order intake in MW: 6,811 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Asia Pacific & China
      Chris Beaufait, President

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

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

      A news release from Vestas Asia Pacific & China 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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      08:40 - 05 Nov 2015

      Share buy-back programme of up to DKK 1,120 million (approximately EUR 150 million)

      The Board of Directors of Vestas Wind Systems A/S has decided to initiate a share buy-back programme of up to DKK 1,120 million (approximately EUR 150 million) to be executed during the period 5 November 2015 to 31 December 2015.

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      The Board of Directors of Vestas Wind Systems A/S has decided to initiate a share buy-back programme of up to DKK 1,120 million (approximately EUR 150 million) to be executed during the period 5 November 2015 to 31 December 2015.

      The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors by the Annual General Meeting on 30 March 2015, which authorises Vestas to acquire treasury shares at a nominal value not exceeding 10 percent of the share capital. The consideration for such shares may not deviate by more than 10 percent from the closing price quoted by Nasdaq Copenhagen at the time of purchase.

      The buy-back will be structured in accordance with the EU Commission Regulation no. 2273/2003 of 22 December 2003 (the "Safe Harbour Regulation").

      Purpose
      The purpose of the share buy-back programme is to adjust Vestas’ capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees of Vestas.

      At Vestas' annual general meeting in 2016, a resolution will be proposed that shares acquired, which are not used for hedging purposes of the ongoing incentives programmes, will be cancelled.

      Time frame
      The share buy-back programme will run from 5 November 2015 to 31 December 2015.

      Terms
      Vestas has appointed Nordea as lead manager for the share buy-back programme. Nordea will make its own trading decisions independently of and without influence or involvement from Vestas.

      Under the share buy-back programme Vestas may repurchase shares up to a maximum amount of DKK 1,120 million, and no more than 19,268,107 shares, corresponding to 8.6 percent of the share capital of Vestas Wind Systems A/S.

      No shares may be bought back at a price exceeding the higher of i) share price of latest independent trade and ii) the highest current independent bid at Nasdaq Copenhagen or other regulated markets, on which the purchase is carried out, at the time of trading.

      The maximum number of shares that may be purchased on each business day may not exceed 25 percent of the average daily trading volume of shares on Nasdaq Copenhagen or other regulated markets, on which the purchase is carried out, over last 20 trading days prior to the date of purchase.

      Prior to the share buy-back, Vestas holds 3,139,344 treasury shares, equal to 1.4 percent of the share capital.

      Vestas is entitled to suspend or stop the programme at any time subject to an announcement to Nasdaq Copenhagen.

      On a weekly basis, Vestas will issue an announcement in respect of transactions made under the programme.

      Contact details
      Vestas Wind Systems A/S, Denmark

      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

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

      Download Company announcement (pdf)

       

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      08:35 - 05 Nov 2015

      Interim financial report, third quarter 2015

      Revenue, earnings, and free cash flow increased compared to the third quarter of 2014. Outlook for 2015 upgraded on revenue, EBIT margin before special items, and free cash flow.

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      Revenue, earnings, and free cash flow increased compared to the third quarter of 2014. Outlook for 2015 upgraded on revenue, EBIT margin before special items, and free cash flow.

      Summary
      In the third quarter of 2015, Vestas generated revenue of EUR 2,120m – an increase of 17 percent compared to the year-earlier period. EBIT before special items increased by EUR 69m to EUR 232m. The EBIT margin before special items was 10.9 percent and the free cash flow increased by EUR 53m to EUR 158m compared to the third quarter of 2014.

      The intake of firm and unconditional wind turbine orders amounted to 1,508 MW in the third quarter of 2015. The value of the wind turbine order backlog amounted to EUR 8.2bn at 30 September 2015. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 8.2bn at the end of September 2015. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 16.4bn – an increase of EUR 3.0bn compared to the year-earlier period. 

      Vestas upgrades the 2015 guidance of revenue from minimum EUR 7.5bn to EUR 8.0bn-8.5bn, EBIT margin before special items from minimum 8.5 percent to 9-10 percent, and free cash flow from minimum EUR 600m to EUR 800m-1,000m. The upgrades are based mainly on improved delivery visibility for the remainder of the year.

      Group President & CEO Anders Runevad said: “Vestas has delivered another quarter with strong results on key financial and operational parameters. With greater clarity on deliveries for the remainder of the year and a very solid financial position, we are raising our guidance on revenue, EBIT margin, and free cash flow and initiating a share buy-back programme.  I am very pleased that year-on-year for orders, Vestas is growing in all regions, consistent with our profitable growth strategy.”

      Key highlights

      Earnings improved
      EBIT before special items at 10.9 percent – up 1.9 percentage points compared to Q3 2014.

      Combined backlog continues at high level
      Wind turbine and service order backlog of EUR 16.4bn.

      Return on invested capital (ROIC) continues strong upward trend
      ROIC increased to 71 percent (TTM).

      Guidance increased
      Guidance for 2015 increased on revenue, EBIT margin, and free cash flow based mainly on delivery visibility for the remainder of the year.

      Share buy-back programme
      EUR 150m share buy-back programme to adjust capital structure.

      Information meeting (audiocast)
      On Thursday 5 November 2015 at 10 a.m. CET (9 a.m. GMT), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor.

      The meeting will be held in English and questions may be asked through a conference call.

      The telephone numbers for the conference call are:

      Europe: +44 203 428 1402
      USA: +1 866 388 1923
      Denmark: +45 8233 3176

      Presentation material for the information meeting will be available approx one hour before the meeting at vestas.com/investor.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President,
      Investor Relations
      Tel: +45 9730 8209

      Download the interim financial report for Q3 2015

       

       

       

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      10:00 - 30 Oct 2015

      Vestas’ Marika Fredriksson named CFO of the year

      Berlingske Business names Vestas Executive Vice President and Chief Financial Officer Marika Fredriksson as CFO of the year.

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      Berlingske Business names Vestas Executive Vice President and Chief Financial Officer Marika Fredriksson as CFO of the year.

      Based on a rigorous selection process evaluating 50 candidates from leading companies, Danish business daily Berlingske Business named Vestas’ Marika Fredriksson as CFO of the year, stressing her consistently business- oriented approach including a strong focus on the fundamental CFO tools.
      “The field of exceptional CFO candidates was strong and the jury focused on the ability to carry out consistent, planned and extensive decisions that calls for courage and persistence.  The succesfull CFO is part of restructuring and change processes and knows how to see them through.  Berlingske Business and I are proud to name Marika Fredriksson as CFO of the year,” says Heine Dalsgaard, CFO of ISS and winner of ‘CFO of the Year’ 2014.

      The jury also recognizes the impact Marika Fredriksson has had on the Vestas organization including the successful turnaround and a sharp and decisive effort to implement important changes and a careful approach on future results.

      The award is based on the following criteria:  Business and comprehensive understanding; leadership and organization; communication and relations; and trusted advisor and supervisor.  The Berlingske Business conference and election of this year’s CFO of the year took place in Copenhagen Thursday 29 October 2015.

      For more information, please contact:
      Communications & Press Officer, Lina Danstrup
      Media & External Relations
      Tel: +45 61 26 99 87
      Mail: limat@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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 70 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:

      Download the press release (PDF) here

       

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      15:05 - 27 Oct 2015

      Vestas receives 26 MW order in Sweden

      Eolus Vind AB has placed an order for eight V112-3.3MW turbines for the Kungsbacka-Iglasjön wind power plant, proving Vestas’ ability to deliver a strong business case in the challenging Swedish market.

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      Eolus Vind AB has placed an order for eight V112-3.3 MW turbines for the Kungsbacka-Iglasjön wind power plant, proving Vestas’ ability to deliver a strong business case in the challenging Swedish market.

      Vestas has received a firm and unconditional order for the Kungsbacka-Iglasjön wind power plant in the Västra Götaland county in southwestern Sweden. The order comprises eight V112-3.3 MW turbines and includes delivery, installation, and a 5-year Active Output Management (AOM) 5000 service agreement.  The delivery and commissioning of turbines is expected to take place in the second half of 2016.

      Low pricing on electricity and green certificates has put further pressure on lowering the cost of energy.  This order demonstrates that a good business case is possible with the right technology.

      “I´m very happy with the cooperation we have with Vestas. They have been able to meet the demands and specifications that we have in order to establish the Kungsbacka-Iglasjön wind farm in the challenging Swedish market. Eolus’ ambition is to establish wind farms at the lowest possible cost per produced MWh, and good cooperation with leading turbine suppliers like Vestas is key to achieving this”, says Per Witalisson, CEO of Eolus.

      Klaus Steen Mortensen, President of Vestas Northern Europe, emphasises the importance of building and maintaining long-term relationships with Eolus Vind AB as one of the key players in the Swedish market:

      “Vestas strives to lower the cost of energy everywhere in the world, and by announcing this order with Eolus, one of our valued customers in Sweden, we show that long-term collaboration coupled with the right turbine technology can provide a very attractive business case”, says Klaus Steen Mortensen, President Vestas Northern Europe.

      For more information, please contact:
      Kresten Ø. Christensen
      Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email: kroch@vestas.com

      About Eolus Vind
      Eolus Vind AB is one of the leading wind power developers in Sweden. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries to both local and international investors. Founded in 1990, Eolus has constructed 477 wind turbines of the approximately 3 100 wind turbines operating in Sweden. The Eolus Group currently owns and operates an installed capacity of 58 MW and a yearly electricity production of 144 GWh. Eolus Vind AB has approximately 4100 shareholders. Eolus shares are listed at NASDAQ Stockholm.

      For more information about Eolus, please visit www.eolusvind.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 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 70 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:

      Download the press release (PDF) here

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      15:16 - 26 Oct 2015

      MHI Vestas Offshore Wind receives 165 MW order for project in Belgium, for which Vestas Wind Systems A/S will deliver the turbines   

      MHI Vestas Offshore Wind receives 165 MW order for project in Belgium, for which Vestas Wind Systems A/S will deliver the turbines 

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      MHI Vestas Offshore Wind has received a firm and unconditional order for 50 V112-3.3 MW turbines for the Nobelwind offshore project in Belgium, with a total capacity of 165 MW, ref. Company announcement no. 2/2015 of 8 January 2015. Included in the contract between MHI Vestas Offshore Wind and customer Parkwind NW is a 15-year full-scope service agreement.

      As the order comprises Vestas V112-3.3 MW turbines, the turbines will be supplied by Vestas Wind Systems A/S to MHI Vestas Offshore Wind and the order will enter into the backlog of Vestas Wind Systems A/S.
       
      Additional information about the project (as supplied from Vestas to MHI Vestas Offshore Wind):

      Customer: MHI Vestas Offshore Wind   
      Project name: Nobelwind
      Location/Country: Belgium
      Number of MW: 165 MW
      Number of turbines/turbine type 50 V112-3.3 MW turbines
      Contract type: Supply-only
      Time of delivery Delivery of the turbines is expected in 2016, with commissioning planned to take place in 2017.

      Total year-to-date announced order intake in MW: 6,208 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel: +45 2250 7131
      Email: matke@mhivestasoffshore.com

      A news release regarding the above-mentioned order will also be published by MHI Vestas Offshore Wind on http://www.mhivestasoffshore.com/media/.

      Download Company announcement (pdf)

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      14:41 - 20 Oct 2015

      Google to buy Vestas’ shares in Lake Turkana Wind Power

      Upon completion of the project in 2017, Google will acquire Vestas’ 12.5 percent stake in Africa’s largest wind park, which will supply around 15 percent of Kenya’s electricity needs based on current generation capacity

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      Upon completion of the project in 2017, Google will acquire Vestas’ 12.5 percent stake in Africa’s largest wind park, which will supply around 15 percent of Kenya’s electricity needs based on current generation capacity

      The share purchase agreement was announced in Washington, DC, in connection with U.S. Secretary of State John Kerry’s Climate and Clean Energy Investment Forum and builds on a long-standing relationship between Google and Vestas, which also includes the 270 MW Alta Wind Energy Centre in southern California and the powering of a Google data centre in Finland. 

      The Lake Turkana wind park is expected to be one of the most efficient wind parks in the world, and have an annual power production of more than 1,400 GWh, which will provide around 15 percent of Kenya’s electricity needs based on current generation capacity. The wind park is owned by Lake Turkana Wind Power and is key to Kenya’s development goals and a prime example of wind energy’s ability to create sustainable development across the globe.

      Google’s investment is a leading example of companies investing in wind energy globally to achieve attractive financial returns and scale the deployment of renewable energy. This trend shows that whether a company is looking to power one’s own operations, reduce supply risk and price volatility, or contribute to combatting climate change, investing in wind energy makes economic sense.

      “We are making a commitment to invest in Lake Turkana because it makes financial sense, but also because it has the potential to have a massive impact on Kenya’s grid, helping to spur the deployment of renewable energy in one of the world’s fastest-growing countries”, said John Woolard, Vice President, Energy at Google.  “We look forward to joining Vestas and others to help accelerate progress toward a future of clean energy in Kenya”.

      Taking part in the announcement, Vestas Group President and CEO Anders Runevad said: “We commend Lake Turkana Wind Power for their ground-breaking work in bringing the project to this stage.  We are extremely proud to provide the technology and service for a project that will be one of the most efficient wind parks in the world and which upon completion will include Google among its investors”. 

      Google’s investment in the Lake Turkana wind project will be its 22nd renewable energy project investment overall and second in Africa.  Vestas will retain its equity stake in the project until its completion in 2017, upon which Google will formally join the Lake Turkana Wind Power investor group. 

      For more information, please contact:
      Michael Zarin
      Head of External Communications & Media Relations
      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’ 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and 70 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      If you are writing about Vestas and need relevant, updated pictures please visit: https://www.vestas.com/en/media/images

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

      Download the press release (PDF) here.

       

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      11:07 - 19 Oct 2015

      Additional information in the market regarding MHI Vestas Offshore Wind and the Navitus Bay offshore project in the UK

         

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      Today, there is additional information in the market regarding the Navitus Bay project, an offshore project in the UK, for which MHI Vestas Offshore Wind was appointed preferred supplier earlier this year, ref. company announcement No. 25/2015 of 21 May 2015.

      Vestas can confirm that Navitus Bay Development Limited has informed that it has decided not to challenge the decision by the UK Secretary of State to refuse consent for the proposed Navitus Bay project.  

      As MHI Vestas Offshore Wind had only been appointed preferred supplier for the potential order and hence the project had not achieved status as a firm and unconditional order, the decision by Navitus Bay Development Limited will not impact the order backlog of MHI Vestas Offshore Wind.

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Download Company announcement (pdf)

       

      More information about this announcement can be found at http://www.mhivestasoffshore.com/media/

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 percent) and Mitsubishi Heavy Industries (MHI) (50 percent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel: +45 2250 7131
      Email: matke@mhivestasoffshore.com

      Close article
      23:52 - 15 Oct 2015

      Vestas receives 144 MW order in the USA

      Vestas has received a firm and unconditional order in Michigan, USA, for 72 V110-2.0 MW turbines, with a total capacity of 144 MW.

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      Vestas has received a firm and unconditional order in Michigan, USA, for 72 V110-2.0 MW turbines, with a total capacity of 144 MW.

      Additional information about the project:

      Customer: Undisclosed at the customer’s request.
      Project name: Undisclosed at the customer’s request.
      Location/Country: Michigan, USA
      Number of MW: 144 MW
      Number of turbines/turbine type 72 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a 10-year Active Output Management 5000 service agreement.
      Time of delivery Delivery and commissioning of the wind turbines are expected to take place in second half of 2016.

      Total year-to-date announced order intake in MW: 6,043 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

       

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      15:00 - 15 Oct 2015

      Vestas installs its 55,000th turbine and achieves 70 GW of installed capacity

      Vestas installs its 55,000th turbine and achieves 70 GW of installed capacity

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      Vestas wind turbines cumulatively can produce enough power to cover the annual electricity consumption of about 75 million European residential electricity consumers.

      Vestas having installed 55,000 turbines and 70 GW of capacity in 74 countries across six continents is strong evidence of our ability to provide wind energy solutions anywhere in the world.  It underscores Vestas’ global industry leadership and reaffirms the growing reality that wind energy is the best of all worlds – cost-competitive, readily available, and carbon-free.  Globally in 2014, wind energy accounted for about 20 percent of all newly installed power generation capacity, and that share is set to continue growing in the future. 

      “The entire Vestas organisation – past and present – has contributed to reaching this industry-leading milestone, and we can all take pride in the accomplishment”, says Anders Runevad, President and CEO of Vestas Wind Systems A/S.  “This Vestas achievement together with wind energy’s global growth confirms that whether one is looking to power one’s own operations, reduce supply risk and price volatility, or contribute to combatting climate change, investing in wind energy makes economic sense”.

      The 55,000th turbine is a V112-3.0 MW that has been installed at the 27 MW Wallroth-Schlüchtern wind park in Hesse, Germany.  That the milestone has been reached here testifies to the importance of the German market, which is the biggest in Europe and the second largest market for Vestas globally.

      “We thank our customers all over the globe and especially in Germany for their trust in wind energy, in our technology, and our people” says Knud E. Rissel, Vice President Sales Germany.”  More than 1,900 Vestas employees in Germany, representing the company’s full value chain, are focused on being the very best wind energy partners for our customers and have contributed to Vestas becoming one of the leading wind technology providers in Germany.

      For more information
      Michael Zarin
      Head of External Communications & Media Relations
      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’ 55,000 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and 70 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

      Download this press release (PDF) here.

      Close article
      00:05 - 01 Oct 2015

      Vestas receives 150 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 75 2.0 MW turbines, totalling 150 MW.

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      Vestas has received a firm and unconditional order in the USA for 75 2.0 MW turbines, totalling 150 MW.

      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: 150 MW
      Number of turbines/turbine type 75 2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a five-year customised Active Output Management service agreement.
      Time of delivery Delivery of the wind turbines is expected in third quarter of 2016, while commissioning is expected in fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 5,899 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President

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

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

      Download company announcement (pdf)

       

      Close article
      12:55 - 30 Sep 2015

      Finland’s to date largest wind park will be powered by 93MW of Vestas turbines

      TuuliWatti Oy has placed a firm and unconditional order for 27 V126-3.45 MW turbines for the Simo III project in the province of Lapland, Finland. With Simo III, Vestas has announced more than 500 MW of orders for the V126 in Finland alone.

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      TuuliWatti Oy has placed a firm and unconditional order for 27 V126-3.45 MW turbines for the Simo III project in the province of Lapland, Finland. With Simo III, Vestas has announced more than 500 MW of orders for the V126 in Finland alone.

      With reference to Vestas Wind Systems A/S company announcement No. 48/2015 of 30 September 2015, Vestas has received a firm and unconditional order for the largest wind power plant in Finland to date. The order for the Simo III project comprises 27 x V126-3.45 MW turbines and includes delivery, installation, and a 10-year Active Output Management (AOM) 5000 service agreement. The delivery of turbines is expected to start in 2016, with commissioning in 2016 and 2017.

      The V126-3.45 MW is specifically designed for low-wind sites and with more than 500 MW ordered in Finland alone, the V126 has already proven how well-suited it is for the challenging Nordic climate . The V126-3.45 MW’s high performance on low-wind sites is highlighted by its Annual Energy Production (AEP) that can be up to 20 percent higher compared to the V112-3.0 MW on sites with average wind speeds of 6.5 m/s.

      “TuuliWatti Oy is pleased to be working with Vestas to deliver what is going to be the largest wind project in Finland. Vestas’ track record and performance in the Finnish market and the V126 turbine’s suitability for Finland were key factors in TuuliWatti Oy selecting Vestas. We were especially impressed by the AEP increases that accompany the V126-3.45 MW technology” says Mr Jari Suominen, Managing Director, TuuliWatti Oy.

      We are very pleased that TuuliWatti Oy has chosen one of our top performers on low-wind sites, the V126-3.45MW, for Finland’s soon to be largest wind power plant. With this project, we build on our strong collaboration with TuuliWatti Oy from previous record projects like the 73 MW Kalajoki wind farm, which was Finland’s very first large-scale wind power plant at the time of order”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      Having received orders for more than 700 MW since 2011 in Finland, Vestas has established a strong presence in this increasingly important Nordic market in terms of installed capacity and service capabilities.

      For more information, please contact:
      Kresten Ørnbjerg Christensen
      Marketing, Market Intel & Communications
      Vestas Northern Europe
      Tel: +46(0)725125894
      Email:  kroch@vestas.com

      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      If you are writing about Vestas and need relevant, updated pictures please visit:
      https://www.vestas.com/en/media/images

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

      For yderligere information og/eller for at arrangere et interview med Klaus Steen Mortensen, venligst kontakt:

      Michael Zarin, Head of External Communications
      Tlf.: 4084 1526

      En ”news release” fra Vestas Northern Europe vedr. ovennævnte ordre vil ligeledes blive offentliggjort på vestas.com under ”Company News”. 

      Download press release (pdf)

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      12:37 - 30 Sep 2015

      Vestas receives 93 MW order in Finland

      Vestas has received a firm and unconditional order for 27 V126-3.45 MW turbines in Finland, comprising a total of 93 MW.

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      Vestas has received a firm and unconditional order for 27 V126-3.45 MW turbines in Finland, comprising a total of 93 MW.

      Additional information about the project:

      Customer: TuuliWatti Oy
      Project name: Simo III
      Location/Country: Simo, Finland
      Number of MW: 93 MW
      Number of turbines/turbine type 27 x V126-3.45 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, together with a 10-year Active Output Management 5000 service agreement.
      Time of delivery The delivery of turbines is expected to begin in 2016, with commissioning in 2016 and 2017.

      Total year-to-date announced order intake in MW: 5,749 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Northern Europe
      Klaus Steen Mortensen, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      16:20 - 29 Sep 2015

      Vestas receives 126 MW Thailand order

      he order will be Vestas’ first large-scale wind park in Thailand and one of Southeast Asia’s largest.

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      The order will be Vestas’ first large-scale wind park in Thailand and one of Southeast Asia’s largest.

      With reference to Vestas Wind Systems A/S company announcement No. 47 of 29 September 2015, Vestas has received a firm and unconditional order for the 126 MW Had Kanghan project, located in the Songkla and Nakhon Si Thamarat provinces of Thailand.  Placed by Energy Absolute PCL, the order comprises 70 units of the V110-1.8 MW turbine, which will help Thailand reduce its reliance on imported fossil fuels, thus increasing its energy independence. 

      Somphote Ahunai, Chief Executive Officer of Energy Absolute PCL says “As one of the leading renewable energy companies in Thailand, Energy Absolute PCL has found in Vestas the right partner for this project, a company with a proven track record of business case certainty and developing wind projects in emerging markets like Thailand. We believe the partnership with Vestas will bring huge success for us in our first wind power project”.

      Chris Beaufait, President of Vestas Asia Pacific & China, says “We are pleased that Energy Absolute has selected Vestas to partner with them for their first wind energy project, which will contribute to enhancing Thailand’s energy independence”.  Beaufait continues, “With our technologically advanced 2 MW variant turbine and our unique tower crane solution, which is well-suited for this project, Vestas can provide Energy Absolute an superior annual energy production and low cost of energy, helping to secure business case certainty for their investment”.

      Delivery is expected in 2016 with commissioning in the same year. Vestas will be responsible for the supply, supervision of erection, and commissioning of the turbines. The project also includes a five-year AOM 4000 service contract, in which Vestas guarantees a defined level of availability and performance.

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For updated Vestas photographs and videos, please visit our media images page on https://www.vestas.com/en/media/images 

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

       Download news release (pdf)

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      16:14 - 29 Sep 2015

      Vestas receives 126 MW order in Thailand

      Vestas has received a firm and unconditional order for 70 V110-1.8 MW turbines for a project in Thailand, with a total capacity of 126 MW.

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      Vestas has received a firm and unconditional order for 70 V110-1.8 MW turbines for a project in Thailand, with a total capacity of 126 MW.

      Additional information about the project:

      Customer: Energy Absolute PCL
      Project name(s): Had Kanghan 1, 2 and 3
      Location/Country: Thailand
      Number of MW: 126 MW
      Number of turbines/turbine type 70 x V110-1.8 MW turbines
      Contract type: Supply-only
      Contract scope: The contract covers supply, supervision of the installation, and commissioning of the wind turbines, and includes a five-year Active Output Management 4000 service agreement.
      Time of delivery Delivery is expected in 2016 with commissioning in the same year.

      Total year-to-date announced order intake in MW: 5,656 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Asia Pacific & China
      Chris Beaufait, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      09:11 - 15 Sep 2015

      HydroChina places first order with Vestas for 24 MW wind park in Vietnam

      HydroChina places first order with Vestas for 24 MW wind park in Vietnam

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      The firm and unconditional order consists of 12 V100-2.0 MW for the Phu Lac wind park in the Tuy Phong district of southeastern Vietnam and will be the largest Vestas-supplied wind park in Vietnam.

      The project includes a five-year AOM 4000 service contract in which Vestas guarantees a defined level of availability and performance as well as a SCADA system for data-driven monitoring and preventive maintenance. Vestas will supply the turbines and supervise the installation and commissioning of the wind park.

      In 2011, Vestas installed one of Vietnam’s first commercial wind parks on the Phu Quy island, and is pleased to support Vietnam in reaping its abundant wind resources, which are among the richest in Southeast Asia. Vestas will set up a local service team in Vietnam to service the Phu Lac wind park and further support the development of wind energy in Vietnam.

      “Wind power is an independent, competitive, and clean energy source that helps Vietnam to meet its growing electricity demand”, said Chris Beaufait, President of Vestas Asia Pacific and China, “and we have the ambition to closely support the future development of the wind power sector in this market".

      “The Phu Lac wind park will be an important milestone in Vietnam’s nascent wind energy sector and we’re confident that Hydrochina's quality EPC service and Vestas’ strong track record in emerging markets will ensure the success of the Phu Lac wind park”, said Dr. Chen Guanfu, President of HydroChina International.

      Mr. Thinh Bui Van, CEO of EVN TBW, the project owner, said “I have confidence in Vestas and HydroChina to complete the Phu Lac wind farm successfully so that it may serve as a best practice example in the market”.

      The order reinforces the global strategic partnership embodied in the collaboration agreement Vestas and HydroChina signed in May 2015.

      For more information, please contact: 
      Zhang Hua, Head of Communications
      Vestas Asia Pacific and China
      Tel:  +86 10 5923 2000
      Mail:  huznh@vestas.com

      Download the press release (PDF) here. 

      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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 http://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://instagram.com/vestas
      • https://plus.google.com/+vestas

      Close article
      10:08 - 14 Sep 2015

      Vestas introduces new larger-rotor, higher performing 3 MW turbine variant

      Vestas introduces new larger-rotor, higher performing 3 MW turbine variant

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      The V136-3.45 MW turbine increases energy output and reduces both levelised cost of energy and sound emissions in low-wind conditions.

      The V136-3.45 MW turbine is the newest variant of the proven 3 MW platform, which Vestas continuously optimises to strengthen its product offerings. Raising the bar for low-wind site performance, the V136-3.45 MW combines Vestas’ largest onshore rotor diameter, the Vestas-patented Large Diameter Steel Tower technology, and our most advanced blade design to-date.  It enables Vestas to increase annual energy production by more than 10 percent compared to the V126-3.3 MW, while at the same time decreasing sound emission levels.

      Anders Vedel, Executive Vice President for Technology and Service Solutions, says that “Combining advanced technology and the proven performance of the 3 MW platform enables the V136-3.45 MW to reduce the cost of energy even further. The bigger rotor, taller tower, and advanced aerofoil blade design make this new turbine variant ideal for low-wind sites, which comprise an increasingly important market segment in some countries".  

      The first V136-3.45 MW turbine is expected to be installed at the Østerild national test center for large turbines in northwestern Denmark during 2016. It is expected to be ready for serial production in the second half of 2017.

      For more information, please contact:
      Michael Zarin
      Head of External Communications & Media Relations
      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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:

      Download the press release (PDF) here

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      20:56 - 11 Sep 2015

      Vestas receives first order from Xcel Energy for 200 MW project in North Dakota

      The order consists of 100 V100-2.0 MW of which Vestas has installed more than 3 GW across the globe.

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       The order consists of 100 V100-2.0 MW of which Vestas has installed more than 3 GW across the globe.

       

      With reference to Vestas Wind Systems A/S company announcement No. 46/2015 of 11 September 2015, Vestas has received a firm and unconditional order in the United States for 100 V100-2.0 MW turbines to power the Courtenay wind power plant in Stutsman County, North Dakota. 

      The order, placed by Xcel Energy Inc., includes supply and commissioning of the wind turbines as well as a three-year Active Output Management (AOM) 4000 service agreement, which delivers full-scope service to maximize turbine availability. Installation and commissioning of the turbines is expected in 2016. 

      The Courtenay project was originally developed by Minnesota-based Geronimo Energy, and purchased by Xcel Energy in April 2015.

      We’ve been the nation’s No. 1 utility wind provider in the U.S. for 11 consecutive years, and we are pleased to partner with Vestas,” said Kent Larson, Xcel Energy’s executive vice president and group president, Operations. “When complete, the Courtenay Wind Farm project will boast 100 Vestas turbines. This will generate enough electricity for about 105,000 homes, making use of North Dakota’s abundant renewable resource.”
      “Xcel Energy is a national leader in wind power,”
      says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We welcome them as a new Vestas customer and are confident our highly proven V100-2.0 MW turbine will ensure Xcel delivers clean, reliable power to their customers at a competitive cost.”

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of 30 June 2015, Vestas had installed about 13,700 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA.  Approximately 4,000 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      About Xcel Energy 
      Xcel Energy is a major U.S. electric and natural gas company, with annual revenues of $11.7 billion. Based in Minneapolis, Minn., Xcel has regulated operations in eight Midwestern and Western states, and provides a comprehensive portfolio of energy-related products and services to approximately 3.5 million electricity customers and 2 million natural gas customers through four operating companies.

      Download press release (pdf)

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      20:45 - 11 Sep 2015

      Vestas receives 200 MW order in the USA

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      Vestas has received a firm and unconditional order for 100 V100-2.0 MW turbines in North Dakota, USA, with a total capacity of 200 MW (ref. company announcement No. 40/2015 of 9 July 2015).

      Additional information about the project:

      Customer: Xcel Energy Inc.
      Project name: Courtenay
      Location/Country: North Dakota, USA
      Number of MW: 200 MW
      Number of turbines/turbine type 100 x V100-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a three-year Active Output Management 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in third quarter of 2016, with commissioning planned for fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 5,506 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209 

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      14:13 - 10 Sep 2015

      Vestas wins new U.S. service agreement featuring broad asset management responsibilities

      Vestas wins new U.S. service agreement featuring broad asset management responsibilities

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      Agreement with Renewable Energy Trust Capital (RET Capital) highlights Vestas’ increased flexibility and scope in service offerings.

      The agreement covering the 102 MW Coram Wind Project located in the Tehachapi region of California reflects Vestas’ service business flexibility as Vestas will serve as RET Capital’s on-site asset manager, with responsibility for 24/7 surveillance, reporting to power purchaser Pacific Gas & Electric (PG&E), responding to curtailment requests, and managing the entire physical asset.

      In addition to a 5-year Active Output Management (AOM) 5000 package, which maximizes energy production and includes options on energy-based guarantees, the agreement also covers maintenance of balance-of-plant electrical equipment, wildlife and vegetation management, care of meteorological equipment, road and fencing maintenance, and other tasks.   

      On July 2, 2015, the Coram project consisting of 34 V90-3.0 MW turbines was purchased by RET Capital from BAIF US Renewable Power Holdings. Simultaneous with taking possession of the project, RET Capital engaged Vestas as “service provider plus” for the facility.

      “We’re very pleased to be working with a high quality organization like Vestas in this comprehensive manner, and look forward to pursuing other opportunities together in the future,” said John Bohn, Chief Executive Officer and Chairman of RET Capital. 
       
      “The wind industry is evolving with the entry of financial investors seeking dependable cash flows from smoothly operating projects employing mature technology,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “As the industry changes, Vestas is changing with it, tailoring our traditional service approach to meet customer needs, including a complete asset management solution. Combined with our unique ability to continuously improve the productivity of Vestas turbines throughout their operating lifetimes, we think that’s an unbeatable combination.”

      For more information, please contact:
      Michael Zarin
      Head of External Communications & Media Relations
      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of 30 June 2015, Vestas had installed about 13,700 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA.  Approximately 4,000 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      About Renewable Energy Trust Capital
      RET Capital is a leading growth and asset management platform for the renewable energy industry with offices in New York and San Francisco. It is collaborating with developers and other industry stakeholders to lower their cost of capital, increase standardization, and facilitate accelerated growth.  RET Capital’s lead investor is BlueMountain Capital Management, an investment firm with approximately $21 billion of assets under management and offices in New York and London.

      For additional information, please visit: www.renewabletrust.com

      Download the press release (PDF) here.

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      11:09 - 04 Sep 2015

      Vestas supplies 40 MW for citizen-owned wind park in Germany

      Vestas supplies 40 MW for citizen-owned wind park in Germany

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      Windpark Kalkriese GmbH & Co. KG has placed an order for 12 V126-3.3 MW for a 39.6 MW wind park in Lower Saxony. The project will use Vestas’ patented Large Diameter Steel Towers to achieve higher hub heights and increased annual energy production.

      The turbines will be installed in Kalkriese in the county of Osnabruck in Lower Saxony, with delivery expected to start in the beginning of the first quarter of 2016 and commissioning expected by the end of the second quarter of 2016. The site’s construction regulations allow a tip height of 200 meter and the project will therefore utilise the Vestas-patented Large Diameter Steel Towers with 137 meter hub heights to maximise energy output.

      The contract comprises supply, foundation works, installation and commissioning of the turbines, along with a 16-year full-scope service agreement (AOM 5000) as well as a VestasOnline® Business SCADA solution to maximise production and minimise downtime.

      “Our decision to choose Vestas V126-3.3 MW was mainly based on our evaluation of its profitability”, says Ralf Große-Endebrock managing director of the Kalkriese power plant. “During procurement Vestas also provided insight to the development, production and performance of the V126-3.3 MW, which together with the collaborative and professional approach of the Vestas Sales representatives convinced us that Vestas could deliver the best wind energy solution for our Kalkriese site”.

      “I am glad to see the demand for our V126-3.3 MW continues to rise in Germany”, says Knud E. Rissel, Vice President Sales Germany. “The Kalkriese project is a great example of the value that Vestas’ Large Diameter Steel Towers bring to a site that allows for higher hub heights. The people of Kalkriese are taking a pioneering role with the size and capacity of their citizen-owned wind park, and we are very pleased they have chosen us as the supplier of choice”.

      For more information
      Julia Fuamba
      Communications Partner
      Tel: +49 40 46778 5188
      Mobile: +49 (0) 151 151 33189
      Email: jufua@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas entered the German market in 1986. Since then, the company has delivered about 7,000 turbines representing a total capacity of more than 10,300 MW to this key market.  Vestas’ full wind energy value chain is represented in Germany: R&D, production, sales locations along with a unique service infrastructure as well as business unit headquarters. Vestas employs around 1,900 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:

      Download the press release (PDF) here

       

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      20:03 - 02 Sep 2015

      Vestas secures 70 MW order in Uruguay

      The order for 35 units of the V110-2.0 MW model is Vestas’ first contract with Abengoa.

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      The order for 35 units of the V110-2.0 MW model is Vestas’ first contract with Abengoa.

      With reference to Vestas Wind Systems A/S company announcement No. 45/2015 of 2 September 2015, Vestas has received a firm and unconditional order to supply the 70 MW Palomas wind power plant in the northwestern department of Salto, Uruguay.  Teyma Uruguay S.A., the Uruguayan subsidiary of Spain-based Abengoa, has placed the order, which will be Vestas’ first project together with Abengoa.

      The project comprises a 10-year Active Output Management (AOM) 4000 service agreement to optimise the energy production of the Palomas wind power plant. Wind turbine delivery is expected for the first quarter of 2016 while commissioning is planned for the second quarter of 2016.

      Marco Graziano, President of Vestas Mediterranean, says: “This new order is another step forward in consolidating our growth in Latin America. We are particularly pleased to partner for the first time with Abengoa, and we hope that the successful execution of the Palomas wind power plant will bring about new opportunities for both companies”.

      The recent orders for the Palomas and Florida II projects bring Vestas’ year-to-date announced orders in Uruguay to 120 MW and reinforce Vestas’ leading position in the country. Vestas entered the Uruguayan market in 2008 and has since installed over 300 MW, which contributes to Uruguay achieving its goal to generate 38 percent of its electricity from wind power by 2017.

      For more information, please contact:
      Magnus Bach
      Marketing Director, Vestas Mediterranean & Latin America
      Tel.: +34 628 02 72 86
      Email: magba@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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://instagram.com/vestas/
      • https://plus.google.com/+vestas

      Download news release (pdf)

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      19:52 - 02 Sep 2015

      Vestas receives 70 MW order in Uruguay

      Vestas has received a firm and unconditional order for 35 V110-2.0 MW turbines in Uruguay, with a total capacity of 70 MW.

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      Vestas has received a firm and unconditional order for 35 V110-2.0 MW turbines in Uruguay, with a total capacity of 70 MW.

      Additional information about the project:

      Customer: Teyma Uruguay S.A.
      Project name: Palomas
      Location/Country: Departamento de Salto, Uruguay
      Number of MW: 70 MW
      Number of turbines/turbine type 35 x V110-2.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, together with a 10-year Active Output Management 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in first quarter of 2016, with commissioning expected in second quarter of 2016.

      Total year-to-date announced order intake in MW: 5,266 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      09:55 - 01 Sep 2015

      Vestas wins 33 MW turbine order in Sweden

      Vestas wins 33 MW turbine order in Sweden

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      Allianz Capital Partners has placed an order with Vestas for the Mombyåsen project in Sweden. The order takes Vestas’ firm order intake on the V126-3.3 MW in Sweden close to 200 MW.

      The order for the Mombyåsen project comprises 10 V126-3.3 MW turbines and includes delivery, installation and commissioning of the turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement. Delivery of the turbines is expected to take place in second quarter of 2016, with commissioning expected to start in third quarter of 2016.

      Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments. With a combined generation capacity of more than 1,200 MW, it is one of the world's largest financial investors in renewable energy. Arise AB, a well-established developer with a large portfolio primarily in Sweden, has developed the Mombyåsen project and will manage the construction of the wind power plant.

      “We are very pleased to further strengthen our position in the Swedish wind market by acquiring the Mombyåsen project – our fourth wind park in Sweden”, said David Jones, Head of Renewable Energy at Allianz Capital Partners. “We are looking forward to working with both Arise and Vestas to ensure the smooth construction and optimal long-term operation of the asset”.

      We look forward to working with our key supplier Vestas to bring yet another wind power project to the Swedish market.  Vestas has competitive technology, comprehensive capabilities within service and foremost the lowest cost of energy over the lifetime of the project”, says Peter Nygren, CEO at Arise AB.

      “We appreciate our partnership with both Allianz and Arise, and we thank them for choosing Vestas’ state-of-the-art technology with the lowest cost of energy. We look forward to a close collaboration from the earliest stages of the project through to completion and operation”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      For more information, please contact:
      Kresten Ø. Christensen
      Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email: kroch@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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:

      About Allianz Capital Partners
      Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages more than EUR 13 billion of alternative assets. The investment focus is on direct investments in infrastructure and renewable energy as well as private equity fund investments. ACP’s investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies. www.allianzcapitalpartners.com

      About Arise AB
      Arise is one of Sweden’s largest windfarm operators with 261 MW own production and additional 225 MW under management for others, including the Mombyåsen project. Arise is an energy company with the resources and experience required to handle the entire value chain, from planning, permit applications and wind measurements, to the construction and management of a wind farm for a period of 25 years or more. Arise business concept is to produce and sell self-produced, renewable electricity and to construct and operate wind farms on behalf of others. www.arise.se

      Download the press release (PDF) here

       

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      10:44 - 28 Aug 2015

      Vestas receives 73 MW turbine order in Finland

      With reference to Vestas Wind Systems A/S' company announcement No. 44/2015 of 28 August 2015, wpd has placed an order with Vestas for the Tohkoja project in Kalajoki, Finland, set to be one of the largest wind power plants in the country.

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      With reference to Vestas Wind Systems A/S' company announcement No. 44/2015 of 28 August 2015, wpd has placed an order with Vestas for the Tohkoja project in Kalajoki, Finland, set to be one of the largest wind power plants in the country.

      The Tohkoja project order comprises 22 V117-3.3 MW turbines, equipped with the Vestas De-icing System.  The order includes delivery, installation, and a 15-year Active Output Management (AOM) 5000 service agreement. Delivery of the turbines is expected to begin in the second quarter of 2016, with commissioning expected to be completed in the fourth quarter of 2016.

      wpd is one of Europe’s leading wind power developers with more than 270 projects in Germany alone. The Tohkoja wind power plant will be the developer’s third wind project in Finland.

      We have already cooperated well with Vestas on many projects, and we look forward to a successful implementation of the Tohkoja wind farm as well”, says Lars Müller, Head of Turbine Procurement, at wpd.

      Klaus Steen Mortensen, President Vestas Northern Europe notes, “This project features the Vestas De-icing System, which ensures efficient operation even when ice build-up conditions exist.  After many years of close collaboration on wind energy projects in Germany, we are pleased to be working with wpd on what will become one of the largest wind parks in Finland”.

      For more information, please contact:
      Kresten Ø. Christensen, Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email:  kroch@vestas.com

      About the Vestas De-icing System (VDS)
      Easily serviceable from within the hub and inside the blade, VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage. VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice buildup occurs. VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy.

      About wpd
      The wpd AG develops and operates onshore and offshore wind farms, and is actively engaged in 17 countries around the world; the head office is in Bremen. The wpd AG has already realised wind energy projects with an output of 3,000 megawatt. Through its subsidiary company established in Espoo, wpd Finland Oy, wpd is working on the implementation of more than 750 MW and has additionally developed the 480 MW offshore project Suurhiekka.  Stadtwerke München (SWM) hold a share of 33 percent of wpd europe GmbH. This joint venture covers the international onshore wind power activities of wpd in Europe (outside of Germany) and Canada.  www.wpd.de 

      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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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 news release (pdf)

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      10:33 - 28 Aug 2015

      Vestas receives 73 MW order in Finland

      Vestas has received a firm and unconditional order in Finland, comprising 22 V117-3.3 MW turbines, with a total capacity of 73 MW.

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      Vestas has received a firm and unconditional order in Finland, comprising 22 V117-3.3 MW turbines, with a total capacity of 73 MW.

      Additional information about the project:

      Customer: wpd
      Project name: Tohkoja
      Location/Country: Kalajoki, Finland
      Number of MW: 73 MW
      Number of turbines/turbine type 22 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation, and commission-ing of the wind turbines, as well as a 15-year Active Output Management 5000 service agreement. In addition, the contract includes the Vestas De-icing System (VDS).
      Time of delivery Delivery of the wind turbines is expected to begin in the second quarter of 2016, with commissioning expected to be completed in the fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 5,163 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Northern Europe,
      Klaus Steen Mortensen, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      10:01 - 27 Aug 2015

      Vestas receives 26 MW order for citizen-owned wind park in southern Germany

      Vestas receives 26 MW order for citizen-owned wind park in southern Germany

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      Windpark Kirchberg GmbH & Co.KG has placed an order of eight V126-3.3 MW for a 26.4 MW wind park in Baden Wurttemberg. With over 90 percent share, local citizens will own a larger share of this wind park than any other in southern Germany.

      The turbines will be installed in the Hohenlohe region in northeast Baden Wurttemberg, with delivery expected to start in the first quarter of 2016 and commissioning expected to be completed in the second quarter of 2016.  The project will utilise the Vestas-patented Large Diameter Steel Towers with 137 meter hub heights.

      The contract comprises supply, installation and commissioning of the turbines, along with a 15-year full-scope service agreement (AOM 4000) as well as a VestasOnline® Business SCADA solution to maximise production and minimise downtime.

      “Our wind energy project is a wonderful example of a privately owned wind farm. With more than 90 percent of the capital being provided by people from the region, no privately-owned wind farm in southern Germany has as large a citizen share as this great project”, say Ralf Stier and Georg Persigehl managing directors of the Kirchberg/Jagst power plant. “We were convinced by the V126-3.3 MW technology and high performance. Doing business with Vestas already for more than a decade, we know we have a reliable partner for the lifetime of the wind farm, and are very confident that we selected the right partner for this showcase project for the energy transition in southern Germany”.

      “Our large diameter steel towers take advantage of stronger wind conditions at higher hub heights.  Combining this with our proven 3 MW platform is an optimal choice to harvest more power in low wind areas and to lower the cost of energy – both of which support our customer’s business case. To this end, the citizen-owned wind power plant in Kirchberg Jagst shows the competitiveness of our wind energy solutions in southern Germany and is a key part of ensuring support for wind power in this region”, says Mr. Knud E. Rissel, Vice President Sales Germany.

      The wind power plant will produce enough green energy to cover the residential electricity consumption of more than 10,000 German four-person-households and is a good example of how citizen-owned wind power plants support the transition to a more renewable energy mix.


      For more information

      Julia Fuamba, Communications Partner
      Tel: +49 40 46778 5188
      Mobile: +49 (0) 151 151 33189
      Email: jufua@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas entered the German market in 1986. Since then, the company has delivered about 7,000 turbines representing a total capacity of more than 10,300 MW to this key market.  Vestas’ full wind energy value chain is represented in Germany: R&D, production, sales locations along with a unique service infrastructure as well as business unit headquarters. Vestas employs around 1,900 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
      • https://plus.google.com/+vestas/

      Download the press release (PDF) here.

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      14:46 - 26 Aug 2015

      Vestas to supply wind project in India

      Vestas to supply wind project in India

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      Vestas has received a firm and unconditional order for 20 V110-2.0 MW turbines for a wind power plant in Gujarat State, India.

      The order for the Khambaliya project is an extension of an existing contract with Powerica Ltd., a rising power solutions provider in India. Among the 40 MW for this project, 12 MW constitutes an upgrade from a part of a previous order for turbines with the V100 platform, and the remaining 28 MW is newly added. 

      The order includes the supply, installation and commissioning of the turbines, which is expected to be completed in the second quarter of 2016, as well as a five-year service contract for Vestas’ premium service package, the Active Output Management (AOM) 5000, in which Vestas guarantees a defined level of availability and performance.  The V110-2.0 MW turbine is the latest addition to Vestas’ 2 MW-platform and is well-suited for the low-wind sites in India.

      “This contract with Vestas will enhance our wind power portfolio. Vestas is a trusted partner and we will continue to work with them to expand this relationship even more”, says Naresh Oberoi, Chairman of Powerica.

      Jorn Hammer, Head of Vestas India, adds, “We are strengthening our operations in India, and this order confirms we are on the right track and making good progress.  We look forward to working with Powerica to deliver a top-performing wind energy power plant”. 

      For more information, please contact: 
      Zhang Hua, Head of Communications
      Vestas Asia Pacific and China
      Tel:  +86 10 5923 2000
      Mail:  huznh@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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 Powerica Limited
      Powerica is a leading manufacturer of Cummins Diesel and Gas Generators in India. Over the last 35 years, Powerica have been engaged in manufacture and servicing of DG Sets for all sectors of the economy. Powerica has a work force of over 1,400 including 300 trained & well experienced Sales & Service Engineers. Powerica is well equipped with 18 sales & service branches and three state-of- the-art manufacturing units (for DTA, EOU & SEZ sectors) across India, to deliver best in quality product and services to all market segments. In order to meet the diversified and complex power needs of customers, Powerica has established itself as a one-stop-shop for complete power solutions. Powerica works on the principle of 'A Promise for Power' and makes sure to fulfill its commitment to ensure customer delight. Powerica embarked on the clean power journey in 2008 and has a wind power portfolio of 144 MW installed.

      Download the press release (PDF) here.

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      11:49 - 24 Aug 2015

      Additional information in the market regarding MHI Vestas Offshore Wind and an offshore project in Germany

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      Today there is additional information in the market regarding an offshore project in Germany (ref. company announcement No. 31/2015 of 10 June 2015).

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding delivery of the V164-8.0 MW turbine for the 450 MW Borkum Riffgrund II project in Germany.

      If and when the project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209



      More information about this announcement can be found at http://www.mhivestasoffshore.com/media/.

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 percent) and Mitsubishi Heavy Industries (MHI) (50 percent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel: +45 2250 7131
      Email: matke@mhivestasoffshore.com

      Download Company announcement (pdf)

       

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      10:21 - 24 Aug 2015

      Vestas receives 50 MW order in Uruguay

      Vestas receives 50 MW order in Uruguay

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      Vestas has received a firm and unconditional order of 15 V117-3.3 MW for the Florida II project in Uruguay’s department of Florida.

      The order is placed by Glymont S.A., a project company jointly owned by Akuo Energy and Eurus Energy America, and comprises 15 V117-3.3 MW turbines, which are well-suited for the medium and low-wind sites with high turbulence found in Uruguay’s Florida department.

      The agreement includes the supply, installation and commissioning of the wind turbines, a 10-year Active Output Management (AOM) 4000 service agreement to maximise energy production, and Vestas’ Supervisory Control and Data Acquisition (SCADA) system to monitor data on wind turbine performance and ensure electricity output is constantly optimised.

      Wind turbine delivery is expected to begin in the first quarter of 2016, with commissioning expected for the third quarter of 2016. The project is an extension of the Florida I wind farm, which Akuo Energy S.A.S. developed two years ago. Underlining Vestas’ ability to deliver projects in emerging wind energy markets, the project will add to the 311 MW Vestas has already installed in Uruguay.  The electricity generated by Florida II will be directly purchased by UTE, Uruguay’s state-owned grid operator.

      “Florida II will be Akuo’s third wind project in Uruguay, resulting in a total installed capacity of 142 MW, making us one of the three largest independent power producers in the country. Both Akuo and Eurus are pleased to partner with Vestas and are confident that its cutting-edge technologies and expertise will help us maximise the production of this wind power plant”, says Eric Scotto, CEO and co-founder of Akuo Energy.

      Marco Graziano, President of Vestas Mediterranean, states that “Uruguay is taking sound measures to almost triple its use of wind power and we are pleased to partner with Glymont S.A. to contribute to the developing of wind power in the country”.

      For more information, please contact:
      Irene Rodriguez Alvarez
      Communication Partner, Vestas Mediterranean
      Tel:  +34 91 362 8113
      Email: irral@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 54,900 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 74 countries, providing jobs for around 18,800 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 69 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:

      Download the press release (PDF) here

      Close article
      08:34 - 19 Aug 2015

      Interim Financial report, second quarter 2015

      Revenue, earnings, and free cash flow increased compared to the second quarter of 2014. Outlook for 2015 maintained.

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      Revenue, earnings, and free cash flow increased compared to the second quarter of 2014. Outlook for 2015 maintained.

      Summary: In the second quarter of 2015, Vestas generated revenue of EUR 1,749m – an increase of 30 percent compared to the year-earlier period. EBIT before special items increased by EUR 41m to EUR 145m. The EBIT margin before special items was 8.3 percent and the free cash flow increased by EUR 204m to EUR 183m compared to the second quarter of 2014.

      The intake of firm and unconditional wind turbine orders amounted to 3,018 MW in the second quarter of 2015. The value of the wind turbine order backlog amounted to EUR 8.8bn at 30 June 2015. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 8.1bn at the end of June 2015. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 16.9bn – an increase of EUR 3.0bn compared to the year-earlier period.

      Vestas maintains its full-year guidance of revenue of minimum EUR 7.5bn, an EBIT margin before special items of minimum 8.5 percent, total investments of approx EUR 350m, and free cash flow of minimum EUR 600m.

      Group President & CEO Anders Runevad said: “Vestas continued to execute well on our strategy in the second quarter of 2015, delivering a strong result on our key financial and operational parameters. Order intake was particularly strong, and with a combined order backlog of EUR 16.9bn we are well-positioned for the future. I am very pleased with our employees’ performance across the globe, which secures Vestas’ position as the wind industry leader. The profitable growth strategy is firmly on track as we leverage our key strengths – global reach, technology & service leadership, and scale”.

      Key highlights

      Very strong order intake in the quarter
      Order intake in Q2 2015 reached 3,018 MW – up 56 percent.

      Largest combined order backlog ever
      Wind turbine and service order backlog of EUR 16.9bn.

      Return on invested capital (ROIC) remains at record high level
      ROIC increased to 55 percent (TTM).

      Earnings continue to improve
      EBIT before special items of EUR 145m – up 39 percent – equal to a margin of 8.3 percent.

      Continued strong cash flow
      Free cash flow of EUR 183m strongly impacted by an increase in the cash flow from operating activities.

      Information meeting (audiocast)
      Today, Wednesday 19 August 2015, at 10 a.m. CEST (9 a.m. BST), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor.

      The meeting will be held in English and questions may be asked through a conference call. The telephone numbers for the conference call are:

      Europe: +44 203 428 1408
      USA: +1 866 388 1923
      Denmark: +45 8233 3178

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Wind Systems A/S
      Hedeager 42
      8200 Aarhus N
      Denmark

      Company reg. No.: 10 40 37 82
      Tel: +45 9730 0000
      Fax: +45 9730 0001
      vestas@vestas.com

      Download the interim financial report for Q2 2015

      Close article
      09:34 - 14 Aug 2015

      Vestas appoints new President for Central Europe business unit

      Vestas appoints new President for Central Europe business unit

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      Nils de Baar to become Group Senior Vice President and President of Vestas Central Europe on September 1, 2015.

      Nils de Baar, currently Vice President and Head of Global Customer Accounts at Ericsson’s headquarters in Stockholm, will join Vestas on September 1.  He will be based at Vestas’ Central Europe headquarters in Hamburg, Germany. 

      Vestas Chief Sales Officer Juan Araluce says, “I am pleased to welcome Nils de Baar as Group Senior Vice President and President of Vestas Central Europe.  With his solid commercial background and extensive international experience, Nils will continue to develop and strengthen our competitive position in this significant market, and we look forward to welcoming him onboard”.

      Nils de Baar adds, “I am really excited to join Vestas.  As the global wind leader, Vestas has a strong and unique market position, creating a positive impact for our planet and for generations to come. I look forward to meeting my new colleagues and to quickly getting up to speed in a new industry”.

      Nils de Baar succeeds Christoph Vogel, Group Senior Vice President and President of Vestas Central Europe, who has decided to leave Vestas for personal reasons. Juan Araluce concludes, “Christoph Vogel has led daily operations in Vestas Central Europe since June 2014, and I thank him for his contributions to our work in this region”.

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

      About Nils de Baar
      Nils de Baar, a Dutch national, has extensive international commercial and leadership experience at Ericsson where he has held various positions for more than 19 years as well as with other international enterprises. Most recently, Nils has served as Vice President and Head of Global Customer Accounts at Ericsson.  He has also served as President of Ericsson Netherlands and President of Market Unit Northern Europe as well as Head of the Global Customer Unit for Deutsche Telekom in Germany.  Nils earned a Master’s Degree in Business Economics at Erasmus Universiteit in Rotterdam.

      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      The Vestas Central Europe headquarters 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 vestas.com and following us on our social media channels:

      Download the press release (PDF) here

      Close article
      19:52 - 11 Aug 2015

      Vestas receives 100 MW order in the USA

      Vestas has received a firm and unconditional order in the USA, consisting of 50 V110-2.0 MW turbines, with a total capacity of 100 MW.

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      Vestas has received a firm and unconditional order in the USA, consisting of 50 V110-2.0 MW turbines, with a total capacity of 100 MW.

      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: 100 MW
      Number of turbines/turbine type 50 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract 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 of the wind turbines is expected to take place during third quarter of 2016.

      Total year-to-date announced order intake in MW: 4,435 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Wind technology
      Chris Brown, President 

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

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

      Download company announcement (pdf)

      Close article
      10:12 - 22 Jul 2015

      Vestas wins 46 MW project in India

      Vestas wins 46 MW project in India

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      Vestas has received a firm and unconditional order for 23 V110-2.0 MW turbines for a wind power plant in the Indian State of Karnataka.

      The project, which is expected to power approximately 100,000 Indian households, includes a 15-year Active Output Management (AOM) 5000 service contract, in which Vestas guarantees a defined level of availability and performance.  The project also includes the supply of foundations and SCADA Vestas Business Online for data-driven monitoring and preventive maintenance.

      Delivery and commissioning are expected during the second quarter of 2016. Vestas will be responsible for the supply and installation of the wind turbines.

      “We are very pleased with this order. It proves the strength of the V110-2.0 MW and Vestas’ strong service set-up in the Indian market,” says Jorn Hammer, Vestas Senior Vice President and Head of India.

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

      Contact information: 
      Zhang Hua, Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail: huznh@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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:

       Download the press release (PDF) here

      Close article
      11:25 - 16 Jul 2015

      Vestas wins 26 MW project in South Korea

      Vestas wins 26 MW project in South Korea

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      Vestas receives firm and unconditional order for 13 V100-2.0 MW turbines for a wind power plant in South Korea’s northeastern Gangwon Province. These will be Vestas’ first V100 wind turbines in the country.

      The order was placed by one of the largest South Korean conglomerates which has been active in the wind power industry as a project developer and EPC contractor.

      “South Korea is an increasingly attractive wind energy market as the country continues diversifying its energy mix to reduce its dependence on nuclear power and imported fossil fuels. We are able to help maximise the customer’s return on investment by offering a competitive cost of energy”, says Danny Nielsen, Head of Vestas Pan-Asia.

      Delivery and commissioning are expected during the second half of 2016. Vestas will be responsible for the supply and installation of the wind turbines.

      The project, with an expected annual power production of 76.6 GWh, includes a 10-year Active Output Management (AOM) 4000 service contract, in which Vestas guarantees a defined level of availability and performance. The project also includes SCADA Vestas Business Online for data-driven monitoring and preventive maintenance.

      Vestas has an installed capacity of 226 MW in South Korea, accounting for about half of the total wind energy capacity in the country.

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

      For more information, please contact:
      Zhang Hua
      Communications Partner
      Vestas Asia Pacific & China
      Tel:  +86 10 5923 2000
      Mail:  huznh@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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 the press release here.

      Close article
      10:50 - 10 Jul 2015

      Vestas secures 46 MW order in Turkey

      Vestas secures 46 MW order in Turkey

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      Sehzade Enerji places 46.2 MW order, expanding Vestas’ footprint in the growing Turkish market

      Vestas has received a firm and unconditional order for the 46.2 MW Amasya wind power project in Turkey. The project will consist of 14 V126-3.3 MW turbines, one of Vestas’ cutting-edge designs that allows for greater wind capture in low-wind, high turbulence sites.

      The order was placed by Sehzade Enerji, which is fully owned by GNCR Holding and Eurowind Holdings.  It comprises the supply and installation of the wind turbines as well as a 5-year Active Output Management (AOM) 4000 service agreement. Turbine delivery is planned for the first quarter of 2016, whilst turbine commissioning is scheduled for the second quarter of 2016. 

      Upon completion, the Amasya wind power plant is expected to produce about 155,000 MWh annually, which corresponds to the annual residential electricity consumption of approximately 65,000 Turkish households.

      “We are pleased to partner for the first time with Sehzade Enerji and to share with them our expertise and capabilities to successfully undertake this project. Turkey plans to expand its wind power capacity fivefold by 2023, so driving down the cost of energy is critical. Vestas’ cost-effective and innovative wind energy solutions are helping to reach that goal”, says President of Vestas Mediterranean, Marco Graziano.

      Vestas has been present in Turkey since 1984 and has installed 846 MW of wind power capacity in the country, corresponding to approximately 23 percent of the total installed capacity of the country.

      For more information, please contact:
      Irene Rodriguez Alvarez
      Communication Partner, Vestas Mediterranean
      Tel:  +34 91 362 8113
      Email: irral@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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:

      Download press release (PDF) here

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      23:40 - 09 Jul 2015

      Information in the market regarding project in the USA

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      Today there is information in the market regarding a project in North Dakota, USA, owned by Xcel Energy and with a potential of up to 200 MW.

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

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

       

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

       

      Download pdf

      Close article
      22:47 - 30 Jun 2015

      Vestas receives 108 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 54 V110-2.0 MW turbines, totalling 108 MW.

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      Vestas has received a firm and unconditional order in the USA for 54 V110-2.0 MW turbines, totalling 108 MW.

      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: 108 MW
      Number of turbines/turbine type 54 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a five-year customised Active Output Management service agreement.
      Time of delivery Delivery of the wind turbines is expected in third quarter of 2016, while commissioning is expected in fourth quarter of 2016.

      Total year-to-date announced order intake in MW:  4,217 MW, (see overview at: vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Technology
      Chris Brown, President 

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

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

      Download company announcement (pdf)

       

      Close article
      21:47 - 30 Jun 2015

      Vestas receives 274 MW order in U.S. state of Texas

      Order is Vestas’ seventh project with SunEdison

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      Order is Vestas’ seventh project with SunEdison

      With reference to Vestas Wind Systems A/S company announcement No. 38/2015 of 30 June 2015, SunEdison, Inc. (NYSE: SUNE) has placed a firm and unconditional order in the United States for 83 V117-3.3 MW turbines to supply a wind power plant in Texas. 

      The total capacity of the project, including equipment previously purchased from Vestas, will be 300 MW.  When complete, this installation will be the largest V117-3.3 MW project in the world.  The project’s scope includes supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement designed to maximize energy production.  Installation and commissioning of the turbines is expected in 2016. 

      This order is a call-off from the Master Supply Agreement announced between Vestas and SunEdison in December 2014 (company announcement No. 48/2014) for multiple U.S. projects, the potential of which totals approximately 600 MW.  With today’s order, Vestas has announced contracts against that agreement representing 334 MW. 

      To date, Vestas has secured more than 9 GW of orders for the 3 MW turbine platform globally. 

      We’re pleased to move forward with this project and to further our relationship with Vestas,” said Paul Gaynor, SunEdison’s Executive Vice President for Europe, Americas and MENA.  “We look forward to installing Vestas’ V117-3.3 MW turbines in Texas.  The Vestas turbines we have at other projects around the country have performed well and we expect this project to enjoy similar success.”
       
      Our 3 MW turbine platform is proving its versatility across a variety of North American wind regimes, and we are starting to see much broader deployment across the wind belt,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This project will be its first deployment in the important Texas market, where the combination of a robust design, outstanding grid support, and a large rotor make this turbine the best choice to minimize the cost of energy throughout the life of the project.  We’re very happy to add this latest agreement to our growing strategic relationship with SunEdison.”

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      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 54,200 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 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry, and more than 68 GW of cumulative installed capacity worldwide, Vestas is the undisputed global leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of 31 March 2015, Vestas had installed about 13,200 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA. Approximately 3,750 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

      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 SunEdison 
      SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.

      Download press release (pdf)
       

      Close article
      21:43 - 30 Jun 2015

      Vestas receives 274 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 83 V117-3.3 MW turbines corresponding to 274 MW.

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      Vestas has received a firm and unconditional order in the USA for 83 V117-3.3 MW turbines corresponding to 274 MW.

      Additional information about the project:

      Customer: SunEdison
      Project name: Undisclosed at the customer’s request.
      Location/Country: Texas, USA
      Number of MW: 274 MW
      Number of turbines/turbine type 83 x V117-3.3 MW turbines
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Commissioning is expected in the first half of 2016.

      Total year-to-date announced order intake in MW: 4,109 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      20:01 - 30 Jun 2015

      Vestas receives 155 MW order in U.S. state of Maine

      Order is Vestas’ sixth project in the United States with SunEdison

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      Order is Vestas’ sixth project in the United States with SunEdison

      With reference to Vestas Wind Systems A/S company announcement No. 37/2015 of 30 June 2015, Vestas has received a firm and unconditional order in the United States for 47 V112-3.3 MW turbines to power the Bingham wind power plant in Somerset County, Maine. 

      The total size of the Bingham project will be 185 MW, including components ordered from Vestas previously.  At 185 MW, Bingham will be largest wind energy project in New England when complete.

      The order, placed by SunEdison, Inc. (NYSE: SUNE), includes supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement designed to maximize energy production.  Installation and commissioning of the turbines is expected in 2016. 

      This order is a call-off from the December 2013 Master Supply Agreement (company announcement No. 54/2013) between Vestas and First Wind, which SunEdison acquired in 2015. This MSA for multiple U.S. projects has a potential totaling up to 718 MW.  With today’s order, Vestas has announced orders against that agreement representing 453 MW. 

      We’ve had an excellent track record with Vestas turbines in Maine,” said Paul Gaynor, SunEdison’s Executive Vice President for Europe, Americas and MENA.  “We’re glad to be moving ahead with what will be New England’s largest wind energy project.”
       
      “New England suffers every year from high and extremely volatile energy prices,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Wind power is available at a competitive price, with zero fuel cost.  Integrating wind into the New England electric power system protects consumers from future price instability introduced by overdependence on natural gas.  We are delighted to continue our strategic partnership with SunEdison, one of the most committed and resourceful renewable energy developers in the world.”

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      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 54,200 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 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry, and more than 68 GW of cumulative installed capacity worldwide, Vestas is the undisputed global leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of 31 March 2015, Vestas had installed about 13,200 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA. Approximately 3,750 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

      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 SunEdison 
      SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.

      Download news release (pdf)

      Close article
      19:42 - 30 Jun 2015

      Vestas receives 155 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 47 V112-3.3 MW turbines, with a total capacity of 155 MW.

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      Vestas has received a firm and unconditional order in the USA for 47 V112-3.3 MW turbines, with a total capacity of 155 MW.

      Additional information about the project:

      Customer: SunEdison
      Project name: Bingham
      Location/Country: Maine, USA
      Number of MW: 155 MW
      Number of turbines/turbine type 47 x V112-3.3 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Commissioning is expected in the second half of 2016.

      Total year-to-date announced order intake in MW: 3,835 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      09:40 - 30 Jun 2015

      Vestas receives 33 MW turbine order in Finland

      Vestas receives 33 MW turbine order in Finland

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      Finnish wind energy production company Suomen Hyötytuuli Oy has placed an order with Vestas for its Nik-karinkaarto wind power project in Raahe, Finland.

      The delivery consists of 10 V126-3.3 MW wind turbines with a hub height of 137 meters. The order includes installation and commissioning as well as an Active Output Management (AOM) 4000 service agreement. Delivery is expected first half of 2016, and the project is expected to be completed second half of 2016.

      “This order further confirms the competitiveness of the Vestas 3 MW platform in the Finnish market.  We look forward to working together with Suomen Hyötytuuli to bring this project online in this increasingly important market”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      Suomen Hyötytuuli Oy, established in 1998 and owned by eight major city energy companies, is a leading Finnish wind energy production company with two wind farms in operation and 10 wind farm projects under development in Finland.

      For more information, please contact:
      Kresten Ø. Christensen
      Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel:  +45 2257 9374
      Email:  kroch@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and inde-pendence.  Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative in-stalled 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:

      Download the press release (PDF) here

       

      Close article
      17:30 - 29 Jun 2015

      Vestas wins 39 MW Danish wind turbine project

      Vestas wins 39 MW Danish wind turbine project

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      Vestas has secured a firm and unconditional order for 12 V112-3.3 MW turbines in Denmark, to be installed in western Jutland near Vemb, in the Holstebro municipality.

      The 39 MW order is part of a frame agreement and has been placed by long-time Vestas customer Skovgaard Invest ApS. The order for the “Øst for Vemb” project includes supply, installation and commissioning of the turbines, along with a 15-year full-scope Vestas Active Output Management (AOM 5000) service agreement.

      “Vestas has been an important partner for Skovgaard Invest for many years, and together we have created some very successful wind energy projects in Denmark. We are very pleased to work with Vestas and further build on our strong relationship”, says CEO Jørgen Skovgaard, Skovgaard Invest ApS.

      Vestas has delivered wind turbines for other Skovgaard Invest ApS projects in Denmark, including in Lem Kær, Kikkenborg and Volder Mark.

      “The Danish west coast holds ideal wind conditions for wind power plants in Denmark. The business case is strong and we look forward realising yet another successful project with Skovgaard Invest”, says Klaus Steen Mortensen, President of Vestas Northern Europe.

      For more information, please contact:
      Lina Danstrup, Communications & Press Officer
      Tel:  +45 6126 9987
      Mail:  limat@vestas.com

      About Vestas
      Vestas has installed more than 3.1 GW and employs about 4,200 people in Denmark. Several Danish factories also serve as Centres of Excellence and train Vestas employees from all over the world.

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,000 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 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and almost 68 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 this press release (PDF) here.

      Close article
      15:31 - 29 Jun 2015

      Information in the market regarding MHI Offshore Wind and an offshore project in Denmark

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      Today, there is information in the market regarding MHI Vestas Offshore Wind having been appointed preferred supplier for an offshore project in Denmark.

      Vestas can confirm that Vattenfall has appointed MHI Vestas Offshore Wind preferred supplier for delivery of the V164-8.0 MW turbine for the 400 MW Horns Rev 3 project in Denmark.

      If and when the project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      More information about this announcement can be found at http://www.mhivestasoffshore.com/media/.

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 per cent) and Mitsubishi Heavy Industries (MHI) (50 per cent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel.: +45 2250 7131
      Email: matke@mhivestasoffshore.com


      Download Company announcement
       (pdf)

      Close article
      21:48 - 28 Jun 2015

      Vestas receives 185 MW order in Chile

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      Vestas has received a firm and unconditional order for 56 V117-3.3 MW turbines for a project in Chile, totalling 185 MW (ref. company announcement No. 22/2015 of 18 May 2015).

      Additional information about the project:

      Customer: Latin America Power (LAP)
      Project name: San Juan
      Location/Country: Atacama, Chile
      Number of MW: 185 MW
      Number of turbines/turbine type 56 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply and installation of the wind turbines, as well as a five-year full-scope Active Output Management (AOM 4000) service agreement.
      Time of delivery Turbine delivery is scheduled for the first quarter of 2016, whilst commissioning is expected in the fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 3,608 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President

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

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

      Download company announcement (pdf)

      Close article
      10:12 - 26 Jun 2015

      Vestas confirms 66 MW turbine order in Scotland, UK

      Vestas confirms 66 MW turbine order in Scotland, UK

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      Infinis Energy plc has placed an order with Vestas for the Galawhistle project in Scotland, UK.

      The order for the Galawhistle project comprises 22 V90-3.0 MW turbines and includes delivery, installation and commissioning of the turbines as well as a 5-year Active Output Management (AOM) 5000 service agreement.  Turbine delivery is expected in the second quarter of 2016, with expected project completion in early 2017. 

      Eric Machiels, Chief Executive of Infinis, states: “At a time when the UK Government has pledged to meet its international obligations to reduce carbon emissions and decarbonise power generation, Infinis continues to believe that onshore wind remains the most effective renewable energy technology and that it is best placed to help achieve these goals at the lowest cost to consumers”.

      “We are very pleased that Infinis have chosen to work with us on the Galawhistle wind power plant. Despite regulatory uncertainty, this order underlines our engagement and commitment in the UK market, where cus-tomers see the value of deploying cost-competitive, carbon-free onshore wind”, says Klaus Steen Mortensen, President Vestas Northern Europe.

      For more information, please contact:
      Kresten Ø. Christensen, Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email: kroch@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and inde-pendence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative in-stalled 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:

      About Infinis Energy plc
      Infinis is the UK's leading independent generator of renewable power, operating a growing portfolio of landfill gas (LFG) and onshore wind plants across the UK. Infinis employ approximately 365 people across 137 operating sites with an aggregate generating capacity of 589 MW, comprising, 121 LFG sites (315 MW) and 16 onshore wind farms (274 MW). In addition, Infinis has a strong onshore wind development portfolio with 109 MW of onshore wind assets under construction.

      Download the press release (PDF) here

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      23:34 - 25 Jun 2015

      Vestas receives 150 MW order in U.S. state of Texas

      Order is first under Master Supply Agreement announced with EDF Renewable Energy in December 2014.

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      Order is first under Master Supply Agreement announced with EDF Renewable Energy in December 2014.

      With reference to Vestas Wind Systems A/S company announcement No. 34/2015 of 25 June 2015, Vestas has received a firm and unconditional order in the United States for 75 V100-2.0 MW turbines to supply the Salt Fork wind power plant in Donley and Gray Counties, Texas. 

      The order was placed by EDF Renewable Energy (EDF RE), an independent power producer, and developer, owner and operator of renewable energy projects. 

      The agreement’s scope includes supply and commissioning of the wind turbines as well as a 3-year Active Output Management (AOM 5000) service agreement designed to maximize energy production.

      The Salt Fork project marks the first turbine supply agreement announced under a master supply contract agreed by Vestas and EDF RE in December 2014 (company announcement No. 49/2014).  That master agreement represents up to one gigawatt of potential capacity.

      We are pleased to have placed our first 2016 US wind turbine order with Vestas, building upon the strong relationship forged between our two companies over the past three years, through more than 1,000 MW of joint business,” said Ryan Pfaff, Executive Vice President of EDF Renewable Energy.  “We look forward to working with the Vestas team to make the Salt Fork Wind Project a success.”

      After closing the books last December on a master agreement that totaled almost 1,100 MW of capacity, we are very happy to kick off our next gigawatt-scale master agreement with EDF RE,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Our workhorse 2 MW platform combines a long, dependable track record with competitive economic performance.  We’re pleased that EDF RE has selected it for this project.”

      Installation and commissioning of the turbines is expected in late 2016. 

      For more information, please contact:
      Michael Zarin, Head of External Communications & Media Relations
      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 54,200 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 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry, and more than 68 GW of cumulative installed capacity worldwide, Vestas is the undisputed global leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of 31 March 2015, Vestas had installed about 13,200 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA. Approximately 3,750 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

      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 EDF Renewable Energy
      EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy’s portfolio consists of 5.6 gigawatts of developed projects, with 3.1 gigawatts of installed capacity throughout the U.S., Canada and Mexico. EDF Renewable Energy is the U.S. subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable energy arm of the EDF group, the leading electricity company in the world. For more information visit: www.edf-re.com.

      Download news release (pdf)

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      23:28 - 25 Jun 2015

      Vestas receives 150 MW order in the USA

      Vestas has received a firm and unconditional order in Texas, USA, for 75 V100-2.0 MW turbines, totalling 150 MW.

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      Vestas has received a firm and unconditional order in Texas, USA, for 75 V100-2.0 MW turbines, totalling 150 MW.

      Additional information about the project:

      Customer: EDF Renewable Energy
      Project name: Salt Fork
      Location/Country: Texas, USA
      Number of MW: 150 MW
      Number of turbines/turbine type 75 x V100-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract covers supply and commissioning of the wind turbines, as well as a three-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in third quarter of 2016, with commissioning expected in fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 3,357 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      09:46 - 24 Jun 2015

      Decision regarding criminal charges against former Chief Financial Officer

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      The Danish State Prosecutor for Serious Economic and International Crime (the Fraud Squad) has informed Vestas that it will not pursue criminal charges against former Vestas CFO Henrik Nørremark in the matter relating to financial transactions with a former Indian cooperation partner, ref. company announcements No. 36/2012 of 2 October 2012 and No. 22/2013 of 24 May 2013

      The Fraud Squad has said it has not been able to identify sufficiently compelling evidence to lead to a conviction, c.f. the Danish Procedural Act §721, article 1 no. 2. 

      Vestas and the company’s external advisors completed several comprehensive investigations of the case without being able to conclude what the money in question had been spent on or why the transactions had been made.  To determine if criminal violations had taken place, Vestas referred the case to the Fraud Squad for further investigation. As was the case for Vestas, the Fraud Squad has been unable to determine what happened to the money after it was transferred to India.

      Despite the decision regarding criminal charges, Vestas continues to believe that by entering into these agreements, the former CFO significantly exceeded his powers as Group Executive. As such, the civil cases between Vestas and the former CFO in the Aarhus and Indian courts will remain unaffected.



      Contact details

      Vestas Wind Systems A/S, Denmark

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

      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel:  +45 9730 8209
      Email: hamsm@vestas.com

      Download Company announcement (pdf)

       

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      14:42 - 12 Jun 2015

      Vestas wins Deloitte’s Big Data Award

      Vestas wins Deloitte’s Big Data Award

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      Vestas is honoured for using big data to optimise wind turbine performance.

      By using big data Vestas is able to foresee when turbine components are malfunctioning and need maintenance - before they actually do. This was one of the reasons Vestas won Deloitte’s Big Data Award Thursday night at Deloitte’s Information Management Conference, IM2015, in Copenhagen.

      Vestas uses smart data to optimise maintenance of wind farms all over the world, receiving data from 27,000 wind turbines every 10 minutes.

      ”More than 30 years of experience and data have given us the ability to monitor and forecast turbine outputs, wind speeds and site conditions. As a result, we can help our customers optimise and predict their performance and yield as well as revenue and profitability. Our advanced systems approach integrates all the key inputs and information — smart data, not just big data — and tailors it to meet the needs of each customer,” says Vice President Anders Hvashøj, responsible for Vestas’ Service Product Management.

      Fact-based decisions
      According to Deloitte partner and expert in “data-driven business model” Michal Borges the use of this type of sophisticated data is one of the key competitive parameters in the business world right now.

      ”Big Data is not just a buzz word. It is something that companies are massively investing in right now, and there is no question that this is a pure gold mine for companies seeking to achieve greater efficiency. Leading companies no longer make decisions based on assumptions. They make decisions based on facts,” says Michael Borges.

      Data has become part of the Vestas DNA and data driven business development is an integrated part of the company culture.

      About the award
      The Big Data Award was handed out during the IM2015 conference held in Copenhagen June 11th 2015. It is based on SMS votes from 450+ data experts and a selected jury of Big Data experts.
      The award recognises truly innovative companies that lead the way, embracing opportunities, and revealing the true potential of big data.

      Podcast interview
      Download the podcast on Vestas’ use of data here.

      For more information, please contact:
      Communications & Press Officer Lina Danstrup, Media & External Relations
      Tel: +45 61 26 99 87
      Mail: limat@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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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:

      Download the press release (PDF) here

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      13:13 - 11 Jun 2015

      Additional information in the market regarding MHI Vestas Offshore Wind and an offshore project in the UK

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

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      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

      Today there is additional information in the market regarding an offshore project in the UK (ref. company announcement No. 9/2015 of 18 February 2015).

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

      If and when the project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209



      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 percent) and Mitsubishi Heavy Industries (MHI) (50 percent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel.: +45 2250 7131
      Email: matke@mhivestasoffshore.com

      Download Company announcement (pdf)

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      10:22 - 10 Jun 2015

      Information in the market regarding MHI Vestas Offshore Wind and an offshore project in Germany

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

      Vestas can confirm that DONG Energy A/S has appointed MHI Vestas Offshore Wind preferred supplier for delivery of the V164-8.0 turbine for the 450 MW Borkum Riffgrund II project in Germany.

      If and when the project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209


      More information about this announcement can be found at http://www.mhivestasoffshore.com/media/.

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S (50 percent) and Mitsubishi Heavy Industries (MHI) (50 percent). The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.

      Matt Whitby, Press Officer
      MHI Vestas Offshore Wind
      Tel: +45 2250 7131
      Mail: matke@mhivestasoffshore.com

      Download Company announcement (pdf)

       

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      11:00 - 04 Jun 2015

      Vestas secures 40 MW order in Italy

      Vestas secures 40 MW order in Italy

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      Vestas strengthens its market position in Italy with a 40 MW wind project to be located in the southern region of Basilicata, Italy.

      Vestas has received a firm and unconditional order for 12 units of the V112-3.3 MW wind turbine for the Cancellara wind project in the southern province of Basilicata, Italy. The 40 MW order for has been placed by Eolica Cancellara SRL, a subsidiary of Energreen Holding Italia Spa, which is part of a Luxembourg investment entity operating in the clean energy market.

      The order comprises the supply, electrical works and installation of the wind turbines, including the electrical infrastructure of the wind farm, as well as a 10-year Active Output Management (AOM) 5000 service agreement. Delivery of the wind turbines is scheduled for the fourth quarter of 2015, with commissioning planned for the first quarter of 2016.

      Upon completion, the Cancellara wind power plant is expected to produce about 100,440 MWh annually, which corresponds to the residential electricity consumption of approximately 116,000 people in Italy. The V112-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at improving energy production on high-wind sites.

      “We have been present in Italy since 1991 and have installed almost 3.5 GW of wind power capacity in the country.  We are pleased to partner for the first time with Energreen to take the Italian wind energy sector one step further. We look forward to a close collaboration from the earliest stages of the project through to completion”, says Marco Graziano, President of Vestas Mediterranean.

      For more information, please contact:

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

      Michael Zarin
      Head of External Communications & Media Relations
      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 54,200 wind turbines currently reduces carbon
      emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for
      around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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:

      Download news release (PDF)

      Close article
      09:56 - 04 Jun 2015

      Additional information in the market regarding projects in Norway

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      Today, there is information in the market regarding six planned wind power plants in Norway, where Vestas was appointed preferred supplier, ref. company announcement No. 3/2015 of 19 January 2015.Vestas can confirm that Statkraft has informed Vestas that Statkraft has decided not to invest in these projects.

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


      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

       

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      22:19 - 03 Jun 2015

      Vestas Wind Systems A/S extends maturity on revolving credit facility

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      Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m).

      The new facility has a five-year duration with an option (at the lenders’ discretion) to extend the maturity for up to two additional years (5+1+1). The facility refinances the existing EUR 1.000bn revolving credit facility dated 31 March 2014 (ref.Company announcement no. 15/2014) and enables Vestas to extend the company’s debt maturity profile at favourable pricing and terms.

      The facility was arranged by seven banks comprising Nordea, HSBC, SEB, DNB, Unicredit, Société Générale, and Citigroup.

      Contact details
      Vestas Wind Systems A/S, Denmark

      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

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

      Download Company announcement (pdf)

       

       

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      23:59 - 28 May 2015

      Vestas receives 99 MW order in Mexico

      Vestas expands its presence in the Mexican market with a 99 MW order for La Mesa and Ciudad Victoria wind power farms to be located in Tamaulipas, Mexico.

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      Vestas expands its presence in the Mexican market with a 99 MW order for La Mesa and Ciudad Victoria wind power farms to be located in Tamaulipas, Mexico.

      With reference to Vestas Wind Systems A/S’ company announcement No. 28/2015 of 28 May 2015, Vestas has received an order from Isolux de Mexico S.A. to supply 30 units of the V112-3.3 MW wind turbine. The 99 MW order consists of two wind power plants – La Mesa (49.5 MW) and Ciudad Victoria (49.5 MW) – that will be located in the northeastern state of Tamaulipas.

      The contract with Isolux de Mexico S.A. comprises supply, installation and commissioning of the wind turbines as well as a 15-year full-scope Vestas Active Output Management (AOM 4000) service agreement. Wind turbine delivery is expected during the fourth quarter of 2015 and commissioning is planned for the third quarter of 2016.

      This is the second order that Vestas signs in Tamaulipas this month, following the Tres Mesas project announcement on May 8 (149 MW), thus adding 248 MW of wind energy to the northeastern state’s electricity grid. Upon completion, La Mesa and Ciudad Victoria are expected to produce about 367,000 MWh annually, which corresponds to the residential electricity consumption of approximately 760,000 people in Mexico. The V112-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at improving energy production on medium wind-sites.

      Only a few weeks ago, we received a 149 MW order for the Tres Mesas wind project, also to be located in Tamaulipas. With this new wind farm, Vestas strengthens its position in the Mexican market and confirms its commitment to developing the wind energy sector in this country”, says Marco Graziano, President of Vestas Mediterranean.

      Vestas installed Tamaulipas’ first wind farm (El Porvenir, 54 MW) in 2013.

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

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

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994. In June 2010, Vestas opened its regional headquarters in Mexico City from which over 70 wind energy professionals support sales, construction and service. Vestas has installed 406 MW in Mexico.

      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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 news release (pdf)

      Close article
      23:51 - 28 May 2015

      Vestas receives 99 MW order in Mexico


      Vestas has received a firm and unconditional order in Mexico for 30 V112-3.3 MW turbines, with a total capacity of 99 MW.

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      Vestas has received a firm and unconditional order in Mexico for 30 V112-3.3 MW turbines, with a total capacity of 99 MW.

      Additional information about the project:

      Customer: Isolux de Mexico S.A. de C.V
      Project name: La Mesa & Ciudad Victoria
      Location/Country: Tamaulipas, Mexico
      Number of MW: 99 MW
      Number of turbines/turbine type 30 x V112-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM) 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in fourth quarter of 2015, with commissioning expected in third quarter of 2016.

      Total year-to-date announced order intake in MW: 3,167 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      19:54 - 27 May 2015

      Vestas receives 83 MW order in Turkey

      Vestas expands its presence in Turkey with an 83 MW order from Bak Enerji Uretimi A.Ş.

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      Vestas expands its presence in Turkey with an 83 MW order from Bak Enerji Uretimi A.Ş.

      With reference to Vestas Wind Systems A/S’ company announcement No. 27/2015 of 27 May 2015, Vestas has received a firm and unconditional order for the Yahyali wind project in Turkey. The 83 MW order for 25 units of the V126-3.3 MW wind turbine has been placed by Bak Enerji Uretimi A.Ş.

      The order comprises the supply and installation of the wind turbines as well as a 10-year Active Output Management (AOM) 4000 service agreement. Turbine delivery is planned for the first quarter of 2016, whilst commissioning of the wind turbines is scheduled for the second half of 2016.

      The V126-3.3 MW model is one of Vestas’ best performing wind turbines on low-wind sites. Its 126-meter rotor and cutting-edge structural shell blades enable greater wind capture, which in turn produces more energy. Upon completion, the Yahyali wind farm is expected to produce about 303,000 MWh annually, which corresponds to the residential electricity consumption of approximately 182,000 people in Turkey.

      “Turkey’s power demand has significantly increased due to rapid economic growth and a larger population, so the Turkish wind energy sector is expected to become one of the largest wind power markets in the world. Vestas is strongly committed to this market and we are pleased to contribute with our technologies and expertise to drive down the cost of energy in Turkey”, says President of Vestas Mediterranean, Marco Graziano.

      Vestas has been present in Turkey since 1984 and has installed 846 MW of wind power capacity in the country. Vestas has erected wind farms in Istanbul, Balıkesir, Manisa, Çanakkale, İzmir, Afyonkarahisar, Hatay, Mersin, Kayseri, Sivas and Aydın.

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

      Michael Zarin
      Head of External Communications & Media Relations
      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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 news release (pdf)

      Close article
      19:46 - 27 May 2015

      Vestas receives 83 MW order in Turkey

      Vestas has received a firm and unconditional order in Turkey, comprising 25 V126-3.3 MW turbines, with a total capacity of 82.5 MW.

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      Vestas has received a firm and unconditional order in Turkey, comprising 25 V126-3.3 MW turbines, with a total capacity of 82.5 MW.

      Additional information about the project:

      Customer: Bak Enerji Üretimi A.Ş
      Project name: Yahyali
      Location/Country: Turkey
      Number of MW: 82.5 MW
      Number of turbines/turbine type 25 x V126-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract covers supply, installation and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 4000) service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in first quarter of 2016, with commissioning expected to take place in second half of 2016.

      Total year-to-date announced order intake in MW: 3,068 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      11:54 - 25 May 2015

      Vestas receives 83 MW order in Poland

      Vestas has secured an 83 MW order in Poland, its third announced order in the country this year.

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      Vestas has secured an 83 MW order in Poland, its third announced order in the country this year.

      With reference to Vestas Wind Systems A/S’ company announcement No.26/2015 of 25 May 2015, Vestas has received a firm and unconditional order in Poland. The 83 MW order for 25 V126-3.3 MW turbines has been placed by Wind Field Korytnica Sp. Z.o.o. for the Korytnica North project.

      The order includes delivery, installation and commissioning of the wind turbines as well as a 15-year Active Output Management (AOM) 5000 service agreement. Delivery and commissioning of the turbines is planned to take place in the fourth quarter of 2015.

      With the delivery of the first V126-3.3 MW turbines to the Korytnica North project Vestas is now taking a significant step in reducing the Cost of Energy for wind in Poland”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “The Korytnica North project will help increase the proportion of cost competitive renewable energy in Poland, and we are very pleased that Wind Field Korytnica has chosen to work with us”, Mortensen says.

      Vestas employs more than 150 people in Poland and has since the establishment of Vestas Poland 12 years ago delivered a total of 1,272 MW (or 620 wind turbines), and has gained a 30 percent market share of total installations in Poland.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and almost 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

      For more information, please contact:
       
      Kresten Ø. Christensen
      Regional Marketing & Communications Director
      Vestas Northern Europe
      Tel: +45 2257 9374
      Email: kroch@vestas.com

      Download news release (pdf)

      Close article
      11:46 - 25 May 2015

      Vestas receives 83 MW order in Poland

      Vestas has received a firm and unconditional order in Poland, comprising 25 V126-3.3 MW turbines, with a total capacity of 83 MW.

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      Vestas has received a firm and unconditional order in Poland, comprising 25 V126-3.3 MW turbines, with a total capacity of 83 MW.

      Additional information about the project:

      Customer: Wind Field Korytnica Sp. Z o.o.
      Project name: Korytnica North
      Location/Country: Poland
      Number of MW: 83 MW
      Number of turbines/turbine type 25 x V126-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The order includes delivery, installation and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery and commissioning of the wind turbines is planned to take place in fourth quarter of 2015.

      Total year-to-date announced order intake in MW: 2,985 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      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 orderwill also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download news release (pdf)

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      10:28 - 21 May 2015

      Information in the market regarding an offshore project in the UK

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

      Vestas can confirm that Navitus Bay Development Limited has appointed MHI Vestas Offshore Wind preferred supplier for the delivery of V164-8.0 MW turbines for an offshore project in the UK with a potential of up to 970 MW.

      If and when the project translates into a firm and unconditional order, 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).

      More information about this announcement can be found at http://www.mhivestasoffshore.com/media/.

      MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry.



      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Stewart Mullin, Director of Marketing & Communication
      MHI Vestas Offshore Wind
      Tel: +45 22461230 
      Mail: stmin@mhivestasoffshore.com

      Download Company announcement (pdf)

      Close article
      10:15 - 21 May 2015

      Information in the market regarding project in the USA

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      Today there is information in the market regarding a project in the USA, developed by RES Americas and with a potential of up to 150 MW.

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

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

      Close article
      11:42 - 18 May 2015

      MHI Vestas Offshore Wind receives 400 MW order for project in the UK and places an order for delivery of the turbines with Vestas Wind Systems A/S

      MHI Vestas Offshore Wind has received a firm and unconditional order for 116 V112-3.45 MW turbines for the Rampion offshore project in the UK, with a total capacity of 400 MW.

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      MHI Vestas Offshore Wind has received a firm and unconditional order for 116 V112-3.45 MW turbines for the Rampion offshore project in the UK, with a total capacity of 400 MW.

      As it comprises Vestas V112-3.45 MW turbines, the turbines will be supplied by Vestas Wind Systems A/S to MHI Vestas Offshore Wind and the order will enter into the backlog of Vestas Wind Systems A/S.
       
      Additional information about the project (as supplied from Vestas to MHI Vestas Offshore Wind):

      Customer: MHI Vestas Offshore Wind
      Project name: Rampion
      Location/Country: United Kingdom
      Number of MW: 400 MW
      Number of turbines/turbine type 116 V112-3.45 MW turbines
      Contract type: Supply-only
      Time of delivery Delivery of the turbines is expected to start in first quarter of 2017.

      Total year-to-date announced order intake in MW: 2,902 MW (see overview at vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Stewart Mullin, Director of Marketing and Communications
      MHI Vestas Offshore Wind
      Tel: +45 22461230
      Mail: stmin@mhivestasoffshore.com

      A news release regarding the above-mentioned order will also be published by MHI Vestas Offshore Wind on http://www.mhivestasoffshore.com/media/.

      Download company announcement (pdf)

       

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      11:30 - 18 May 2015

      Information in the market regarding project in Chile

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      Today there is information in the market regarding a project in Chile comprising 185 MW.

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

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


      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

       

      Close article
      10:30 - 11 May 2015

      Vestas announces new Group Senior Vice President for Communications, Brand and Public Affairs

      Vestas announces new Group Senior Vice President for Communications, Brand and Public Affairs

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      Anders Monrad Rendtorff to become Group Senior Vice President for Communications, Brand and Public Affairs, and a member of the Executive Committee at Vestas Wind System A/S.

      Anders Monrad Rendtorff, currently Senior Vice President and Head of Communications and Human Resources at Coloplast, will join Vestas in his new position starting on September 1, 2015.  He succeeds Morten Albæk, who will remain with Vestas until June 30, 2015.

      Vestas CEO Anders Runevad says, “I am delighted that Anders Monrad Rendtorff will join Vestas.  He has the experiences and competences required to support Vestas’ continued positive development, both in Denmark and internationally, and we look forward to welcoming him onboard”.

      Anders Monrad Rendtorff adds, "I am excited to join such a fantastic company in a globally important industry. Vestas has a great brand and reputation, market-leading technology, and world-class leadership. I look forward to contributing to Vestas’ ongoing success”.

      Anders Runevad concludes, “I also want to thank Morten Albæk for his more than six years at Vestas.  I wish him the best of luck in his new endeavours”.

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

      About Anders Monrad Rendtorff
      Anders has been part of Coloplast’s success over the last six years with global responsibility for Corporate Communications, Human Resources, Corporate Social Responsibility, and Public Affairs. Before joining Coloplast, Anders was Vice President of Communications and HR at Telia Denmark.  Anders was also Director of Communications at Copenhagen Business School and Director of Marketing Communications at Ericsson in Stockholm.  He has a Master’s Degree in Public Relations, has studied at INSEAD in France, and holds an Executive MBA from Copenhagen Business School.

      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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:

      Download the press release (PDF) here

       

      Close article
      11:22 - 08 May 2015

      Vestas introduces 3.45 MW power mode for its 3 MW platform

      Vestas introduces 3.45 MW power mode for its 3 MW platform

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      Based on site-specific conditions, the 3.45 MW power mode will increase annual energy production and contribute to lowering the cost of energy.

      The shared nacelle technology and design allows Vestas to offer the 3.45 MW power mode across its entire 3 MW platform.  The power mode will thus be available on the V105-3.3 MW, V112-3.3 MW, V117-3.3 MW, and V126-3.3 MW turbines. 

      “By staying focused on making our wind turbine operations more efficient, we can increase energy output and lower the cost of energy for our customers”, says Vestas’ Chief Technology Officer, Anders Vedel. “Continuous development and innovation of our 2 MW and 3 MW platforms adds flexibility to the product line and strengthens our customers’ business case”, Vedel says.

      Optimizing Vestas technology
      Over six gigawatts, or more than 2,000 turbines of the 3 MW platform have been installed in 24 countries worldwide. Under the right site-specific conditions, the 3.45 MW power mode will increase power output from 3.3 MW to 3.45 MW. 

      Fosen and Snillfjord wind farm application
      In January 2015, Norway’s Statkraft and Vestas signed a letter of intent to supply wind turbines for the Fosen (owned by Fosen Vind AS) and Snillfjord (owned by SAE Vind DA) wind power projects in Norway, which have a potential of up to 1,000 MW.  If the projects should result in firm and unconditional orders, Statkraft as the operator of the projects expects to utilise the 3.45 MW power mode on the V117 turbine.

      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

       

      Download the press release (PDF) here

      Close article
      09:57 - 08 May 2015

      Vestas secures 149 MW order in Mexico

      Vestas has received an order for 45 of its V117-3.3 MW turbine for the Tres Mesas wind energy projects in the northeastern state of Tamaulipas, Mexico.

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      Vestas has received an order for 45 of its V117-3.3 MW turbine for the Tres Mesas wind energy projects in the northeastern state of Tamaulipas, Mexico.

      With reference to Vestas Wind Systems A/S’ company announcement No. 21/2015 of 8 May 2015, Vestas has received a firm and unconditional order in Mexico. The 148.5 MW order has been placed by the Special Purchase Vehicles Eólica Tres Mesas and Eólica Tres Mesas 2. This wind energy project was developed and will be operated by Oak Creek Energy Systems Inc., a U.S.-based pioneering developer of utility scale wind energy projects.

      The contract comprises supply, installation and commissioning of the wind turbines as well as a 10-year full-scope Vestas Active Output Management (AOM 5000) service agreement. Wind turbine delivery is expected during the first quarter of 2016.

      The projects are financed through loan agreements with Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, and North American Development Bank (NADB). Furthermore, two companies – Sigma Alimentos, which is a subsidiary of ALFA, and Walmart de México – have committed to purchase the power generated by the Tres Mesas wind farm.

      Vestas installed the Tamaulipas state’s first wind farm (El Porvenir, 54 MW) in 2013. Tres Mesas will be one of the largest renewable energy projects in the country and the largest wind farm in Tamaulipas. The region offers good wind resources and transmission line availability.

      The V117-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at significantly improving energy production on medium wind-sites. The Tres Mesas wind power plant has an estimated annual production of 520,000 MWh, corresponding to an annual emission saving of approximately 237,000 tons of CO2 in Mexico.

      The Mexican government has taken a number of initiatives to liberalise the electricity market and aims to generate at least 35 percent of its power consumption from clean technologies by 2024. “With the completion of the Tres Mesas project, Mexico will have taken another step in promoting renewable energy and reducing greenhouse gas emissions in the country”, says Marco Graziano, President of Vestas Mediterranean: “We are pleased to contribute with our wind technologies and expertise to help our partners carry out this ambitious project”.

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

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

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994. In June 2010, Vestas opened its regional headquarters in Mexico City from which over 70 wind energy professionals support sales, construction and service. Vestas has installed 406 MW in Mexico.

      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 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 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 press release (pdf)


      Close article
      09:52 - 08 May 2015

      Vestas receives 149 MW order in Mexico

      Vestas has received a firm and unconditional order in Mexico for 45 V117-3.3 MW turbines, corresponding to 149 MW.

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      Vestas has received a firm and unconditional order in Mexico for 45 V117-3.3 MW turbines, corresponding to 149 MW.

      Additional information about the project

      Customer: Eólica Tres Mesas, S. de R.L. de C.V. and Eólica Tres Me-sas 2, S. de R.L. de C.V.
      Project name(s): Tres Mesas, phase 1 & 2
      Location/Country: Mexico
      Number of MW: 149 MW
      Number of turbines/turbine type 45 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation, and commission-ing of the wind turbines as well as a 10-year full-scope Vestas Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in the first quarter of 2016.

      Total year-to-date announced order intake in MW: 2,502 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209 

      Vestas Mediterranean
      Marco Graziano, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      08:35 - 06 May 2015

      Interim financial report, first quarter 2015

      Outlook for 2015 improved. Revenue, earnings, and free cash flow increased compared to the first quarter of 2014.

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      Outlook for 2015 improved. Revenue, earnings, and free cash flow increased compared to the first quarter of 2014.

      Summary: In the first quarter of 2015, Vestas generated revenue of EUR 1,519m – an increase of 18 percent compared to the year-earlier period. EBIT before special items increased by EUR 39m to EUR 79m. The EBIT margin before special items was 5.2 percent and the free cash flow increased by EUR 170m to EUR 146m compared to the first quarter of 2014.

      The intake of firm and unconditional wind turbine orders amounted to 1,750 MW in the first quarter of 2015. The value of the wind turbine backlog amounted to EUR 7.5bn at 31 March 2015. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 7.5bn at the end of March 2015. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 15bn – an increase of EUR 1.2bn compared to the year-earlier period.

      Vestas upgrades the 2015 guidance on revenue from minimum EUR 6.5bn to minimum EUR 7.5bn and EBIT margin guidance before special items is upgraded from minimum 7 percent to minimum 8.5 percent. Total investments are increased from approx EUR 300m to approx EUR 350m and guidance on free cash flow is upgraded from minimum EUR 400m to minimum EUR 600m.

      Group President & CEO Anders Runevad said:  “This has been a historically strong first quarter on revenue, margins, order intake, and return on invested capital. The first quarter results reaffirm that Vestas is making good progress toward achieving its profitable growth objectives and that we are in a very strong position in an otherwise highly competitive industry.”

      Key highlights

      Record-high Q1 order intake

      Order intake in the quarter 1,750 MW.

      Highest combined order backlog ever
      Wind turbine and service order backlog of EUR 15bn.

      Return on invested capital (ROIC) at highest level ever
      ROIC increased to 44 percent (TTM).

      Earnings improved – highest Q1 ever
      EBIT margin before special items at 5.2 percent – up 2.1 percentage points compared to Q1 2014.

      Guidance increased
      Guidance for 2015 has been increased based on higher than expected order intake year to date, greater visibility for the year, and USD exchange rate development.


      Information meeting (audiocast)
      Today, Wednesday 6 May 2015, at 10 a.m. CEST (9 a.m. BST), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor.

      The meeting will be held in English 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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel: +45 9730 8209

      Vestas Wind Systems A/S
      Hedeager 42
      8200 Aarhus N
      Denmark

      Company reg. No.: 10 40 37 82
      Tel: +45 9730 0000
      Fax: +45 9730 0001
      vestas@vestas.com

      Download the interim financial report for Q1 2015

      Close article
      18:25 - 05 May 2015

      Vestas receives 72 MW order in U.S. state of Kansas

      Order is Vestas’ first project with RPM Access

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      Order is Vestas’ first project with RPM Access

      With reference to Vestas Wind Systems A/S’ company announcement No. 19/2015 of 5 May 2015, Vestas has received a firm and unconditional order in the United States for 36 V110-2.0 MW turbines to power the Marshall Wind Farm in Marshall County, Kansas. 

      The order was placed by RPM Access LLC, an independent developer, owner and operator of wind farms in the Midwest.  The project’s scope includes supply and commissioning of the wind turbines as well as a 20-year Active Output Management (AOM 5000) service agreement designed to maximize energy production.

      The announcement marks the first turbine supply contract between Vestas and RPM Access.

      ”RPM Access is very pleased to purchase such high quality turbines that are manufactured in the United States,” says Felix Friedman, Vice President of Development.  “The Vestas V110-2.0 MW wind turbine generators on 95 meter towers provide RPMA an optimal match to the wind conditions at the northeast Kansas site.  Together with Vestas’ long-term service agreement and our strong local partnerships, we are looking forward to realising the full potential of the Marshall Wind Farm.”
       
      “We are delighted to embark on this long-term partnership with RPM Access,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “In addition to increasing the amount of clean and affordable energy available to the people of Kansas and Missouri, the 20-year service agreement ensures RPM Access will receive unparalleled service and optimal energy production from their turbines and that these communities will benefit from a steady source of quality jobs.”

      Installation and commissioning of the turbines is expected in the first half of 2016.

      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA and has entered into master supply agreements or similar constructs with a potential of up to approx 3 GW.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email:  pibrn@vestas.com

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

      About RPM Access
      RPM Access, headquartered in De Soto, Iowa, is an independent developer, owner and operator of wind projects with its main focus on the development of high quality wind farms in the Midwest. Since 2000, RPM Access has initiated and developed more than 1,200 megawatts of wind farm assets. For more information, please visit: http://www.rpmaccess.com.

      Download news release (pdf)

      Close article
      18:16 - 05 May 2015

      Vestas receives 72 MW order in the USA

      Vestas has received a firm and unconditional order in Kansas, USA, for 36 V110-2.0 MW turbines, with a total of 72 MW.

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      Vestas has received a firm and unconditional order in Kansas, USA, for 36 V110-2.0 MW turbines, with a total of 72 MW.

      Additional information about the project

      Customer: RPM Access, LLC
      Project name: Marshall
      Location/Country: Kansas, USA
      Number of MW: 72 MW
      Number of turbines/turbine type 36 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines as well as a 20-year Active Output Management (AOM) 5000 service agreement
      Time of delivery Commissioning of the wind turbines is expected in the first half of 2016.

      Total year-to-date announced order intake in MW: 1,935 MW (see overview at vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      12:51 - 04 May 2015

      Vestas receives 33 MW order for first V126-3.3 MW turbines in Austria

      Vestas receives 33 MW order for first V126-3.3 MW turbines in Austria

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      smart-energy Betriebs GmbH orders 10 V126-3.3 MW turbines for a wind power plant in Lower Austria.

      Vestas is pleased to announce a firm and unconditional order for 10 V126-3.3 MW turbines from smart-energy Betriebs GmbH for their wind power plant Hohenruppersdorf II. The turbine delivery is expected to start in the fourth quarter of 2015 and commissioning is planned for the second quarter of 2016.

      The contract includes supply, installation, foundation works and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 20-year full-scope service agreement (AOM 4000).

      “Based on its large rotor diameter, the V126 is best suited for harvesting medium- to low-wind sites”, says Martin Blochberger, Managing Director of smart-energy Betriebs GmbH. “Vestas’ offering from the product economics to the product quality, the trust in Vestas project execution staff up to the customer friendly service package are all well-suited to our needs”.

      “We are very pleased with being selected as the supplier and long-term service partner on the 33 MW Hohenruppersdorf II project”, states Dr. Christoph Vogel, President of Vestas Central Europe. “The V126-3.3 MW is an excellent choice for delivering a strong business case for customers with wind power plants at medium- and low-wind sites.”

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 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 19,700 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 66 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 vestas.com and following us on our social media channels:

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

      Download the press release (PDF) here

      Close article
      23:20 - 30 Apr 2015

      Vestas receives 400 MW order in U.S. state of Nebraska

      Is Vestas’ largest single-phase project ever in the United States.

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      Is Vestas’ largest single-phase project ever in the United States.

      With reference to Vestas Wind Systems A/S’ company announcement No. 18/2015 of 30 April 2015, Vestas has received a firm and unconditional order in the United States for 200 V110-2.0 MW turbines for the Grande Prairie wind farm in Holt County, Nebraska.  In megawatt terms, the project will be Vestas’ largest single-phase project ever in the United States. 

      The order was placed by BHE Renewables, LLC, an affiliate of Berkshire Hathaway Energy, which owns a portfolio of energy businesses including the U.S. utilities PacifiCorp, MidAmerican Energy Company and NV Energy. 

      The announcement marks the first turbine supply contract that BHE Renewables and Vestas have executed.  Berkshire Hathaway Energy’s businesses own wind projects representing more than 4 gigawatts of wind across the West and Midwest. 

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada, is encouraged by the new relationship.  “BHE Renewables is a major player in the U.S. wind sector.  Their parent company is well known and respected for its long-term investments in fundamentally sound industries,” Brown said. “We’re extremely pleased that they have chosen our workhorse turbine, the V110-2.0 MW, for Grande Prairie.

      Tom Budler, President of the wind division of BHE Renewables, commented “We are pleased to be utilizing Vestas as the sole provider of turbines for the Grande Prairie project.  When completed, Grande Prairie will be the largest wind project in Nebraska and will have a major impact on Nebraska’s economy and energy future.”

      The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM5000) service agreement, which is designed to maximize energy production. Deliveries are expected to being in the second quarter of 2016, with project completion expected by the end of 2016. 

      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA and has entered into master supply agreements or similar constructs with a potential of up to approx. 3 GW. Approximately 4,800 U.S. employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email:  pibrn@vestas.com

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

      About BHE Renewables
      BHE Renewables is a wholly-owned subsidiary of Berkshire Hathaway Energy and headquartered in Des Moines, Iowa. Since 2012, BHE Renewables has invested extensively in solar, wind, geothermal and hydro projects. As a long-term owner of assets, the company’s wind projects include the 300-megawatt Jumbo Road project near Hereford, Texas; 168-megawatt Pinyon Pines I and 132-megawatt Pinyon Pines II projects, located near Tehachapi, California; the 81-megawatt Bishop Hill II project in Henry County, Illinois; and the 400-megawatt Grande Prairie project in Holt County, Nebraska, which will begin construction in 2015. More information is available at www.bherenewables.com

      Download press release (pdf)

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      23:14 - 30 Apr 2015

      Vestas receives 400 MW order in the USA

      Vestas has received a firm and unconditional order in Nebraska, USA, for 200 V110-2.0 MW turbines, with a total of 400 MW.

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      Vestas has received a firm and unconditional order in Nebraska, USA, for 200 V110-2.0 MW turbines, with a total of 400 MW.

      Additional information about the project

      Customer: Berkshire Hathaway Energy Renewables LLC
      Project name: Grande Prairie
      Location/Country: Nebraska, USA
      Number of MW: 400 MW
      Number of turbines/turbine type 200 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes delivery and commissioning of the wind turbines, as well as a five-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in second quarter of 2016, while commissioning is expected to be completed in fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 1,830 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      12:40 - 30 Apr 2015

      Vestas receives 20 MW order for Coonooer Bridge Wind Farm in Australia

      Vestas receives 20 MW order for Coonooer Bridge Wind Farm in Australia

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      Vestas has received a 19.8 MW order for six of its V117-3.3 MW turbines for the Coonooer Bridge Wind Farm in Australia.

      The order has been placed by Coonooer Bridge Wind Farm Pty. Ltd., which is owned by Eurus Energy, Windlab, and local community shareholders.  The order includes a full engineering, procurement and construction (EPC) contract as well as a long term service agreement.

      Located in the state of Victoria, the Coonooer Bridge Wind Farm is one of only three successful projects under the Australian Capital Territory (ACT) Government wind auction process awarded earlier this year, and the first to achieve financial close.  

      Gerard Carew, Vestas’ Vice President of Sales in the Asia Pacific region said the order was significant for Vestas and the Australian wind industry as a whole.  “We are very pleased to be working with the Coonooer Bridge Wind Farm partners, and we thank them for their trust in Vestas to deliver this project, which will be the first Australian installation of our V117-3.3 MW turbines.  This project is further proof that when technology advancements combine with effective government policy the cost of renewable energy will continue to decline”.  

      Windlab’s Chief Executive, Roger Price, commented “The Coonooer Bridge Wind Farm partners are pleased to be working with Vestas to deliver the first new project resulting from the ACT wind auction process.  Vestas’ track record and performance in the Australian market were key factors in Windlab and Eurus Energy selecting them to construct and maintain the wind farm”.

      Coonooer Bridge Wind Farm is scheduled for completion in March 2016 and once operational will produce enough energy to power 14,000 homes. During the construction phase, the project will employ more than 70 people, greatly benefiting the local community.

      For more information, please contact:
      Michael Zarin
      Head of External Communications & Media Relations
      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 gigawatts of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      In Australia, Vestas installed the first wind turbine in 1993, and has installed around 50 percent of all wind turbines since then.

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

      Download the press release (PDF) here

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      22:25 - 28 Apr 2015

      Vestas receives 78 MW order in U.S. state of Minnesota

      Sempra U.S. Gas & Power places order for 39 V110-2.0 MW turbines

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      Sempra U.S. Gas & Power places order for 39 V110-2.0 MW turbines

      With reference to Vestas Wind Systems A/S’ company announcement No. 17/2015 of 28 April 2015, Vestas has received a firm and unconditional order in the United States from Sempra U.S. Gas & Power for 39 V110-2.0 MW turbines for the Black Oak Getty wind farm in Stearns County, Minnesota. 

      The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM5000) service agreement, which supports maximum energy production from the turbines. Once completed, the Black Oak Getty wind farm will generate enough renewable energy to power approximately 30,000 Minnesota homes.  The entire power output from the wind farm has been sold to Minnesota Municipal Power Agency (MMPA) under a 20-year contract.

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada is enthusiastic about Vestas’ growing partnership with Sempra U.S. Gas & Power, a leading developer of clean energy solutions in markets throughout the U.S.  “We are happy to partner with Sempra U.S. Gas & Power as they expand their renewable portfolio and bring more clean energy to the people of Minnesota,” said Brown. “The workhorse V110-2.0 MW turbine that has been selected for the Black Oak Getty wind farm has a strong track record of performance and reliability, and we are confident it will meet expectations for this project.”

      “We are pleased to partner with Vestas to construct Sempra U.S. Gas & Power’s newest wind farm as we continue to diversify our renewables portfolio and demonstrate our commitment to renewables development,” said Kevin Sagara, senior vice president and president, renewables for Sempra U.S. Gas & Power. “We look forward to growing our relationship with Vestas through the construction of this project, and to providing a stable supply of clean power to Minnesota.”

      Turbine delivery for the Black Oak Getty wind farm is expected to begin in the second quarter of 2016.

      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:       +1 503 327 2118
      Email:   pibrn@vestas.com

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

      Download press release (pfd)

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      22:15 - 28 Apr 2015

      Vestas receives 78 MW order in the USA

      Vestas has received a firm and unconditional order in Minnesota, USA, for 39 V110-2.0 MW turbines, totalling 78 MW.

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      Vestas has received a firm and unconditional order in Minnesota, USA, for 39 V110-2.0 MW turbines, totalling 78 MW.

      Additional information about the project

      Customer: Sempra U.S. Gas & Power, LCC
      Project name: Black Oak
      Location/Country: Minnesota, USA
      Number of MW: 78 MW
      Number of turbines/turbine type 39 V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract covers supply and commissioning of the wind turbines, as well as a five-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in the second quarter of 2016, with commissioning expected in the fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 1,410 MW (see overview at vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      12:14 - 15 Apr 2015

      Share-based incentive programme 2015 

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      At the annual general meeting held on 30 March 2015, the revised remuneration policy and general guidelines for incentive pay for the Board of Directors and the Executive Management of Vestas Wind Systems A/S were adopted. 
      The Board of Directors has subsequently set out the terms and conditions governing the restricted performance share programme for the year 2015 for all participants, including the Executive Management. The new share-based incentive programme is an adjustment of the previous programmes and will still be based on restricted performance shares. The programme is adjusted to a performance period of three years replacing the previous one-year performance period and a performance measurement based on financial key performance indicators as well as the Vestas Group’s market share as defined by the Board of Directors. 


      Participants  The Executive Management, Group Senior Vice Presidents, Senior Vice Presidents, Vice Presidents, Chief Specialists and Chief Project Managers in the Vestas Group. The programme for 2015 includes 190 participants.
      Number of shares  The number of shares to be granted is based on a target level for each corporate level. No payments for any grants are made by the participants. If all KPIs are reached on target level, a total of 340,000 shares will be granted from the programme with a total present value calculated based on the current share price amounting to EUR 15m (value at close of Nasdaq Copenhagen on 14 April, 2015). For 2015, the target number of shares for the Executive Management will be 120,000 shares in total. 
      The actual number of restricted performance shares available for distribution may range between 0 and 150 per cent of the target level and is determined by Vestas’ performance in the financial years 2015, 2016, and 2017. The maximum grant of shares under the programme in total is 510,000 shares based on full performance achievement.
      Time of grant  The restricted performance shares are to be granted in two equal portions in 2018 and 2020.
      Key Performance Indicators  The KPIs for all three performance years are based on Vestas’ performance on earnings per share (EPS), return on invested capital (ROIC), as well as the Vestas Group’s market share estimated by a predefined, independent,  well-reputed supplier of such data.
      Conditions  The restricted performance shares are governed by the specific terms and conditions of the programme and subject to mandatory law. If a participant chooses to leave Vestas before the time of grant, the participant’s rights to receive the shares will generally lapse.
      Adjustments to the programme  The number of shares available for grant may be adjusted in the event of changes in Vestas’ capital structure. Further, in the event of a change of control, merger, winding-up or demerger of Vestas, an accelerated grant may extraordinarily take place. In the event of certain transfers of activities or changes in ownership interests within the Vestas Group, adjustment, replacement of the programme and/or settlement in cash of the programme entirely or partly may also take place.

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download company announcement (pdf)

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      11:03 - 09 Apr 2015

      Vestas urges Australian parliament to support Clean Energy Council’s compromise proposal on Renewable Energy Target

      Vestas urges Australian parliament to support Clean Energy Council’s compromise proposal on Renewable Energy Target

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      Australia now one step away from a return to bipartisan renewable energy policy.

      After more than a year of uncertainty, the Australian Government can act quickly to secure jobs and investment in rural and regional Australia by accepting the Renewable Energy Target (RET) compromise proposed by the Clean Energy Council (CEC) to break the current political deadlock.

      Investment in large-scale renewable energy in Australia fell by 88 percent in 2014, with companies in the sector shedding hundreds of jobs while dozens of projects remain stalled.

      Vestas believes the CEC proposal of a 33,500 gigawatt hour target in 2020 represents a reasonable and necessary compromise to unlock investment and protect jobs in an industry sector that has been badly damaged by political risk.

      The Australian Government’s own review of the RET demonstrated that cutting the existing target is counterproductive and could cause power prices to rise in the medium- to long-term, exposing Australian families and businesses to rising energy prices.

      “Vestas has been the leader in the Australian wind energy industry for many years, and despite some tough times, we continue to believe the Australian market has great potential”, says Danny Nielsen, Managing Director of Vestas Australia. “But political uncertainty has stopped Australia reaching that potential and this is now threatening Australia’s competitiveness as the rest of the world moves ahead with renewables. Bipartisan political support must be urgently restored to create the long-term business certainty required to protect jobs and allow major renewable energy investments to proceed”.

      For more information, please contact:
      Danny Nielsen
      Managing Director, Vestas Australia
      Tel: +61 3 8698 7300
      Mail: trmal@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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 gigawatts of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      In Australia, Vestas installed the first wind turbine in 1993, and has installed around 50 percent of all wind turbines since then.

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

      Download the press release (PDF) here

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      17:49 - 01 Apr 2015

      Major shareholder announcement – Marathon Asset Management LLP

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      Vestas has received information from Marathon Asset Management LLP, UK, that Marathon Asset Management LLP has reduced its holding of Vestas to 10,968,018 shares, corresponding to 4.89 per cent of Vestas’ share capital.


      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

       

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      20:43 - 31 Mar 2015

      Vestas wins 21 MW order in Costa Rica

      Vestas wins 21 MW order in Costa Rica

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      Vestas signs firm and unconditional order with Fila de Mogote, a subsidiary of US-based Hunt Energy Horizons (Hunt Oil), for the 21 MW Mogote wind power plant in the province of Guanacaste, Costa Rica.

      Vestas will supply and install seven V90-3.0 MW wind turbines at the Mogote wind farm to be constructed in Guanacaste, Costa Rica. The wind power plant has an estimated annual production of 100 GW/h, which corresponds to the residential electricity consumption of approximately 140,000 people in Costa Rica.

      The contract comprises supply and installation of the turbines and a 10-year full-scope Vestas Active Output Management (AOM 5000) service agreement.  Turbine delivery is expected to begin in the third quarter of 2015, with commissioning planned for the year end.

      “Hunt Energy Horizons is excited to develop Costa Rica’s excellent wind resources, and providing ICE (the local utility) a sustainable and economic option to help meet the country’s growing electricity demand. We found in Vestas and its V90-3.0 turbine model the key factors needed for our Fila de Mogote wind project to be a great success”, says Hector Gutierrez, head of Business Development at Hunt Energy Horizons.

      According the President of Vestas Mediterranean, Marco Graziano, “Costa Rica’s bet on wind energy is an important step in the fight against climate change in a country particularly endowed with a spectacular natural environment”.  He adds that “Vestas has been present in Costa Rica since 1998, so we are confident we have the right capabilities to carry out this project successfully”.

      Last year, Vestas announced a 21 MW order for the Tilawind wind power plant in Guanacaste, which will be soon under operation. Once Tilawind is fully operational, Vestas turbines will power four wind farms in Costa Rica, including Aeroenergía (6.7 MW), Tierras Morenas (24 MW) and Tejona (19.8 MW).

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

      Michael Zarin
      Head of External Communications & Media Relations
      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 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:

       
      Download the press release (PDF) here.

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      20:10 - 31 Mar 2015

      Vestas receives 23 MW turbine order in Finland

      Vestas receives 23 MW turbine order in Finland

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      Vestas has secured a 23 MW order in Finland, the first order in the country to feature the Vestas De-icing System on the V126 turbine.

      The order for seven V126-3.3 MW turbines has been placed by E-Group for the Posio I project in Posio, Lappland and Kuusamo, Northern Ostrobothnia. Turbine delivery is expected to begin in the second quarter of 2016.
       
      The contract includes delivery, installation and commissioning of the turbines, a 10-year Active Output Management (AOM) 5000 service agreement, VestasOnline® Business SCADA solution and the Vestas De-icing System. The De-icing system can help prevent ice build-up on the turbine blades by using an ice detection system and a hot air flow unit within the blades.

      “The Posio I order marks the first time that we will be working on a project with E-Group and it underlines our strong position in the Finnish market”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “We are very pleased that E-Group has chosen to work with us on their project and that the De-icing System will be used on the V126 turbine”, Mortensen says.

      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 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 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:


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

       

      Download the press release (PDF) here.

      Close article
      15:37 - 31 Mar 2015

      Vestas secures 53 MW turbine order in Finland

      Vestas secures 53 MW turbine order in Finland

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      Finland’s EPV Tuulivoima has placed its second consecutive order with Vestas for a project in Ilmajoki in the western part of the country.

      The order for the Ilmajoki Santavuori project is for 16 V126-3.3 MW turbines and includes delivery, installation and commissioning of the turbines as well as a six-year Active Output Management (AOM) 5000 service agreement. Delivery of the turbines is expected to take place in the first quarter of 2016.  The project is expected to be completed in the third quarter of 2016.

      “EPV Tuulivoima has been a customer with Vestas since 2013 and we are very pleased that they have chosen to work with us on their second project in a row”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “Furthermore, with this order, we underline our strong position in the Finnish market – a market that is growing and strategic for Vestas in Northern Europe”, Mortensen says.

      EPV Tuulivoima has previously placed one order with Vestas for the 53 MW Vähäkyrö project.

      Finland plans to increase the use of renewable energy from 30 percent to 38 percent by 2020 by increasing the usage of wind energy, biomass and other renewable energy sources. A feed-in premium came into effect in 2011 in the country, a tariff designed to support the use and development of wind power. Since the feed-in premium came into effect, Vestas has received orders in Finland totaling 478 MW, including the Ilmajoki Santavuori project. 

      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 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 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 66 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:

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

      Download the press release (PDF) here.

      Close article
      11:00 - 31 Mar 2015

      Vestas secures its fourth announced order in China this year

      Vestas secures its fourth announced order in China this year

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      Vestas has received a 50 MW order from Hebei Fengning Construction Investment New Energy, its fourth announced order in China this year.

      The order is for 25 V90-2.0 MW turbines for the HECIC Fengning Senjitu Wind Farm Phase II project.  Delivery and commissioning is expected at the end of this year. The contract includes supply of the turbines as well as a VestasOnline® Business SCADA solution and a two-year Active Output Management (AOM) 4000 service agreement.

      Hebei Fengning Construction Investment New Energy has 10 years of experience with wind energy and has currently placed orders with Vestas amounting to 320 MW, including the HECIC Fengning Senjitu order.

      Vestas installed its first wind turbine in China in 1986. Since then, Vestas has introduced a full suite of turbine and service products for China’s low- and medium-wind sites and remains fully committed to the world’s largest wind energy market.

      “Hebei Fengning Construction Investment New Energy placed its first order with Vestas seven years ago, and we are very pleased that the company has now chosen to place its sixth order with us”, says Chris Beaufait, President of Vestas Asia Pacific & China. “We expect that China will remain the largest onshore market, and we have a strong foundation for improving our regional competitiveness and presence in the country”, Beaufait says.

      About Vestas
      More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines worldwide currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories, and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Local media:
      Giorgio Fortunato
      Regional Marketing Director, Asia Pacific & China
      Vestas Asia Pacific & China
      Tel   +86 10 5804 1493
      Email: gifor@vestas.com

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

      Download the press release (PDF) here

      Close article
      14:45 - 30 Mar 2015

      Vestas Wind Systems A/S’ Annual General Meeting on 30 March 2015


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

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

      Agenda and resolutions

      1. The Board of Directors’ report on the company’s activities the past year
      The report is not a subject for voting. The Annual General Meeting took note of the report.   

      2. Presentation and adoption of the annual report
      The annual report 2014 was approved.

      3. Resolution for the allocation of the result of the year according to the adopted annual report
      The Board of Directors’ proposal for allocation of the result of the year, including the proposal for a dividend of DKK 3.90 per share to be paid out for 2014, was approved.

      4. Election to the Board of Directors
      Bert Nordberg, Carsten Bjerg, Eija Pitkänen, Henrik Andersen, Henry Sténson, Lars Josefsson, Lykke Friis and Torben Ballegaard Sørensen were elected as members of the board.

      5. Adoption of the remuneration of the Board of Directors

      5.1. Approval of the final remuneration of the Board of Directors for 2014
      The Board of Directors proposed that the remuneration of the Board of Directors and the members of board committees remain unchanged as approved by the general meeting in 2014. The final remuneration of the Board of Directors and the members of the board committees for 2014 was approved.

      5.2. Approval of the level of remuneration of the Board of Directors for 2015
      The Board of Directors proposed that the level of remuneration for 2015 be based upon a basic remuneration of EUR 52,763 per board member as well as a remuneration of EUR 26,382 per membership of one of the board committees. The proposal implies an increase of 10 per cent. The proposal was approved.

      6. Appointment of auditor
      PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as auditor of the company.

      7. Proposals from the Board of Directors

      7.1. Amendment of article 4(4) of the articles of association
      The article is amended so that a notice convening a general meeting shall not be announced in a national daily newspaper. The notice will be published on the company’s website. The amendment was approved.

      7.2. Amendment of article 10(1) of the articles of association
      The article is amended so that joint signatures of two members of the Executive Management can bind the company. The amendment was approved.

      7.3. Adoption of remuneration policy for the Board of Directors and the Executive Management
      The remuneration policy for the Board of Directors and the Executive Management was approved.

      7.4. Adoption of general guidelines for incentive pay of the Board of Directors and the Executive Management
      The guidelines for incentive pay were approved.

      7.5. Renewal of the authorisation to acquire treasury shares
      The Board of Directors’ authorisation to let the company acquire treasury shares corresponding to 10 per cent of the share capital in the period until next annual general meeting was approved.

      8. Authorisation of the chairman of the general meeting
      The chairman (with a right of substitution) was authorised to file and register the adopted resolutions with the Danish Business Authority and make such amendments as requested by the Danish Business Authority.

      - - - - - - -

      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
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

      Download Articles of Association 2015 (pdf)

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      08:43 - 26 Mar 2015

      Vestas receives 40 MW order in U.S. state of Maine

      Vestas receives 40 MW order in U.S. state of Maine

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      Vestas continues its expansion in Maine with an order for 13 new turbines.

      Vestas has received a firm and unconditional order in the United States for 13 V112-3.075 MW turbines for the Passadumkeag wind farm in Penobscot County, Maine. 

      The order was placed by Passadumkeag Windpark, LLC, an affiliate of Quantum Utility Generation, LLC.  The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM 4000) service agreement, which is designed to maximize energy production.   The project will benefit from a long-term utility power purchase agreement, a consistent wind resource, and an experienced team to support construction and operation activities.

      The announcement marks the first partnership between Quantum and Vestas, and is the result of a multi-year collaboration on site design, environmental permitting, and grid interconnection. 

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada is encouraged by the new relationship.  “We’re very pleased about the new and promising relationship with Quantum and about the benefits the project brings to Maine,” Brown said. “Like our other projects in Maine, this one is an opportunity for Maine ports, Maine construction jobs, and Maine-based service technicians.”

      Sean O’Donnell, President of Quantum Utility Generation, LLC, commented “Quantum is excited about how building this top-tier utility–scale wind project will help increase employment and provide long-term benefits for the state of Maine.  We appreciate the support provided by Vestas and our other project partners during Passadumkeag’s development and construction.”

      Vestas currently has 166.2 MW installed in Maine and announced an order for a 148 MW project near Oakfield, Maine in May 2014.

      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 53,700 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 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the US.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:
      Piper Baron
      Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email: pibrn@vestas.com

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

      About Quantum
      Quantum Utility Generation, LLC is an independent power producer based in Houston, TX that develops, builds, owns and operates renewable and conventional generation projects across North America.  For more information, visit www.quantumug.com.

      Download the press release (PDF) here.

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      09:25 - 25 Mar 2015

      Vestas wins 36 MW Danish wind turbine project

      Vestas wins 36 MW Danish wind turbine project

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      Vestas has secured an order for 11 V117-3.3 MW turbines in Denmark, to be installed on the island of Lolland.

      The 36 MW order for the Rødby Fjord project has been placed by long-time Vestas customer European Energy A/S. The order includes supply, installation, and commissioning of the turbines, along with a 15-year full-scope Vestas Active Output Management (AOM 4000) service agreement. Turbine delivery is expected in the fourth quarter of 2015.  

      “For more than 10 years, Vestas has been an important partner for European Energy when it comes to successful wind energy projects throughout Europe. We are very pleased to work with Vestas and build on our strong relationship. The Vestas V117 helps us improve our business case certainty, and we have high hopes for the Rødby Fjord project,” says CEO Knud Erik Andersen, European Energy A/S.

      Vestas has delivered wind turbines for other European Energy A/S projects in Europe, including in St. Røttinge, Ritalba, and Ottenhausen.

      “In Denmark most wind farms are placed along the western coastline facing the North Sea. This project in south eastern Denmark reaffirms that wind power makes sense across the country.  Rødby Fjord is known as a site with great wind resources, and we look forward to realising the project together with European Energy later this year,” says Klaus Steen Mortensen, President of Vestas Northern Europe.

      For more information, please contact:
      Lina Danstrup
      Communications & Press Officer
      Tel: +45 61 26 99 87
      Mail: limat@vestas.com

      About Vestas
      In Denmark, Vestas has more than 3 GW installed capacity and employs more than 4,200 people. Several Danish factories also serve as Centres of Excellence and train Vestas employees from all over the world.

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 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 19,700 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 66 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:

       Download the press release (PDF) here

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      13:59 - 20 Mar 2015

      Vestas wins 122 MW order in Sweden

      Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden’s largest wind power plants.

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      Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden’s largest wind power plants.

      With reference to Vestas Wind Systems A/S company announcement No. 13 of 20 March 2015, Vestas is pleased to announce this 122 MW project which will be located in Sweden’s Ljusdal and Bollnäs municipalities, and will be the country’s first wind power plant to use the V117-3.3 MW turbine. This order brings Vestas’ announced order intake in the first quarter of 2015 above 1 GW.

      Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments.  With a combined generation capacity of more than 1,200 MW, it is one of the world's largest financial investors in renewable energy.  The Sörby project has been developed by Kraftö Vind AB, a well-established developer with a large portfolio focusing primarily on Sweden. Kraftö will manage the construction of the wind farm.
       
      Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016. The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000).

      We are very pleased to become the owner of the 122 MW Sörby project which materially strengthens our position in the Swedish wind market. We look forward to working with both Kraftö and Vestas to ensure the smooth construction and optimal long-term operation of the project”, states David Jones, Head of Renewable Energy at Allianz Capital Partners.

      ”The open mindset approach that has characterised our cooperation with the Vestas team has enabled us to continuously improve the business case certainty all the way to financial close. Furthermore, the selection of the V117-3.3MW turbine ensures that we enhance the already solid wind resources at the site” says Anders Barne, CEO of Kraftö Vind AB.

      “Vestas’ wide range of wind turbine types is well-suited for all market conditions and thus offers our customers a strong business case for their wind power investments”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “We are really pleased with being selected as the supplier and long-term service partner on the 122 MW Sörby project”.

      Today, Vestas has delivered about 1,600 wind turbines, totalling more than 2,500 MW, to Sweden.

      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 53,700 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 19,700 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 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

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

      Download news release (pdf)

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      13:39 - 20 Mar 2015

      Vestas receives 122 MW order in Sweden

      Vestas has received a firm and unconditional order in Sweden, comprising 37 V117-3.3 MW turbines, with a total capacity of 122 MW.

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      Vestas has received a firm and unconditional order in Sweden, comprising 37 V117-3.3 MW turbines, with a total capacity of 122 MW.

      Additional information about the project:

      Customer: Allianz Capital Partners Ltd.
      Project name: Sörby
      Location/Country: Ljusdal and Bollnäs, Sweden
      Number of MW: 122 MW
      Number of turbines/turbine type 37 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM) 5000 service agreement, and a VestasOnline® Business SCADA solution.
      Time of delivery Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016.

      Total year-to-date announced order intake in MW: 1,109 MW (see overview at vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas Northern Europe
      Klaus Steen Mortensen, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      11:18 - 19 Mar 2015

      Vestas receives 48 MW order in China

      Vestas receives 48 MW order in China

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      Vestas has secured an order for 24 V100-2.0 MW turbines in China, its third announced order in the country this year.

      The order has been placed by long-time Vestas customer CGN (Anxi) Wind Power Co. Ltd. CGN (Anxi) Wind Power currently has Vestas wind turbines totalling 960 MW installed in China. The CGN Fujian Anxi Longmen Wind Farm project is located in the Fujian province. Deliveries for the project will start in the third quarter of 2015. The contract also includes a two-year Active Output Management (AOM) 4000 service agreement.

      “Vestas installed its first wind turbine in China in 1986 and has since introduced a full suite of turbine and service products for China’s low- and medium-wind sites, reinvigorating the group’s long-standing commitment to the world’s largest wind energy market,” says Chris Beaufait, President of Vestas Asia Pacific & China. “The CGN Fujian Anxi Longmen Wind Farm Project will help increase the proportion of clean energy in the province and we are very pleased that CGN (Anxi) Wind Power Co. Ltd has chosen to work with us on yet another project,” Beaufait says.

      About Vestas
      More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines worldwide currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 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 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For more information, please contact:

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

      Local media:
      Giorgio Fortunato
      Regional Marketing Director, Asia Pacific & China
      Vestas Asia Pacific & China
      Tel   +86 10 5804 1493
      Email: gifor@vestas.com

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

      Download the press release (PDF) here

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      22:10 - 10 Mar 2015

      Vestas receives 180 MW order in Brazil

      Vestas has received a firm and unconditional order of 180 MW in Brazil.

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      Vestas has received a firm and unconditional order of 180 MW in Brazil.


      Additional information about the project:

      Customer: Undisclosed at the customer’s request.
      Project name: Undisclosed at the customer’s request.
      Location/Country: Campo Formoso, Brazil
      Number of MW: 180 MW
      Number of turbines/turbine type 90 x V110-2.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract comprises supply and installation of the wind turbines as well as a two-year full-scope Active Output Management (AOM) 4000 service agreement followed by an eight-year customised service agreement.
      Time of delivery                                  Delivery of the wind turbines is planned for the second quarter of 2016, while commissioning is expected in the periods thereafter.

      Total year-to-date announced order intake in MW: 939 MW (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Vestas Mediterranean
      Marco Graziano, President 

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

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

      Download company announcement (pdf)

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      11:18 - 06 Mar 2015

      Vestas receives 50 MW order for wind power plant in Germany

      Vestas receives 50 MW order for wind power plant in Germany

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      CPC Germania orders 15 units of the V112-3.3 MW turbine for the Hüselitz wind project in eastern Germany.

      Vestas is pleased to announce a firm and unconditional order for the Hüselitz wind power plant in eastern Germany that includes an option for an additional 19 turbines. Hüselitz will be located in Saxony-Anhalt. Turbine delivery is expected to start in the third quarter of 2015, with commissioning expected for the end of 2015 and the beginning of 2016. 

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

      „For more than 15 years, Vestas has been an important partner for CPC Germania when it comes to successful wind energy projects in Europe.  Driving product innovation and solid partnership throughout the entire process as well as ensuring reliable product lifecycles and a corporate culture that supports the collaboration with medium-sized enterprises is key to us”, states Markus Tacke, CEO of CPC Germania.

      “Vestas looks forward to building on its long-term partnership with CPC Germania and to bringing the Hüselitz project online together with them”, says Dr. Christoph Vogel, President of Vestas Central Europe. “The turbines of our 3 MW platform are an optimal choice, providing proven technology and low cost of energy – both of which support our customer’s business case”.

      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 53,700 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 19,700 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 66 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 6,900 turbines representing a total capacity of about 10,000 MW to this key market. Today, Vestas has a market share of about 24 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 www.vestas.com and following us on our social media channels:

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

      Download the press release (PDF) here 

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      17:42 - 04 Mar 2015

      Vestas successfully places a EUR 500m Eurobond  

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      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 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 or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). 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 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 or Japan.

      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 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 or any other jurisdiction 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
      06:05 - 02 Mar 2015

      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, 30 March 2015 at 1:00 p.m. (CET) at the Concert Hall Aarhus (Musikhuset Aarhus), Thomas Jensens Allé, 8000 Aarhus C, Denmark.

      Download full convening (pdf)
      Read more ...

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      09:35 - 20 Feb 2015

       Vestas mandates banks to arrange investor meetings in Europe

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      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 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 or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). 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 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 or Japan.

      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 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 or any other jurisdiction 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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      11:30 - 19 Feb 2015

      Vestas wins 33 MW order for V126-3.3 MW turbines in Sweden

      Vestas wins 33 MW order for V126-3.3 MW turbines in Sweden

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      OX2 orders 10 V126-3.3 MW turbines for a wind power plant in northern Sweden

      Vestas has received a firm and unconditional order for 10 V126-3.3 MW turbines for the Maevaara 2 wind power plant. The order also includes the first Vestas De-icing System for the V126-3.3 MW.

      The order was placed by Nordic renewable energy developer OX2. The wind power plant will be in northern Sweden. This project is the second in Sweden to utilise the V126-3.3 MW turbine model. Turbine delivery is planned to begin in the second quarter of 2016 with installation during second and third quarter of 2016.

      The contract includes supply, installation and commissioning of 10 V126-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000), which was signed with Allianz Capital Partners, the Allianz Group's in-house investment division for alternative investments.  Allianz, with a combined generation capacity of more than 1,200 MW, is one of the world's largest financial investors in renewable energy and has recently purchased the Maevaara 2 wind power plant from OX2.

      “We're very pleased to be installing Vestas V126-3.3MW turbines at the extension to the Maevaara project and look forward to working closely with Vestas to ensure optimal through-life operational performance”, states David Jones, Head of Renewable Energy at Allianz Capital Partners.

      “The new V126-3.3 MW with de-icing is a good match for the Nordic environment and ensures that the site is utilised in an optimal way”, says Paul Stormoen, CEO of OX2 Wind. "We are very pleased with our long-term relationship with Vestas and are looking forward to work together on this project.                  

      “Sweden is an increasingly important renewable energy market. Vestas’ ability to offer leading technology solutions such as the V126-3.3 MW and the Vestas De-icing System provides our customers there with a competitive value proposition for generating more energy on low wind sites”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “Vestas is very pleased to continue our successful partnership with OX2 and Allianz Capital Partners realizing this wind energy project.”

      Today, Vestas has delivered about 1,500 wind turbines totalling more than 2,400 MW to Sweden.

      About the Vestas De-icing System (VDS)
      Easily serviceable from within the hub and inside the blade, VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage. VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice buildup occurs. VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy. The system can be triggered automatically or manually, ensuring customers have full monitoring control of the system. Vestas has received more than 200 MW of firm and unconditional orders for turbines with the VDS system, which is available for V112-3.3 MW, V117-3.3 MW, and V126-3.3 MW.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 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 19,700 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 66 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:

      About OX2
      OX2 develops, constructs, finances and manages renewable energy projects in the Nordic region. The company is a driving force in the transition towards a sustainable energy sector, offering financial investors as well as large energy users the opportunity to invest in and own renewable energy plants. OX2 has realised a significant part of the large-scale onshore wind power projects in the Nordic region. The group has operations in Sweden, Finland, Norway and Poland. For more information, please see www.ox2.com.

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

      Download the press release (PDF) here.

       

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      10:35 - 18 Feb 2015

      Information in the market regarding offshore project in the UK

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      Today there is information in the market regarding the appointment of MHI Vestas Offshore Wind as preferred supplier by DONG Energy for an offshore project in the UK.

      Vestas can confirm that MHI Vestas Offshore Wind has been appointed preferred supplier for the delivery of the V164-8.0 MW wind turbine for phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

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

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

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 8209

      Download Company announcement (pdf)

       

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      10:25 - 18 Feb 2015

      Information in the market regarding project in Canada

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      Today there is information in the market regarding a project in Quebec, Canada, comprising 68 3.3 MW turbines, totalling 224.4 MW.

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

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

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

      Download pdf

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      09:00 - 13 Feb 2015

      Vestas wins 48 MW order in Poland, strengthening market-leading position

      Vestas wins 48 MW order in Poland, strengthening market-leading position

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      Polenergia S.A. orders 24 V110-2.0 MW turbines for wind power project in western Poland

      Vestas has received a firm and unconditional order for 24 V110-2.0 MW turbines for the Mycielin wind power project to be located in western Poland. The order was placed by Polenergia S.A., the largest private Polish energy group.

      Wind turbine delivery is expected to begin in the third quarter of 2015 with commissioning expected to be completed in the fourth quarter of 2015. The contract includes supply, installation and commissioning of the 24 V110-2.0 MW turbines along with a VestasOnline® Business SCADA solution and a five-year service agreement (AOM 5000).

      “It is an important step towards achieving Polenergia’s goals in wind energy development. We are happy to work with Vestas as a turbine supplier again”, states Michał Kozłowski, Vice President of Polenergia S.A.

      “It is a real pleasure for us to announce another order in Poland. Polenergia S.A. is a key player in the Polish energy market and a highly valued customer. We are happy to be chosen as the wind turbine supplier and service provider for this wind power plant and to consolidate our market leadership in Poland”, states Klaus Steen Mortensen, President of 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’ more than 53,700 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 19,700 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 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Having been established in 2003, Vestas Poland employs more than 150 people fully dedicated to wind energy and to securing customers’ business case. In addition to our two offices in Szczecin and Warsaw, Vestas also operates 16 service hubs in Poland. Vestas has delivered to the Polish market about 570 wind turbines, totalling about 1,200 MW. Vestas has more than 30 percent market share of total installations in Poland.

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

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

      Download the press release (PDF) here

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      08:35 - 11 Feb 2015

      Annual report 2014

      – Strong performance on all key financial and operational parameters

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      – Strong performance on all key financial and operational parameters

      Summary: 2014 was the first year in the implementation of Vestas’ new strategic plan, Profitable Growth for Vestas, and it proved to be a year of strong performance. Compared to 2013, general performance substantially improved due to a successful execution of the strategic plan combined with a continued focus on the parameters which were at the centre of the previous turnaround plan. Wind turbine order intake increased by 10 per cent in 2014 and the service order backlog increased as well, providing continued evidence of Vestas’ strong position in the market.

      For full year 2014, revenue amounted to EUR 6.9bn, EBIT margin before special items was 8.1 per cent, total investments was EUR 285m, and the free cash flow amounted to EUR 841m. This was all in line with the latest expectations of revenue of EUR 6.4bn-7.0bn, EBIT margin before special items of 7-8 per cent, total investments of approx EUR 250m, and free cash flow around EUR 850m. The activity level and earnings of the period were a result of stable execution throughout the year.

      The wind turbine order intake increased from 5,964 MW in 2013 to 6,544 MW in 2014 and the value of the service order backlog increased by EUR 0.3bn to EUR 7.0bn, despite the carve-out of the offshore service order backlog during the year.

      For 2015, Vestas expects revenue to amount to minimum EUR 6.5bn with an EBIT margin before special items of minimum 7 per cent, total investments of approx EUR 300m, and a free cash flow of minimum EUR 400m.

      As a result of the strong performance during the year, Vestas’ capital structure targets have been met and, as per the dividend policy of the company, the Board of Directors recommends to the Annual General Meeting that a dividend of DKK 3.90 per share, equivalent to 29.5 per cent of the net profit for the year, be distributed to the shareholders.

      “I’m pleased to see that Vestas’ financial performance continues to improve, with solid results on all key financial and operational parameters. One year on, the “Profitable Growth for Vestas” strategy is very much on track.  Vestas’ strong results are creating value for our shareholders, as illustrated by the Board’s recommendation to distribute a dividend for the first time since 2002,” says Anders Runevad, Group President & CEO.  He continues: “I also want to commend the Vestas employees for their tremendous efforts, leading to the strong results we present today”.

      Press and analyst meeting in Copenhagen, Denmark
      In connection with the disclosure of the annual report, an information meeting including the strategic update will be held on Wednesday, 11 February 2015 at 10.00 a.m. CET (9.00 a.m. GMT) for analysts, investors and the media at:

      Radisson Blu Royal Hotel, Copenhagen
      Hammerichsgade 1
      1611 Copenhagen V
      Denmark

      Further details at www.vestas.com/investor

      Contact details
      Vestas Wind Systems A/S, Denmark

      Investors/analysts:
      Hans Martin Smith, Senior Vice President, Investor Relations, Tel.: +45 9730 8209

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

      Download Company announcement (pdf)

      Download Annual report 2014 (pdf)