Company News

    • 12:33 - 30 Sep 2016

      Vestas secures 40 MW order in Brazil

      Vestas strengthens its position in the Brazilian market with a new order from Gestamp Wind.

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      Vestas strengthens its position in the Brazilian market with a new order from Gestamp Wind.

      Continuing to make inroads into the Brazilian wind market, Vestas has received a firm and unconditional order from long-term partner Gestamp Eólica Brazil S.A. to supply 20 units of the V110-2.0 MW turbine for the 40 MW Pedra Rajada I/II wind parks to be located in Rio Grande do Norte, Brazil.

      This new contract reinforces Vestas’ strong partnership with Gestamp Wind, with whom it has already signed firm orders for the supply of 193 MW in Brazil and 278 MW worldwide.

      The wind turbines will be produced in compliance with the local content rules set by the Brazilian Development Bank (BNDES). The contract includes the supply and installation of the wind turbines as well as a 10-year Active Output Management (AOM) 4000 service agreement based on Vestas’ latest smart data and technical capabilities to release the full potential of the wind parks. Turbine delivery is planned for the second quarter of 2017, while commissioning is expected for the third quarter of 2017.

      President of Vestas Mediterranean, Marco Graziano, comments, “Vestas has made a significant effort to expand our presence in Brazil, and today’s order confirms we are making good progress. Our customers appreciate these efforts, and we are pleased to see that our determination is paying off now. We are committed to deliver on our promises and continue to meet our customers’ needs and expectations”.

      Brazil was Vestas’ fifth largest market for new orders in 2015.  With today’s order, Vestas has announced 212 MW in firm and unconditional orders in Brazil in 2016.

      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
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.

      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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      10:56 - 30 Sep 2016

      Vestas receives 100 MW order in China

      The order for 50 Vestas V100-2.0 MW wind turbines was placed by long-term customer CGN Wind Energy Limited for a project in north-eastern China.

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      The order for 50 Vestas V100-2.0 MW wind turbines was placed by long-term customer CGN Wind Energy Limited for a project in north-eastern China.

      The Liulongtai project is located in Yi County, Jinzhou City, in the Liaoning province, where Vestas will supply the turbines for the wind park and supervise the installation. The order also includes a 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.
       
      “The cooperation between Vestas and CGN is in its 10th year, and with this latest order, the accumulated orders in this partnership have exceeded the 1 GW milestone”, says Chris Beaufait, President of Vestas Asia Pacific and China. “We are honoured to have a long-term customer like CGN, who recognises the value of quality, reliability, and business case certainty that Vestas provides”.

      The V100-2.0 MW turbines for the project are part of Vestas’ successful 2 MW platform, of which 17,000 turbines, equalling more than 33 GW, have been installed in 45 countries around the world since 2000.

      Delivery of the turbines is expected in the second quarter of 2017 with commissioning expected in the third quarter of 2017.

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

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.

      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

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      19:11 - 29 Sep 2016

      Vestas receives its first order in Mongolia

      The order for 25 Vestas V110-2.0 MW wind turbines is for the country’s second wind power project.

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      The order for 25 Vestas V110-2.0 MW wind turbines is for the country’s second wind power project.

      The order for the 50 MW Tsetsii wind park, located in the Gobi desert in southern Mongolia, was placed by Clean Energy Asia LLC – a joint venture between SB Energy Corp. (Japan) and Newcom LLC (Mongolia) as part of an ambitious renewable energy strategy to tap into the rich wind resources of Mongolia.

      “Vestas looks forward to supplying world-leading wind power technology to Mongolia and to supporting the country’s efforts in reducing reliance on coal and in realising its vision to contribute to the sustainable energy demand of Mongolia and the Asia Pacific region”, says Chris Beaufait, President of Vestas Asia Pacific and China.

      Mongolia has abundant wind resources and is well located in the promising Asia Super Grid. Being confident in the long-term potential of the Mongolian market, Vestas established a subsidiary there, Vestas Mongolia, earlier this year.

      For this Engineering, Procurement and Construction (EPC) project, Vestas will supply and supervise the installation of the turbines and be responsible for the civil & electrical balance of plant works.

      The order also includes a five-year Active Output Management (AOM) 4000 service contract and a SCADA VestasOnline Business for data-driven monitoring and preventive maintenance.

      The Tsetsii project is jointly funded by the European Bank for Reconstruction and Development and Japan International Cooperation Agency. Delivery of the turbines is expected in the first quarter of 2017 with commissioning expected in the fourth quarter of 2017.
       

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

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.

      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 

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      14:50 - 29 Sep 2016

      Vestas receives 45 MW order and 20-year service contract for repowering project in Germany

      Vestas has received an order for 13 V126-3.45 MW turbines from project developer Green Wind Energy and the operator of the turbines being repowered, European Energy.

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      Vestas has received an order for 13 V126-3.45 MW turbines from project developer Green Wind Energy and the operator of the turbines being repowered, European Energy.

      The firm and unconditional order comprises supply and commissioning of the wind turbines as well as a 20-year full-scope service agreement (AOM 4000) and VestasOnline Business SCADA solution. The turbines will be installed at the Prignitz wind park in Brandenburg, eastern Germany.  Wind turbine delivery and commissioning is planned to begin in the first quarter of 2017.

      “Vestas’ highly advanced technology, short delivery times, and fast installation convinced us that they were the ideal partner for this repowering project”, says Knud-Erik Andersen, CEO of European Energy.

      Manuel Lasse, Managing Director of Green Wind Energy adds that, “The V126-3.45 MW turbine in combination with the smooth project execution that Vestas is known for, is ideal for our repowering project in Prignitz. To us, one of the most important aspects of this project was to get the support of the local community, now and in the future, and working with Vestas definitely helped that along”.

      “We’re very happy to add this latest agreement to our portfolio with our long-term customers, European Energy and Green Wind Energy. The turbines for the Prignitz wind project are another example of the increasing demand for our 3 MW platform in Germany. The platform repeatedly proves its versatility across a variety of German wind regimes, as our customers are benefitting from the five different rotor sizes, taller towers, and different power modes, thereby maximising annual energy production and optimising the levelised cost of energy”, says Nils de Baar, President of Vestas Central Europe.

      Since the Vestas 3 MW-platform’s debut, more than 10 GW have been installed globally, both onshore and offshore.
       
      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:
      Christina Buttler
      Communications Partner
      Tel: +49 40 46778 5153
      Mobile: +49 (0) 160 90141736
      Email: chbut@vestas.com

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.

      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 7,300 turbines representing a total capacity of more than 11 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 2,300 people in Germany.

      Download the press release (PDF) here

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      17:36 - 27 Sep 2016

      Vestas’ Bert Nordberg named Chairman of the Year

      PricewaterhouseCoopers names Vestas’ Bert Nordberg as Chairman of the Year 2016.

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      PricewaterhouseCoopers names Vestas’ Bert Nordberg as Chairman of the Year 2016.

      Based on a rigorous selection process and together with a professional and independent jury, the world’s largest professional services firm PricewaterhouseCoopers (PwC) and Styreinformasjon have named Bert Nordberg Denmark’s Chairman of the Year, stressing his key role in Vestas’ successful turnaround and the impressive financial results the company has achieved.

      The jury bases its judgment in part that with Bert Nordberg as Vestas’ Chairman, the company has significantly increased its revenue, delivered impressive order intakes in key markets as well as increased its return on invested capital (ROIC).

      “Vestas has completed an impressive turnaround and a successful change in the executive management, which have created positive results on top line as well as bottom line. The success has also benefitted the shareholders with a very solid share price improvement – an improvement that deserves recognition”, says Mogens Nørgaard Mogensen, Senior Partner and Managing Director at PwC.

      The jury also recognizes Bert Nordberg’s ability to build a “diverse, independent and professional” board that receives the necessary freedom to perform.  PwC’s Mogens Nørgaard Mogensen concludes, “In awarding the Chairman of the Year prize, we want to honour the most capable Board chairmen as an inspiration for other business leaders and companies”.

      For 10 consecutive years, PwC has awarded the Chairman of the Year prize. Former winners include Ole Andersen, Chr. Hansen (2015); Kåre Schultz, Royal Unibrew (2014); and Niels Jacobsen, Lego (2013). The award is based on 12 criteria, including minimum two years as chairman, revenue, solidity, and reputation as a company and chairman.

      The award ceremony took place on 27 September in Copenhagen. The award was presented by member of the jury, and Chairman of the Year 2015, Ole Andersen.

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

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.

      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

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      13:43 - 27 Sep 2016

      MHI Vestas Offshore Wind wins 92.4 MW order in the UK

      Vattenfall has placed an order for 11 of the world’s most powerful turbines for the European Offshore Wind Deployment Centre (EOWDC), also known as Aberdeen Offshore Wind Farm, in the UK.

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      Vattenfall has placed an order for 11 of the world’s most powerful turbines for the European Offshore Wind Deployment Centre (EOWDC), also known as Aberdeen Offshore Wind Farm, in the UK.

      The innovative 92.4 MW project will conduct thorough testing and demonstration of next generation products and services that will drive down the cost of offshore wind power.

      For additional details, please refer to the MHI Vestas Offshore Wind press release published on www.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.

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

      For more information, please contact:
      MHI Vestas Offshore Wind
      Matt Whitby, Press Officer
      Tel:  +45 2250 7131
      E-mail: matke@mhivestasoffshore.com

       

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      08:30 - 27 Sep 2016

      Transactions in connection with share buy-back programme during the period 20-26 September 2016

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      On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 20-26 September 2016:

       

      Number of
      shares

      Average purchase
      price, DKK
       

       

      Transaction
      value, DKK
       

       20 September2016

      37,148

      557.01

       

      20,691,752

       21 September 2016

      80,000

      553.40

       

       44,272,136

       22 September 2016

       31,648

       557.85

       

       17,654,922

       23 September 2016

      57,945

       551.01

       

       31,928,303

       26 September 2016

      60,000

      547.48

       

      32,849,064

       Accumulated under the programme

       1,559,007

      552.71

       

      861,675,066

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf)

      Close article
      09:58 - 23 Sep 2016

      Vestas receives 214 MW order in the United States

      Largest utility owner of wind energy in the U.S., MidAmerican Energy, orders 214 MW of PTC-qualifying components for the 2,000 MW Wind XI project in Iowa.

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      Largest utility owner of wind energy in the U.S., MidAmerican Energy, orders 214 MW of PTC-qualifying components for the 2,000 MW Wind XI project in Iowa.

      With reference to Vestas Wind Systems A/S’ company announcement No. 22/2016 of 17 June 2016, Vestas has received a firm and unconditional order from MidAmerican Energy Company (MidAmerican), a subsidiary of Berkshire Hathaway Energy, for 214 MW of Production Tax Credit (PTC) qualifying V110-2.0 MW turbine components.

      The order is part of MidAmerican’s recently approved 2,000 MW Wind XI project in Iowa.

      “Wind energy helps us keep prices stable and more affordable for customers. It provides jobs for Iowans and other economic benefits for our customers, communities and the state. Wind energy also contributes to a cleaner environment for everyone,” said Bill Fehrman, president and CEO, MidAmerican Energy. “We are proud to expand wind generation in Iowa. And, our customers appreciate that we’re doing it without asking for an increase in rates to pay for it.”

      “With this order, MidAmerican positions itself to secure the full value of the PTC for the Wind XI project, and takes the next step in delivering low-cost, domestic wind energy to its customers. As the only state to generate more than 30 percent of its energy from wind, Iowa leads the country in delivering wind energy’s economic and environmental benefits to its communities, and it’s an honor to be a part of the largest wind project in the state’s history.” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Potential future order intake under the agreement is expected to occur as partial deliveries under the master agreement and will be announced firm and unconditional consistent with Vestas’ order announcement policy.

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

      Contact details
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel: +1 (503) 708-6668
      Mail: CHCPO@vestas.com

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.
      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
      07:29 - 20 Sep 2016

      Transactions in connection with share buy-back programme during the period 13-19 September 2016

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      On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 13-19 September 2016:

       

      Number of
      shares

      Average purchase
      price, DKK
       

       

      Transaction
      value, DKK
       

       13 September2016

      82,000

      549.52

       

      45,335,623

       14 September 2016

       75,500

      549.04

       

       41,452,203

       15 September 2016

       37,643

       547.74

       

       20,618,411

       16 September 2016

       84,892

       547.25

       

       46,457,504

       19 September 2016

      28,000

      553.77

       

      15,505,669

       Accumulated under the programme

       1,292,266

      552.73

       

      714,278,889

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf) 

      Close article
      10:50 - 14 Sep 2016

      Change in communication policy regarding orders

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      As per 14 September 2016, Vestas will adjust the threshold for wind turbine and service orders to be disclosed to the market via company announcements to 300 MW and EUR 300m, respectively.

      As a listed company on Nasdaq Copenhagen, Vestas is obliged to ensure that everyone has equal access to essential information that may significantly affect the price of the Vestas share.

      For wind turbine and service orders, the working definition that Vestas has followed as a general guideline until now has been to disclose firm and unconditional orders with a size of 200 MW or more and EUR 200m or more, respectively.

      As part of the annual review of the company’s communication policy, this threshold has been assessed and as a result of the actual impact observed on the Vestas share price of past announced orders, Vestas deems it appropriate to adjust the announcement policy accordingly.

      Hence, as per 14 September 2016, Vestas will as a general rule disclose company announcements on all wind turbine orders with a total capacity of 300 MW or more.

      For service orders, the corresponding threshold going forward will be EUR 300m.

      It should be noted that this does not rule out that other factors deemed to have a significant impact on the Vestas share price can necessitate company announcements on orders below the mentioned threshold.

      For orders received by the joint venture, MHI Vestas Offshore Wind A/S, for turbine types owned by the joint venture (i.e. on 8 MW platform orders), the new threshold will be 600 MW for wind turbine orders and EUR 600m for service orders, defined as before by the 50/50 percent split ownership.

      Vestas will continue announcing firm and unconditional orders via news releases per current practice, including for orders below the revised threshold for company announcements.

      News service
      To ensure that Vestas Wind Systems A/S fulfils its stated obligations, Vestas uses Nasdaq Copenhagen's news distribution service (GlobeNewswire) for the distribution of all company announcements. The same distribution service is used for Vestas’ news releases.

      Important: If you wish to receive news releases from Vestas going forward for orders below the threshold and if you have not already subscribed to the news release distribution service, you will need to subscribe (LINK).
      If you have any questions to the distribution service, please write to ir@vestas.com

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
      Tel: +45 9730 8209
      Email: ir@vestas.com

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

      Download company announcement

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      08:30 - 13 Sep 2016

      Transactions in connection with share buy-back programme during the period 06-12 September 2016

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      On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 06-12 September 2016:

       

      Number of
      shares

      Average purchase
      price, DKK
       

       

      Transaction
      value, DKK
       

       06 September2016

      80,000

      564.18

       

      45,134,176

       07 September 2016

       30,000

      556.18

       

       16,970,001

       08 September 2016

       77,500

       562.55

       

       43,597,687

       09 September 2016

       82,500

       554.71

       

       45,763,517

       12 September 2016

      29,000

      547.43

       

      15,875,458

       Accumulated under the programme

       983,731

      553.92

       

      544,909,479

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf) 

      Close article
      06:24 - 06 Sep 2016

      Transactions in connection with share buy-back programme during the period 30 August to 5 September 2016

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      On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 30 August to 5 September 2016:

       

      Number of
      shares

      Average purchase
      price, DKK
       

       

      Transaction
      value, DKK
       

       30 August 2016

      43,366

      557.39

       

      24,171,935

       31 August 2016

       80,068

      556.18

       

       44,532,348

       01 September 2016

       58,765

       556.54

       

       32,705,191

       02 September 2016

       30,000

       557.32

       

       16,719,705

       05 September 2016

      28,500

      563.46

       

      16,058,407

       Accumulated under the programme

       684,731

      551.41

       

      377,568,640

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf)

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      08:30 - 30 Aug 2016

      Transactions in connection with share buy-back programme during the period 23-29 August 2016

       

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      On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 23-29 August 2016:

       

      Number of
      shares

      Average purchase
      price, DKK
       

       

      Transaction
      value, DKK
       

       23 August 2016

      80,000

      555.33

       

      44,426,272

       24 August 2016

       80,000

       556.15

       

       44,492,296

       25 August 2016

       37,000

       552.81

       

       20,454,051

       26 August 2016

      41,532

      555.39

       

      23,066,661

       29 August 2016

      45,000

       550.24

       

      24,760,643

       Accumulated under the programme

      444,032

      548.12

       

       243,380,990

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf) 

      Close article
      11:30 - 29 Aug 2016

      Vestas announces new Group Senior Vice President for Marketing, Communications, and Public Affairs

      Vestas announces new Group Senior Vice President for Marketing, Communications, and Public Affairs

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      Morten Dyrholm is appointed Group Senior Vice President for Marketing, Communications, and Public Affairs.

      Morten Dyrholm, currently Vice President for Global Marketing and Public Affairs, takes on this new responsibility effective today. He succeeds Anders Monrad Rendtorff, who leaves Vestas by mutual agreement. 

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

      Download this press release (PDF) here.


      Download the photo

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      08:55 - 23 Aug 2016

      Transactions in connection with share buy-back programme during the period 18-22 August 2016

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      Transactions made in the period 18-22 August 2016

      On 18 August 2016, Vestas initiated a share buy-back programme, ref. company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

      Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

      The following transactions have been made under the programme during the period 18-22 August 2016:

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

       18 August 2016

      77,500 

      532.57 

      41,274,415 

       19 August 2016

      53,000 

      535.25 

      28,367,985 

       22 August 2016

      30,000 

      551.29 

      16,538,667 

       Accumulated under the programme

      160,500 

      536.95 

      86,181,067 

      Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

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

      Download the appendix (pdf)

      Download the company announcement (pdf)

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      17:44 - 19 Aug 2016

      Vestas receives 100 MW order in Michigan

      Vestas receives 100 MW order in Michigan

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      3 MW platform expansion continues in North America with V126-3.45 MW turbines in Michigan, underlining the platform’s versatility.

      Vestas has received a firm and unconditional order in the United States from Sempra U.S. Gas & Power (“Sempra”) for 29 V126-3.45 MW turbines.  The turbines will be deployed at the 100 MW Apple Blossom wind project in Michigan.

      The order comprises supply and commissioning of the wind turbines as well as a multi-year Active Output Management (AOM) 5000 service agreement, a full-scope service package to maximize uptime and performance and energy production. 

      “The turbines at Apple Blossom are another example of the increasing demand for our 3 MW platform in the U.S. The platform repeatedly proves its versatility across a variety of North American wind regimes and across the Midwestern wind belt, as our customers are benefitting from the five different rotor sizes, taller towers and different power modes,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We’re very happy to add this latest agreement to our portfolio with Sempra.

      Originally developed by Geronimo, the Apple Blossom wind project was acquired by Sempra in July of this year, while delivery of the turbines is planned for the third quarter of 2017 and commissioning expected in the fourth quarter of that year. 

      Since the Vestas 3 MW-platform’s debut, more than 10 GW have been installed globally, both onshore and offshore.  
       
      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images.

      Contact details
      Chante Condit-Pottol, Communications Specialist, Media & External Relations
      Tel: +1 (503) 708-6668
      Mail: CHCPO@vestas.com

      About Vestas
      Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 76 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 63 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,700 employees are bringing the world sustainable energy solutions to power a bright future.


      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 (PDF) here.

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      08:40 - 18 Aug 2016

      Share buy-back programme of up to DKK 2,984 million (approximately EUR 400 million)

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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 2,984 million (approximately EUR 400 million) to be executed during the period 18 August 2016 to 30 December 2016.

      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 2016, which authorises Vestas to acquire treasury shares at a nominal value not exceeding 10 percent of the share capital at the time of the authorisation. 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 Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the "Safe Harbour” rules).

      Purpose
      The purpose of the share buy-back programme is to adjust Vestas’ capital structure and to meet obligations arising from share based incentive programmes to employees of Vestas.

      At Vestas' annual general meeting in 2017, a resolution will be proposed that shares acquired, which are not used for hedging purposes of share based incentive programmes, will be cancelled.

      Time frame
      The share buy-back programme will run from 18 August 2016 to 30 December 2016.

      Terms
      Vestas has appointed SEB as lead manager for the share buy-back programme. SEB 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 2,984 million, and no more than 20,148,033 shares, corresponding to 9.1 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) the price of the last independent trade and ii) the highest current independent bid at the trading venue, on which the purchase is carried out, at the time of trading.

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

      Prior to the share buy-back, Vestas holds 2,006,439 treasury shares, equal to 0.9 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, Group Treasury and Investor Relations
      Tel: +45 9730 8209

      Download company announcement (pdf)
       

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      08:30 - 18 Aug 2016

      Interim financial report, second quarter 2016

      Compared to the second quarter of 2015, earnings and free cash flow significantly improved, mainly driven by high activity levels in the quarter and higher average project margins. Satisfactory order intake with backlog remaining at high levels. Outlook for 2016 upgraded.

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      Compared to the second quarter of 2015, earnings and free cash flow significantly improved, mainly driven by high activity levels in the quarter and higher average project margins. Satisfactory order intake with backlog remaining at high levels. Outlook for 2016 upgraded.

      In the second quarter of 2016, Vestas generated revenue of EUR 2,557m – an increase of 46 percent compared to the year-earlier period. EBIT before special items increased by EUR 254m to EUR 399m. The EBIT margin before special items was 15.6 percent compared to 8.3 percent in the second quarter of 2015 and the free cash flow amounted to EUR 330m compared to EUR 183m in the second quarter of 2015.

      The intake of firm and unconditional wind turbine orders amounted to 1,790 MW in the second quarter of 2016. The value of the wind turbine order backlog amounted to EUR 8.2bn at 30 June 2016. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 9.9bn at the end of June 2016. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 18.1bn – an increase of EUR 1.2bn compared to the year-earlier period.

      Vestas upgrades the 2016 guidance on revenue from minimum EUR 9.0bn to minimum EUR 9.5bn, EBIT margin before special items from minimum 11.0 percent to minimum 12.5 percent, and free cash flow from minimum EUR 600m to minimum EUR 800m (incl. the acquisition of Availon Holding GmbH). The upgrade is based on better than expected performance in the first half of 2016 and visibility for the remainder of the year.

      Group President & CEO Anders Runevad said: “I am very pleased with Vestas’ strong second quarter performance. Our colleagues have executed well on a high activity level, which along with a favourable mix of projects contributed to Vestas achieving extremely solid results on revenue, EBIT margin, net profit, and free cash flow and with an order intake in line with expectations.  We are upgrading the full-year guidance on revenue, EBIT margin, and free cash flow, and as a result of the strong performance we also continue delivering tangible shareholder value through the 2016 share buy-back programme that we are launching now”.

      Key highlights

      High activity levels across the board
      Deliveries up by 56 percent in Q2 2016 – driven by all regions.

      Strong earnings
      EBIT margin before special items of 15.6 percent – up by 7.3 percentage points compared to Q2 2015.

      Order backlog continues at record-high level
      Combined order backlog at EUR 18.1bn.

      Guidance increased
      Guidance for 2016 increased on revenue, EBIT margin, and free cash flow based on better than expected H1 2016 performance and visibility for the remainder of the year.

      Share buy-back programme for 2016
      EUR 400m share buy-back programme launched to adjust the capital structure.


      Information meeting (audiocast)
      Today, Thursday 18 August 2016 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: +44 203 008 9814
      USA: +1 646 502 5118
      Denmark: +45 3544 5576

      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,
      Group Treasury and 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 2016

      Close article
      13:05 - 11 Aug 2016

      Vestas wins 112 MW Norwegian order for the V126-3.45 MW turbine with de-icing system

      OX2 has placed an order for 31 V126-3.45 MW turbines with power optimised mode to 3.6 MW and Vestas’ de-icing system, reinforcing Vestas’ market-leading position in Norway.

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      OX2 has placed an order for 31 V126-3.45 MW turbines with power optimised mode to 3.6 MW and Vestas’ de-icing system, reinforcing Vestas’ market-leading position in Norway.

      The firm and unconditional order is for the Raskiftet wind park in the municipalities of Åmot and Trysil. The order includes Vestas’ advanced de-icing system, using air heaters to capture, heat, and propel air within the turbine blades. With VestasOnline SCADA integration, the de-icing system continuously monitors the turbines’ performance and engages when there is a net power production to be gained.

      The order also includes the Vestas Obstacle Collision Avoidance System (OCAS), an intelligent radar-based system that activates the turbines’ aviation lights when an aircraft is operating in the immediate vicinity of the wind park. By activating the aviation lights only when needed, OCAS minimises visual impact while maintaining aviation safety.  

      “Raskiftet is OX2’s largest wind power project to date, and our first wind farm in Norway. We have worked successfully with Vestas for many years and are looking forward to building another high-quality wind farm together”, says Paul Stormoen, Managing Director of OX2 Wind.

      Klaus Steen Mortensen, President of Vestas Northern Europe, adds that “We are very pleased that OX2 has chosen to work with us on their first Norwegian project, and that they have chosen Vestas’ upgraded 3 MW platform accompanied by our de-icing and collision avoidance systems for the project. Our advanced de-icing technology is a critical element in regaining full power-curve capacity in cold climate conditions, while OCAS opens up new commercial opportunities for sites with regulatory lighting restrictions”.

      The order includes supply, installation, and commissioning of the turbines as well as a five-year Active Output Management service agreement (AOM5000). Delivery of the wind turbines is expected to begin in the second quarter of 2018.

      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:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel:  +46 (0)725125894
      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and close to 75 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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      22:46 - 10 Aug 2016

      Vestas receives 278 MW order in the United States

      E.ON orders 139 V110-2.0 MW turbines.

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      E.ON orders 139 V110-2.0 MW turbines.

      With reference to Vestas Wind Systems A/S’ company announcement No. 24/2016 of 10 August 2016, Vestas has received a firm and unconditional order from E.ON for 139 V110-2.0 MW turbines.

      “We are excited to be working with Vestas on this turbine purchase as E. ON expands its U.S. portfolio,” said Patrick Woodson, Chairman of E.ON North America.

      The order includes supply and commissioning of the wind turbines as well as multi-year service agreement.  Nacelles, blades, and towers will be produced at Vestas’ Colorado factories with delivery expected to begin in the second quarter of 2017 and commissioning planned for the fourth quarter of 2017.

      “We’re honored to build on our successful relationship with E.ON and further deploy the versatile V110-2.0 MW turbine to their project.  E.ON is a dedicated renewable energy leader both globally and in North America, and we look forward to help them deliver low-cost, clean electricity,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Since the Vestas 2 MW-platform’s debut, more than 33 GW have been installed globally.   

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

      Contact details
      Chante Condit-Pottol, Communications Specialist, Media & External Relations
      Tel: +1 (503) 708-6668
      Mail: CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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 news release (pdf)

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      21:48 - 10 Aug 2016

      Vestas receives 278 MW order in the USA

      Vestas has received a firm and unconditional order in the USA comprising 139 V110-2.0 MW turbines, totalling 278 MW.

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      Vestas has received a firm and unconditional order in the USA comprising 139 V110-2.0 MW turbines, totalling 278 MW.

      Additional information about the project:

      Customer: E.ON
      Project name: Undisclosed at the customer’s request
      Location/Country: USA
      Number of MW: 278 MW
      Number of turbines/turbine type 139 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 multi-year service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in the second quarter of 2017, with commissioning expected in the fourth quarter of 2017.     

      Total year-to-date announced order intake in MW: 4,216 MW, (see vestas.com/investor).

      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and 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 Wind Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

      Download press release (pdf) 

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      20:50 - 08 Aug 2016

      Vestas receives 160 MW order in the United States

      EDF Renewable Energy has placed a firm and unconditional order from for 80 PTC-qualifying 2.0 MW turbines.

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      EDF Renewable Energy has placed a firm and unconditional order for 80 PTC-qualifying 2.0 MW turbines.

      The order is part of a global master supply agreement between Vestas and EDF Énergies Nouvelles and EDF Renewable Energy for future onshore wind turbine installations in the United States and Europe for deliveries in 2016 to 2019.

      “Since entering our first master supply agreement with Vestas in 2013, EDF RE has installed more than 2 GW of the Vestas wind turbines throughout the U.S.,” said Tristan Grimbert, President and CEO of EDF Renewable Energy. “Our order today further demonstrates the success of our partnership and industry collaboration to bring more wind energy projects online.”

      The order includes supply and commissioning of the wind turbines as well as an Active Output Management (AOM) 5000 service agreement, a full-scope service package to maximize uptime, performance, and energy production.  Nacelles, blades, and towers will be produced at Vestas’ Colorado factories.

      “This order secures EDF Renewable Energy’s ability to capture the full value of the PTC by strategically deploying our versatile 2.0 MW platform on a variety of wind sites, delivering more cost-competitive wind energy to rate payers throughout the U.S.,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Since the Vestas 2 MW-platform’s debut, more than 33 GW have been installed globally, both onshore and offshore.  
       
      For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images.

      Contact details
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel: +1 (503) 708-6668
      Mail: CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      13:34 - 02 Aug 2016

      Vestas receives 120 MW order in Morocco

      With more than 900 MW already installed or under construction in Africa, this order adds to Vestas’ growing presence in the region.

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      With more than 900 MW already installed or under construction in Africa, this order adds to Vestas’ growing presence in the region.

      With reference to Vestas Wind Systems A/S’ company announcement No. 63/2015 of 30 November 2015, Vestas has signed a firm and unconditional order with Acwa Power to supply 40 units of the V90-3.0 MW wind turbine for the 120 MW Khalladi wind park, which will be located in the windy Tangiers region of northern Morocco.

      The contract comprises the supply of the wind turbines as well as a 20-year Active Output Management (AOM) 4000 service agreement to guarantee the optimal performance of the wind park.

      The Khalladi wind park will be the first renewable energy project financed by the European Bank for Reconstruction and Development (EBRD) in Morocco that allows private producers to sell electricity through power purchase agreements to industrial off-takers. In addition to EBRD, the project will be co-financed by the Moroccan bank BMCE and Argan Infrastructure Fund, an Africa-focused infrastructure fund managed by Infra Invest.

      Turbine delivery is planned for the second quarter of 2017, while commissioning is expected for the fourth quarter of 2017.

      President of Vestas Mediterranean, Marco Graziano, comments, “Being Vestas’ first order in Morocco since 2000 this project represents a big step forward for us, as we continue to work hard to build a stronger presence in the country and contribute to the development of the growing Moroccan wind industry”.

      Morocco has put in place an ambitious plan to accelerate the deployment of wind energy. The Moroccan Integrated Energy Project envisages increasing the share of wind power in the national energy mix to around 20 percent by 2020. Vestas has recently established a local presence in Casablanca.

      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      10:08 - 15 Jul 2016

      Vestas secures 131 MW order in the United States

      Vestas has received a firm and unconditional order for 131 MW of PTC qualifying turbine components.

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      Vestas has received a firm and unconditional order for 131 MW of PTC qualifying turbine components.

      The order includes qualifying components compatible with a variety of turbines across the 2 MW and 3 MW platforms.

      Since their debut, more than 8 GW of the 3 MW platform and 18 GW of the 2 MW platform have been installed globally, both onshore and offshore.  

      Delivery of the wind turbine components is expected to begin in the fourth quarter of 2016.

      “We are pleased to announce this PTC Safe Harbor order, which will enable our customer to qualify a substantial portfolio of projects for 100 percent of the Production Tax Credit value.  This versatile component mix will provide high competitiveness during this PTC window, and will enable our customer to deliver even more cost-effective wind energy to rate payers throughout North America,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Multiple components will be produced at Vestas’ Colorado factories.

      Customer and project names have not been disclosed at the customer's request.

      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:
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel:  +1 (503) 708-6668
      Mail: CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      11:25 - 07 Jul 2016

      MHI Vestas Offshore Wind has received a 406 MW order in Denmark

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      MHI Vestas Offshore Wind has received a firm and unconditional order for 49 V164-8 MW turbines with a total capacity of 406 MW for the offshore Horns Reef 3 project in Denmark, ref. company announcements No. 36/2015 of 29 June 2015  and No. 21/2016 of 2 June 2016. The 406 MW order is placed by Vattenfall, and the contract covers supply, installation 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 per cent of the joint venture company MHI Vestas Offshore Wind, Vestas will disclose firm and unconditional orders received by MHI Vestas Offshore Wind with a total capacity of 400 MW or above, ref. Vestas’ Communication Strategy.

      A news release from MHI Vestas Offshore Wind regarding the order will also be published here: http://www.mhivestasoffshore.com/media/.
       
      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
      Tel: +45 9730 8209

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

      Download company announcement (pdf)



      Close article
      19:56 - 30 Jun 2016

      Vestas secures orders for 162 MW in the United States

      Vestas has received two firm and unconditional orders, totaling 162 MW of V110-2.0 MW turbines for projects in the United States.

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      Vestas has received two firm and unconditional orders, totaling 162 MW of V110-2.0 MW turbines for projects in the United States.

      For one of the orders, some of the turbines will be delivered in the 2.2 MW power optimized mode.  Vestas and the customer utilized the flexibility of the V110 power modes to customize a site-specific product mix that extracts the maximum wind resource output, reaping the optimal value between yield and cost.

      Both orders include supply and commissioning of the wind turbines as well as Active Output Management (AOM) 5000 service agreements, a full-scope service package to maximize uptime and performance and energy production.  Turbine delivery will begin in the third quarter of 2017.  

      Turbine nacelles, blades, and towers will be produced at Vestas’ Colorado factories.

      “The V110-2.0 MW is our flagship turbine platform in the United States, and the versatility of site-specific power mode combinations unlocks the potential of the wind conditions and increases site output,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Customer and project names have not been disclosed at the customer's request.

      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:
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel:  +1 (503) 708-6668
      Mail:  CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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
      09:49 - 30 Jun 2016

      Vestas wins 76 MW order in Sweden

      Rabbalshede Vind has ordered 22 Vestas V126-3.45 MW turbines for the Lyrestad wind park with Google buying the power output.

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      Rabbalshede Vind has ordered 22 Vestas V126-3.45 MW turbines for the Lyrestad wind park with Google buying the power output.

      Rabbalshede Vind 5 AB, a joint venture between Rabbalshede Kraft AB and private investment company Ardian, has placed a firm and unconditional order for the Lyrestad wind park in Mariestad, Sweden.  Google will purchase the power produced by the wind park.

      “Working with Vestas on the Lyrestad wind park feels like a secure and natural choice. Vestas’ support and flexibility during the development of the project, the performance of the V126-3.45 MW turbine, and the optimal service package are the main reasons behind our decision to once again rely on Vestas as our turbine and service supplier”, says Peter Bjelkengren, Purchasing and Construction Manager at Rabbalshede Kraft.

      Klaus Steen Mortensen, President at Vestas Northern Europe, adds that “It is a great pleasure for Vestas to be part of this project, where we once again prove our ability to deliver a strong business case for investments in wind energy. Whether companies look to power their own operations, reduce supply risk and price volatility, or contribute to combatting climate change, investing in wind energy simply makes economic sense”.

      The order includes supply, installation, and commissioning of the turbines as well as a 10-year Active Output Management service agreement (AOM5000). Turbine delivery is expected to begin in the second quarter of 2017, with commissioning expected to start in the third quarter of 2017.

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and close to 75 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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      12:57 - 29 Jun 2016

      Vestas secures 26 MW order in Turkey

      The project will be located in Balikesir province and consist of eight V126-3.3 MW wind turbines, which are well-suited for the region’s low- to mid-speed wind conditions.

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      The project will be located in Balikesir province and consist of eight V126-3.3 MW wind turbines, which are well-suited for the region’s low- to mid-speed wind conditions.

      Vestas has secured a contract with Elfa Elektrik Uretim A.S., an affiliate of Yildirim Group, to supply eight units of the V126-3.3 MW model for a 26 MW wind farm to be located in Balikesir, in eastern Turkey.

      The contract comprises the supply and installation of the wind turbines, along with a 10-year AOM 4000 service agreement to optimise uptime, performance, and energy production. Turbine delivery is planned for the third quarter of 2016, whilst commissioning is expected in the fourth quarter of the year. 

      Olcayto Yigit, General Manager of Vestas Turkey, adds: “Vestas continues to drive down the cost of energy, and this project with Elfa Elektrik Üretim A.Ş. is no different.  With its 126-metre rotor diameter that enables greater wind capture and thus higher annual energy production, the V126-3.3 MW turbine model is designed for low- to mid-speed wind regimes and delivers market-leading cost of energy”.

      Vestas installed Turkey’s first wind turbine in 1984 and has since then delivered close to 1.2 GW of wind power capacity to Turkey. In January 2008, Vestas established an office in Istanbul and today also has three warehouses and service locations in the country. By developing a top-class local value chain in Turkey, Vestas and the expansion of Turkey’s wind capacity continue to create local jobs and capabilities.

      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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

      Downloade the press release (PDF) here

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      10:27 - 29 Jun 2016

      Vestas wins 53 MW EPC order and 20-year service contract in Germany

      A consortium of Holcim (Deutschland) GmbH and mdp GmbH places order for 16 V112-3.3 MW turbines for the Rethwisch wind power plant in Schleswig-Holstein, Germany.

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      A consortium of Holcim (Deutschland) GmbH and mdp GmbH places order for 16 V112-3.3 MW turbines for the Rethwisch wind power plant in Schleswig-Holstein, Germany.

      The order comprises an Engineering, Procurement, and Construction (EPC) contract along with a 20-year full-scope service agreement (AOM 5000) and VestasOnline® Business SCADA solution. Wind turbine delivery and commissioning is planned to begin in the fourth quarter of 2016.

      The Rethwisch wind power plant is Vestas’ first large-scale EPC project in Germany.  It leverages the company’s global EPC experience and satisfies an increasing market demand.  Vestas’ EPC offering is modular by nature. From an array of services, the customer can choose the scope that suits each individual project’s specific requirements.   

      “We chose Vestas’ EPC offering because it enables us to focus our time and resources on our core competency – project development – and thereby increase our efficiency. This will be increasingly important going forward to compete in the new auction system”, says Hans Helmut Kutzeer, Managing Director of mdp GmbH. 

      The V112-3.3 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).

      “Winning the first full scope EPC contract in Germany is another important milestone for us. We are very pleased that Holcim (Deutschland) GmbH and mdp GmbH use the V112-3.3 MW turbine, one of our top performers for high-wind sites, for this project in Schleswig-Holstein. Combining the turbine order with the AOM 5000 service agreement, we look forward to working with our partners  to help them achieve maximum return on their investment over the lifetime of the wind power plant”, says Nils de Baar, President of Vestas Central Europe.

      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than our closest competitor and more than 75 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 7,200 turbines representing a total capacity of about 11,100 MW 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 2,300 people in Germany.

      Download the press release (PDF) here

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      09:47 - 29 Jun 2016

      Vestas secures 53 MW order in the United States

      Vestas has received a firm and unconditional order from Xcel Energy Inc. for 53 MW of V110-2.0 MW turbine components.

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      Vestas has received a firm and unconditional order from Xcel Energy Inc. for 53 MW of V110-2.0 MW turbine components.

      The firm order serves as the PTC Safe Harbor order for the proposed 600 MW Rush Creek project, and will be delivered to Xcel Energy in December 2016. The order follows a conditional agreement to supply up to 300 V110-2.0 MW turbines for Xcel Energy’s 600 MW Rush Creek Wind Project (ref. company announcement No. 13/2016 on 13 April 2016). Xcel Energy filed an application for approval of the project with the Colorado Public Utilities Commission (CPUC) in May 2016.  

      Turbine nacelles, blades, and towers will be produced at Vestas’ Colorado factories.

      “We are honored to build on our strong relationship with Xcel Energy, and as part of the largest wind project in the state, to help deliver clean, low-cost wind energy to Colorado households with Colorado-manufactured nacelles, blades and towers,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      “Our partnership with Vestas in securing turbines for the proposed Rush Creek Wind Project is an integral part of the overall ‘Our Energy Future’ vision for the state of Colorado,” said David Eves, president, Xcel Energy – Colorado. “We are particularly gratified that Rush Creek, which will be the state’s largest and most cost-effective wind farm, will generate electricity for our customers with turbines built in Colorado.”

      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:
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel:  +1 (503) 708-6668
      Mail: CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      13:25 - 27 Jun 2016

      Vestas wins 26 MW order in Greece

      The project will consist of eight V112-3.3 MW turbines and is CNI S.A’s first order with Vestas.

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      The project will consist of eight V112-3.3 MW turbines and is CNI S.A’s first order with Vestas.

      The firm and unconditional order placed by CNI S.A is for a 26 MW wind park to be located in the Arcadia region in southern Greece. The contract comprises supply and installation of the wind turbines as well as a 15-year AOM 4000 service agreement to guarantee and optimise performance of the wind turbines. Turbine delivery is planned for the first quarter of 2017, whilst commissioning is expected in the second quarter of 2017.

      According to Marco Graziano, President of Vestas Mediterranean, “This order is the result of a partnership with CNI S.A that has been evolving for the last five years and on which we look forward to continue building going forward. Vestas has been active in the Greek market for more than 10 years and will continue to be so in the years to come”.

      Nikos Konstantopoulos, President of CNI S.A. says that “The Vestas Hellas team did well to find common ground and solutions during negotiations, and we are confident that project execution will also be carried out in the same spirit. The V112-3.3 MW Vestas model meets our expectations, and since we will continue to invest in the wind energy sector in Greece, we look forward to a long and fruitful co-operation with Vestas for projects to come”.

      Vestas has delivered more than 1.1 GW of wind power capacity to Greece.

      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      11:45 - 27 Jun 2016

      Vestas receives 30 MW order in Vietnam

      For its first ever wind power project, Vietnamese customer Tan Hoan Cau Joint Stock Corporation (THC) has placed an order for 15 Vestas V100-2.0 MW turbines.

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      For its first ever wind power project, Vietnamese customer Tan Hoan Cau Joint Stock Corporation (THC) has placed an order for 15 Vestas V100-2.0 MW turbines.

      The order is for the Huong Linh 2 Wind Farm in the Quang Tri Province in Vietnam’s north central coast region.

      “For our very first venture into the wind energy business, we wanted to be in good and capable hands – and we found that with Vestas. We are impressed with the technological advancement of Vestas’ products and their ability to match the right turbine for each specific wind site as well as their proven track record and extensive experience within the industry”, says Mai Van Hue, Chairman of THC. 

      Chris Beaufait, President of Vestas Asia Pacific and China adds that “Vietnam is a country with abundant wind resources - among the richest in South-East Asia – and wind power represents an independent, competitive, and clean energy source to tackle the growing electricity demand in the country. We’re looking forward to the successful execution of the Huong Linh 2 wind farm project, and view this as the foundation for a promising future cooperation with our new customer, Tan Hoan Cau Joint Stock Corporation”.

      The order comprises supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM) 4000 service contract, in which Vestas guarantees a defined level of availability and performance. The order also includes SCADA VestasOnline Business for data-driven monitoring and preventive maintenance. Delivery and commissioning are expected in late 2016 and early 2017.

      For more information, please contact:
      Hua Zhang
      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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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      11:00 - 17 Jun 2016

      Information in the market regarding agreement in the USA

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      Vestas has been informed that MidAmerican Energy Company has filed a notice with the Iowa Utilities Board highlighting an agreement between Vestas and MidAmerican Energy Company with a potential of up to 2,000 MW in the USA.

      Vestas can confirm that Vestas has entered into a conditional agreement with MidAmerican Energy Company (“MidAmerican”) to supply up to 1,000 V110-2.0 MW wind turbines for MidAmerican’s 2,000 MW Wind XI project in Iowa, which is still pending approval from the Iowa Utilities Board (IUB).

      In addition, the conditional agreement includes exclusivity provisions for Vestas to supply 100 percent of MidAmerican’s 2016 PTC Safe Harbor components. 

      The conditional agreement comprises supply and commissioning of the wind turbines as well as a 5-year Active Output Management (AOM) 4000 service agreement with options to extend for up to 10 years. Pending the IUB approval, delivery and commissioning of the turbines will occur from 2016 to 2019.

      “This project, if approved, will bring considerable economic benefits to MidAmerican's rate payers and communities, and Vestas is proud to partner with MidAmerican Energy in their commitment to generate 100 percent renewable energy,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada.

      Wind XI follows MidAmerican’s first of its kind utility commitment to providing customers with 100 percent renewable energy generation. 

      MidAmerican Energy Company, a subsidiary of Berkshire Hathaway Energy, is the largest regulated utility owner of wind energy in the USA. With the investment in Wind XI, the utility will generate 85 percent of its retail load from wind. 

      If and when the agreement translates into orders that meet Vestas’ definition for firm and unconditional orders, Vestas will disclose company announcements announcing specific orders under the agreement in accordance with its defined order announcement policy. Potential future order intake under the agreement is expected to occur as partial deliveries under the master agreement and hence, will be announced firm and unconditional when they occur as such.

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

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

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

      Download company announcement (pdf)

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      10:48 - 15 Jun 2016

      Vestas receives 48 MW order in China

      The order for 24 Vestas V110-2.0 MW wind turbines was placed by long-time customer China Longyuan Power Group Corporation.

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      The order for 24 Vestas V110-2.0 MW wind turbines was placed by long-time customer China Longyuan Power Group Corporation.

      China Longyuan Power Group Corporation has the largest installed wind capacity in China.  Its Vice General Manager, Huang Qun, says that “We decided to work with Vestas once again on this project, based on our previous experience with their turbines’ reliability on our many diverse wind sites – and we are of course expecting this project to be another successful cooperation”.

      The order includes a three-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. Delivery and commissioning of the turbines are expected in the last quarter of 2016.

      “As we celebrate Vestas’ 30th anniversary in China this month, we are pleased to build on our long-term partnership with Longyuan, and we believe that this new order once again emphasises that Vestas is a valued partner for our Chinese customers”,  says Chris Beaufait, President of Vestas Asia Pacific and China.

      In 2015, China accounted for about half of the world’s wind power installation. Since the erection of three Vestas turbines in 1986, which made up China’s first ever wind farm, Vestas has been deeply involved in the country’s wind power industry development. The three Vestas turbines ran well for 29 years until being retired in 2015.

      For more information, please contact:
      Hua Zhang
      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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) here 

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      12:21 - 13 Jun 2016

      Celebrating 30 years in China, Vestas introduces its largest onshore wind turbine to the Chinese market

      Marking its 30-year anniversary in the country, Vestas will manufacture and sell its V136-3.45 MW turbine and introduce an unprecedented level of service flexibility to the Chinese market.

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      Marking its 30-year anniversary in the country, Vestas will manufacture and sell its V136-3.45 MW turbine and introduce an unprecedented level of service flexibility to the Chinese market.

      Responding to global demand and Chinese customer interest, Vestas will introduce its largest onshore turbines to China.  “We are continuously bringing our latest technologies, products, and service solutions to China, and we are determined to grow together with our partners in the country while simultaneously leveraging on the continuous supply chain localisation in China for global supply of the 3 MW platform. Our V136-3.45 MW turbine, which we will manufacture and intend to sell in China, is designed for exceptional energy capture, and it is ideal for the Chinese market”, says Chris Beaufait, President of Vestas Asia Pacific. 

      The V136-3.45 MW turbine combines Vestas’ largest onshore rotor diameter, the Vestas-patented Large Diameter Steel Tower technology, and Vestas’ most advanced blade design to-date. The turbine is the newest variant of the proven 3 MW platform, which is continuously optimised to strengthen Vestas’ product offerings, enabling Vestas to increase annual energy production (AEP), while at the same time decreasing sound emission levels.

      We are also introducing our most flexible service offerings to China. Our customers can choose any combination of items to tailor the service package to their specific needs.  In other words, whatever operation and maintenance strategies our customers are pursuing in China, we will be able to support them”, affirms Christian Venderby, Group Senior Vice President, Vestas Global Service.

      Today, Vestas operates and maintains around 60 GW of wind turbines globally, making Vestas the world’s largest wind turbine maintenance company.

      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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and close to 75 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 the press release (PDF) here

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      09:54 - 02 Jun 2016

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

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      Today, there is additional information in the market regarding an offshore project in Denmark (ref. company announcement No. 36/2015 of 29 June 2015).

      Vestas can confirm that Vattenfall and MHI Vestas Offshore Wind have entered into a conditional agreement regarding 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, Group Treasury & 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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      01:46 - 01 Jun 2016

      Vestas receives 224 MW order in Québec

      The order features the V117-3.45 MW turbine and introduces the 3 MW platform to Canada

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      The order features the V117-3.45 MW turbine and introduces the 3 MW platform to Canada

      With reference to Vestas Wind Systems A/S’ company announcement No. 20/2016 of 31 May 2016, Parc éolien Nicolas-Riou S.E.C., a limited partnership owner at 50% by EDF EN Canada Inc, a subsidiary of EDF Energies Nouvelles, and at 50% by the community partners Énergie Éolienne Bas-Saint-Laurent (ÉÉBSL) and the Régie intermunicipale de l’énergie Gaspésie-Îles-de-la-Madeleine (RIEGÎM), has placed a firm and unconditional order for 65 V117-3.45 MW turbines, to be deployed at the Nicolas Riou wind project in Québec, Canada. When complete, this order will take the installed capacity of V117-3.3/3.45 MW turbines globally across the 800 MW mark.

      The order comprises supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement, which is a full-scope service package to maximize uptime, performance and energy production.

      Turbine delivery is expected to begin in Q2 2017 with final commissioning scheduled for Q4 2017.
      “We are pleased to build on our long-standing global relationship and to add to our over 2 GW of Vestas turbine orders throughout North America,”,” said Tristan Grimbert, President & CEO, EDF EN North America.  “Our first implementation in the country with Vestas, the 2014 Blackspring Ridge project in Alberta, was marked by an exemplary team applying stringent safety standards as well as flexibility to meet the project’s construction demands.  We look forward to another successful experience bringing Nicolas-Riou to completion.”
      Vestas has deployed nearly 2,800 MW of turbines across all 10 Canadian provinces.
      “We are very proud to build on our footprint in Canada and introduce our 3 MW platform to the Canadian market,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This project will be the first V117-3.45 MW turbines in Canada, where the combination of a robust design and a large rotor make this turbine an outstanding choice to minimize the cost of energy throughout the life of the project.  We’re happy to add this latest agreement to our strong strategic relationship with EDF EN Canada.”
      Vestas most recently partnered with EDF EN Canada on the 300 MW Blackspring Ridge Wind Project in Alberta, comprising 166 V100-1.8 MW turbines.  
      The Nicolas-Riou wind farm project is the largest 50/50 community project in Canada.

      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:

      Chante Condit-Pottol, Communications Specialist, Media & External Relations
      Tel:  +1 (503) 708-6668
      Mail:  CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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 news release (pdf)

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      01:00 - 01 Jun 2016

      Vestas receives 224 MW order in Canada

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      Vestas has received a firm and unconditional order in Canada consisting of 65 V117-3.45 MW turbines with a total capacity of 224 MW, ref. company announcement no. 8/2015 of 18 February 2015.

      Additional information about the project:

      Customer: Parc éolien Nicolas-Riou S.E.C., a limited partnership owner at 50% by EDF EN Canada Inc, a subsidiary of EDF Energies Nouvelles, and at 50% by the community partners Énergie Éolienne Bas-Saint-Laurent (ÉÉBSL) and the Régie intermunicipale de l’énergie Gaspésie-Îles-de-la-Madeleine (RIEGÎM).
      Project name: Nicolas-Riou
      Location/Country: Quebec, Canada
      Number of MW: 224 MW
      Number of turbines/turbine type 65 x V117-3.45 MW turbines
      Contract type: Supply-only
      Contract scope: Supply-only The contract covers supply 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 second quarter of 2017, with commissioning planned for fourth quarter 2017.

      Total year-to-date announced order intake in MW: 3,053 MW (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and 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 press release from Vestas-American Technology regarding the above-mentioned order will also be published on vestas.com under “Company News”.

      Download company announcement (pdf)

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      11:33 - 20 May 2016

      UpWind Solutions signs service contract for 1.75 GW of GE 1.5 MW turbines


      UpWind Solutions, a fully-owned subsidiary of Vestas, expands multi-brand footprint with addition of 15 MidAmerican Energy and PacifiCorp sites throughout Iowa, Wyoming and Oregon.

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      UpWind Solutions, a fully-owned subsidiary of Vestas, expands multi-brand footprint with addition of 15 MidAmerican Energy and PacifiCorp sites throughout Iowa, Wyoming and Oregon.

      UpWind Solutions is pleased to announce it has signed a multi-site service contract with Berkshire Hathaway Energy and its subsidiaries MidAmerican Energy Co. and PacifiCorp, to provide maintenance services for 1.75 GW of GE 1.5 S & SLE turbines across 15 sites located in Iowa, Wyoming, and Oregon.

      “MidAmerican Energy continues to expand our wind generation in Iowa, and we look forward to working with UpWind Solutions as a valued partner in optimizing our fleet’s performance,” said Mike Gehringer, Vice President, Renewable Energy, MidAmerican Energy.

       “As a leading utility owner of wind generation in the West, we are pleased to engage UpWind Solutions as our service provider and will count on their breadth of experience to realize the full value of our wind turbine fleet,” said Tom Woodworth, Vice President, Renewable Resources, PacifiCorp.

      UpWind Solutions was acquired by Vestas in December 2015, in recognition that customers are increasingly demanding a life-time fleetwide service provider that can maximize performance across a variety of turbine models. 

       “The wind turbine service industry is transforming, and we are proud to lead from the front of that transformation as we set a new standard for service excellence, not limited by the traditional definitions of OEM vs. ISP, focusing on ‘what’ and ‘how’ we deliver exceptional results, rather than ‘who.’ We believe the role of a service provider expands beyond simply selling services. This agreement confirms that hypothesis and demonstrates the value we can deliver to our customers. We are proud to partner with MidAmerican Energy and PacifiCorp to extract the full lifetime value of their turbines,” says Peter Wells, President, UpWind Solutions.

      “This is a great achievement and validates the market strength we see in UpWind Solutions. This partnership confirms they are the trusted fleetwide enabler of production for multi-brand customers,” said Chris Brown, President of Vestas’ North American sales and service organization.

      For more information, please contact:
      Chante Condit-Pottol, Communications Specialist, Media & External Relations
      Tel:  +1 (503) 708-6668
      E-mail:  CHCPO@vestas.com

      About UpWind Solutions
      UpWind Solutions is the wind industry’s most comprehensive independent service provider of maintenance, performance engineering, upgrades & repairs, parts, and technical support services. They operate and maintain over 3 GW of all major OEM technologies in North America. For additional information visit: www.upwindsolutions.com.

      Download the news release (PDF) here.

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      15:27 - 18 May 2016

      Vestas extends maturity on revolving credit Facility

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      Vestas has a EUR 1,050m revolving credit and bonding facility (the “Facility”) from a group of seven banks (ref. Company announcement No. 29/2015). The facility documentation includes an option for Vestas to request the lenders to accept extension of the final maturity at the first and second anniversary of the Facility.
      As per today, Vestas has exercised the first option and obtained consent from all lenders to extend the final maturity of the Facility to 3 June 2021.

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

      Download company announcement (pdf)

       

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      13:32 - 04 May 2016

      Vestas receives 178 MW order in Kansas

      First Vestas V117-3.3 MW turbines in Kansas, underlining the 3 MW-platform’s versatility.

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      First Vestas V117-3.3 MW turbines in Kansas, underlining the 3 MW-platform’s versatility.

      Capital Power Corporation (TSX: CPX) has placed a firm and unconditional order for 54 V117-3.3 MW turbines, to be deployed at the 178 MW Bloom Wind Project in Kansas.

      The order includes a five-year Active Output Management (AOM) 5000 service agreement, which is a full-scope service package to maximize uptime, performance and energy production.

      Manufacturing and shipment is mainly expected to occur in 2016, whereas commissioning is scheduled for the first and second quarter of 2017.

      “We are pleased to build on our long-standing relationship with Vestas and to expand our growing wind portfolio into Kansas,” said Brian Vaasjo, President and CEO of Capital Power.  “The Vestas turbines we have at other projects in North America have performed well in a variety of wind resource areas, and we expect this project to enjoy similar success.”

      Since its launch in 2010, Vestas has sold over 14 GW of the 3.0 MW turbine platform globally, proving the platform’s versatility and ability to provide an optimal turbine configuration across each unique wind site. 

      “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 mid-western wind belt,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “This project will be the first V117-3.3 MW turbines Kansas, where the combination of a robust design, outstanding grid support, and a large rotor make this turbine an outstanding 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 Capital Power Corporation.”

      The Bloom wind project will generate enough electricity to power approximately 67,000 Kansas households with clean energy annually.

      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:
      Chante Condit-Pottol
      Communications Specialist, Media & External Relations
      Tel: (503) 708-6668
      Mail: CHCPO@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 57,300 wind turbines currently reduces carbon emissions by over 82 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 21,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 50 percent more megawatts installed than anyone else in the industry and over 75 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 Capital Power Corporation
      Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,200 megawatts of power generation capacity at 18 facilities across North America.

      Download the press release (PDF) here  

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      15:00 - 29 Apr 2016

      Disclosure requirement regarding share capital and number of votes as per 29 April 2016

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      As per announcement of 28 April 2016, Vestas Wind Systems A/S has completed a capital reduction of nominal value DKK 2,529,786 representing 2,529,786 shares of DKK 1 nominal value each in connection with cancellation of treasury shares, ref. company announcement No. 15/2016.

      Pursuant to section 10 of Executive Order No. 1258 of 9 November 2015 on Issuers’ Disclosure Obligations, we are pleased to confirm that as per 29 April 2016, Vestas Wind Systems A/S has a share capital of nominal value DKK 221,544,727. The share capital consists of one share class, and each share of DKK 1 carries one vote corresponding to a total number of voting rights of 221,544,727.


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

      Download company announcement (PDF)

       

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      09:15 - 29 Apr 2016

      Share-based incentive programme 2016

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      The Board of Directors of Vestas Wind Systems A/S has decided to continue the share-based incentive programme for all participants, including the Executive Management, and make a new launch for 2016 based on the terms and conditions governing the restricted performance share programme for the year 2015, cf. Vestas’ remuneration policy and general guidelines for incentive pay.

      The share-based incentive programme follows the structures of the previous programme and will still be based on restricted performance shares. The programme has a performance period of three years 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 2016 includes 187 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 280,000 shares will be granted from the programme with a total present value calculated based on the current share price amounting to EUR 17m (value at close of Nasdaq Copenhagen on 28 April, 2016). For 2016, the target number of shares for the Executive Management will be 86,000 shares in total.

      The actual number of restricted performance shares available for distribution may range between 0 and 150 percent of the target level and is determined by Vestas’ performance in the financial years 2016, 2017 and 2018. The maximum grant of shares under the programme in total is 420,000 shares based on full performance achievement.

      Time of grant The restricted performance shares are to be granted in two equal portions in 2019 and 2021.
      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, Group Treasury and Investor Relations
      Tel: +45 9730 8209

      Download Company announcement (pdf)

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      08:34 - 29 Apr 2016

      Interim financial report, first quarter 2016

      Earnings improved, while revenue and free cash flow decreased compared to the first quarter of 2015. Strong order intake and backlog at highest level recorded. Outlook for 2016 maintained.

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      Earnings improved, while revenue and free cash flow decreased compared to the first quarter of 2015. Strong order intake and backlog at highest level recorded. Outlook for 2016 maintained.

      Summary: In the first quarter of 2016, Vestas generated revenue of EUR 1,464m – a decrease of 4 percent compared to the year-earlier period. EBIT before special items increased by EUR 6m to EUR 85m. The EBIT margin before special items was 5.8 percent compared to 5.2 percent in the first quarter of 2015 and the free cash flow amounted to EUR (296)m compared to EUR 146m in the first quarter of 2015.

      The intake of firm and unconditional wind turbine orders amounted to 2,403 MW in the first quarter of 2016. The value of the wind turbine order backlog amounted to EUR 8.6bn at 31 March 2016. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 9.4bn at the end of March 2016. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 18.0bn – an increase of EUR 3.0bn compared to the year-earlier period.

      Vestas maintains its 2016 guidance on revenue of minimum EUR 9bn, EBIT margin before special items of minimum 11 percent, total investments of approx EUR 500m (incl. the acquisition of Availon Holding GmbH), and free cash flow of minimum EUR 600m (incl. the acquisition of Availon Holding GmbH). 

      Group President & CEO Anders Runevad said: “Vestas delivered record-high first quarter order intake as well as our largest ever combined wind turbine and service order backlog. EBIT margin also improved, while free cash flow, although at negative levels, was in line with expectations as we build up inventory preparing for a busy remainder of 2016. Full-year guidance remains unchanged”.



      Key highlights

      Record-high Q1 order intake
      Order intake in the quarter reached 2,403 MW.

      Highest combined order backlog ever
      Wind turbine and service order backlog of EUR 18bn.

      Improved earnings
      EBIT margin before special items at 5.8 percent – an improvement of 0.6 percentage points.

      Negative cash flow
      Cash flow impacted by net working capital and service acquisition.

      Information meeting (audiocast)
      Today, Friday 29 April 2016 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: +44 203 008 9814
      USA: +1 646 502 5118
      Denmark: +45 3544 5576

      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,
      Group Treasury and 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 2016

      Close article
      12:10 - 28 Apr 2016

      Reduction of share capital in Vestas Wind Systems A/S by cancellation of treasury shares

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      On 30 March 2016, the Annual General Meeting of Vestas Wind Systems A/S adopted the proposal to reduce the Vestas' share capital by DKK 2,529,786 nominally by cancelling 2,529,786 shares from Vestas’ holding of treasury shares. The reduction of the share capital has been completed and registered today.

      After the reduction, Vestas Wind Systems A/S' share capital amounts to DKK 221,544,727 nominally, corresponding to 221,544,727 shares of DKK 1 each.

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

      Download company announcement (PDF)

      Close article
      10:42 - 28 Apr 2016

      Vestas strengthens competitive position in Sweden with 76 MW order

      Confirming the competitiveness of Vestas’ upgraded 3 MW platform in Sweden, Fortum Generation AB has placed a firm and unconditional order for 22 Vestas V126-3.45 MW turbines.

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      Confirming the competitiveness of Vestas’ upgraded 3 MW platform in Sweden, Fortum Generation AB has placed a firm and unconditional order for 22 Vestas V126-3.45 MW turbines.

      The order is for the Solberg wind power plant in Västernorrland, northern Sweden, and includes Vestas’ De-icing System, supply, installation, and commissioning of the turbines as well as a five-year Active Output Management service agreement (AOM5000). The Finland-based Fortum Generation plans to enter into the project with Swedish power company, Skellefteå Kraft AB.
        
      “This will be our second wind power plant in Sweden, and we are looking forward to good cooperation with Vestas in this important and exciting project. The Solberg project done in collaboration with leading partners in the sector supports our ambition of growing within wind and solar, through development of new projects and selective acquisitions”, says Kari Kautinen, Senior Vice President, M&A and Solar & Wind Development at Fortum.

      Klaus Steen Mortensen, President at Vestas Northern Europe adds that: “We are happy to announce our first project with Fortum, which we will work to ensure is only the beginning of a great collaboration with both Fortum and Skellefteå Kraft in the years to come. With more than 1 GW of orders for our 3 MW platform in Sweden, this project once again proves the platform’s competitiveness and versatility in markets with both low power and green certificate prices”. 

      Turbine delivery is expected to begin in the third quarter of 2017, with commissioning expected to start in the fourth quarter of 2017.

      For more information, please contact:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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
      08:30 - 28 Apr 2016

      Mitsubishi Heavy Industries Ltd. will not exercise the option to change the ownership ratio of MHI Vestas Offshore Wind A/S

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      Vestas has been notified that Mitsubishi Heavy Industries Ltd. (MHI) will not exercise the option to change the ownership ratio of MHI Vestas Offshore Wind A/S ref. company announcement No. 41/2013 of 27 September 2013. Equity ownership ratios in MHI Vestas Offshore Wind A/S will consequently remain at 50 percent for each of MHI and Vestas.

      “We believe that unchanged ownership shares is the best way to support the further development of the joint venture while showing the strong partnership and equal contribution from the two parent companies to the market”, says Michisuke Nayama, President and CEO, Energy & Environment, Mitsubishi Heavy Industries Ltd.

      Vestas President and CEO Anders Runevad says, “There is an excellent collaboration between MHI and Vestas in the joint venture, whose business is developing according to plan. We have said from the beginning that the exact ownership structure has no real impact on the day-to-day running of the business, and that remains the case with MHI’s decision. We look forward to building on the productive working relations with MHI and to MHI Vestas Offshore Wind’s continued success.”



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

      Download company announcement (pdf)

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      10:00 - 20 Apr 2016

      Vestas challenges scaling rules with multi-rotor concept demonstration turbine

      Vestas challenges scaling rules with multi-rotor concept demonstration turbine

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      In cooperation with the Technical University of Denmark, Vestas is installing a concept demonstrator to test the technical feasibility to operate and control a multi-rotor turbine.

      Continuing to reduce the levelised cost of energy (LCOE) over the long-term will require new solutions and a new way of thinking. With this concept demonstrator, Vestas challenges the core scaling rules that turbines have to grow in size to increase their energy output as well as transport and installation challenges in some markets.  Many new load and control features will need to be developed, tested, and proven to assess the technical and eventually the commercial feasibility of the concept, and first after successful demonstration will Vestas know more about the possible use of the technologies.

      “Installing a concept turbine shows that innovation sometimes entails entirely new thinking and new approaches. This process of continuous innovation and exploration is extremely important. It provides us with essential knowledge that can help us bring down our products’ cost of energy and integrate key technologies to solve our customers’ challenges. Ultimately, the goal is to assess if we can build an even more cost-efficient turbine by challenging the scaling rules”, says Jorge Magalhaes, Senior Vice President, Vestas Innovation & Concepts.

      Anders Vedel, Executive Vice President, Vestas Technology & Service Solutions adds that: “As a global company, it is essential that Vestas’ product portfolio remains versatile enough to deliver high performance in a wide array of different market conditions – and also innovative enough to succeed in markets with different energy systems and requirements.  And we see a great opportunity – and need – to continuously explore alternative concepts to cover the world’s rapidly growing energy demand in a sustainable way, while simultaneously continue lowering the cost of energy our products deliver”.

      With the Technical University of Denmark as a research partner, the multi-rotor concept demonstrator is being erected at the Risø test site near Roskilde, Denmark, where it will be studied closely in the coming years in order to test specific functionalities. 

      For photos and additional information about the project, please visit: www.vestas.com/multirotor.  An illustration is provided below.

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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 the press release here.


      Illustration of the multi-rotor concept demonstration turbine

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      06:55 - 13 Apr 2016

      Information in the market regarding project in the USA

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      Today there is information in the market regarding Vestas and a 600 MW project in the USA.

      Vestas can confirm that Vestas has entered into a conditional agreement to supply wind turbines for a 600 MW project in the USA.

      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, Group Treasury and Investor Relations
      Tel: +45 9730 8209

       

      Download Company annoncement (pdf)

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      15:21 - 04 Apr 2016

      Vestas receives 172 MW of orders in Brazil

      The orders are the first Vestas has announced in Brazil in 2016 and consist of six wind farms

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      The orders are the first Vestas has announced in Brazil in 2016 and consist of six wind farms

      Vestas will supply 86 units of V110-2.0 MW turbines for projects totalling 172 MW located in the state of Bahía in northeastern Brazil. The contracts comprise supply and installation of the wind turbines in compliance with the local content requirements set by the BNDES. Turbine delivery is planned for the second quarter of 2017, whilst commissioning is expected in the fourth quarter of 2017.

      Marco Graziano, President of Vestas Mediterranean says that “Today’s orders cover six different sites across Bahía and is a great example of how well-suited the V110-2.0 MW is for Brazil, its wind conditions and geographical span. Brazil was Vestas’ fifth largest market for order intake in 2015, and we have a strategic ambition to grow further there. With our increased presence, order intake and BNDES-accreditation, we are on the right track”.

      Vestas has been present in Brazil since 2000 and announced 376 MW in firm orders in 2015. In addition to the sales office in Sao Paulo, Vestas has recently inaugurated a hub and nacelle production facility in Aquiraz (Ceará) as well established a successful partnership for producing blades and generators locally.

      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 56,800 wind turbines currently reduces carbon emissions by over 75 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 nearly 74 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 the press release (PDF) here.

      Close article
      23:45 - 31 Mar 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 to begin in fourth quarter of 2016, with commissioning expected in first quarter of 2017.     

      Total year-to-date announced order intake in MW: 1,806 MW, (see vestas.com/investor).

      Contact details

      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and 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
      22:47 - 31 Mar 2016

      Vestas receives 27 MW order in Spain

      Vestas will supply and install 15 V100-1.8 MW wind turbines for the Ausines wind farm. This will be the first larger-scale wind farm to be built in Spain in two years.

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      Vestas will supply and install 15 V100-1.8 MW wind turbines for the Ausines wind farm. This will be the first larger-scale wind farm to be built in Spain in two years.

      Vestas has received a firm and unconditional order for a 27 MW wind energy project to be located in Burgos, northern Spain. The order comprises supply, installation and commissioning of the wind turbines and a five-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 fourth quarter of 2016.

      With a target of generating 20 percent of its electricity needs from wind by 2020, Spain has traditionally been a strong advocate for wind energy, but has seen low activity in recent years. Marco Graziano, President of Vestas Mediterranean, says, "This new project is good news for Spain as it moves towards its 20 percent target and helps electricity prices go further down. It is also good news for the energy sector as it once again proves how competitive wind energy is and that it can provide a strong business case where the wind allows”.

      Vestas has played a key role in developing the wind energy industry in Spain since it installed its first wind turbine in the country in 1990. Vestas has installed 128 wind farms in Spain, corresponding to more than 4 GW of the country’s total wind installed capacity, currently at 23 GW*.

      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 56,800 wind turbines currently reduces carbon emissions by over 75 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 nearly 74 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

      * Figure from the AEE (Spanish Wind Association).

       

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      20:23 - 31 Mar 2016

      Vestas secures 48 MW order in China

      The firm and unconditional order has been placed by long-term customer Datang Renewables for the Gaoqiao wind park in the Huludao city of northeastern China’s Liaoning Province.

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      The firm and unconditional order has been placed by long-term customer Datang Renewables for the Gaoqiao wind park in the Huludao city of northeastern China’s Liaoning Province.

      Comprising 24 units of Vestas’ V110-2.0 MW turbine, the order brings Datang’s fleet of Vestas turbines to more than 900 MW.

      "We decided to work with Vestas again on this project because our existing Vestas fleet has proved its outstanding performance and stability, while simultaneously providing the best possible business case for us at each specific wind site,” says Li Lizhuo, General Manager of Datang Huludao Renewables.

      Chris Beaufait, President of Vestas Asia Pacific and China, adds that “We are very pleased to work with our long-term Chinese customer, Datang Renewables, on this project, and it confirms that our China strategy is indeed on track. The order is a testament to the long-term performance of Vestas’ products as well as our ability to evolve with our customers and continuously offer the best possible solutions while lowering the 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 of the turbines are expected in the second half of 2016.

      China was Vestas’ third-largest market for firm order intake in 2015. 

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

      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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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      09:51 - 31 Mar 2016

      Vestas wins large-scale customised service order in China

      The 600 MW firm and unconditional service contract is a customised and flexible solution covering all Vestas wind turbines installed for long-term customer Hanas Group.

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      The 600 MW firm and unconditional service contract is a customised and flexible solution covering all Vestas wind turbines installed for long-term customer Hanas Group.

      The service order comprises a one-year Active Output Management (AOM) 4000 service agreement  and a four-year Portfolio Support agreement, which is a flexible Vestas service offering tailor-made to meet specific customer needs. The order covers all 12 Hanas Group wind power plants in Yanchi County of northwestern China’s Ningxia Hui Autonomous Region.

      President of Hanas Group Ma Fuqiang notes that “The cooperation and mutual trust between Hanas and Vestas is entering into a new stage with the signing of this customised service contract. It is essential for us to work with companies like Vestas, which is known for its innovative and ground-breaking solutions as well as its proven know-how and solid experience. The service agreement will enable us to improve energy production, enhance service quality, and grow our own service capabilities to a world class quality, hence, reduce the overall cost of energy, extend turbine lifetime and ensure our return of investment”.

      “We look forward to continuing the long-term partnership with Hanas Group and to helping them lower the cost of energy through these tailor-made service solutions. Working with Hanas Group on a customised order of this volume confirms our service strategy in China is well-designed to meet evolving customer needs”, says Chris Beaufait, President of Vestas Asia Pacific and China.

      Since Hanas Group entered the wind power market in 2011, Vestas has been its exclusive turbine supplier. Hanas Group’s fleet of Vestas turbines totals 600 MW of installed capacity, with several hundred additional MW currently under construction. Today, Vestas is the largest service provider in the industry with more than 15 percent of the worldwide wind turbine fleet under service.

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

      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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
      15:20 - 30 Mar 2016

      Vestas Wind Systems A/S’ Annual General Meeting on 30 March 2016

      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 during 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 2015 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 a dividend of DKK 6.82 per share to be paid out for 2015, 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 re-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 2015
      The Board of Directors proposed that the remuneration of the Board of Directors and the members of board committees remain unchanged as pre-approved by the general meeting in 2015. The final remuneration of the Board of Directors and the members of the board committees for 2015 was approved.

      5.2. Approval of the level of remuneration of the Board of Directors for 2016
      The Board of Directors proposed that the level of remuneration for 2016 be based upon a fixed basic remuneration of DKK 400,000 per board member, with two times and three times the basic remuneration for the deputy chairman and chairman, respectively, as well as remuneration of DKK 250,000 per board committee membership, and DKK 450,000 to each board committee chairman. 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. Reduction of the company’s share capital
      The Board of Directors proposed that the company’s share capital be reduced from nominally DKK 224,074,513 to nominally DKK 221,544,727 through cancellation of treasury shares. The proposal was approved.

      7.2. Renewal of the authorisation to acquire treasury shares
      The Board of Directors’ authorisation to acquire treasury shares on an ongoing basis until 31 December 2017 equal to 10 percent of the share capital was approved.

      7.3. Disclosure of company announcements in English
      The Board of Directors proposed that the company’s articles of association be amended so that the company in the future can disclose company announcements in English only. The proposal was approved.

      7.4. Amendment of the company’s remuneration policy for Board of Directors and Executive Management
      The amendment to the remuneration policy to the effect that the additional annual fee to committee chairmen is reduced from 100 percent to 80 percent of the basic fee 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, Group Treasury and Investor Relations
      Tel: +45 9730 8209

      Download Company announcement (pdf)

      Download Articles of association 2016 (pdf)

      Close article
      11:40 - 23 Mar 2016

      Change in communication policy regarding orders

      As per 23 March 2016, Vestas will adjust the threshold for wind turbine and service orders to be disclosed to the market via company announcements to 200 MW and EUR 200m, respectively. Note: to receive news releases on orders below the threshold, subscribing to a new distribution service is necessary. Please see below for details.

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      As per 23 March 2016, Vestas will adjust the threshold for wind turbine and service orders to be disclosed to the market via company announcements to 200 MW and EUR 200m, respectively.

      Note: to receive news releases on orders below the threshold, subscribing to a new distribution service is necessary. Please see below for details.

      As a listed company on Nasdaq Copenhagen, Vestas is obliged to ensure that everyone has equal access to essential information that may significantly affect the price of the Vestas share.

      For wind turbine and service orders, the working definition that Vestas has followed as a general guideline until now has been to disclose firm and unconditional orders with a value in excess of DKK 500m (approx EUR 67m).

      In light of the company’s growth since this threshold was defined and the actual impact observed on the Vestas share price of past announced orders, Vestas deems it appropriate to adjust the announcement policy accordingly.

      Hence, as per 23 March 2016, Vestas will as a general rule disclose company announcements on all wind turbine orders with a total capacity of 200 MW or more.
      For service orders, the corresponding threshold going forward will be EUR 200m.

      It should be noted that this does not rule out that other factors deemed to have a significant impact on the Vestas share price can necessitate company announcements on orders below the mentioned threshold.

      For orders received by the joint venture, MHI Vestas Offshore Wind A/S, for turbine types owned by the joint venture (i.e., on 8 MW platform orders), the new threshold will be 400 MW for wind turbine orders and EUR 400m for service orders, defined as before by the 50/50 percent split ownership.

      News service
      To ensure that Vestas Wind Systems A/S fulfils its stated obligations, Vestas uses Nasdaq Copenhagen's news distribution service (GlobeNewswire) for the distribution of all company announcements.

      Going forward, the same distribution service will be used for Vestas’ news releases, while the previous RSS feed will be terminated. Vestas will continue announcing firm and unconditional orders via news releases per current practice, including for orders below the revised threshold for company announcements.

      Important: If you wish to receive news releases from Vestas going forward (on orders below the new threshold and other news), you will need to subscribe anew (LINK). Previous subscriptions will not be automatically transferred to the new distribution service. If you have any questions to the new distribution service, please write to ir@vestas.com.

      Subscriptions to company announcements will continue as before.


      Contact details
      Vestas Wind Systems A/S, Denmark
      Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
      Tel: +45 9730 8209
      Email:  ir@vestas.com

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

      Download Company announcement (pdf)

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      14:16 - 18 Mar 2016

      Vestas wins 31 MW order in the UK under new Master Supply Agreement with EDF Energies Nouvelles

      EDF Energies Nouvelles (EDF EN) has placed an order for nine V105-3.45 MW turbines, confirming the competitiveness of the 3 MW platform in the UK. The order is part of a new Master Supply Agreement (MSA) signed between EDF EN and Vestas.

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      EDF Energies Nouvelles (EDF EN) has placed an order for nine V105-3.45 MW turbines, confirming the competitiveness of the 3 MW platform in the UK. The order is part of a new Master Supply Agreement (MSA) signed between EDF EN and Vestas.

      Vestas has received a 31 MW order for the Beck Burn wind project in northwest England. Building on the proven design of the 3 MW platform and emphasising the flexibility of Vestas' product portfolio, the V105-3.45 MW turbines are optimised to meet the demanding UK tip-height restrictions.

      The order is part of a new MSA, structured as a share-of-wallet agreement, for EDF EN to purchase from Vestas a minimum of 45 percent of its future onshore wind installations in Europe and a minimum of 30 percent of its future onshore wind installations in the United States for deliveries in 2016 to 2019.

      Antoine Cahuzac, CEO of EDF Energies Nouvelles says that “EDF Energies Nouvelles has plans to significantly grow its wind asset base; this long-term agreement will help us in reaching our goals as it offers the opportunity to secure flexibility and cost-efficiency for a lot of our upcoming wind projects. We do appreciate that Vestas operates in most of EDF Energies Nouvelles’ targeted countries”.

      "We’re very happy to receive this UK order for the V105-3.45 MW turbine. This is the first time we are awarded a V105 project in the UK, and this once again emphasises the competitiveness and flexibility of our 3 MW platform in a market typically dominated by height restrictions and less efficient technologies. Both the 31 MW order and the frame agreement are the result of a close collaboration and a strong track record between EDF EN and Vestas", says President of Vestas Northern Europe, Klaus Steen Mortensen. 

      The 31 MW Beck Burn order includes supply, installation, and commissioning of the wind turbines as well as a Service and Availability Agreement (AOM 4000). Delivery of the wind turbines is expected to begin in the fourth quarter of 2016.

      The MSA includes a VestasOnline® Business SCADA system and the option of establishing several schemes of service and maintenance contracts in different countries in close partnership with EDF EN.

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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
      15:20 - 15 Mar 2016

      Vestas wins 31 MW order and 20-year service contract with German customer

      The order for nine V112-3.45 MW turbines was placed by Windpark Jacobsdorf GmbH & Co. KG for repowering the Odervorland wind power plant in Brandenburg, Germany.

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      The order for nine V112-3.45 MW turbines was placed by Windpark Jacobsdorf GmbH & Co. KG for repowering the Odervorland wind power plant in Brandenburg, Germany.

      The order comprises supply, installation, and commissioning of the turbines, along with a 20-year full-scope service agreement (AOM 4000) and VestasOnline® Business SCADA solution. Wind turbine delivery and commissioning is planned to begin in the fourth quarter of 2016.
       
      This order follows earlier orders that have been placed by MLK-Group, the developer of the wind power plant.

      “Our long-term partnership with Vestas, the performance of the V112-3.45 MW turbine, and the optimal service package are the drivers behind our decision to once again rely on Vestas as turbine supplier and service partner for the entire life span of our wind power plant”, says Heinrich Lohmann, Managing Director of MLK-Group, which holds the majority of shares of the Windpark Jacobsdorf GmbH & Co. KG.
       
      The V112-3.45 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).

      “We are very pleased that our long-time customer, Windpark Jacobsdorf GmbH & Co. KG, decided to use the V112-3.45 MW turbine, one of our top performers for high-wind sites, for this repowering project in Brandenburg. Combining the turbine order with the 20-year service agreement, we look forward to working with Windpark Jacobsdorf GmbH & Co. KG to help them achieve maximum return on their investment over the lifetime of the wind power plant”, says Nils de Baar, President of Vestas Central Europe.

      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 75 countries, providing jobs for around 20,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and close to 74 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 7,100 turbines representing a total capacity of more than 10.8 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 2,000 people in Germany.

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

      Download the press release (PDF) here

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      10:16 - 14 Mar 2016

      Vestas hires Senior Vice President for Corporate Strategy

      As of 1 April 2016, Rasmus Lundsgaard Nielsen will join Vestas as Senior Vice President for Corporate Strategy, M&A and Global Intelligence.

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      As of 1 April 2016, Rasmus Lundsgaard Nielsen will join Vestas as Senior Vice President for Corporate Strategy, M&A and Global Intelligence.

      The function's main responsibilities will be to shape the corporate strategic agenda in close collaboration with Vestas’ executive team, optimize and coordinate Vestas’ annual planning process, and provide the group with a unified market outlook. 

      Rasmus Lundsgaard Nielsen, 39, will be part of the Global Management Team.

      Rasmus holds a Master of Science degree in Economics, Statistics and Strategic Planning from Aarhus School of Business.  Furthermore, Rasmus has professional experience from a start-up within the medico technology sector, from business development, market intelligence and product management within a global consumer goods company, and close to eight years of management consulting experience from the Management Consultancy QVARTZ. 

      As a consultant, Rasmus has worked across several industries, from the Private Equity sector, Automotive, Telecommunications, and Consumer Goods to Renewables.  During the last two years, Rasmus has supported Vestas with the development and refinement of the Corporate Strategy and the Annual Corporate Planning Process.

      For more information, please contact:
      Lina Danstrup, Communications & Press Officer
      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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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      14:37 - 01 Mar 2016

      Vestas receives 52 MW Norwegian order for upgraded 3 MW platform

      Hamnefjell Vindkraft AS, a joint venture by Finnmark Kraft AS and private investment company Ardian, has placed a 52 MW firm and unconditional order for 15 Vestas V112-3.45 MW wind turbines.

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      Hamnefjell Vindkraft AS, a joint venture by Finnmark Kraft AS and private investment company Ardian, has placed a 52 MW firm and unconditional order for 15 Vestas V112-3.45 MW wind turbines.

      All turbines will feature the upgraded 3 MW platform, optimising the annual energy production and lowering the levelised cost of energy. The Vestas turbines have been ordered for the Hamnefjell Wind Farm, which will be located in the north eastern part of Norway – a region known for its high-wind conditions.

      The contract comprises supply, installation, and commissioning of the wind turbines as well as a 15-year Active Output Management (AOM) 5000 service agreement, ensuring maximum efficiency.

      Lise Mette Heggheim, CEO from Hamnefjell Vindkraft, says that “Together with our partners and Vestas, we will build what will be one of the northernmost wind projects in Europe on a location offering outstanding wind resources. This project will strengthen our ambition to be in the forefront of renewable energy development in our region, and will simultaneously increase the local security of energy supply”.

      “We are delighted to be chosen as both the turbine and service provider for the Hamnefjell Wind Farm, and to work together with Finnmark Kraft and Ardian. This project is significant as it showcases Norway’s wind energy potential as well as the 3 MW platform’s fit for the Norwegian market.  And the 15-year service agreement echoes the momentum we are experiencing within our service business”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      Delivery of the wind turbines is expected to begin in the second quarter of 2017.

      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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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      07:02 - 01 Mar 2016

      Vestas completes acquisition of Availon Holding GmbH

      Final closing of the acquisition of Availon Holding GmbH has now taken place.

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      Final closing of the acquisition of Availon Holding GmbH has now taken place.

      Following the approval from all relevant authorities, Vestas has today, as expected, completed the acquisition of Availon Holding GmbH, a leading European independent service provider, ref. company announcement No. 2/2016 of 20 January 2016.

      Availon will from today be included in Vestas’ financials. The outlook for 2016 is maintained as the acquisition was incorporated in previously announced expectations.

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


      Download selskabsmeddelelse (pdf)
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      15:51 - 29 Feb 2016

      Vestas receives 53 MW order in Uruguay

      Vestas will supply 16 units of the V126-3.3 MW turbine for the Vientos de Pastorale wind farm in Uruguay. This will be Cobra’s second project with Vestas in the country.

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      Vestas will supply 16 units of the V126-3.3 MW turbine for the Vientos de Pastorale wind farm in Uruguay. This will be Cobra’s second project with Vestas in the country.

      Vestas has received a firm and unconditional order for a 53 MW wind power project to be located in Villa Pastora, in the southwestern province of Flores, Uruguay. The order for 16 V126-3.3 MW wind turbines was placed by TaxWay S.A., the Uruguayan subsidiary of the Spain-based Cobra group, a leading company specialising in developing industrial infrastructure worldwide.

      The order comprises supply, installation and commissioning of the wind turbines as well as a 10-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 Vientos de Pastorale wind power plant will have an estimated annual production of 223 GWh, enough to cover the electricity consumption of approximately 50,000 Uruguayan households with clean energy annually. The V126-3.3 MW wind turbine allows for higher energy capture in areas with low-to-medium wind, producing more energy at a reduced cost.

      “With 344 MW already installed and around 170 MW under construction, Vestas leads Uruguay’s wind energy industry with approximately 35 percent market share.  Vientos de Pastorale will be the second project that Vestas signs with Cobra and we look forward to putting our expertise and cutting-edge technologies at the disposal of such a valued partner”, says Marco Graziano, President of Vestas Mediterranean.

      In 2015, Vestas announced 120 MW of new orders in Uruguay. With the 53 MW project announced today, Vestas takes a step further in consolidating its market leading position in the country, which aims to produce 38 percent of its electricity needs from wind power by 2017.

      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 56,800 wind turbines currently reduces carbon emissions by over 75 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 nearly 74 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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      12:55 - 29 Feb 2016

      Vestas wins 45 MW order in Denmark

      Vestas further strengthens its leading position in Denmark with a 45 MW order placed by Hogager Vindpark K/S in Western Jutland, Denmark.

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      Vestas further strengthens its leading position in Denmark with a 45 MW order placed by Hogager Vindpark K/S in Western Jutland, Denmark.

      The firm and unconditional order comprises 21 V100-2.0 MW wind turbines, 17 of which will be delivered in power optimised mode to 2.2 MW. The wind park will be placed near Hogager in the municipality of Hol-stebro in Denmark.

      The order for the wind power plant includes supply, installation and commissioning of turbines, along with a 10-year Active Output Management (AOM) 4000 service agreement.

      The order comes at a time with low energy prices and uncertainty around the long-term regulatory framework for onshore wind in Denmark. Being firmly rooted in local community ownership, the order also highlights the continued interest for onshore wind despite challenging market conditions.

      “Denmark continues to be an important market for Vestas and we are proud to be delivering Denmark’s soon-to-be third largest onshore wind park”, says Klaus Steen Mortensen, President of Vestas Northern Europe, and continues: “The order is evidence of a home market with a strong local interest for onshore wind projects that we hope will be reflected in a long-term supportive framework”.

      Delivery of the turbines is expected in the third quarter of 2016 with commissioning in the fourth quarter.

      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:
      Kresten Ø. Christensen
      Director, Marketing & Communications
      Vestas Northern Europe
      Tel: M +46(0)725125894
      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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and inde-pendence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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

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      10:16 - 26 Feb 2016

      Vestas wins 268 MW service contract

      Vestas extends a long-term service contract with a Spanish wind developer to maintain six wind parks, totalling 268 MW, for the remainder of their expected lifetime.

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      Vestas extends a long-term service contract with a Spanish wind developer to maintain six wind parks, totalling 268 MW, for the remainder of their expected lifetime.

      A Spanish wind project developer has extended a full-scope Active Output Management (AOM) 4000 service contract with Vestas to operate and maintain six wind parks in Spain. The AOM 4000 solution provides superior support in key areas, tailor-made to strengthen the customer’s business case.    

      President of Vestas Mediterranean, Marco Graziano, says that “We’re extremely pleased that this valued customer has decided to renew their service agreement for the six wind parks. This is a very significant agreement echoing the momentum that Vestas’ service business is experiencing through creating tailor-made service solutions to meet our customers’ specific needs of optimising energy output, minimising downtime, and extending turbine lifetime”. 

      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 56,800 wind turbines currently reduces carbon emissions by over 75 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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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      07:00 - 26 Feb 2016

      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 Wednesday, 30 March 2016 at 1:00 p.m. (CET) at the Concert Hall Aarhus (Musikhuset Aarhus), Thomas Jensens Allé, 8000 Aarhus C, Denmark.

       

      Download pdf

      More information

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      14:37 - 25 Feb 2016

      Settlement of legal proceedings in Denmark and India concerning former Chief Financial Officer Henrik Nørremark, RRB Energy Limited, and Eco RRB Infra Private Limited

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      In announcements nos. 36/2012 of 2 October 2012, 22/2013 of 24 May 2013 and 33/2015 of 24 June 2015, Vestas provided information on the disputes concerning Vestas' former CFO, Henrik Nørremark, RRB Energy Limited, and Eco RRB Infra Private Limited as regards financial transactions and project developments.
       
      After successful negotiations among the parties, a confidential settlement has been concluded, which is conclusive and resolves all issues in dispute in multiple jurisdictions.
       
      Consequently, the trial in Denmark and the pending cases in India, including the arbitration proceedings, have been and will be withdrawn.
       
      The Chairman of Vestas' Board of Directors, Mr Bert Nordberg states: “A settlement has now been reached between the parties regarding the mentioned disputes which is agreeable to all parties.”

      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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      13:15 - 23 Feb 2016

      Vestas awarded 1 GW order in Norway

      Fosen Vind DA, a joint venture company owned by Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA consisting of Credit Suisse Energy Infrastructure Partners and Swiss utility BKW, has awarded Vestas its largest order ever.

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      Fosen Vind DA, a joint venture company owned by Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA consisting of Credit Suisse Energy Infrastructure Partners and Swiss utility BKW, has awarded Vestas its largest order ever.

      With reference to Vestas Wind Systems A/S’ company announcement No. 7/2016 of 23 February 2016, Vestas has received a firm and unconditional order for 278 wind turbines totaling 1001 MW, from Fosen Vind DA in Norway.  The 1 GW order comprises turbines for six different wind parks in Norway, which combined will be Europe’s largest onshore wind project to date.

      Emphasising the flexibility of Vestas’ product portfolio, the record order includes 248 units of Vestas’ V117-3.45 MW and 30 units V112-3.45 MW turbines, all with power optimised mode to 3.6 MW. Building on proven performance, these upgraded 3 MW platform turbines will further increase energy production and lower the cost of energy.

      “We are extremely proud to work with Statkraft and the partner organisations on this 1 GW project, which is Vestas’ largest order to date. The order affirms the competitiveness of Vestas’ wind power solutions and that wind power provides an attractive long-term energy investment that goes well beyond its climate and sustainability benefits.  Investing in wind power simply makes economic sense”, says Klaus Steen Mortensen, President, Vestas Northern Europe.

      The contract includes supply, installation and commissioning of the wind turbines as well as a two-year customised, full-scope service agreement, followed by a 20-year service and support agreement. Delivery of the first turbines is planned to take place in second quarter of 2018, with commissioning of the last wind power plant expected in fourth quarter of 2020.

      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:
      Kresten Ø. Christensen, Director, Marketing & Communications, Vestas Northern Europe
      Mob: +46 725 125 894
      Email:  kroch@vestas.com

      Michael Zarin, Head of External Communications, Vestas Wind Systems A/S
      Mob: +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 56,800 wind turbines currently reduces carbon emissions by over 78 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 75 countries, providing jobs for around 20,500 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 close to 74 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 press release (pdf)
       

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      13:05 - 23 Feb 2016

      Vestas receives 1 GW order in Norway

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      Vestas has received a firm and unconditional order for 30 V112-3.45 MW and 248 V117-3.45 MW turbines with power optimised mode to 3.6 MW, to be used for six wind power plants in Norway, with a total capacity of 1001 MW (ref. Company announcement No. 6/2016 disclosed earlier today).

      Additional information about the project:

      Customer: Fosen Vind DA (a joint venture company owned by Statkraft, TrønderEnergi, and the investor consortium Nordic Wind Power DA).
      Project name: The Fosen Vind project portfolio includes the Harbaksfjellet, Roan, Storheia, Kvenndalsfjellet, Geitfjellet, and Hitra 2 wind power plants.
      Location/Country: Trondheim, Norway
      Number of MW: 1001 MW
      Number of turbines/turbine type 30 x V112-3.45 MW turbines and 248 x V117-3.45 MW turbines, all with power optimised mode to 3.6 MW.
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a two-year customised, full-scope service agreement, followed by a 20-year service & support agreement.
      Time of delivery Delivery of the first turbines is planned to take place in second quarter of 2018, with commissioning of the last wind power plant expected in fourth quarter of 2020.

      Total year-to-date announced order intake in MW: 1,319 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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      07:04 - 23 Feb 2016

      Information in the market regarding projects in Norway

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      Today, there is information in the market regarding Vestas and projects in Norway.

      Vestas can confirm, that Fosen Vind DA, a joint venture company owned by Statkraft, TrønderEnergi, and the investor consortium Nordic Wind Power DA, has selected Vestas for the delivery of wind turbines for six wind power plants totalling 1 GW in Norway.

      The projects replace the Fosen-Snillfjord projects, which were terminated last year in June (ref. Vestas Company announcement No. 30/2015 of 4 June 2015).

      Signing of the contract has taken place, and the resulting firm and unconditional order is expected to be forthcoming relatively soon. Following standard practice, however, Vestas will only disclose a company announcement at the moment when there is a firm and unconditional order in accordance with Vestas’ definition.

      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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      10:15 - 18 Feb 2016

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

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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 Belgium.

      Vestas can confirm that Norther NV (a joint venture between Eneco (50 percent) and Elicio NV (50 percent)) has appointed MHI Vestas Offshore Wind preferred supplier for delivery of the V164-8.0 MW turbine for the 370 MW Norther project in Belgium.

      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/.

       

      Download pdf

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      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)

       

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      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)

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      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

       

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      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 

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      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)

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      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)

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      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)

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      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

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      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)

       

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      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

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      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

       

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      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

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      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)

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      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

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      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

       

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      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

       

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      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

       

       

       

      Close article
      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

       

      Close article
      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

      Close article
      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.

       

      Close article
      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)

      Close article
      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)

      Close article
      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

      Close article
      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)

      Close article
      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.

      Close article
      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

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      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

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      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

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      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)

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      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

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      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.

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      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

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      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)

       

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      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)
       

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      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)

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      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.

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      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)

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      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)

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      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)

      Close article
      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)

       

      Close article
      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)

       

       

      Close article
      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)

      Close article
      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)

      Close article
      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)


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      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)

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      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

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      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)

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      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)

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      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

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      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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