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Company News

    • 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

       

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      17:30 - 29 Jun 2015

      Vestas wins 39 MW Danish wind turbine project

      Vestas wins 39 MW Danish wind turbine project

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

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

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

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

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

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

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

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.  Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and almost 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Download this press release (PDF) here.

      Close article
      15:31 - 29 Jun 2015

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

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

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

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

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

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

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

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

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


      Download Company announcement
       (pdf)

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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)

      Close article
      10:12 - 26 Jun 2015

      Vestas confirms 66 MW turbine order in Scotland, UK

      Vestas confirms 66 MW turbine order in Scotland, UK

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

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

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

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

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and inde-pendence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative in-stalled capacity worldwide, Vestas is the world leader in wind energy.

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

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

      Download the press release (PDF) here

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      23:34 - 25 Jun 2015

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

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

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

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

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

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

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

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

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

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

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


      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry, and more than 68 GW of cumulative installed capacity worldwide, Vestas is the undisputed global leader in wind energy.

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

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

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

      Download news release (pdf)

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      23:28 - 25 Jun 2015

      Vestas receives 150 MW order in the USA

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

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

      Additional information about the project:

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

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

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

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      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)

       

      Close article
      14:42 - 12 Jun 2015

      Vestas wins Deloitte’s Big Data Award

      Vestas wins Deloitte’s Big Data Award

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      Vestas is honoured for using big data to optimise wind turbine performance.

      By using big data Vestas is able to foresee when turbine components are malfunctioning and need maintenance - before they actually do. This was one of the reasons Vestas won Deloitte’s Big Data Award Thursday night at Deloitte’s Information Management Conference, IM2015, in Copenhagen.

      Vestas uses smart data to optimise maintenance of wind farms all over the world, receiving data from 27,000 wind turbines every 10 minutes.

      ”More than 30 years of experience and data have given us the ability to monitor and forecast turbine outputs, wind speeds and site conditions. As a result, we can help our customers optimise and predict their performance and yield as well as revenue and profitability. Our advanced systems approach integrates all the key inputs and information — smart data, not just big data — and tailors it to meet the needs of each customer,” says Vice President Anders Hvashøj, responsible for Vestas’ Service Product Management.

      Fact-based decisions
      According to Deloitte partner and expert in “data-driven business model” Michal Borges the use of this type of sophisticated data is one of the key competitive parameters in the business world right now.

      ”Big Data is not just a buzz word. It is something that companies are massively investing in right now, and there is no question that this is a pure gold mine for companies seeking to achieve greater efficiency. Leading companies no longer make decisions based on assumptions. They make decisions based on facts,” says Michael Borges.

      Data has become part of the Vestas DNA and data driven business development is an integrated part of the company culture.

      About the award
      The Big Data Award was handed out during the IM2015 conference held in Copenhagen June 11th 2015. It is based on SMS votes from 450+ data experts and a selected jury of Big Data experts.
      The award recognises truly innovative companies that lead the way, embracing opportunities, and revealing the true potential of big data.

      Podcast interview
      Download the podcast on Vestas’ use of data here.

      For more information, please contact:
      Communications & Press Officer Lina Danstrup, Media & External Relations
      Tel: +45 61 26 99 87
      Mail: limat@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Download the press release (PDF) here

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      13:13 - 11 Jun 2015

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

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

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      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

      Today there is additional information in the market regarding an offshore project in the UK (ref. company announcement No. 9/2015 of 18 February 2015).

      Vestas can confirm that DONG Energy and MHI Vestas Offshore Wind have entered into a conditional agreement regarding phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

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

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

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



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

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

      Download Company announcement (pdf)

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      10:22 - 10 Jun 2015

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

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

      Vestas can confirm that DONG Energy A/S has appointed MHI Vestas Offshore Wind preferred supplier for delivery of the V164-8.0 turbine for the 450 MW Borkum Riffgrund II project in Germany.

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

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

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


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

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

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

      Download Company announcement (pdf)

       

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      11:00 - 04 Jun 2015

      Vestas secures 40 MW order in Italy

      Vestas secures 40 MW order in Italy

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      Vestas strengthens its market position in Italy with a 40 MW wind project to be located in the southern region of Basilicata, Italy.

      Vestas has received a firm and unconditional order for 12 units of the V112-3.3 MW wind turbine for the Cancellara wind project in the southern province of Basilicata, Italy. The 40 MW order for has been placed by Eolica Cancellara SRL, a subsidiary of Energreen Holding Italia Spa, which is part of a Luxembourg investment entity operating in the clean energy market.

      The order comprises the supply, electrical works and installation of the wind turbines, including the electrical infrastructure of the wind farm, as well as a 10-year Active Output Management (AOM) 5000 service agreement. Delivery of the wind turbines is scheduled for the fourth quarter of 2015, with commissioning planned for the first quarter of 2016.

      Upon completion, the Cancellara wind power plant is expected to produce about 100,440 MWh annually, which corresponds to the residential electricity consumption of approximately 116,000 people in Italy. The V112-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at improving energy production on high-wind sites.

      “We have been present in Italy since 1991 and have installed almost 3.5 GW of wind power capacity in the country.  We are pleased to partner for the first time with Energreen to take the Italian wind energy sector one step further. We look forward to a close collaboration from the earliest stages of the project through to completion”, says Marco Graziano, President of Vestas Mediterranean.

      For more information, please contact:

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

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

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

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

      Download news release (PDF)

      Close article
      09:56 - 04 Jun 2015

      Additional information in the market regarding projects in Norway

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      Today, there is information in the market regarding six planned wind power plants in Norway, where Vestas was appointed preferred supplier, ref. company announcement No. 3/2015 of 19 January 2015.Vestas can confirm that Statkraft has informed Vestas that Statkraft has decided not to invest in these projects.

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


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

      Download Company announcement (pdf)

       

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      22:19 - 03 Jun 2015

      Vestas Wind Systems A/S extends maturity on revolving credit facility

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      Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m).

      The new facility has a five-year duration with an option (at the lenders’ discretion) to extend the maturity for up to two additional years (5+1+1). The facility refinances the existing EUR 1.000bn revolving credit facility dated 31 March 2014 (ref.Company announcement no. 15/2014) and enables Vestas to extend the company’s debt maturity profile at favourable pricing and terms.

      The facility was arranged by seven banks comprising Nordea, HSBC, SEB, DNB, Unicredit, Société Générale, and Citigroup.

      Contact details
      Vestas Wind Systems A/S, Denmark

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

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

      Download Company announcement (pdf)

       

       

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      23:59 - 28 May 2015

      Vestas receives 99 MW order in Mexico

      Vestas expands its presence in the Mexican market with a 99 MW order for La Mesa and Ciudad Victoria wind power farms to be located in Tamaulipas, Mexico.

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      Vestas expands its presence in the Mexican market with a 99 MW order for La Mesa and Ciudad Victoria wind power farms to be located in Tamaulipas, Mexico.

      With reference to Vestas Wind Systems A/S’ company announcement No. 28/2015 of 28 May 2015, Vestas has received an order from Isolux de Mexico S.A. to supply 30 units of the V112-3.3 MW wind turbine. The 99 MW order consists of two wind power plants – La Mesa (49.5 MW) and Ciudad Victoria (49.5 MW) – that will be located in the northeastern state of Tamaulipas.

      The contract with Isolux de Mexico S.A. comprises supply, installation and commissioning of the wind turbines as well as a 15-year full-scope Vestas Active Output Management (AOM 4000) service agreement. Wind turbine delivery is expected during the fourth quarter of 2015 and commissioning is planned for the third quarter of 2016.

      This is the second order that Vestas signs in Tamaulipas this month, following the Tres Mesas project announcement on May 8 (149 MW), thus adding 248 MW of wind energy to the northeastern state’s electricity grid. Upon completion, La Mesa and Ciudad Victoria are expected to produce about 367,000 MWh annually, which corresponds to the residential electricity consumption of approximately 760,000 people in Mexico. The V112-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at improving energy production on medium wind-sites.

      Only a few weeks ago, we received a 149 MW order for the Tres Mesas wind project, also to be located in Tamaulipas. With this new wind farm, Vestas strengthens its position in the Mexican market and confirms its commitment to developing the wind energy sector in this country”, says Marco Graziano, President of Vestas Mediterranean.

      Vestas installed Tamaulipas’ first wind farm (El Porvenir, 54 MW) in 2013.

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

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

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994. In June 2010, Vestas opened its regional headquarters in Mexico City from which over 70 wind energy professionals support sales, construction and service. Vestas has installed 406 MW in Mexico.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

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

      Download news release (pdf)

      Close article
      23:51 - 28 May 2015

      Vestas receives 99 MW order in Mexico


      Vestas has received a firm and unconditional order in Mexico for 30 V112-3.3 MW turbines, with a total capacity of 99 MW.

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      Vestas has received a firm and unconditional order in Mexico for 30 V112-3.3 MW turbines, with a total capacity of 99 MW.

      Additional information about the project:

      Customer: Isolux de Mexico S.A. de C.V
      Project name: La Mesa & Ciudad Victoria
      Location/Country: Tamaulipas, Mexico
      Number of MW: 99 MW
      Number of turbines/turbine type 30 x V112-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM) 4000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in fourth quarter of 2015, with commissioning expected in third quarter of 2016.

      Total year-to-date announced order intake in MW: 3,167 MW, (see vestas.com/investor).

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

      Vestas Mediterranean
      Marco Graziano, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      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)

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      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)

       

      Close article
      11:30 - 18 May 2015

      Information in the market regarding project in Chile

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      Today there is information in the market regarding a project in Chile comprising 185 MW.

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

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


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

      Download Company announcement (pdf)

       

      Close article
      10:30 - 11 May 2015

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

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

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      Anders Monrad Rendtorff to become Group Senior Vice President for Communications, Brand and Public Affairs, and a member of the Executive Committee at Vestas Wind System A/S.

      Anders Monrad Rendtorff, currently Senior Vice President and Head of Communications and Human Resources at Coloplast, will join Vestas in his new position starting on September 1, 2015.  He succeeds Morten Albæk, who will remain with Vestas until June 30, 2015.

      Vestas CEO Anders Runevad says, “I am delighted that Anders Monrad Rendtorff will join Vestas.  He has the experiences and competences required to support Vestas’ continued positive development, both in Denmark and internationally, and we look forward to welcoming him onboard”.

      Anders Monrad Rendtorff adds, "I am excited to join such a fantastic company in a globally important industry. Vestas has a great brand and reputation, market-leading technology, and world-class leadership. I look forward to contributing to Vestas’ ongoing success”.

      Anders Runevad concludes, “I also want to thank Morten Albæk for his more than six years at Vestas.  I wish him the best of luck in his new endeavours”.

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

      About Anders Monrad Rendtorff
      Anders has been part of Coloplast’s success over the last six years with global responsibility for Corporate Communications, Human Resources, Corporate Social Responsibility, and Public Affairs. Before joining Coloplast, Anders was Vice President of Communications and HR at Telia Denmark.  Anders was also Director of Communications at Copenhagen Business School and Director of Marketing Communications at Ericsson in Stockholm.  He has a Master’s Degree in Public Relations, has studied at INSEAD in France, and holds an Executive MBA from Copenhagen Business School.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Download the press release (PDF) here

       

      Close article
      11:22 - 08 May 2015

      Vestas introduces 3.45 MW power mode for its 3 MW platform

      Vestas introduces 3.45 MW power mode for its 3 MW platform

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      Based on site-specific conditions, the 3.45 MW power mode will increase annual energy production and contribute to lowering the cost of energy.

      The shared nacelle technology and design allows Vestas to offer the 3.45 MW power mode across its entire 3 MW platform.  The power mode will thus be available on the V105-3.3 MW, V112-3.3 MW, V117-3.3 MW, and V126-3.3 MW turbines. 

      “By staying focused on making our wind turbine operations more efficient, we can increase energy output and lower the cost of energy for our customers”, says Vestas’ Chief Technology Officer, Anders Vedel. “Continuous development and innovation of our 2 MW and 3 MW platforms adds flexibility to the product line and strengthens our customers’ business case”, Vedel says.

      Optimizing Vestas technology
      Over six gigawatts, or more than 2,000 turbines of the 3 MW platform have been installed in 24 countries worldwide. Under the right site-specific conditions, the 3.45 MW power mode will increase power output from 3.3 MW to 3.45 MW. 

      Fosen and Snillfjord wind farm application
      In January 2015, Norway’s Statkraft and Vestas signed a letter of intent to supply wind turbines for the Fosen (owned by Fosen Vind AS) and Snillfjord (owned by SAE Vind DA) wind power projects in Norway, which have a potential of up to 1,000 MW.  If the projects should result in firm and unconditional orders, Statkraft as the operator of the projects expects to utilise the 3.45 MW power mode on the V117 turbine.

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

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

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

       

      Download the press release (PDF) here

      Close article
      09:57 - 08 May 2015

      Vestas secures 149 MW order in Mexico

      Vestas has received an order for 45 of its V117-3.3 MW turbine for the Tres Mesas wind energy projects in the northeastern state of Tamaulipas, Mexico.

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      Vestas has received an order for 45 of its V117-3.3 MW turbine for the Tres Mesas wind energy projects in the northeastern state of Tamaulipas, Mexico.

      With reference to Vestas Wind Systems A/S’ company announcement No. 21/2015 of 8 May 2015, Vestas has received a firm and unconditional order in Mexico. The 148.5 MW order has been placed by the Special Purchase Vehicles Eólica Tres Mesas and Eólica Tres Mesas 2. This wind energy project was developed and will be operated by Oak Creek Energy Systems Inc., a U.S.-based pioneering developer of utility scale wind energy projects.

      The contract comprises supply, installation and commissioning of the wind turbines as well as a 10-year full-scope Vestas Active Output Management (AOM 5000) service agreement. Wind turbine delivery is expected during the first quarter of 2016.

      The projects are financed through loan agreements with Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, and North American Development Bank (NADB). Furthermore, two companies – Sigma Alimentos, which is a subsidiary of ALFA, and Walmart de México – have committed to purchase the power generated by the Tres Mesas wind farm.

      Vestas installed the Tamaulipas state’s first wind farm (El Porvenir, 54 MW) in 2013. Tres Mesas will be one of the largest renewable energy projects in the country and the largest wind farm in Tamaulipas. The region offers good wind resources and transmission line availability.

      The V117-3.3 MW wind turbine is a variant of Vestas’ 3 MW platform aimed at significantly improving energy production on medium wind-sites. The Tres Mesas wind power plant has an estimated annual production of 520,000 MWh, corresponding to an annual emission saving of approximately 237,000 tons of CO2 in Mexico.

      The Mexican government has taken a number of initiatives to liberalise the electricity market and aims to generate at least 35 percent of its power consumption from clean technologies by 2024. “With the completion of the Tres Mesas project, Mexico will have taken another step in promoting renewable energy and reducing greenhouse gas emissions in the country”, says Marco Graziano, President of Vestas Mediterranean: “We are pleased to contribute with our wind technologies and expertise to help our partners carry out this ambitious project”.

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

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

      About Vestas Mexico, Caribbean and Central America
      Vestas installed its first wind power plant in Mexico in 1994. In June 2010, Vestas opened its regional headquarters in Mexico City from which over 70 wind energy professionals support sales, construction and service. Vestas has installed 406 MW in Mexico.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and close to 68 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

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

      Download press release (pdf)


      Close article
      09:52 - 08 May 2015

      Vestas receives 149 MW order in Mexico

      Vestas has received a firm and unconditional order in Mexico for 45 V117-3.3 MW turbines, corresponding to 149 MW.

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      Vestas has received a firm and unconditional order in Mexico for 45 V117-3.3 MW turbines, corresponding to 149 MW.

      Additional information about the project

      Customer: Eólica Tres Mesas, S. de R.L. de C.V. and Eólica Tres Me-sas 2, S. de R.L. de C.V.
      Project name(s): Tres Mesas, phase 1 & 2
      Location/Country: Mexico
      Number of MW: 149 MW
      Number of turbines/turbine type 45 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation, and commission-ing of the wind turbines as well as a 10-year full-scope Vestas Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to begin in the first quarter of 2016.

      Total year-to-date announced order intake in MW: 2,502 MW, (see vestas.com/investor).

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

      Vestas Mediterranean
      Marco Graziano, President

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

      Close article
      08:35 - 06 May 2015

      Interim financial report, first quarter 2015

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

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

      Summary: In the first quarter of 2015, Vestas generated revenue of EUR 1,519m – an increase of 18 percent compared to the year-earlier period. EBIT before special items increased by EUR 39m to EUR 79m. The EBIT margin before special items was 5.2 percent and the free cash flow increased by EUR 170m to EUR 146m compared to the first quarter of 2014.

      The intake of firm and unconditional wind turbine orders amounted to 1,750 MW in the first quarter of 2015. The value of the wind turbine backlog amounted to EUR 7.5bn at 31 March 2015. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 7.5bn at the end of March 2015. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 15bn – an increase of EUR 1.2bn compared to the year-earlier period.

      Vestas upgrades the 2015 guidance on revenue from minimum EUR 6.5bn to minimum EUR 7.5bn and EBIT margin guidance before special items is upgraded from minimum 7 percent to minimum 8.5 percent. Total investments are increased from approx EUR 300m to approx EUR 350m and guidance on free cash flow is upgraded from minimum EUR 400m to minimum EUR 600m.

      Group President & CEO Anders Runevad said:  “This has been a historically strong first quarter on revenue, margins, order intake, and return on invested capital. The first quarter results reaffirm that Vestas is making good progress toward achieving its profitable growth objectives and that we are in a very strong position in an otherwise highly competitive industry.”

      Key highlights

      Record-high Q1 order intake

      Order intake in the quarter 1,750 MW.

      Highest combined order backlog ever
      Wind turbine and service order backlog of EUR 15bn.

      Return on invested capital (ROIC) at highest level ever
      ROIC increased to 44 percent (TTM).

      Earnings improved – highest Q1 ever
      EBIT margin before special items at 5.2 percent – up 2.1 percentage points compared to Q1 2014.

      Guidance increased
      Guidance for 2015 has been increased based on higher than expected order intake year to date, greater visibility for the year, and USD exchange rate development.


      Information meeting (audiocast)
      Today, Wednesday 6 May 2015, at 10 a.m. CEST (9 a.m. BST), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor.

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

      The telephone numbers for the conference call are:

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

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

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

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

      Download the interim financial report for Q1 2015

      Close article
      18:25 - 05 May 2015

      Vestas receives 72 MW order in U.S. state of Kansas

      Order is Vestas’ first project with RPM Access

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      Order is Vestas’ first project with RPM Access

      With reference to Vestas Wind Systems A/S’ company announcement No. 19/2015 of 5 May 2015, Vestas has received a firm and unconditional order in the United States for 36 V110-2.0 MW turbines to power the Marshall Wind Farm in Marshall County, Kansas. 

      The order was placed by RPM Access LLC, an independent developer, owner and operator of wind farms in the Midwest.  The project’s scope includes supply and commissioning of the wind turbines as well as a 20-year Active Output Management (AOM 5000) service agreement designed to maximize energy production.

      The announcement marks the first turbine supply contract between Vestas and RPM Access.

      ”RPM Access is very pleased to purchase such high quality turbines that are manufactured in the United States,” says Felix Friedman, Vice President of Development.  “The Vestas V110-2.0 MW wind turbine generators on 95 meter towers provide RPMA an optimal match to the wind conditions at the northeast Kansas site.  Together with Vestas’ long-term service agreement and our strong local partnerships, we are looking forward to realising the full potential of the Marshall Wind Farm.”
       
      “We are delighted to embark on this long-term partnership with RPM Access,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “In addition to increasing the amount of clean and affordable energy available to the people of Kansas and Missouri, the 20-year service agreement ensures RPM Access will receive unparalleled service and optimal energy production from their turbines and that these communities will benefit from a steady source of quality jobs.”

      Installation and commissioning of the turbines is expected in the first half of 2016.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA and has entered into master supply agreements or similar constructs with a potential of up to approx 3 GW.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email:  pibrn@vestas.com

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

      About RPM Access
      RPM Access, headquartered in De Soto, Iowa, is an independent developer, owner and operator of wind projects with its main focus on the development of high quality wind farms in the Midwest. Since 2000, RPM Access has initiated and developed more than 1,200 megawatts of wind farm assets. For more information, please visit: http://www.rpmaccess.com.

      Download news release (pdf)

      Close article
      18:16 - 05 May 2015

      Vestas receives 72 MW order in the USA

      Vestas has received a firm and unconditional order in Kansas, USA, for 36 V110-2.0 MW turbines, with a total of 72 MW.

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      Vestas has received a firm and unconditional order in Kansas, USA, for 36 V110-2.0 MW turbines, with a total of 72 MW.

      Additional information about the project

      Customer: RPM Access, LLC
      Project name: Marshall
      Location/Country: Kansas, USA
      Number of MW: 72 MW
      Number of turbines/turbine type 36 x V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract includes supply and commissioning of the wind turbines as well as a 20-year Active Output Management (AOM) 5000 service agreement
      Time of delivery Commissioning of the wind turbines is expected in the first half of 2016.

      Total year-to-date announced order intake in MW: 1,935 MW (see overview at vestas.com/investor).

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

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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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

      Close article
      23:20 - 30 Apr 2015

      Vestas receives 400 MW order in U.S. state of Nebraska

      Is Vestas’ largest single-phase project ever in the United States.

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      Is Vestas’ largest single-phase project ever in the United States.

      With reference to Vestas Wind Systems A/S’ company announcement No. 18/2015 of 30 April 2015, Vestas has received a firm and unconditional order in the United States for 200 V110-2.0 MW turbines for the Grande Prairie wind farm in Holt County, Nebraska.  In megawatt terms, the project will be Vestas’ largest single-phase project ever in the United States. 

      The order was placed by BHE Renewables, LLC, an affiliate of Berkshire Hathaway Energy, which owns a portfolio of energy businesses including the U.S. utilities PacifiCorp, MidAmerican Energy Company and NV Energy. 

      The announcement marks the first turbine supply contract that BHE Renewables and Vestas have executed.  Berkshire Hathaway Energy’s businesses own wind projects representing more than 4 gigawatts of wind across the West and Midwest. 

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada, is encouraged by the new relationship.  “BHE Renewables is a major player in the U.S. wind sector.  Their parent company is well known and respected for its long-term investments in fundamentally sound industries,” Brown said. “We’re extremely pleased that they have chosen our workhorse turbine, the V110-2.0 MW, for Grande Prairie.

      Tom Budler, President of the wind division of BHE Renewables, commented “We are pleased to be utilizing Vestas as the sole provider of turbines for the Grande Prairie project.  When completed, Grande Prairie will be the largest wind project in Nebraska and will have a major impact on Nebraska’s economy and energy future.”

      The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM5000) service agreement, which is designed to maximize energy production. Deliveries are expected to being in the second quarter of 2016, with project completion expected by the end of 2016. 

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  In 2014, Vestas announced 2.2 GW of orders for delivery in the USA and has entered into master supply agreements or similar constructs with a potential of up to approx. 3 GW. Approximately 4,800 U.S. employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email:  pibrn@vestas.com

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

      About BHE Renewables
      BHE Renewables is a wholly-owned subsidiary of Berkshire Hathaway Energy and headquartered in Des Moines, Iowa. Since 2012, BHE Renewables has invested extensively in solar, wind, geothermal and hydro projects. As a long-term owner of assets, the company’s wind projects include the 300-megawatt Jumbo Road project near Hereford, Texas; 168-megawatt Pinyon Pines I and 132-megawatt Pinyon Pines II projects, located near Tehachapi, California; the 81-megawatt Bishop Hill II project in Henry County, Illinois; and the 400-megawatt Grande Prairie project in Holt County, Nebraska, which will begin construction in 2015. More information is available at www.bherenewables.com

      Download press release (pdf)

      Close article
      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)

      Close article
      12:40 - 30 Apr 2015

      Vestas receives 20 MW order for Coonooer Bridge Wind Farm in Australia

      Vestas receives 20 MW order for Coonooer Bridge Wind Farm in Australia

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      Vestas has received a 19.8 MW order for six of its V117-3.3 MW turbines for the Coonooer Bridge Wind Farm in Australia.

      The order has been placed by Coonooer Bridge Wind Farm Pty. Ltd., which is owned by Eurus Energy, Windlab, and local community shareholders.  The order includes a full engineering, procurement and construction (EPC) contract as well as a long term service agreement.

      Located in the state of Victoria, the Coonooer Bridge Wind Farm is one of only three successful projects under the Australian Capital Territory (ACT) Government wind auction process awarded earlier this year, and the first to achieve financial close.  

      Gerard Carew, Vestas’ Vice President of Sales in the Asia Pacific region said the order was significant for Vestas and the Australian wind industry as a whole.  “We are very pleased to be working with the Coonooer Bridge Wind Farm partners, and we thank them for their trust in Vestas to deliver this project, which will be the first Australian installation of our V117-3.3 MW turbines.  This project is further proof that when technology advancements combine with effective government policy the cost of renewable energy will continue to decline”.  

      Windlab’s Chief Executive, Roger Price, commented “The Coonooer Bridge Wind Farm partners are pleased to be working with Vestas to deliver the first new project resulting from the ACT wind auction process.  Vestas’ track record and performance in the Australian market were key factors in Windlab and Eurus Energy selecting them to construct and maintain the wind farm”.

      Coonooer Bridge Wind Farm is scheduled for completion in March 2016 and once operational will produce enough energy to power 14,000 homes. During the construction phase, the project will employ more than 70 people, greatly benefiting the local community.

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 gigawatts of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      In Australia, Vestas installed the first wind turbine in 1993, and has installed around 50 percent of all wind turbines since then.

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

      Download the press release (PDF) here

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      22:25 - 28 Apr 2015

      Vestas receives 78 MW order in U.S. state of Minnesota

      Sempra U.S. Gas & Power places order for 39 V110-2.0 MW turbines

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      Sempra U.S. Gas & Power places order for 39 V110-2.0 MW turbines

      With reference to Vestas Wind Systems A/S’ company announcement No. 17/2015 of 28 April 2015, Vestas has received a firm and unconditional order in the United States from Sempra U.S. Gas & Power for 39 V110-2.0 MW turbines for the Black Oak Getty wind farm in Stearns County, Minnesota. 

      The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM5000) service agreement, which supports maximum energy production from the turbines. Once completed, the Black Oak Getty wind farm will generate enough renewable energy to power approximately 30,000 Minnesota homes.  The entire power output from the wind farm has been sold to Minnesota Municipal Power Agency (MMPA) under a 20-year contract.

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada is enthusiastic about Vestas’ growing partnership with Sempra U.S. Gas & Power, a leading developer of clean energy solutions in markets throughout the U.S.  “We are happy to partner with Sempra U.S. Gas & Power as they expand their renewable portfolio and bring more clean energy to the people of Minnesota,” said Brown. “The workhorse V110-2.0 MW turbine that has been selected for the Black Oak Getty wind farm has a strong track record of performance and reliability, and we are confident it will meet expectations for this project.”

      “We are pleased to partner with Vestas to construct Sempra U.S. Gas & Power’s newest wind farm as we continue to diversify our renewables portfolio and demonstrate our commitment to renewables development,” said Kevin Sagara, senior vice president and president, renewables for Sempra U.S. Gas & Power. “We look forward to growing our relationship with Vestas through the construction of this project, and to providing a stable supply of clean power to Minnesota.”

      Turbine delivery for the Black Oak Getty wind farm is expected to begin in the second quarter of 2016.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the USA.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:

      Piper Baron, Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:       +1 503 327 2118
      Email:   pibrn@vestas.com

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

      Download press release (pfd)

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      22:15 - 28 Apr 2015

      Vestas receives 78 MW order in the USA



      Vestas has received a firm and unconditional order in Minnesota, USA, for 39 V110-2.0 MW turbines, totalling 78 MW.

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      Vestas has received a firm and unconditional order in Minnesota, USA, for 39 V110-2.0 MW turbines, totalling 78 MW.

      Additional information about the project

      Customer: Sempra U.S. Gas & Power, LCC
      Project name: Black Oak
      Location/Country: Minnesota, USA
      Number of MW: 78 MW
      Number of turbines/turbine type 39 V110-2.0 MW turbines
      Contract type: Supply-only
      Contract scope: The contract covers supply and commissioning of the wind turbines, as well as a five-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Delivery of the wind turbines is expected to take place in the second quarter of 2016, with commissioning expected in the fourth quarter of 2016.

      Total year-to-date announced order intake in MW: 1,410 MW (see overview at vestas.com/investor).

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

      Vestas-American Wind Technology
      Chris Brown, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      12:14 - 15 Apr 2015

      Share-based incentive programme 2015 

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      At the annual general meeting held on 30 March 2015, the revised remuneration policy and general guidelines for incentive pay for the Board of Directors and the Executive Management of Vestas Wind Systems A/S were adopted. 
      The Board of Directors has subsequently set out the terms and conditions governing the restricted performance share programme for the year 2015 for all participants, including the Executive Management. The new share-based incentive programme is an adjustment of the previous programmes and will still be based on restricted performance shares. The programme is adjusted to a performance period of three years replacing the previous one-year performance period and a performance measurement based on financial key performance indicators as well as the Vestas Group’s market share as defined by the Board of Directors. 


      Participants  The Executive Management, Group Senior Vice Presidents, Senior Vice Presidents, Vice Presidents, Chief Specialists and Chief Project Managers in the Vestas Group. The programme for 2015 includes 190 participants.
      Number of shares  The number of shares to be granted is based on a target level for each corporate level. No payments for any grants are made by the participants. If all KPIs are reached on target level, a total of 340,000 shares will be granted from the programme with a total present value calculated based on the current share price amounting to EUR 15m (value at close of Nasdaq Copenhagen on 14 April, 2015). For 2015, the target number of shares for the Executive Management will be 120,000 shares in total. 
      The actual number of restricted performance shares available for distribution may range between 0 and 150 per cent of the target level and is determined by Vestas’ performance in the financial years 2015, 2016, and 2017. The maximum grant of shares under the programme in total is 510,000 shares based on full performance achievement.
      Time of grant  The restricted performance shares are to be granted in two equal portions in 2018 and 2020.
      Key Performance Indicators  The KPIs for all three performance years are based on Vestas’ performance on earnings per share (EPS), return on invested capital (ROIC), as well as the Vestas Group’s market share estimated by a predefined, independent,  well-reputed supplier of such data.
      Conditions  The restricted performance shares are governed by the specific terms and conditions of the programme and subject to mandatory law. If a participant chooses to leave Vestas before the time of grant, the participant’s rights to receive the shares will generally lapse.
      Adjustments to the programme  The number of shares available for grant may be adjusted in the event of changes in Vestas’ capital structure. Further, in the event of a change of control, merger, winding-up or demerger of Vestas, an accelerated grant may extraordinarily take place. In the event of certain transfers of activities or changes in ownership interests within the Vestas Group, adjustment, replacement of the programme and/or settlement in cash of the programme entirely or partly may also take place.

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

      Download company announcement (pdf)

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      11:03 - 09 Apr 2015

      Vestas urges Australian parliament to support Clean Energy Council’s compromise proposal on Renewable Energy Target

      Vestas urges Australian parliament to support Clean Energy Council’s compromise proposal on Renewable Energy Target

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      Australia now one step away from a return to bipartisan renewable energy policy.

      After more than a year of uncertainty, the Australian Government can act quickly to secure jobs and investment in rural and regional Australia by accepting the Renewable Energy Target (RET) compromise proposed by the Clean Energy Council (CEC) to break the current political deadlock.

      Investment in large-scale renewable energy in Australia fell by 88 percent in 2014, with companies in the sector shedding hundreds of jobs while dozens of projects remain stalled.

      Vestas believes the CEC proposal of a 33,500 gigawatt hour target in 2020 represents a reasonable and necessary compromise to unlock investment and protect jobs in an industry sector that has been badly damaged by political risk.

      The Australian Government’s own review of the RET demonstrated that cutting the existing target is counterproductive and could cause power prices to rise in the medium- to long-term, exposing Australian families and businesses to rising energy prices.

      “Vestas has been the leader in the Australian wind energy industry for many years, and despite some tough times, we continue to believe the Australian market has great potential”, says Danny Nielsen, Managing Director of Vestas Australia. “But political uncertainty has stopped Australia reaching that potential and this is now threatening Australia’s competitiveness as the rest of the world moves ahead with renewables. Bipartisan political support must be urgently restored to create the long-term business certainty required to protect jobs and allow major renewable energy investments to proceed”.

      For more information, please contact:
      Danny Nielsen
      Managing Director, Vestas Australia
      Tel: +61 3 8698 7300
      Mail: trmal@vestas.com

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 gigawatts of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

      In Australia, Vestas installed the first wind turbine in 1993, and has installed around 50 percent of all wind turbines since then.

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

      Download the press release (PDF) here

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      17:49 - 01 Apr 2015

      Major shareholder announcement – Marathon Asset Management LLP

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      Vestas has received information from Marathon Asset Management LLP, UK, that Marathon Asset Management LLP has reduced its holding of Vestas to 10,968,018 shares, corresponding to 4.89 per cent of Vestas’ share capital.


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

      Download Company announcement (pdf)

       

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      20:43 - 31 Mar 2015

      Vestas wins 21 MW order in Costa Rica

      Vestas wins 21 MW order in Costa Rica

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      Vestas signs firm and unconditional order with Fila de Mogote, a subsidiary of US-based Hunt Energy Horizons (Hunt Oil), for the 21 MW Mogote wind power plant in the province of Guanacaste, Costa Rica.

      Vestas will supply and install seven V90-3.0 MW wind turbines at the Mogote wind farm to be constructed in Guanacaste, Costa Rica. The wind power plant has an estimated annual production of 100 GW/h, which corresponds to the residential electricity consumption of approximately 140,000 people in Costa Rica.

      The contract comprises supply and installation of the turbines and a 10-year full-scope Vestas Active Output Management (AOM 5000) service agreement.  Turbine delivery is expected to begin in the third quarter of 2015, with commissioning planned for the year end.

      “Hunt Energy Horizons is excited to develop Costa Rica’s excellent wind resources, and providing ICE (the local utility) a sustainable and economic option to help meet the country’s growing electricity demand. We found in Vestas and its V90-3.0 turbine model the key factors needed for our Fila de Mogote wind project to be a great success”, says Hector Gutierrez, head of Business Development at Hunt Energy Horizons.

      According the President of Vestas Mediterranean, Marco Graziano, “Costa Rica’s bet on wind energy is an important step in the fight against climate change in a country particularly endowed with a spectacular natural environment”.  He adds that “Vestas has been present in Costa Rica since 1998, so we are confident we have the right capabilities to carry out this project successfully”.

      Last year, Vestas announced a 21 MW order for the Tilawind wind power plant in Guanacaste, which will be soon under operation. Once Tilawind is fully operational, Vestas turbines will power four wind farms in Costa Rica, including Aeroenergía (6.7 MW), Tierras Morenas (24 MW) and Tejona (19.8 MW).

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

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

       
      Download the press release (PDF) here.

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      20:10 - 31 Mar 2015

      Vestas receives 23 MW turbine order in Finland

      Vestas receives 23 MW turbine order in Finland

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      Vestas has secured a 23 MW order in Finland, the first order in the country to feature the Vestas De-icing System on the V126 turbine.

      The order for seven V126-3.3 MW turbines has been placed by E-Group for the Posio I project in Posio, Lappland and Kuusamo, Northern Ostrobothnia. Turbine delivery is expected to begin in the second quarter of 2016.
       
      The contract includes delivery, installation and commissioning of the turbines, a 10-year Active Output Management (AOM) 5000 service agreement, VestasOnline® Business SCADA solution and the Vestas De-icing System. The De-icing system can help prevent ice build-up on the turbine blades by using an ice detection system and a hot air flow unit within the blades.

      “The Posio I order marks the first time that we will be working on a project with E-Group and it underlines our strong position in the Finnish market”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “We are very pleased that E-Group has chosen to work with us on their project and that the De-icing System will be used on the V126 turbine”, Mortensen says.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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


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

       

      Download the press release (PDF) here.

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      15:37 - 31 Mar 2015

      Vestas secures 53 MW turbine order in Finland

      Vestas secures 53 MW turbine order in Finland

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      Finland’s EPV Tuulivoima has placed its second consecutive order with Vestas for a project in Ilmajoki in the western part of the country.

      The order for the Ilmajoki Santavuori project is for 16 V126-3.3 MW turbines and includes delivery, installation and commissioning of the turbines as well as a six-year Active Output Management (AOM) 5000 service agreement. Delivery of the turbines is expected to take place in the first quarter of 2016.  The project is expected to be completed in the third quarter of 2016.

      “EPV Tuulivoima has been a customer with Vestas since 2013 and we are very pleased that they have chosen to work with us on their second project in a row”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “Furthermore, with this order, we underline our strong position in the Finnish market – a market that is growing and strategic for Vestas in Northern Europe”, Mortensen says.

      EPV Tuulivoima has previously placed one order with Vestas for the 53 MW Vähäkyrö project.

      Finland plans to increase the use of renewable energy from 30 percent to 38 percent by 2020 by increasing the usage of wind energy, biomass and other renewable energy sources. A feed-in premium came into effect in 2011 in the country, a tariff designed to support the use and development of wind power. Since the feed-in premium came into effect, Vestas has received orders in Finland totaling 478 MW, including the Ilmajoki Santavuori project. 

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

      Download the press release (PDF) here.

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      11:00 - 31 Mar 2015

      Vestas secures its fourth announced order in China this year

      Vestas secures its fourth announced order in China this year

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      Vestas has received a 50 MW order from Hebei Fengning Construction Investment New Energy, its fourth announced order in China this year.

      The order is for 25 V90-2.0 MW turbines for the HECIC Fengning Senjitu Wind Farm Phase II project.  Delivery and commissioning is expected at the end of this year. The contract includes supply of the turbines as well as a VestasOnline® Business SCADA solution and a two-year Active Output Management (AOM) 4000 service agreement.

      Hebei Fengning Construction Investment New Energy has 10 years of experience with wind energy and has currently placed orders with Vestas amounting to 320 MW, including the HECIC Fengning Senjitu order.

      Vestas installed its first wind turbine in China in 1986. Since then, Vestas has introduced a full suite of turbine and service products for China’s low- and medium-wind sites and remains fully committed to the world’s largest wind energy market.

      “Hebei Fengning Construction Investment New Energy placed its first order with Vestas seven years ago, and we are very pleased that the company has now chosen to place its sixth order with us”, says Chris Beaufait, President of Vestas Asia Pacific & China. “We expect that China will remain the largest onshore market, and we have a strong foundation for improving our regional competitiveness and presence in the country”, Beaufait says.

      About Vestas
      More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines worldwide currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories, and offices all over the world. With 52 percent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Local media:
      Giorgio Fortunato
      Regional Marketing Director, Asia Pacific & China
      Vestas Asia Pacific & China
      Tel   +86 10 5804 1493
      Email: gifor@vestas.com

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

      Download the press release (PDF) here

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      14:45 - 30 Mar 2015

      Vestas Wind Systems A/S’ Annual General Meeting on 30 March 2015


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

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

      Agenda and resolutions

      1. The Board of Directors’ report on the company’s activities the past year
      The report is not a subject for voting. The Annual General Meeting took note of the report.   

      2. Presentation and adoption of the annual report
      The annual report 2014 was approved.

      3. Resolution for the allocation of the result of the year according to the adopted annual report
      The Board of Directors’ proposal for allocation of the result of the year, including the proposal for a dividend of DKK 3.90 per share to be paid out for 2014, was approved.

      4. Election to the Board of Directors
      Bert Nordberg, Carsten Bjerg, Eija Pitkänen, Henrik Andersen, Henry Sténson, Lars Josefsson, Lykke Friis and Torben Ballegaard Sørensen were elected as members of the board.

      5. Adoption of the remuneration of the Board of Directors

      5.1. Approval of the final remuneration of the Board of Directors for 2014
      The Board of Directors proposed that the remuneration of the Board of Directors and the members of board committees remain unchanged as approved by the general meeting in 2014. The final remuneration of the Board of Directors and the members of the board committees for 2014 was approved.

      5.2. Approval of the level of remuneration of the Board of Directors for 2015
      The Board of Directors proposed that the level of remuneration for 2015 be based upon a basic remuneration of EUR 52,763 per board member as well as a remuneration of EUR 26,382 per membership of one of the board committees. The proposal implies an increase of 10 per cent. The proposal was approved.

      6. Appointment of auditor
      PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as auditor of the company.

      7. Proposals from the Board of Directors

      7.1. Amendment of article 4(4) of the articles of association
      The article is amended so that a notice convening a general meeting shall not be announced in a national daily newspaper. The notice will be published on the company’s website. The amendment was approved.

      7.2. Amendment of article 10(1) of the articles of association
      The article is amended so that joint signatures of two members of the Executive Management can bind the company. The amendment was approved.

      7.3. Adoption of remuneration policy for the Board of Directors and the Executive Management
      The remuneration policy for the Board of Directors and the Executive Management was approved.

      7.4. Adoption of general guidelines for incentive pay of the Board of Directors and the Executive Management
      The guidelines for incentive pay were approved.

      7.5. Renewal of the authorisation to acquire treasury shares
      The Board of Directors’ authorisation to let the company acquire treasury shares corresponding to 10 per cent of the share capital in the period until next annual general meeting was approved.

      8. Authorisation of the chairman of the general meeting
      The chairman (with a right of substitution) was authorised to file and register the adopted resolutions with the Danish Business Authority and make such amendments as requested by the Danish Business Authority.

      - - - - - - -

      After the Annual General Meeting, the Board of Directors held a statutory board meeting. At the meeting, Bert Nordberg was re-elected as chairman of the Board and Lars Josefsson was re-elected as deputy chairman of the Board.


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

      Download Company announcement (pdf)

      Download Articles of Association 2015 (pdf)

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      08:43 - 26 Mar 2015

      Vestas receives 40 MW order in U.S. state of Maine

      Vestas receives 40 MW order in U.S. state of Maine

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      Vestas continues its expansion in Maine with an order for 13 new turbines.

      Vestas has received a firm and unconditional order in the United States for 13 V112-3.075 MW turbines for the Passadumkeag wind farm in Penobscot County, Maine. 

      The order was placed by Passadumkeag Windpark, LLC, an affiliate of Quantum Utility Generation, LLC.  The project’s scope includes supply and commissioning of the wind turbines as well as a five-year Active Output Management (AOM 4000) service agreement, which is designed to maximize energy production.   The project will benefit from a long-term utility power purchase agreement, a consistent wind resource, and an experienced team to support construction and operation activities.

      The announcement marks the first partnership between Quantum and Vestas, and is the result of a multi-year collaboration on site design, environmental permitting, and grid interconnection. 

      Chris Brown, President of Vestas’ sales and service division in the United States and Canada is encouraged by the new relationship.  “We’re very pleased about the new and promising relationship with Quantum and about the benefits the project brings to Maine,” Brown said. “Like our other projects in Maine, this one is an opportunity for Maine ports, Maine construction jobs, and Maine-based service technicians.”

      Sean O’Donnell, President of Quantum Utility Generation, LLC, commented “Quantum is excited about how building this top-tier utility–scale wind project will help increase employment and provide long-term benefits for the state of Maine.  We appreciate the support provided by Vestas and our other project partners during Passadumkeag’s development and construction.”

      Vestas currently has 166.2 MW installed in Maine and announced an order for a 148 MW project near Oakfield, Maine in May 2014.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.

      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year.  As of the end of 2014, Vestas had installed 12,602 MW in the US.  Approximately 4,800 US employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

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

      For more information, please contact:
      Piper Baron
      Marketing & Communication Manager, Vestas – American Wind Technology
      Tel:      +1 503 327 2118
      Email: pibrn@vestas.com

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

      About Quantum
      Quantum Utility Generation, LLC is an independent power producer based in Houston, TX that develops, builds, owns and operates renewable and conventional generation projects across North America.  For more information, visit www.quantumug.com.

      Download the press release (PDF) here.

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      09:25 - 25 Mar 2015

      Vestas wins 36 MW Danish wind turbine project

      Vestas wins 36 MW Danish wind turbine project

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      Vestas has secured an order for 11 V117-3.3 MW turbines in Denmark, to be installed on the island of Lolland.

      The 36 MW order for the Rødby Fjord project has been placed by long-time Vestas customer European Energy A/S. The order includes supply, installation, and commissioning of the turbines, along with a 15-year full-scope Vestas Active Output Management (AOM 4000) service agreement. Turbine delivery is expected in the fourth quarter of 2015.  

      “For more than 10 years, Vestas has been an important partner for European Energy when it comes to successful wind energy projects throughout Europe. We are very pleased to work with Vestas and build on our strong relationship. The Vestas V117 helps us improve our business case certainty, and we have high hopes for the Rødby Fjord project,” says CEO Knud Erik Andersen, European Energy A/S.

      Vestas has delivered wind turbines for other European Energy A/S projects in Europe, including in St. Røttinge, Ritalba, and Ottenhausen.

      “In Denmark most wind farms are placed along the western coastline facing the North Sea. This project in south eastern Denmark reaffirms that wind power makes sense across the country.  Rødby Fjord is known as a site with great wind resources, and we look forward to realising the project together with European Energy later this year,” says Klaus Steen Mortensen, President of Vestas Northern Europe.

      For more information, please contact:
      Lina Danstrup
      Communications & Press Officer
      Tel: +45 61 26 99 87
      Mail: limat@vestas.com

      About Vestas
      In Denmark, Vestas has more than 3 GW installed capacity and employs more than 4,200 people. Several Danish factories also serve as Centres of Excellence and train Vestas employees from all over the world.

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

       Download the press release (PDF) here

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      13:59 - 20 Mar 2015

      Vestas wins 122 MW order in Sweden

      Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden’s largest wind power plants.

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      Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden’s largest wind power plants.

      With reference to Vestas Wind Systems A/S company announcement No. 13 of 20 March 2015, Vestas is pleased to announce this 122 MW project which will be located in Sweden’s Ljusdal and Bollnäs municipalities, and will be the country’s first wind power plant to use the V117-3.3 MW turbine. This order brings Vestas’ announced order intake in the first quarter of 2015 above 1 GW.

      Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments.  With a combined generation capacity of more than 1,200 MW, it is one of the world's largest financial investors in renewable energy.  The Sörby project has been developed by Kraftö Vind AB, a well-established developer with a large portfolio focusing primarily on Sweden. Kraftö will manage the construction of the wind farm.
       
      Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016. The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000).

      We are very pleased to become the owner of the 122 MW Sörby project which materially strengthens our position in the Swedish wind market. We look forward to working with both Kraftö and Vestas to ensure the smooth construction and optimal long-term operation of the project”, states David Jones, Head of Renewable Energy at Allianz Capital Partners.

      ”The open mindset approach that has characterised our cooperation with the Vestas team has enabled us to continuously improve the business case certainty all the way to financial close. Furthermore, the selection of the V117-3.3MW turbine ensures that we enhance the already solid wind resources at the site” says Anders Barne, CEO of Kraftö Vind AB.

      “Vestas’ wide range of wind turbine types is well-suited for all market conditions and thus offers our customers a strong business case for their wind power investments”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “We are really pleased with being selected as the supplier and long-term service partner on the 122 MW Sörby project”.

      Today, Vestas has delivered about 1,600 wind turbines, totalling more than 2,500 MW, to Sweden.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

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

      Download news release (pdf)

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      13:39 - 20 Mar 2015

      Vestas receives 122 MW order in Sweden

      Vestas has received a firm and unconditional order in Sweden, comprising 37 V117-3.3 MW turbines, with a total capacity of 122 MW.

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      Vestas has received a firm and unconditional order in Sweden, comprising 37 V117-3.3 MW turbines, with a total capacity of 122 MW.

      Additional information about the project:

      Customer: Allianz Capital Partners Ltd.
      Project name: Sörby
      Location/Country: Ljusdal and Bollnäs, Sweden
      Number of MW: 122 MW
      Number of turbines/turbine type 37 x V117-3.3 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the wind turbines, as well as a 15-year Active Output Management (AOM) 5000 service agreement, and a VestasOnline® Business SCADA solution.
      Time of delivery Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016.

      Total year-to-date announced order intake in MW: 1,109 MW (see overview at vestas.com/investor).

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

      Vestas Northern Europe
      Klaus Steen Mortensen, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      11:18 - 19 Mar 2015

      Vestas receives 48 MW order in China

      Vestas receives 48 MW order in China

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      Vestas has secured an order for 24 V100-2.0 MW turbines in China, its third announced order in the country this year.

      The order has been placed by long-time Vestas customer CGN (Anxi) Wind Power Co. Ltd. CGN (Anxi) Wind Power currently has Vestas wind turbines totalling 960 MW installed in China. The CGN Fujian Anxi Longmen Wind Farm project is located in the Fujian province. Deliveries for the project will start in the third quarter of 2015. The contract also includes a two-year Active Output Management (AOM) 4000 service agreement.

      “Vestas installed its first wind turbine in China in 1986 and has since introduced a full suite of turbine and service products for China’s low- and medium-wind sites, reinvigorating the group’s long-standing commitment to the world’s largest wind energy market,” says Chris Beaufait, President of Vestas Asia Pacific & China. “The CGN Fujian Anxi Longmen Wind Farm Project will help increase the proportion of clean energy in the province and we are very pleased that CGN (Anxi) Wind Power Co. Ltd has chosen to work with us on yet another project,” Beaufait says.

      About Vestas
      More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines worldwide currently reduces carbon emissions by over 60 million tons of carbon dioxide every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories, and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      For more information, please contact:

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

      Local media:
      Giorgio Fortunato
      Regional Marketing Director, Asia Pacific & China
      Vestas Asia Pacific & China
      Tel   +86 10 5804 1493
      Email: gifor@vestas.com

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

      Download the press release (PDF) here

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      22:10 - 10 Mar 2015

      Vestas receives 180 MW order in Brazil

      Vestas has received a firm and unconditional order of 180 MW in Brazil.

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      Vestas has received a firm and unconditional order of 180 MW in Brazil.


      Additional information about the project:

      Customer: Undisclosed at the customer’s request.
      Project name: Undisclosed at the customer’s request.
      Location/Country: Campo Formoso, Brazil
      Number of MW: 180 MW
      Number of turbines/turbine type 90 x V110-2.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contract comprises supply and installation of the wind turbines as well as a two-year full-scope Active Output Management (AOM) 4000 service agreement followed by an eight-year customised service agreement.
      Time of delivery                                  Delivery of the wind turbines is planned for the second quarter of 2016, while commissioning is expected in the periods thereafter.

      Total year-to-date announced order intake in MW: 939 MW (see vestas.com/investor).

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

      Vestas Mediterranean
      Marco Graziano, President 

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

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

      Download company announcement (pdf)

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      11:18 - 06 Mar 2015

      Vestas receives 50 MW order for wind power plant in Germany

      Vestas receives 50 MW order for wind power plant in Germany

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      CPC Germania orders 15 units of the V112-3.3 MW turbine for the Hüselitz wind project in eastern Germany.

      Vestas is pleased to announce a firm and unconditional order for the Hüselitz wind power plant in eastern Germany that includes an option for an additional 19 turbines. Hüselitz will be located in Saxony-Anhalt. Turbine delivery is expected to start in the third quarter of 2015, with commissioning expected for the end of 2015 and the beginning of 2016. 

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

      „For more than 15 years, Vestas has been an important partner for CPC Germania when it comes to successful wind energy projects in Europe.  Driving product innovation and solid partnership throughout the entire process as well as ensuring reliable product lifecycles and a corporate culture that supports the collaboration with medium-sized enterprises is key to us”, states Markus Tacke, CEO of CPC Germania.

      “Vestas looks forward to building on its long-term partnership with CPC Germania and to bringing the Hüselitz project online together with them”, says Dr. Christoph Vogel, President of Vestas Central Europe. “The turbines of our 3 MW platform are an optimal choice, providing proven technology and low cost of energy – both of which support our customer’s business case”.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Vestas entered the German market in 1986. Since then, the company has delivered more than 6,900 turbines representing a total capacity of about 10,000 MW to this key market. Today, Vestas has a market share of about 24 per cent. Vestas’ full wind energy value chain is represented in Germany; R&D, production, sales locations and a unique service infrastructure as well as business unit headquarters. Vestas employs around 2,000 people in Germany.

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

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

      Download the press release (PDF) here 

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      17:42 - 04 Mar 2015

      Vestas successfully places a EUR 500m Eurobond  

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      DISCLAIMER – IMPORTANT

      ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH BY VESTAS WIND A/S (THE “COMPANY”) AND ARE FOR INFORMATION PURPOSES ONLY.

      THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

      These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

      If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.

      Confirmation of understanding and acceptance of disclaimer

      1. I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful.

      2. I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other jurisdiction where to do so would breach applicable local law or regulation.

      3. I am resident and physically present outside each of the Excluded Territories and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company.

      4. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

      I AGREE 

      I DO NOT AGREE



      Close article
      06:05 - 02 Mar 2015

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

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      To the shareholders of Vestas Wind Systems A/S

      Pursuant to article 4 of the articles of association, you are hereby convened for the Annual General Meeting of Vestas Wind Systems A/S on Monday, 30 March 2015 at 1:00 p.m. (CET) at the Concert Hall Aarhus (Musikhuset Aarhus), Thomas Jensens Allé, 8000 Aarhus C, Denmark.

      Download full convening (pdf)
      Read more ...

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      09:35 - 20 Feb 2015

       Vestas mandates banks to arrange investor meetings in Europe

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      DISCLAIMER – IMPORTANT

      ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH BY VESTAS WIND A/S (THE “COMPANY”) AND ARE FOR INFORMATION PURPOSES ONLY.

      THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

      These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful (the “Excluded Territories”). Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

      If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.

      Confirmation of understanding and acceptance of disclaimer

      1. I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful.

      2. I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other jurisdiction where to do so would breach applicable local law or regulation.

      3. I am resident and physically present outside each of the Excluded Territories and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company.

      4. I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

      I AGREE

      I DO NOT AGREE

       

      Close article
      11:30 - 19 Feb 2015

      Vestas wins 33 MW order for V126-3.3 MW turbines in Sweden

      Vestas wins 33 MW order for V126-3.3 MW turbines in Sweden

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      OX2 orders 10 V126-3.3 MW turbines for a wind power plant in northern Sweden

      Vestas has received a firm and unconditional order for 10 V126-3.3 MW turbines for the Maevaara 2 wind power plant. The order also includes the first Vestas De-icing System for the V126-3.3 MW.

      The order was placed by Nordic renewable energy developer OX2. The wind power plant will be in northern Sweden. This project is the second in Sweden to utilise the V126-3.3 MW turbine model. Turbine delivery is planned to begin in the second quarter of 2016 with installation during second and third quarter of 2016.

      The contract includes supply, installation and commissioning of 10 V126-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000), which was signed with Allianz Capital Partners, the Allianz Group's in-house investment division for alternative investments.  Allianz, with a combined generation capacity of more than 1,200 MW, is one of the world's largest financial investors in renewable energy and has recently purchased the Maevaara 2 wind power plant from OX2.

      “We're very pleased to be installing Vestas V126-3.3MW turbines at the extension to the Maevaara project and look forward to working closely with Vestas to ensure optimal through-life operational performance”, states David Jones, Head of Renewable Energy at Allianz Capital Partners.

      “The new V126-3.3 MW with de-icing is a good match for the Nordic environment and ensures that the site is utilised in an optimal way”, says Paul Stormoen, CEO of OX2 Wind. "We are very pleased with our long-term relationship with Vestas and are looking forward to work together on this project.                  

      “Sweden is an increasingly important renewable energy market. Vestas’ ability to offer leading technology solutions such as the V126-3.3 MW and the Vestas De-icing System provides our customers there with a competitive value proposition for generating more energy on low wind sites”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “Vestas is very pleased to continue our successful partnership with OX2 and Allianz Capital Partners realizing this wind energy project.”

      Today, Vestas has delivered about 1,500 wind turbines totalling more than 2,400 MW to Sweden.

      About the Vestas De-icing System (VDS)
      Easily serviceable from within the hub and inside the blade, VDS does not require electrical components to be installed in the blade’s leading edge. While enhancing the system’s robustness, it also keeps the system at low risk from lightning damage. VDS is designed to de-ice the outer profile of the blade focusing on the tip end to ensure maximum efficiency of regaining power production after ice buildup occurs. VDS is fully integrated with Vestas’ control systems and can be tailored to the customer’s de-icing strategy. The system can be triggered automatically or manually, ensuring customers have full monitoring control of the system. Vestas has received more than 200 MW of firm and unconditional orders for turbines with the VDS system, which is available for V112-3.3 MW, V117-3.3 MW, and V126-3.3 MW.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      About OX2
      OX2 develops, constructs, finances and manages renewable energy projects in the Nordic region. The company is a driving force in the transition towards a sustainable energy sector, offering financial investors as well as large energy users the opportunity to invest in and own renewable energy plants. OX2 has realised a significant part of the large-scale onshore wind power projects in the Nordic region. The group has operations in Sweden, Finland, Norway and Poland. For more information, please see www.ox2.com.

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

      Download the press release (PDF) here.

       

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      10:35 - 18 Feb 2015

      Information in the market regarding offshore project in the UK

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      Today there is information in the market regarding the appointment of MHI Vestas Offshore Wind as preferred supplier by DONG Energy for an offshore project in the UK.

      Vestas can confirm that MHI Vestas Offshore Wind has been appointed preferred supplier for the delivery of the V164-8.0 MW wind turbine for phase 1 of the Walney Extension Offshore Wind Farm, comprising 330 MW.

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

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

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

      Download Company announcement (pdf)

       

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      10:25 - 18 Feb 2015

      Information in the market regarding project in Canada

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      Today there is information in the market regarding a project in Quebec, Canada, comprising 68 3.3 MW turbines, totalling 224.4 MW.

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

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

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

      Download pdf

      Close article
      09:00 - 13 Feb 2015

      Vestas wins 48 MW order in Poland, strengthening market-leading position

      Vestas wins 48 MW order in Poland, strengthening market-leading position

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      Polenergia S.A. orders 24 V110-2.0 MW turbines for wind power project in western Poland

      Vestas has received a firm and unconditional order for 24 V110-2.0 MW turbines for the Mycielin wind power project to be located in western Poland. The order was placed by Polenergia S.A., the largest private Polish energy group.

      Wind turbine delivery is expected to begin in the third quarter of 2015 with commissioning expected to be completed in the fourth quarter of 2015. The contract includes supply, installation and commissioning of the 24 V110-2.0 MW turbines along with a VestasOnline® Business SCADA solution and a five-year service agreement (AOM 5000).

      “It is an important step towards achieving Polenergia’s goals in wind energy development. We are happy to work with Vestas as a turbine supplier again”, states Michał Kozłowski, Vice President of Polenergia S.A.

      “It is a real pleasure for us to announce another order in Poland. Polenergia S.A. is a key player in the Polish energy market and a highly valued customer. We are happy to be chosen as the wind turbine supplier and service provider for this wind power plant and to consolidate our market leadership in Poland”, states Klaus Steen Mortensen, President of Vestas Northern Europe.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Having been established in 2003, Vestas Poland employs more than 150 people fully dedicated to wind energy and to securing customers’ business case. In addition to our two offices in Szczecin and Warsaw, Vestas also operates 16 service hubs in Poland. Vestas has delivered to the Polish market about 570 wind turbines, totalling about 1,200 MW. Vestas has more than 30 percent market share of total installations in Poland.

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

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

      Download the press release (PDF) here

      Close article
      08:35 - 11 Feb 2015

      Annual report 2014

      – Strong performance on all key financial and operational parameters

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      – Strong performance on all key financial and operational parameters

      Summary: 2014 was the first year in the implementation of Vestas’ new strategic plan, Profitable Growth for Vestas, and it proved to be a year of strong performance. Compared to 2013, general performance substantially improved due to a successful execution of the strategic plan combined with a continued focus on the parameters which were at the centre of the previous turnaround plan. Wind turbine order intake increased by 10 per cent in 2014 and the service order backlog increased as well, providing continued evidence of Vestas’ strong position in the market.

      For full year 2014, revenue amounted to EUR 6.9bn, EBIT margin before special items was 8.1 per cent, total investments was EUR 285m, and the free cash flow amounted to EUR 841m. This was all in line with the latest expectations of revenue of EUR 6.4bn-7.0bn, EBIT margin before special items of 7-8 per cent, total investments of approx EUR 250m, and free cash flow around EUR 850m. The activity level and earnings of the period were a result of stable execution throughout the year.

      The wind turbine order intake increased from 5,964 MW in 2013 to 6,544 MW in 2014 and the value of the service order backlog increased by EUR 0.3bn to EUR 7.0bn, despite the carve-out of the offshore service order backlog during the year.

      For 2015, Vestas expects revenue to amount to minimum EUR 6.5bn with an EBIT margin before special items of minimum 7 per cent, total investments of approx EUR 300m, and a free cash flow of minimum EUR 400m.

      As a result of the strong performance during the year, Vestas’ capital structure targets have been met and, as per the dividend policy of the company, the Board of Directors recommends to the Annual General Meeting that a dividend of DKK 3.90 per share, equivalent to 29.5 per cent of the net profit for the year, be distributed to the shareholders.

      “I’m pleased to see that Vestas’ financial performance continues to improve, with solid results on all key financial and operational parameters. One year on, the “Profitable Growth for Vestas” strategy is very much on track.  Vestas’ strong results are creating value for our shareholders, as illustrated by the Board’s recommendation to distribute a dividend for the first time since 2002,” says Anders Runevad, Group President & CEO.  He continues: “I also want to commend the Vestas employees for their tremendous efforts, leading to the strong results we present today”.

      Press and analyst meeting in Copenhagen, Denmark
      In connection with the disclosure of the annual report, an information meeting including the strategic update will be held on Wednesday, 11 February 2015 at 10.00 a.m. CET (9.00 a.m. GMT) for analysts, investors and the media at:

      Radisson Blu Royal Hotel, Copenhagen
      Hammerichsgade 1
      1611 Copenhagen V
      Denmark

      Further details at www.vestas.com/investor

      Contact details
      Vestas Wind Systems A/S, Denmark

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

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

      Download Company announcement (pdf)

      Download Annual report 2014 (pdf)


      Close article
      16:30 - 10 Feb 2015

      Vestas secures first V112-3.3 MW order for 30 MW UK project

      Vestas secures first V112-3.3 MW order for 30 MW UK project

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      Vestas has secured a 29.7 MW order for nine of its V112-3.3 MW turbines for the Fraisthorpe project located in the province of Bridlington, UK. The firm and unconditional order has been placed by BayWa r.e., a leading German energy player, and will be the first project to utilise the V112-3.3 MW turbine in the UK.

      The contract includes delivery, installation, and commissioning of the turbines, which is expected to occur during the third and fourth quarter of 2015. The project also includes a 15-year Active Output Management (AOM) 5000 service contract.

      Matthias Taft, CEO of BayWa r.e. stated that: “The continued growth and success of our UK renewable energy business is a core strategic objective for the BayWa r.e. group. We are extremely pleased to have achieved this milestone with Vestas and look forward to many years of outstanding performance at Fraisthorpe”.

      Klaus Steen Mortensen, President of Vestas Northern Europe says: “It is a true pleasure for Vestas that BayWa r.e. will be the first customer to utilise the V112-3.3 MW turbine in the UK market. The V112-3.3 MW turbine is a high performance turbine delivering a competitive price per kWh. This is a proof that the market and customers are moving towards more efficient turbine types. We consider this as a cornerstone for our future success and commitment to the UK wind market. The V112-3.3 MW builds on proven technology to maximise value for our customer through low cost of energy and business case certainty”.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas installed its first wind turbine in the UK in 1991. Today, we have installed more than 1,500 wind turbines with a total capacity of over 2,600 MW. Vestas has 500 employees in the UK and Ireland working across the value chain, from research and development  at the Technology Centre on the Isle of Wight, to servicing the operational fleet under service across the country.

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

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

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

      Download news release (pdf)

      Close article
      23:59 - 04 Feb 2015

      Vestas secures 106 MW order in Brazil

      Vestas will install 53 units of its V110-2.0 MW turbine at five wind farms located in Rio Grande do Norte: Cabeço Preto III, V and VI and Macambira I and II.

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      Vestas will install 53 units of its V110-2.0 MW turbine at five wind farms located in Rio Grande do Norte: Cabeço Preto III, V and VI and Macambira I and II.

      With reference to Vestas Wind Systems A/S’ company announcement No. 6/2015 of 4 February 2015, Vestas has received a firm and unconditional 106 MW order for 53 V110-2.0 MW wind turbines for five wind farms located in the northeast of Brazil. Cabeço Preto combined will have a total installed capacity of 70 MW and Macambira, 36 MW. The order was placed by Gestamp Eólica S.L, a subsidiary of the Spanish-based Gestamp Wind.

      The contracts include supply and installation of the wind turbines as well a 10-year full-scope service agreement featuring the Active Output Management (AOM) 4000 offering. AOM 4000 is a comprehensive service package including all necessary main components and material to maximise uptime and performance of the wind farms.

      Turbine delivery is scheduled for the first quarter of 2016, whilst commissioning and the commencement of clean energy production is expected in the second quarter (Cabeço Preto) and third quarter (Macambira) of 2016. Cabeço Preto and Macambira will have an estimated gross annual production of 390 GWh and 195 GWh respectively, thus providing electricity to approximately 200,000 people in Brazil.

      “This new order strengthens our position in Brazil and proves that the V110-2.0 MW turbine is a very competitive product in this market”, says Marco Graziano, President of Vestas Mediterranean. “We continue offering technological leadership and expertise to local developers in Brazil”.

      Gestamp Wind is one of the biggest independent power providers in Brazil, with a total of 456 MW of wind energy order intake. Its 150 MW under operation primarily utilise Vestas turbines. Gestamp Wind continues trusting Vestas’ cutting-edge technology for these new projects in Brazil.

      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 in Brazil
      Vestas has been present in Brazil since 2000. Having opened an office in Sao Paulo in 2008 to handle all sales, construction and service operations in the country, Vestas inaugurated its first manufacturing facility near Fortaleza in the state of Ceará in late 2011. As of 30 September 2014, Vestas had delivered a total installed capacity of 686 MW to the Brazilian market. Vestas installed nine V112-3.0 MW turbines to power Honda’s car production plant in Sumaré, São Paulo as part of the company’s strategy to reduce its global CO2 emissions. The 27 MW Honda power plant was inaugurated in November 2014.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 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
      23:59 - 04 Feb 2015

      Vestas receives 106 MW order in Brazil

      Vestas has received a firm and unconditional order in Brazil, comprising of 53 V110-2.0 MW turbines, totalling a capacity of 106 MW.

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      Vestas has received a firm and unconditional order in Brazil, comprising of 53 V110-2.0 MW turbines, totalling a capacity of 106 MW.

      Additional information:

      Customer: Gestamp Eólica S.L.
      Project name: Cabeço Preto III, V and VI, & Macambira I and II
      Location/Country: Rio Grande do Norte, Brazil
      Number of MW: 106 MW
      Number of turbines/turbine type 53 x V110-2.0 MW turbines
      Contract type: Supply-and-installation
      Contract scope: The contracts include supply and installation of the wind turbines, as well as a 10-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 second quarter (Cabeço Preto) and third quarter (Macambira) of 2016.

      Total year-to-date announced order intake in MW: 598 MW, (see vestas.com/investor).

      Contact details

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

      Vestas 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
      11:26 - 03 Feb 2015

      Vestas secures 48 MW order in China

      Vestas has received a 48 MW order from Fujian Funeng New Energy Co. Ltd. for 24 units of the V90-2.0 MW wind turbine.

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      Vestas has received a 48 MW order from Fujian Funeng New Energy Co. Ltd. for 24 units of the V90-2.0 MW wind turbine. The Shitang wind power plant will provide clean electricity to the Fujian province in China.

      The contract includes delivery, installation, and commissioning of the wind turbines, which is expected to occur during the third and fourth quarter of 2015. The project also includes a three-year Active Output Management (AOM) 4000 service contract.

      Since 2009, Fujian Funeng New Energy has been a significant player in the Chinese wind industry, and has previously worked with Vestas on five different projects totalling 172 MW. “Vestas is pleased that Fuijan Funeng New Energy has chosen to work with us on our sixth project together. The results that we have previously accomplished together emphasise our strong partnership, and we are certain that this will be the case for the Shitang project as well”, says Chris Beaufait, President of Vestas Asia Pacific & China.

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

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs, and control systems. As of September 30, 2014, Vestas has installed 4,540 MW in China.

      Globally, Vestas has installed more than 52,000 wind turbines, reducing 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 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 64 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

      Close article
      10:00 - 02 Feb 2015

      Vestas receives a 74 MW order for low-wind site in China

      Jianshui Suntien Wind Power Energy Co., Ltd., a fully owned subsidiary of Hebei Construction & Investment Group Co., Ltd. has placed a 74 MW order for the Yunnan Jianshui Qikeshu wind farm in the Yunnan province of China. 

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      Jianshui Suntien Wind Power Energy Co., Ltd., a fully owned subsidiary of Hebei Construction & Investment Group Co., Ltd. has placed a 74 MW order for the Yunnan Jianshui Qikeshu wind farm in the Yunnan province of China.

      The firm and unconditional order comprises the supply and installation of 37 units of the V100-2.0 MW wind turbine as well as a two-year Active Output Management (AOM 4000) service agreement. Turbine delivery is scheduled for the third quarter of 2015, with commissioning expected to take place in the fourth quarter of 2015.  Reflecting Vestas’ new China strategy, the V100-2.0 MW turbines are particularly well-suited for the low-wind, high-altitude conditions of the Jianshui Qikeshu wind farm.
       
      A long-time Vestas customer, Hebei Construction is a leading player in the wind industry with 10 years of wind energy development experience and four previous projects working with Vestas. 

      “Vestas and Hebei Construction have worked together on several projects in China, and we are pleased they have chosen Vestas technology to meet their requirements for this low-wind site project”, says Chris Beaufait, President of Vestas Asia Pacific & China.

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

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs, and control systems. As of September 30, 2014, Vestas has installed 4,540 MW in China.

      Globally, Vestas has installed more than 52,000 wind turbines, reducing 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 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 64 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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      12:20 - 30 Jan 2015

      Vestas wins 10-year service agreement extension in the USA

      Puget Sound Energy extends service agreement with Vestas for 429 MW of capacity in Washington state.

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      Puget Sound Energy extends service agreement with Vestas for 429 MW of capacity in Washington state.

      With reference to Vestas Wind Systems A/S’ company announcement No. 5/2015 of 30 January 2015, Vestas has signed a 10-year extension agreement to service the Whiskey Ridge, Wild Horse and Hopkins Ridge wind projects.  Located in central Washington, these facilities feature 214 V80-1.8 and 22 V80-2.0 MW turbines.  Since their inception, Vestas has serviced all three sites, which later were incorporated into a Master Service Agreement.  The new agreement extends Vestas’ commitment to the projects through 2025.

      A Washington state utility, Puget Sound Energy is the 2nd largest utility owner of wind power in the USA, and the Pacific Northwest’s largest utility producer of renewable energy.

      Embodying Vestas’ more flexible approach to service solutions, the extended service agreement, which covers all three sites, includes a time-based availability guarantee that supports optimal turbine utilisation and productivity.  This comprehensive service package includes scheduled preventive maintenance, diagnostic services and unscheduled maintenance, and full component coverage for maximum performance.

      “PSE is excited to continue our excellent partnership with Vestas,” said John Mannetti, PSE’s Director of Wind Resources and Asset Management. “They’ve serviced these sites from the beginning of our wind program, and we’re glad they’ll be continuing to work with us as our assets progress through their lifecycle.”

      “Extending this service contract speaks to the strong partnership between Vestas and Puget Sound Energy. Since 2005, we have provided world-class service for their fleet of Vestas wind turbines,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “We are proud that Puget Sound Energy continues to trust our dedicated service team to deliver a portfolio management strategy that ensures the greatest long-term optimisation and return on investment for their assets.” 

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 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 Q3 2014, Vestas had installed 11,879 MW in the US.  Approximately 3,000 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 Puget Sound Energy
      Puget Sound Energy is Washington state’s oldest local energy company. We serve 1.1 million electricity customers and more than 770,000 natural gas customers in 10 counties. For more information, visit www.PSE.com. Also follow us on Facebook and Twitter.

      Media Contact
      Ray Lane, 1-888-831-7250
      ray.lane@pse.com

      Download news release (pdf)

      Close article
      12:15 - 30 Jan 2015

      Vestas receives a 10-year service contract extension for 429 MW in the USA

      Vestas has received a 10-year extension to a service agreement for three wind power plants in the state of Washington, USA, with a total capacity of 429 MW.

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      Vestas has received a 10-year extension to a service agreement for three wind power plants in the state of Washington, USA, with a total capacity of 429 MW.

      Additional information:

      Customer: Puget Sound Energy
      Project name: Whiskey Ridge, Wild Horse, and Hopkins Ridge
      Location/Country: Washington, USA
      Number of MW/turbines: 429 MW  /  214 x V80-1.8 MW + 22 x V80-2.0 MW turbines
      Duration of service contracts: 10 years
      Contract scope: The service contract encompasses the Vestas Active Output Management (AOM) 4000.

      Contact details:

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

      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 “News”.

      Download Company announcement (pdf)

      Download news release (pdf)

      Close article
      14:07 - 29 Jan 2015

      Vestas secures 36 MW order in Jamaica; project will become country’s largest wind farm

      Vestas has received a firm and unconditional 36.3 MW order for 11 units of the V112-3.3MW turbine for the BMR Jamaica wind project in Saint Elizabeth Parish, Jamaica.

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      Vestas has received a firm and unconditional 36.3 MW order for 11 units of the V112-3.3MW turbine for the BMR Jamaica wind project in Saint Elizabeth Parish, Jamaica.

      The order was placed by the U.S.-based project developer BMR Energy. The contract comprises the supply, installation and commissioning of the wind turbines as well as civil and electrical works for the construction on the project. An interconnection transmission line will be constructed separately by the local utility. Turbine delivery is planned for the third quarter of 2015, with commissioning expected in the first quarter of 2016. Upon completion, the BMR Jamaica project will be Jamaica’s largest wind farm.

      The Caribbean region is heavily dependent on fossil fuels for power generation and thus much affected by the fluctuating prices and pollution that result. The BMR Jamaica wind project has an estimated gross annual production of more than 120 GWh, which corresponds to an annual emission saving of 85,400 tons of CO2. Once completed, this wind power plant will provide electricity to approximately 300,000 people in Jamaica.

      “Jamaica is located in an area prone to hurricanes. Vestas’ long experience in wind technologies and different weather conditions make it an ideal partner for this project, which requires cutting-edge technology to guarantee the continuous and sustainable operation of the wind power plant at all times”, says Bruce Levy, President of BMR Energy.

      “Having installed the first commercial wind generator in Jamaica in 1996 and completed the Wigton wind power plant in 2010, our customers benefit from Vestas’ experience undertaking wind projects in the country. Our wind turbines are well-suited to the tropical climate and are able to withstand the extreme wind conditions that can sometimes occur in the Caribbean”, 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 52,700 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 19,300 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 64 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 BMR Energy 
      BMR Energy, LLC was founded in 2013 as a venture between three experienced energy professionals and private equity firm American Capital Ltd.  The company is focused on acquiring, developing, investing in and managing power and energy related assets in the Caribbean, Latin America and Mexico.  The BMR team brings more than 60 years of combined international energy infrastructure development and operational experience.


      Download news release (PDF)

      Close article
      23:59 - 21 Jan 2015

      Vestas and First Reserve announce turbine supply agreement for 298 MW Kingfisher Wind project in the USA

      First Reserve orders 149 V100-2.0 MW turbines for Oklahoma project

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      First Reserve orders 149 V100-2.0 MW turbines for Oklahoma project

      With reference to Vestas Wind Systems A/S’ company announcement No. 4/2015 of 21 January 2015, Vestas has received from First Reserve a firm and unconditional order in the United States for 149 V100-2.0 MW turbines to be installed at the 298 MW Kingfisher Wind project in Oklahoma.  

      First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy, has agreed to acquire the construction-ready 298-MW Kingfisher Wind power generation project from Apex Clean Energy. When complete, Kingfisher is expected to be one of the two largest single-phase wind projects in Oklahoma.
       
      Apex developed the Kingfisher Wind project, will manage construction, and will serve as asset manager during facility operation. Previously, Vestas supplied 49 V100-2.0 MW turbines to Apex for the Hoopeston Wind project in Illinois, which was subsequently acquired by IKEA. 

      The Kingfisher Wind project enjoys a strong, consistent wind resource. The project is scheduled to be completed in 2015.
       
      The project’s wind turbine order comprises supply and commissioning as well as a 10-year Active Output Management (AOM 5000) service agreement. AOM 5000 includes an energy-based availability guarantee ensuring that turbines are operational when the wind is blowing.

      We are excited to secure our first agreement with First Reserve for the Kingfisher project,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Driven by high reliability and steadily decreasing cost of energy, wind offers an attractive investment opportunity.  The participation by a diversified energy investor such as First Reserve is a sign that our industry is mature and evolving.” 

      Mark Florian, Managing Director and Head of Infrastructure Funds for First Reserve, commented “First Reserve is pleased to be making one of the initial investments in its second energy infrastructure fund.  Kingfisher Wind represents the opportunity to diversify the portfolio of our energy infrastructure program with experienced and reliable counterparties such as Vestas.”

      This transaction highlights Apex’s broad capabilities to deliver turn-key clean energy solutions for our financial partners,” said Mark Goodwin, Apex Clean Energy President.  “Apex is excited to continue its involvement in managing all aspects of Kingfisher Wind, from development through asset management.”

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 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 Q3 2014, Vestas had installed 11,879 MW in the US.  Approximately 3,000 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 First Reserve
      First Reserve is the largest global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised more than USD $30 billion of aggregate capital since inception. Putting these to work, First Reserve has completed more than  550 transactions (including platform investments and add-on acquisitions) on six continents. Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure.
       
      First Reserve has offices in Greenwich, CT; Houston, TX; London, U.K. and Hong Kong. Visit us at www.firstreserve.com for more information.

      For First Reserve media inquiries, please contact:
      Caroline Harris-Gibson
      Prosek Partners
      Tel:  +1 212.279.3115 ext. 222
      E-mail:  cgibson@prosek.com

      Julie Hamilton-Oakes
      Prosek Partners
      Tel:  +1 212.279.3115 ext. 234
      E-mail:  joakes@prosek.com

      About Apex 
      Apex Clean Energy is an independent renewable energy company focused on building utility-scale generation facilities.  Apex is building one of the nation’s largest, most-diversified portfolios of renewable energy resources, capable of producing over 10,000 MW of clean energy.  Apex has announced over 750 MW of power purchase agreements since 2013.   In the coming year, Apex will bring five new U.S. wind energy facilities online, comprising over 1,000 MW of capacity.  Apex will provide asset management services on three of these facilities, representing over 500 MW of capacity. 

      For Apex media inquiries, please contact:
      Dahvi Wilson, Communications Manager
      Tel:  +1 434-220-6351
      Email:  dahvi.wilson@apexcleanenergy.com 

      Download news release (pdf)
      Close article
      23:57 - 21 Jan 2015

      Vestas receives 298 MW order in the USA

      Vestas has received a firm and unconditional order in the USA for 149 V100-2.0 MW turbines corresponding to 298 MW.

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      Vestas has received a firm and unconditional order in the USA for 149 V100-2.0 MW turbines corresponding to 298 MW.

      Additional information about the project:

      Customer: First Reserve
      Project name: Kingfisher
      Location/Country: Oklahoma, USA
      Number of MW: 298 MW
      Number of turbines/turbine type 149 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery is expected to take place in late 2015.

      Total year-to-date announced order intake in MW: 334 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)

      Close article
      15:31 - 19 Jan 2015

      Information in the market regarding projects in Norway

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      Today, there is information in the market regarding Vestas having been appointed preferred supplier for six planned wind power plants in Norway.

      Vestas can confirm that Statkraft and Vestas have signed a Letter of Intent to supply wind turbines for the Fosen and Snillfjord/Hitra projects in Norway. If this results in firm and unconditional orders according to Vestas’ definition, Vestas will disclose company announcements immediately thereafter to this effect.

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

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

      Download Company announcement (pdf)

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      09:00 - 14 Jan 2015

      Vestas strengthens its market leading position with 36 MW order in Poland

      Vestas strengthens its market leading position with 36 MW order in Poland

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      Vestas is further strengthening its leading position in this important Northern European market, winning a firm and unconditional order for 12 of its V112-3.0 MW turbines for a project located in the region of Lodzkie, Poland.  The order has been placed by a private Polish investor.

      The contract includes delivery, installation, and commissioning of the turbines, which is expected to occur during the third and fourth quarter of 2015. The project also includes a five-year Active Output Management (AOM) 4000 service contract.

      “We are proud to be chosen to supply turbines for this project.  With market-leading technology, Vestas seeks to maximize value for our customer through low cost of energy, business case certainty, and being easy-to-work-with,” says Klaus Steen Mortensen, President of Vestas Northern Europe.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Having been established in 2003, Vestas Poland employs more than 150 people fully dedicated to wind energy and to securing customers’ business case. In addition to our two offices in Szczecin and Warsaw, Vestas also operates 16 service hubs in Poland. Vestas has delivered about 570 wind turbines, totalling about 1,200 MW, to the Polish market, giving it more than 30 percent market share of the country’s total installations.

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

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

      Download the press release (PDF) here.

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      16:50 - 08 Jan 2015

      Information in the market regarding offshore project in Belgium

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      Today there is information in the market regarding a MHI Vestas Offshore Wind project in Belgium.

      Vestas can confirm that Nobelwind and MHI Vestas Offshore Wind have entered into a conditional agreement regarding the 165 MW Nobelwind project in Belgium, comprising 50 V112-3.3 MW turbines.

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

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

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

      Download Company announcement (pdf)

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      16:10 - 06 Jan 2015

      Vestas upgrades free cash flow expectations for 2014 to approx EUR 850m

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      Based on preliminary reporting, Vestas upgrades the expectations for the 2014 free cash flow to approx EUR 850m compared to the previous expectation of EUR 400-700m. The improvement is primarily driven by a better-than-expected development of the net working capital.
       
      As earlier announced, the annual report for 2014 will be disclosed on 11 February 2015.

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

      Download company announcement (pdf)

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      14:30 - 02 Jan 2015

      Team Vestas Wind aiming to rejoin the Volvo Ocean Race

      Team Vestas Wind aiming to rejoin the Volvo Ocean Race

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      Having recovered the Vestas Wind in better-than-expected condition, Team Vestas Wind will repair the Volvo Ocean 65 at Persico Marine in Italy and plan to re-enter the race in Lisbon in late May.

      Just over one month after the Vestas Wind ran aground in the Cargados Carajos Shoals in the Indian Ocean, Vestas Wind Systems A/S together with sub-sponsor Powerhouse are proud to announce the return of our boat and nine-man crew to the 2014-2015 Race.

      “I am extremely proud to announce that Team Vestas Wind will be rejoining the race by repairing the boat,” says Morten Albæk, Vestas Chief Marketing Officer and CEO of Team Vestas Wind. “Vestas is a company that stands up to pressure.  We stick with it, we make comebacks. This has become a race for us to rejoin the race.”

      “Just like Team Vestas Wind, Powerhouse is also resilient, and we are more than ever committed to support and help the team to get back in the race” says Patrick Lammers, responsible for Powerhouse in RWE’s Retail Board.

      Initial concerns that returning to the race might not be possible were overcome when skipper Chris Nicholson returned to the reef with shore crew and a salvage team in mid-December to recover the boat and assessed that it was probably reparable.

      “We got the boat off the reef in better condition than we thought possible,” Nicholson said. “There are large portions of the deck that can be reused and a lot of other components within the structure. We'll rebuild our boat just as we rebuild our hopes and dreams.”

      The damaged boat has now arrived in Malaysia after being picked up by a Maersk Line container ship that diverted to the area of the crash site in December. A thorough assessment of the damage will now be carried out and the Volvo Ocean 65 will soon be on its way to join Team Vestas Wind’s shore and sailing crewmembers to begin repairs at Persico Marine in Italy.

      “Stakeholders including Maersk, Volvo Ocean Race, Powerhouse, and Team Alvimedica have displayed an amazing level of support,” reiterated Albæk. “Indeed, the generosity of all our fellow teams was instrumental in our decision to get back into the race.”

      “We will continue to promote our A race we must win campaign to combat energy poverty, climate change and water scarcity leading up to the COP Paris 2015 climate change conference. Although the schedule is short and every second counts, Vestas is known for overcoming big challenges. We now have the opportunity to perform one of the biggest comebacks in sailing and prove to the world what Vestas and Team Vestas Wind are capable of accomplishing.”

      Keep up-to-date with the latest progress on our boat and crew via our website and social media channels.

       

      For further information please contact:

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

       

      Download the press release (PDF) here

       

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    • 13:00 - 31 Dec 2014

      Vestas receives 73 MW order for unique project in Greece

      Vestas receives 73 MW order for unique project in Greece

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      Terna Energy flagship project to be located on uninhabited Agios Georgios island, off the coast of Attica, Greece; the onshore project has unique technical characteristics.

      The 73.2 MW order was placed by Terna Energy of Greece, a long-standing Vestas partner that has installed more than 350 MW in the country. The contract for the Agios Georgios wind power plant consists of nine V90-3.0 MW turbines and 14 V112-3.3 MW machines.

      The order also comprises supply, installation, and commissioning of the turbines as well as a five-year Active Output Management (AOM) 4000 agreement, a full-scope service package to maximise uptime and performance.  Turbine delivery is scheduled for the third quarter of 2015 and the wind power plant is expected to start production by end of the year and be fully commissioned in the second quarter of 2016.

      “The Agios Georgios wind farm will utilise the vast Aegean Sea wind resources to produce clean energy and transport it through a dedicated submarine cable connection to a major demand centre in Attica. This project demonstrates once again our deep commitment to the Greek wind energy market.  With this new order our long-lasting partnership with Vestas has taken another step forward”, says Manolis Maragoudakis, CEO of Terna Energy.

      Marco Graziano, President of Vestas Mediterranean, comments, “We feel particularly proud of this project.  Vestas has been present in Greece since 1986, but this new wind power plant represents a milestone in the country, as it involves challenges in terms of transportation and distribution that are typically more characteristic of offshore projects. This new order will consolidate our position in Greece and strengthen our relationship with Terna Energy”.

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

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 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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      11:10 - 31 Dec 2014

      Vestas receives 88 MW order in Chile

      Vestas has received a firm and unconditional order in Chile for 44 V110-2.0 MW turbines, with a total capacity of 88 MW.

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      Vestas has received a firm and unconditional order in Chile for 44 V110-2.0 MW turbines, with a total capacity of 88 MW.

      Additional information about the project

      Customer: Undisclosed at the customer’s request.
      Project name: Undisclosed at the customer’s request.
      Location/Country: Chile
      Number of MW: 88 MW
      Number of turbines/turbine type 44 x V110-2.0 MW
      Contract type: Supply-and-installation
      Contract scope: The contract comprises supply, installation and commissioning of the wind turbines, and a VestasOnline® Business SCADA solution.
      Time of delivery The wind power plant is expected completed in the first quarter of 2016.

      Total year-to-date announced order intake in MW: 5,791 MW, (see vestas.com/investor).

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

      Vestas 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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      22:23 - 30 Dec 2014

      EDF Renewable Energy completes master supply agreement with Vestas with order of 150 MW, and opens new agreement for up to 1 GW additional

      EDF RE orders 75 V100-2.0 MW turbines

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      EDF RE orders 75 V100-2.0 MW turbines

      With reference to Vestas Wind Systems A/S’ company announcement No. 49/2014 of 30 December 2014, Vestas has received a firm and unconditional order in the United States from EDF Renewable Energy for 75 V100-2.0 MW turbines. 

      With today’s announcement, Vestas and EDF RE close the books on their previous master supply agreement (ref. Vestas Wind Systems A/S’ company announcement No. 52/2013 of 20 December 2013). That agreement represented up to 1,174 MW of capacity, of which orders totalling 1,094 MW have been received, including today’s order for 150 MW.

      The order comprises supply and commissioning of the wind turbines, as well as a three-year Active Output Management (AOM 5000) service agreement. AOM 5000 includes an energy-based availability guarantee ensuring that turbines are operational when the wind is blowing.

      Turbine delivery is scheduled for the third quarter of 2016.

      Also today the two companies have initiated a new master agreement defining terms for up to 1 GW of future capacity, which will be installed in coming years. 

      In 2013, Vestas and EDF RE signed an ambitious master supply agreement laying out our partnership.  Today’s announcement will be the last under that productive umbrella agreement,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “But we’re not done yet.  EDF RE is one of the most successful renewable energy developers in the North American market, and this new agreement opens the door to our next gigawatt of continued collaboration in 2015 and beyond.” 

      Over 1 GW of new wind energy projects have materialized to date under the frame agreement EDF Renewable Energy and Vestas entered into in late 2013, significantly strengthening the partnership between our two companies in the process,” said Ryan Pfaff, Executive Vice President of EDF Renewable Energy.  “With the recent extension of the Production Tax Credit, we look forward to working with Vestas to bring additional, clean energy projects online in the US over the next few years.”

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Vestas sold its first wind turbines in the US in 1980, and established its North America subsidiary the following year.  As of the end of Q3 2014, Vestas had installed 11,879 MW in the US.  Approximately 3,000 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:
      Michael Zarin, Head of External Communications & Media Relations
      Tel: +45 4084 1526
      Email: mizar@vestas.com

      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 gigawatts of developed projects with 2.2 gigawatts of installed capacity. 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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      22:10 - 30 Dec 2014

      Vestas receives 150 MW order in the USA as part of turbine supply agreements with an additional potential of up to 1,000 MW

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      Vestas has received a firm and unconditional order in the USA for 150 MW under the EDF Renewable Energy master supply agreement announced in 2013 (ref. Vestas Wind Systems A/S’ company announcement No. 52/2013 of 20 December 2013). Further, EDF Renewable Energy and Vestas have initiated a new master agreement defining terms for up to 1 GW of future capacity which replaces the master supply agreement announced in 2013.

      Additional information about the project

      Customer: EDF Renewable Energy
      Project name: N/A
      Location/Country: USA
      Number of MW: 150 MW
      Number of turbines/turbine type 75 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines, as well as a three-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Turbine delivery of the 150 MW is scheduled for third quarter 2016.

      Total year-to-date announced order intake in MW: 5,703 MW, (see vestas.com/investor).

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

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

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      18:35 - 30 Dec 2014

      Vestas receives 60 MW order in the USA as part of a Master Supply Agreement with a potential of up to 600 MW

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      Vestas has received a firm and unconditional order in the USA for wind turbine equipment corresponding to 60 MW to secure access to the Production Tax Credit beyond 2014. This is part of a Master Supply Agreement (MSA) with the potential for up to 600 MW. The order has been received from SunEdison. The turbines in the new MSA will be deployed at various projects that are currently being developed.

      Additional information about the project

      Customer: SunEdison
      Project name: N/A
      Location/Country: USA
      Number of MW: Wind turbine equipment corresponding to 60 MW as part of a Master Supply Agreement with a potential of up to 600 MW.
      Number of turbines/turbine type Wind turbine equipment for both the Vestas 2MW and 3MW platforms.
      Contract type: Supply-only
      Contract scope: The MSA includes delivery of wind turbine equipment together with a 10-year Active Output Management (AOM) 5000 service agreement.
      Time of delivery Various

      Total year-to-date announced order intake in MW: 5,553 MW (see vestas.com/investor).

      Contact details

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

      Vestas-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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      15:30 - 29 Dec 2014

      Vestas receives 42 MW order in Italy

      Vestas receives 42 MW order in Italy

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      Vestas has secured an order for six V110-2.0 MW and nine V126-3.3MW turbines for the 41.7 MW Lacedonia wind power plant in the Campania region, south-western Italy.

      The order was placed by Alisea SRL, a subsidiary of the German-based BayWa AG. The contract comprises the supply, installation and commissioning of the 15 wind turbines as well as a 10-year full scope Active Output Management (AOM 5000) service agreement.

      Turbine delivery is expected in the third quarter of 2015, with commissioning by the fourth quarter of 2015. Once installed, the Lacedonia wind power plant will produce approximately 131,000 MWh per year, providing clean energy to more than 113,400 people in Italy.

      “At Vestas, we are committed to continuous improvements in technology, service and operational excellence to reduce the levelised cost of energy and make wind energy more competitive. This new order for the V110-2.0 MW and V126-3.3 MW turbines consolidates this market as a destination for the latest technological developments”, says Marco Graziano, President of Vestas Mediterranean.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 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:

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

      Vestas Italia’s headquarters and main sales office are located in Rome. The company also has an operations office in Taranto, a customer service centre in San Giorgio as well as service and logistics facilities spread all over the country and on the main islands. As of 30 September 2014, Vestas has installed 3,321 MW of wind capacity in the country.

      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

       

      Download the press release (PDF) here

       

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      20:35 - 19 Dec 2014

      MHI Vestas Offshore Wind has received a 258 MW order in the UK

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      MHI Vestas Offshore Wind has received a firm and unconditional order for 32 V164-8.0 MW turbines for the offshore Burbo Bank Extension project in Liverpool Bay in the UK, ref. company announcements No. 7/2014 of 18 February 2014 and No. 32/2014 of 21 August 2014. The 258 MW order is placed by DONG Energy, 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 value above DKK 1bn, ref. Vestas’ Communication Strategy.

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

      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

      Download company announcement (pdf)

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      17:02 - 19 Dec 2014

      Vestas wins 36 MW order in Poland, strengthening market-leading position

      Green Bear Corporation orders 12 V112-3.0 MW turbines for wind power project in Radzyn

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      Green Bear Corporation orders 12 V112-3.0 MW turbines for wind power project in Radzyn

      Vestas has received a firm and unconditional order for 12 V112-3.0 MW turbines for a wind power project to be located in northwestern Poland. The order was placed by Green Bear Corporation, an experienced developer on the Polish market.

      The wind turbine delivery is expected to begin in the second quarter of 2015 with commissioning expected to be completed in the third quarter of 2015. The contract includes supply, installation and commissioning of the 12 V112-3.0 MW turbines on 140m tower, including the option for an additional 13th turbine on 119m tower, along with a VestasOnline® Business SCADA solution and a 15-year service agreement (AOM 5000).

      We are pleased to have concluded the order of V112 turbines for our Radzyn project with Vestas with whom we have established a close cooperation. This wind farm demonstrates the commitment of Green Bear to develop high quality and innovative projects, as it will be the first 140 m towers to be installed in Poland”, states Jean-Claude Moustacakis, CEO of Green Bear Corporation.

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

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      Having been established in 2003, Vestas Poland employs more than 150 people fully dedicated to wind energy and to securing customers’ business case. In addition to our two offices in Szczecin and Warsaw, Vestas also operates 16 service hubs in Poland. Vestas has delivered about 570 wind turbines to the Polish market, totalling around 1,200 MW. Vestas has over 30 per cent market share of total installations in Poland.

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

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

      Download news release (pdf)

       

      Close article
      15:57 - 19 Dec 2014

      Vestas receives 34 MW order in Turkey

      Kangal Elektrik Uretim A.S, a subsidiary of Ece Tur Construction, has placed a 34 MW order to construct the second phase of the Kangal RES wind power plant in the Sivas province, Turkey.

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      Kangal Elektrik Uretim A.S, a subsidiary of Ece Tur Construction, has placed a 34 MW order to construct the second phase of the Kangal RES wind power plant in the Sivas province, Turkey.

      The firm and unconditional order comprises the supply and installation of 17 units of the V110-2.0 MW wind turbine corresponding to 34 MW. The contract also includes an eight-year full scope Active Output Management (AOM 4000) service agreement. Turbine delivery is scheduled for the third quarter of 2015, with commissioning expected in the fourth quarter of 2015.

      This is the second phase of Kangal Elektrik’s ambitious first wind project. The first phase, Kangal RES, is already operating with 22 V100-2.0 MW wind turbines providing green energy to approximately 227,000 people in Turkey. Once fully operational, the second phase of this project will provide additional electricity capacity to power approximately 200,000 people in the country.

      Wind energy is leading the way to a renewable energy future in Turkey. Vestas is proud to have installed nearly 800 MW of wind power capacity in this country. The Kangal RES II wind farm is another step forward to reducing greenhouse gas emissions and preventing the most severe impacts of climate change as well as lessening the dependency on energy imports”, states 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 Turkey
      Vestas has been the pioneer in the Turkish wind energy market since it started operating in the country in 1984. Employing more than 100 employees, Vestas Turkey has a sales office and three service and maintenance centers in Çatalca-İstanbul, Bandırma-Balıkesir and Hatay. Vestas’ installed capacity in Turkey is 792 MW.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

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

      Download news release (pdf)

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      06:05 - 15 Dec 2014

      Vestas’ financial calendar 2015

      The Vestas Group’s financial calendar for 2015.

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      The Vestas Group’s financial calendar for 2015 is as follows:

      11 February 2015
      Disclosure of annual report 2014 and outlook for 2015

      13 February 2014
      Deadline for the company’s shareholders to submit a written request to the Board of Directors that a certain subject be included in the agenda for the Annual General Meeting

      2 March 2015
      Convening for the Annual General Meeting

      30 March 2015
      Annual General Meeting in Aarhus, Denmark

      6 May 2015
      Disclosure of interim financial report for Q1 2015

      19 August 2015
      Disclosure of interim financial report for Q2 2015

      5 November 2015
      Disclosure of interim financial report for Q3 2015


      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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      23:05 - 11 Dec 2014

      Vestas receives order for largest wind power plant in Africa

      Vestas has received an order for 365 V52-850 kW turbines for the 310 MW Lake Turkana Wind Power project in Kenya.

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      Vestas has received an order for 365 V52-850 kW turbines for the 310 MW Lake Turkana Wind Power project in Kenya.

      Vestas has received an order for 365 V52-850 kW turbines for the 310 MW Lake Turkana Wind Power project in Kenya. The order is the largest in Vestas’ history in terms of number of wind turbines in a single project.

      With reference to Vestas Wind Systems A/S’ company announcement No. 45/2014 of 11 December 2014, Vestas has received a firm and unconditional order in Kenya for 365 V52-850 kW turbines corresponding to 310 MW. The order was placed by Lake Turkana Wind Power Ltd. and is expected to be Africa’s largest wind power plant when complete. The wind power plant will save Kenya approximately EUR 150m in fuel imports every year.

      The order comprises supply, installation, and commissioning of the wind turbines as well as a 15-year Active Output Management (AOM 4000) service agreement. The logistically complex project is expected to be complete in 2017.  

      “We are very pleased to continue this great journey with Vestas as we progress toward our aim of reducing Kenya’s need for hydro and expensive fossil fuel-based power generation. We want to ensure that Kenya has access to low and consistent power prices, and with the Lake Turkana Wind Power Project, we can do that,” says Mugo Kibati, Chairman of Lake Turkana Wind Power Ltd.  

      “Lake Turkana Wind Power Ltd. has made a historic commitment to a clean energy future for Kenya, and we are very proud to play an active role in bringing to life Africa’s largest wind power plant,” says Christoph Vogel, President of Vestas Central Europe. “Eastern and southern Africa are key markets for Vestas, and the Lake Turkana project will establish Kenya among the continent’s wind energy leaders.”  

      Ideal for wind power
      With average wind speeds in excess of 11 m/s, the Lake Turkana project will add 310 MW of clean, reliable electricity capacity to the Kenyan national grid. The project will generate more than 1,400 GWh of power per year, equivalent to approximately 15 per cent of the country’s current electricity consumption. Located approximately 1,200 km from the Kenyan port of Mombasa and requiring the building more than 420 km of transmission lines to reach the Kenyan national electricity grid, the Lake Turkana project is expected to become Africa’s largest wind farm upon completion. 

      About Lake Turkana, Kenya
      The project site is at an elevation of 450m, near the shore of Lake Turkana. The area around the site has a unique geographical phenomenon with strong, predictable wind streams between the desert hinterland and Lake Turkana. The project site was selected for its world-class wind resources as well as its sparse population. 

      Learn more about Lake Turkana Wind Power Ltd. by visiting www.ltwp.co.ke

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

      About Vestas
      Vestas has installed wind turbines in several African countries including Cape Verde, Egypt, Morocco and South Africa, the latter of which is the largest wind market in Africa. Vestas holds a leading position in South Africa with more than 140 MW already installed. Vestas also installed 14 V52-850 kW turbines in Kenya in 2009.

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 turbines currently reduces carbon emissions by more than 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas operates in 73 countries, providing jobs for over 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy. 

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

       

      Download news release (pdf) 

       

       

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      23:00 - 11 Dec 2014

      Vestas receives 310 MW order in Kenya

      Vestas has received a firm and unconditional order for 365 V52-850 kW turbines for Kenya.

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      Additional information about the project

      Customer: Lake Turkana Wind Power Ltd.
      Project name: Lake Turkana
      Location/Country: Kenya
      Number of MW: 310 MW
      Number of turbines/turbine type 365 V52-850 kW turbines
      Contract type: Supply-and-installation
      Contract scope: Supply, installation, and commissioning of the wind turbines as well as a 15-year service agreement (AOM 4000).
      Time of delivery Installation of the wind turbines is expected to begin in the first half of 2016 and the wind power plant is expected to be commissioned in the second half of 2017.

      Total year-to-date announced order intake in MW: 5,381 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

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

      Download company announcement (pdf)

       

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      20:35 - 09 Dec 2014

      Court approval of proposed settlement of US class action

       The United States District Court, Portland Division, has now approved the proposed settlement. This settlement will become final 30 days after the court approval unless the approval is appealed.

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      Court approval of proposed settlement of US class action

      On 21 March 2011, Vestas disclosed that a lawsuit had been filed as a class action in a US court against Vestas Wind Systems A/S, its US subsidiary and certain officers and directors, ref. company announcement No. 8/2011 of 21 March 2011. In company announcement No. 25/2014 of 26 June 2014, Vestas announced that a conditional settlement of this dispute had been reached. As part of this settlement, the claims against the individual officers and directors were also dropped.

      The settlement consists of a cash payment of USD 5m to the plaintiffs, and this amount will be paid in its entirety by Vestas’ insurer.

      The United States District Court, Portland Division, has now approved the proposed settlement. This settlement will become final 30 days after the court approval unless the approval is appealed.

      One of the allegations raised by the plaintiffs was that Vestas’ share price had been inflated during the class period due to misstatements and omissions in relation to the company’s accounting for supply-and-installation contracts under IFRIC 15. Vestas expressly denies all allegations in the lawsuit and maintains that its disclosures to the public were appropriate at all times. Vestas therefore does not concede any wrongdoing or liability in relation to the claims raised against it. Nevertheless, it has been deemed desirable for Vestas to resolve the claims in order to end the substantial expenses, burdens and uncertainties associated with continued litigation in the USA.

      The settlement relates only to purchases of American Depositary Receipts and ordinary shares bought in US domestic transactions during the US class period commencing 11 February 2009 and ending 9 February 2012. The settlement does not affect other transactions or the lawsuit that was filed in the City Court of Aarhus by 87 shareholders in August 2013, ref. company announcement No. 35/2013 of 16 August 2013.

       

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

      Download company announcement

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      12:00 - 08 Dec 2014

      Vestas calls on the EU leaders to ramp up wind in the European Energy Union

      Vestas calls on the EU leaders to ramp up wind in the European Energy Union

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      Tomorrow, EU energy ministers meet in Brussels to discuss the internal energy market. The first blueprint of an EU Energy Union will be presented in early 2015, with the goal of addressing one of Europe’s key challenges: energy security. Vestas believes that wind energy should be an integral part of an Energy Union on par with other solutions to reduce energy imports and increase energy security.

      EU economies are heavily exposed to fuel price volatility and vulnerable to supply disruptions. In 2012, energy imports cost EU citizens € 587 billion representing 54 per cent of EU total energy needs. Within the coming years hundreds of GW of large thermal power plants in EU will be due for retirement. Meanwhile, the EU has two other significant challenges ahead; stimulate growth and combat climate change.

      • Wind energy can be ramped-up within a short timeframe and provide endless and clean energy:  A 30 turbine wind farm can be manufactured and built in 18 months and bring power to 65,000 European households.
      • Wind brings growth and European technology leadership: 250,000 people are today directly working in the European wind industry. Six of the global top 10 wind turbine manufacturers are European.
      • Wind energy is affordable: Onshore wind is today approaching the cost of coal. Huge efforts have been made to reduce cost by a combination of performance improvements, cost reduction and maturing the supply chain. This will continue.

      “Europe needs an Energy Union that builds on affordable home grown and clean energy sources. Wind is the natural choice. That is why we support the unified European wind industry’s position paper on the Energy Union”, says Vestas CEO Anders Runevad.

      See more here.

      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 52,700 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 19,300 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 64 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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      16:30 - 30 Nov 2014

      Team Vestas Wind crew safe and now on dry land after boat runs aground off Mauritius

      Team Vestas Wind crew safe and now on dry land after boat runs aground off Mauritius

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      The nine-member crew safely abandoned the boat overnight; rescued from the reef by nearby island coast guard boat.

      The Team Vestas Wind boat ran aground on a reef late Saturday off the island of Mauritius.  All nine crew members are now safe and on dry land after deciding to abandon the boat overnight. Luckily, no one from the crew was injured in the incident, which occurred from 1510 UTC on Saturday when their Volvo Ocean 65 hit the reef in Cargados Carajos Shoals, Mauritius.

      “Since we were informed of the incident, the safety of the crew has been the first and only priority.  The Vestas VOR team remained in constant contact with Race Control at Volvo Ocean Race in Alicante, Spain and with the families of the crew members. Our skipper, Chris Nicholson, and the rest of the crew handled this extremely difficult situation with poise and professionalism.  We express our gratitude to the Volvo Ocean Race organization, which has provided every conceivable support throughout the night.  We also thank our colleagues on the Alvimedica race team for their support and outstanding professionalism during the rescue operations”, says Morten Albæk, Vestas Chief Marketing Officer.

      Both rudders were broken in the accident, and there is damage to the stern, which was being beaten badly by the waves as it was stuck on the reef with the bow facing the ocean. The boat was taking on water in the stern.  A team led by the Vestas shore crew is now en route to Mauritius to further assess the damage to the boat.

      “The root cause of the accident is now under investigation. At this point, we can’t comment on the consequences regarding Team Vestas Wind’s continued participation in the Volvo Ocean Race, but we obviously hope to stay in the race. We will share more information as it becomes available”, says Morten Albæk.

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

      About Team Vestas Wind
      For more information about Team Vestas Wind, we encourage you to follow the Team on our social media channels:

      Facebook:  https://www.facebook.com/teamvestaswind
      Twitter:   https://twitter.com/TeamVestasWind
      LinkedIn:  https://www.linkedin.com/company/teamvestaswind
      Instagram:  http://instagram.com/teamvestaswind
      YouTube:  http://www.youtube.com/user/teamvestaswind

      Download the press release (PDF) here

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      23:30 - 29 Nov 2014

      Vestas Wind Systems A/S statement on behalf of Team Vestas Wind

      Vestas Wind Systems A/S statement on behalf of Team Vestas Wind

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      At 1510 UTC, Saturday, November 29, Team Vestas Wind informed Volvo Ocean Race Race Control that the Vestas Wind was grounded on the Cargados Carajos Shoals, Mauritius, in the Indian Ocean. Fortunately, no one has been injured.

      The crew has informed us that it is currently grounded on a reef but nobody is injured. Vestas’ top priority is to make sure the crew is safe.

      For more information, please refer to: http://bit.ly/1rHO69A

      For further information from Vestas Wind Systems A/S, please contact:
      Michael Zarin
      Head of External Communications & Media Relations
      Tel: +45 4084 1526

      Email: mizar@vestas.com

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      10:30 - 26 Nov 2014

      Vestas secures 49 MW order in the Dominican Republic

      Vestas secures 49 MW order in the Dominican Republic

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      Vestas has received an order for 15 V112-3.3 MW turbines for the 49.5 MW Larimar wind power plant in Enriquillo, Dominican Republic. This is the second order in Latin America that Vestas has received from Spain-based Grupo Cobra since September 2014.

      The 15 wind turbines for this supply-only contract are expected to be delivered in the second quarter of 2015 and commissioned by the first quarter of 2016. Once installed, the Larimar wind power plant will produce approximately 227,000 MWh per year, providing green energy to more than 62,000 people in the Dominican Republic.

      The Dominican Republic is betting on wind energy to reduce its dependence on fossil-fuel imports to generate electricity.  In 2011, Vestas installed the first large-scale wind power plant (Juancho Los Cocos) in the country. With this new order, Vestas will maintain its market leadership position in the Dominican Republic.

      Pedro Cuevas, Executive Director at Grupo Cobra, states that “We are delighted to have strengthened our partnership with Vestas through this new deal. We expect the Larimar wind power plant to take wind energy a step further in this country, and we are convinced that Vestas’ contribution in offering the best in class energy solutions will pave the way for more projects to come”.

      “We welcome this new order from Grupo Cobra, which enables us to further consolidate our presence in the Dominican Republic, where Vestas installed the country’s first large-scale wind farm in 2011”, 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 52,700 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 19,300 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 64 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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      09:00 - 25 Nov 2014

      Vestas strengthens its market-leading position with a 46 MW order in Sweden

      Vestas strengthens its market-leading position with a 46 MW order in Sweden

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      BlackRock-managed fund orders 14 V126-3.3 MW turbines for a wind power project in Småland developed by Arise Windpower.

      Vestas has received a firm and unconditional order for 14 V126-3.3 MW turbines for a wind power project in Sweden. The wind power plant Brotorp, with a total capacity of 46.2 MW, will be installed in Småland in the municipality of Mönsterås. Turbine delivery is planned to begin in the third quarter of 2015 with commissioning expected completed in the fourth quarter of 2015.

      Once completed, the Brotorp wind power plant will provide enough electricity to cover the residential electricity consumption of more than 25,000 households in Sweden.

      The contract includes supply, installation and commissioning of the 14 V126-3.3 MW turbines, along with a VestasOnline® Business SCADA solution and a 10-year full-scope service package (AOM 5000).  AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing.

      “Brotorp is our first investment in Sweden and it is a good opportunity for us to further extend our cooperation with Vestas as it is in a market where Vestas has a well-established footprint”, says Rory O’Connor Managing Director of BlackRock Renewable Power.

      Peter Nygren, CEO of Arise Windpower mentions: “Choosing Vestas for the Brotorp site feels like a secure and natural extension to our mutual cooperation and the V126-3.3MW turbine will be a good introduction of the larger rotor”.

      “Vestas’ track record and technology means we can offer our customers a strong business case for their wind power plants”, states Klaus Steen Mortensen, President of Vestas Northern Europe. “The order is of multiple strategic value as it constitutes our first order in Sweden with BlackRock Renewable Power and also involves our long-term partner Arise Windpower. We are now eager to get things started and enter into execution phase of the project”.

      Today, Vestas has delivered about 1,500 wind turbines, totalling more than 2,400 MW, to Sweden.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

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

      Download the press release (PDF) here.

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      13:00 - 20 Nov 2014

      Vestas stages flash mob in Cape Town harbor to raise awareness for world’s critical energy challenges

      Vestas stages flash mob in Cape Town harbor to raise awareness for world’s critical energy challenges

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      Volvo Ocean Race leg start taken over by children’s choir demanding action on climate change, energy poverty and water scarcity.

      In an exceptional call for action, Vestas Wind Systems (CPH:VWS) executed a surprise stunt during the leg start of the Volvo Ocean Race in Cape Town yesterday evening. A flash mob of more than a dozen boats, one of which carried a South African children’s choir, demanded action on the critical energy challenges the world is facing today: climate change, energy poverty and water scarcity. Shortly before the race started, the choir staged a surprise performance of the world premier of the song “The Ocean” by up-and-coming artist Volunteeer.

      Team Vestas Wind’s skipper, Chris Nicholson, signaled the choir to kick off the performance by passing the ensemble with his boat as he and his crew set off to Abu Dhabi. The flash mob included almost one hundred South African children from townships around Cape Town.

      “Energy is the key challenge of the 21st century,” Morten Albæk, Vestas’ CMO and Group Senior Vice President said. “Vestas is dedicating its participation in the Volvo Ocean Race to raise awareness about the critical energy choices the world is facing – and the fact that wind energy is part of the solution.”

      Part of a broader effort to tackle climate change, energy poverty and water scarcity, Vestas is undertaking a campaign, “A Race We Must Win,” to demand action from world leaders in the run-up to the COP21 meeting in Paris one year from now. 

      “In light of the risk of catastrophic climate change, 1.3 billion people living without reliable access to electricity, and 56% of available fresh water resources consumed by electricity production, we saw children today demanding a better future. Energy has a key role in this, and that’s the bigger race we must win,” Albæk added.

      Vestas launched the campaign at the Volvo Ocean Race’s kick-off in Alicante in October of this year, calling for a broad coalition to tackle the three energy-related challenges. The company is advocating for a price on carbon to reduce greenhouse gas emissions, the deployment of sustainably powered mini-grids to provide energy for currently underserviced communities, and the reduction of energy-related water use.

      A video of yesterday’s happening in Cape Town can be seen below:

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

      We invite you to follow Team Vestas Wind’s progress throughout their journey on http://aracewemustwin.com/, and via our Social Media channels:

      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.We invite you to follow Team Vestas Wind’s progress throughout their journey on , and via our Social Media channels: Facebook: Twitter: LinkedIn: Instagram: YouTube:

      For more information, please contact:
      Morten Kamp Jørgensen
      Director, Communication & PR, Team Vestas Wind
      Global Marketing, Communication & Corporate Relations
      Vestas Wind Systems A/S
      Mobile: +45 2237 1433
      E-mail: mokjo@vestas.com

      Download the press release (PDF) here 

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      16:30 - 19 Nov 2014

      Vestas secures 42 MW order in Croatia, for first V112-3.0 MW wind power plant in the country

      Vestas secures 42 MW order in Croatia, for first V112-3.0 MW wind power plant in the country

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      Vestas has received a 42 MW order from Akuo Energy for 14 units of the V112-3.0 MW wind turbine for the Ogorje wind power plant in Croatia. This will be the first V112-3.0 MW wind power plant to be installed in the country.

      Delivery of the turbines is scheduled for the third quarter of 2015 and the wind power plant is expected to be installed by the end of the same year.

      The contract for the Ogorje wind power plant comprises delivery, transportation, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 10-year Active Management Output (AOM) 4000 service agreement. The AOM 4000 is a full-scope service contract, consisting of scheduled and unscheduled maintenance and consumables, which offers solid risk management for customers who want an availability guarantee measured against an agreed threshold. This type of contract offers customers assured performance avoiding unforeseen operational costs of any kind.

      The order has been placed by Aiolos Projekt d.o.o., a company majority owned by Akuo Energy, which is a private French Group specialized in the development of industrial power production plants from renewable resources such as wind, sun, water, biogas, biomass and biofuel, with wind power representing 85 per cent of the Group’s activities.

      Eric Scotto, Chairman of Akuo Energy, says: “To complete the funding of such a great project, the Ogorje wind farm, in a new country for us that is Croatia, is a fantastic new achievement for Akuo Energy. Croatia shows a buoyant potential in terms of renewable resources and we are convinced this project paves the way for many more in this country. To support this growth, we need sound partners able to understand our needs and provide the best of the technology regarding the project’s specific features. Vestas is definitely one of them and we are delighted to strengthen once more our partnership”.

      “Akuo Energy is an important customer and we are glad that they have chosen Vestas again. This project will help Croatia, the newest EU member, to reach its RES targets and tap into the country’s wind energy potential”, says Dr. Christoph Vogel, President of Vestas Central Europe.

      The wind power plant will produce more than 100,000 MWh per year, which corresponds to enough electricity to cover the residential electricity consumption of more than 31,000 Croatian households.

      About Akuo Energy
      Akuo Energy is a private French producer of electricity from renewable energy. Akuo Energy develops, finances, builds and operates a range of electrical power plants. The Group has a foothold in 10 countries: France, Uruguay, Poland, Croatia, Serbia, Turkey, Montenegro, Indonesia, Morocco and the USA. Akuo Energy has 39 electrical plants in operation for 340 MW and 2,800 MW under development.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      For more information, please contact:
      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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      22:48 - 14 Nov 2014

      Vestas receives 200 MW order in Minnesota

      Odell Wind Farm LLC orders 100 V110-2.0 MW turbines for the Odell project.

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      Odell Wind Farm LLC orders 100 V110-2.0 MW turbines for the Odell project.

      With reference to Vestas Wind Systems A/S’ company announcement No. 43/2014 of 14 November 2014, Vestas has received a firm and unconditional order in the United States for 100 V110-2.0 MW turbines corresponding to 200 MW. The order was placed by Odell Wind Farm LLC, a joint venture between Algonquin Power Co. and a third party.

      The order comprises supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 5000) service agreement. AOM 5000 includes an energy-based availability guarantee ensuring that turbines are operational when the wind is blowing.

      Today’s announcement adds to the relationship between Vestas and Algonquin.  Previously, Vestas supplied V82-1.65 MW turbines to the St Leon project in Manitoba and the Red Lily project in Saskatchewan. 

      We are excited to build yet another successful project with Algonquin, this time using our V110-2.0 MW turbine,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “With today’s order, we have announced almost 1,500 MW of orders in the US and Canada for the V110 machine, which has rapidly become our flagship in the North American market, and the industry standard for providing reliable energy at a competitive cost over its full operating life.”

      In 2014 to date, Vestas has received orders representing approximately 2.0 GW in the USA.  Since the beginning of 2013, Vestas has also entered into master supply agreements with various customers in that market totalling approximately 3.3 GW, under which approximately 2.3 GW of capacity has been utilized. 

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,700 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 19,300 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 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

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

      Download news release (pdf)

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      22:40 - 14 Nov 2014

      Vestas receives 200 MW order in Minnesota

      Vestas has received a firm and unconditional order in the United States for 100 V110-2.0 MW turbines, corresponding to 200 MW.

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      Vestas has received a firm and unconditional order in the United States for 100 V110-2.0 MW turbines, corresponding to 200 MW.


      Additional information about the project

      Customer: Odell Wind Farm LLC
      Project name: Odell
      Location/Country: Minnesota, USA
      Number of MW: 200 MW
      Number of turbines/turbine type 100 x V110-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines, as well as a 10-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery expected to begin in the third quarter of 2015, and commissioning expected to be completed before end 2015.

      Total year-to-date announced order intake in MW: 4,934 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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      10:00 - 13 Nov 2014

      Vestas wins 52 MW China order

      Vestas wins 52 MW China order

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      Strong performance of Vestas turbines bolsters customer’s business case.

      Inner Mongolia Huitong Energy Zhuozi Wind Power Company Ltd. (hereinafter called Huitong) has signed a firm and unconditional order with Vestas to provide 26 V80-2.0 MW turbines, which will be installed at the Bayinzile wind farm located in the Wulanchabu area of Inner Mongolia as part of the phase II project. 

      Huitong’s cooperation with Vestas began in 2010 when Vestas provided 24 V80-2.0 MW turbines for the Bayinzile phase I project. Having achieved very favorable performance results during the initial warranty period, Huitong renewed the service agreement with Vestas in 2013, for another two-year period. 

      “We welcome the confidence and trust that Huitong places in Vestas and our turbines. The strong and steady performance of Vestas turbines is a key factor in our winning this new order from Huitong. This could not have happened without our dedicated service team, our focus on continuous technological improvement and our data management capabilities. We look forward to continued cooperation with Huitong to maximise the energy production and revenue generation from their wind power investment”, says Chris Beaufait, President of Vestas Asia Pacific and China.

      “Hard capabilities and soft capabilities are equally important to us when we choose a business partner. In our way to build Huitong into a scalable and influential listed energy company with core business focus on wind energy, I believe Vestas is a partner that can help us to achieve a steady return of investment”, says Mr. Zheng Shu Chang, Chairman of the Board of Huitong.

      The contract includes supply, erection, supervision and commissioning of the wind turbines, a VestasOnline® Business SCADA system and a two-year service and maintenance agreement. Delivery of the turbines is expected during the third quarter of 2015.

      For more information, please contact:

      Press & Communication Officer Karen Chen, Vestas Asia Pacific and China
      Tel: +86 10 5804 1330
      Mobile: +86 1381 012 3389
      Email: jihce@vestas.com

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 2,000 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs and control systems. As of September 30, 2014, Vestas has installed more than 4,500 MW in China. You can learn more about Vestas China at www.vestas.cn

      Globally, Vestas has installed more than 52,700 wind turbines, reducing 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 19,300 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 64 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 here (PDF)

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      08:35 - 07 Nov 2014

      Interim financial report, third quarter 2014

      Outlook for 2014: Expectations to revenue, EBIT margin before special items and cash flow all upgraded. Third quarter 2014 was characterised by strong operational performance and high activity levels, leading to increases in both EBIT level and cash flow compared to the third quarter of 2013.

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      Outlook for 2014: Expectations to revenue, EBIT margin before special items and cash flow all upgraded. Third quarter 2014 was characterised by strong operational performance and high activity levels, leading to increases in both EBIT level and cash flow compared to the third quarter of 2014.


      In the third quarter of 2014, Vestas generated revenue of EUR 1,813m – an increase of 26 per cent compared to the third quarter of 2013. EBIT before special items increased by EUR 96m to EUR 163m primarily due to higher volume and to a lesser extent also caused by improved average margins. The EBIT margin before special items was 9.0 per cent. The net result increased by EUR 189m to EUR 102m and the free cash flow increased by EUR 49m to EUR 105m compared to the third quarter of 2013.

      The intake of firm and unconditional wind turbine orders amounted to 1,170 MW in the third quarter of 2014 – a decrease of 24 per cent compared to the third quarter of 2013. However, year-to-date, order intake is up by 458 MW, or an increase of 12 per cent compared to last year. The value of the wind turbine backlog amounted to EUR 6.7bn at 30 September 2014, which is a decrease of 9 per cent compared to same time last year. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of EUR 6.7bn at the end of September 2014, compared to EUR 6.1bn at the end of September 2013. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at EUR 13.4bn at 30 September 2014.

      Vestas upgrades the 2014 guidance on revenue from minimum EUR 6bn to EUR 6.4bn-7.0bn. EBIT margin guidance before special items is upgraded from minimum 6 per cent to 7-8 per cent and guidance on free cash flow is upgraded from minimum EUR 300m to EUR 400m-700m. The upgrades are based on the expected delivery plan for the remainder of the year and an improved cost base.

      Group President & CEO Anders Runevad said: ”The third quarter of 2014 continued the trend with improvements in several operational areas and thus highlights that execution remains on track for our strategy, Profitable Growth for Vestas. Based on the expected delivery plan for the remainder of the year and the improved cost base, we raise our guidance on revenue, EBIT and cash flow.”

      Q3 at a glance (compared to Q3 2013)

      - 24%  Vestas had an order intake of 1,170 MW 
      ‒ a decrease of 24 per cent
      + 36%

      Vestas produced and shipped 2,183 MW
      ‒ an increase of 36 per cent

      + 43%

       Vestas delivered wind power systems with an aggregate capacity of 1,682 MW
      ‒ an increase of 43 per cent

      + 26% Vestas generated revenue of EUR 1,813m
      ‒ an increase of 26 per cent
      + 11 % Onshore service revenue amounted to EUR 235m
      ‒ an increase of 11 per cent
      + EUR 96m

      EBIT before special items amounted to EUR 163m
      ‒ an increase of EUR 96m

      + EUR 189m

      Net profit amounted to EUR 102m
      ‒ an increase of EUR 189m

      + EUR 49m

      Vestas realised a free cash flow of EUR 105m
      ‒ an increase of EUR 49m

      + 12% The number of employees at the end of the quarter was 19,324
      ‒ an increase of 12 per cent
      - 1% points Renewable energy amounted to 66 per cent of the total energy consumption
      ‒ a decrease of 1 percentage points
      - 22% Incidence of lost time injuries per one million working hours was 1.4
      ‒ a decrease of 22 per cent

      Press and analyst information meeting
      For analysts, investors and the media, an information meeting will be held today, Friday 7 November 2014 at 10 a.m. CET (9 a.m. BST) at

      Radisson Blu Royal Hotel, Copenhagen
      Hammerichsgade 1
      1611 Copenhagen V
      Denmark

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

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

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

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

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

      Download the interim financial report for Q3 2014 (pdf)

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      21:18 - 06 Nov 2014

      Vestas receives 200 MW order in Texas

      First Wind orders 100 V100-2.0 MW turbines for the South Plains project in Texas, expanding its relationship with Vestas.

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      First Wind orders 100 V100-2.0 MW turbines for the South Plains project in Texas, expanding its relationship with Vestas.

      With reference to Vestas Wind Systems A/S’ company announcement No. 41/2014 of 06 November 2014, Vestas has received a firm and unconditional order in the United States for 100 V100-2.0 MW turbines corresponding to 200 MW. The order was placed by First Wind. 

      The order comprises supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM 5000) service agreement. AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing.

      The order is in addition to the 718-MW master supply agreement announced in December of 2013 by First Wind and Vestas. 

      Today’s announcement adds to the turbine models that First Wind has purchased from Vestas, which now include the V100-1.8 MW, the V100-2.0 MW, the V110-2.0 MW and the V112-3.0 MW, in each case accompanied by 10-year service agreements. 

      South Plains is the fifth project Vestas has announced with First Wind since 2011. That record speaks to the depth and strength of the relationship between our two companies,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Each wind project is different, and we have worked hard to bring the right technical and business solutions to each of First Wind’s developments. We’re very pleased to support First Wind’s success in the U.S.

      The South Plains announcement brings Vestas’ announced orders in Texas in 2013 and 2014 to almost 1,500 MW, in addition to more than 1,200 MW of Vestas turbines already in operation in this state.   

      "We're pleased to be moving forward with the South Plains project and are glad to be continuing our relationship with Vestas," said First Wind CEO Paul Gaynor. "Our partnership with Vestas has been successful to date at other projects across the country and we’re confident that will be the case here as well.  As we move ahead with our second project in Texas, we’re looking forward to investing in the local economy and delivering competitively-priced clean energy to Texas homes and businesses.” 

      South Plains is projected to produce enough emissions-free electricity to power more than 62,000 US homes. The project should be completed and online by the end of 2015.      

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

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

      About First Wind
      First Wind is an independent renewable energy company exclusively focused on the development, financing, construction, ownership and operation of utility-scale renewable energy projects in the United States.  Based in Boston, First Wind is operating or building renewable energy projects in the Northeast, the West and Hawaii, with combined capacity of nearly 1,300 MW – enough to power more than 375,000 homes each year.  For more information on First Wind, please visit www.firstwind.com or follow us on Twitter @FirstWind.

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

      John Lamontagne, First Wind
      Tel:  617-960-9521
      E-mail:  jlamontagne@firstwind.com

      Download news release (pdf)

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      21:07 - 06 Nov 2014

      Vestas receives 200 MW order in Texas

      Vestas has received a firm and unconditional order in the United States for 100 V100-2.0 MW turbines corresponding to 200 MW.

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      Vestas has received a firm and unconditional order in the United States for 100 V100-2.0 MW turbines corresponding to 200 MW.

      Additional information about the project

      Customer: First Wind
      Project name: South Plains
      Location/Country: Texas, USA
      Number of MW: 200 MW
      Number of turbines/turbine type 100 x V100-2.0 MW
      Contract type: Supply-only
      Contract scope: The order comprises supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM 5000) service agreement.
      Time of delivery Delivery expected to take place in late 2015.

      Total year-to-date announced order intake in MW: 4,116 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 xx 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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      16:31 - 06 Nov 2014

      Vestas receives 76 MW order in Poland

      PGE Energia Odnawialna S.A. places order for 38 V100-2.0 MW turbines for wind power project in the zachodniopomorskie voivodeship in Poland.

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      PGE Energia Odnawialna S.A. places order for 38 V100-2.0 MW turbines for wind power project in the zachodniopomorskie voivodeship in Poland.

      With reference to Vestas Wind Systems A/S’ company announcement No. 40/2014 of 6 November 2014, Vestas has received a firm and unconditional order for 38 V100-2.0 MW turbines. The wind power plant RESKO II, with a total capacity of 76 MW, will be installed in the zachodniopomorskie voivodeship. Turbine delivery is expected at the beginning of the third quarter of 2015, with commissioning expected to be completed late in the fourth quarter of 2015.  

      The contract includes supply, installation and commissioning of the 38 V100-2.0 MW turbines, along with a VestasOnline® Business SCADA solution and a two-year full-scope service agreement (AOM 4000).

      Vestas is extremely pleased that PGE Energia Odnawialna S.A. has placed this order with us”, states Klaus Steen Mortensen. He continues: “It is the best proof for Vestas to be selected as suppliers. This means that we are delivering a strong business case for the wind power plant investments.”

      Having delivered a cumulative total of about 540 wind turbines, totalling more than 1,100 MW, Vestas is the clear market leader 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 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Today, Vestas has installed turbines in 73 countries, providing jobs for approximately 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

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

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

      Download news release (pdf)

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      16:14 - 06 Nov 2014

      Vestas receives 76 MW order in Poland

      Vestas has received a firm and unconditional order for 38 V100-2.0 MW turbines for a project in Poland for a total capacity of 76 MW.

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      Vestas has received a firm and unconditional order for 38 V100-2.0 MW turbines for a project in Poland for a total capacity of 76 MW.

      Additional information about the project

      Customer: PGE Energia Odnawialna S.A.
      Project name: Resko II
      Location/Country: zachodniopomorskie, Poland
      Number of MW: 76 MW
      Number of turbines/turbine type 38 x V100-2.0 MW
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the turbines. In addition, a VestasOnline® Business SCADA solution and a two-year full-scope service agreement (AOM 4000).
      Time of delivery Delivery is expected to take place in third quarter 2015 and commissioning in fourth quarter 2015

      Total year-to-date announced order intake in MW: 3,916 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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      14:00 - 06 Nov 2014

      Positive start for Vestas in the Volvo Ocean Race

      Positive start for Vestas in the Volvo Ocean Race

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      Entering the race as the last boat in August, Skipper Chris Nicholson and his crew have done a tremendous job by finishing 4th with less than two weeks of training before the race start in Alicante one month ago.

      Team Vestas Wind was fighting for the podium at one stage during the leg. Skipper Chris Nicholson is satisfied with the performance: “It has been difficult and we have had a few weaknesses but that is natural when you enter a race like this so late with little time to prepare. Obviously, we were hoping we could hold on for 3rd place, but I think 4th place is a real credit to everyone involved”.

      “It’s been such a pleasure to work with both the sailing team and the Vestas team and we have a strong foundation to build on. The race goes on and we are only going to get better. For the next couple of days, I am really looking forward to spending some time with my family as it's been 3 month's since I saw them last time”, continues Nicholson.

      With  Table Mountain in Cape Town as a beautiful backdrop, Peter Wibroe, the young Danish trimmer and responsible for data processing on Team Vestas Wind, reflected on having completed Leg 1 in his first ever Volvo Ocean Race: "It has been a fantastic experience, and as a young sailor I have learnt so much from the more experienced guys. We're not there yet – we have a few thousand miles to go, so we can only get better!"

      To Vestas, the Volvo Ocean Race represents more than one of the world’s most challenging ocean races. It is also about what wind can power beyond the sails of the boats. “We are using the Volvo Ocean Race for an unprecedented metaphorical purpose, raising new awareness and generating new visibility for a race beyond sailing ; “A race we must win” – to help ensure a sustainable future for generations to come”, says Morten Albæk, Vestas Chief Marketing Officer.

      “I would like to congratulate Chris and the crew on a job well done. They had very little time to prepare for the race so they have done extremely well and I am very proud of the team. They deserve to spend some time with their families and then we’ll start preparing for leg 2”,

      We invite you to follow Team Vestas Wind’s preparation and progress throughout their journey on http://teamvestaswind.vestas.com, and via our Social Media channels: 

       

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

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

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

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

      Download this press release (PDF)

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      17:58 - 31 Oct 2014

      Vestas secures 66 MW order in Turkey

      With reference to Vestas Wind Systems A/S’ company announcement No. 39/2014 of 31 October 2014, Vestas has received a firm and unconditional order for 20 V126-3.3 MW turbines for the Suloglu wind power plant in Edirne, in western Turkey, for a total capacity of 66 MW.

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      With reference to Vestas Wind Systems A/S’ company announcement No. 39/2014 of 31 October 2014, Vestas has received a firm and unconditional order for 20 V126-3.3 MW turbines for the Suloglu wind power plant in Edirne, in western Turkey, for a total capacity of 66 MW.

      The order was placed by Steag GmbH, one of Germany’s largest electricity producers. The contract includes supply, installation, and commissioning of the wind turbines.  The contract also includes a 10-year full-scope AOM 4000 (Active Output Management) service and availability agreement to maximize the wind turbines’ performance and bolster the customer’s business case certainty.

      With its structural shell blades and a hub height of 117 meters, the V126-3.3MW is specifically designed to capture the full potential of low-wind sites. This is the first project in Turkey to utilize the V126-3.3 MW turbine and the fourth order Vestas has announced this year in Turkey.

      The wind turbines are scheduled to be delivered during the second quarter of 2015, with the power plant expected to be fully operational in the fourth quarter of 2015. Once completed, the Suloglu wind power plant will have a total estimated annual production of approximately 234,000 MWh, which will save the environment from over 107,600 tons of CO2 emissions on an annual basis. It will provide enough electricity to cover the residential electricity consumption of more than 40,000 people in Turkey.

      According to Marco Graziano, President of Vestas Mediterranean, “This project strengthens our position in Turkey and confirms our forward momentum in one of Vestas’ key markets. The Suloglu wind power plant marks another important milestone in Turkey’s developing wind energy market as well as our strong partnership with Steag GmbH.”

      For more information, please contact:

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

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

      About Vestas in Turkey
      Vestas has been operating in Turkey since 1984 when it installed the country’s first wind turbine. As of June 2014, Vestas has delivered 724 MW of wind power capacity to Turkey. In January 2008, Vestas established an office in Istanbul and has three warehouses and service locations in the country. Vestas has developed a top-class local value chain in Turkey – contributing to local jobs and local competencies and to the development of a strong network of local suppliers which can deliver components, products, spare parts and services.

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

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

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

      Download news release (pdf)

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      17:14 - 31 Oct 2014

      Vestas secures 66 MW order in Turkey

      Vestas has received a firm and unconditional order for 20 V126-3.3 MW turbines in Edirne, Turkey, for a total capacity of 66 MW.

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      Vestas has received a firm and unconditional order for 20 V126-3.3 MW turbines in Edirne, Turkey, for a total capacity of 66 MW.

      Additional information about the project

      Customer: Steag GmbH (Germany)
      Project name: Suloglu Wind Farm
      Location/Country: Edirne, Turkey
      Number of MW: 66 MW
      Number of turbines/turbine type 20 x V126-3.3MW
      Contract type: Supply-and-installation
      Contract scope: The contract includes supply, installation and commissioning of the turbines. In addition, a 10-year Active Output Management (AOM 4000) service & availability agreement is included.
      Time of delivery Deliveries to the project site will start in the second quarter of 2015 and the power plant is expected to be in commercial operation in the fourth quarter of 2015.

      Total year-to-date announced order intake in MW: 3,840 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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      10:30 - 31 Oct 2014

      Vestas wins service renewal deal for three Canadian projects

      Vestas wins service renewal deal for three Canadian projects

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      TransAlta Renewables Inc. renews service agreements with Vestas for 204 MW of capacity in Fort MacLeod – Pincher Creek area of Alberta

      Vestas has received a seven-year agreement to service the Ardenville, Blue Trail and Summerview II wind projects.  Located in the Fort MacLeod and Pincher Creek areas of Alberta, the three facilities total 68 V90-3.0 MW turbines. Vestas has serviced these projects since their initial operation in 2009 and 2010.  This agreement extends Vestas’ commitment to the projects through 2021. 

      The projects are owned by TransAlta Renewables, a division of TransAlta, a power generator and marketer of wholesale electricity with operations in Canada, the United States and Australia.  

      Vestas will deliver its comprehensive, full-scope AOM 5000 service package.  AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. 

      “By bundling together the service arrangements for these three projects, we can find synergies and efficiencies that allow us to lower the projects’ lifetime cost of operations,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “All together, TransAlta has more than 750 MW of Vestas turbines installed, and we’re very happy to continue our work with TransAlta on this new basis.” 

      About Vestas
      Since 1979, Vestas has supplied more than 52,000 wind turbines and over 62 GW in 73 countries – 52 percent more than its closest competitor. Vestas entered the U.S. market in 1981, selling its first wind turbine for a project in California. Since then, the company has delivered 12,667 turbines to the United States and 1,616 to Canada. Combined, Vestas’ installed capacity is 14,325 MW in 28 U.S. states and every Canadian province – enough to power about four million households. Of that, Vestas over 3 GW is installed in Canada.  Vestas employs about 17,500 people worldwide including about 2,500 throughout the United States and Canada at service and construction sites, sales offices, and at four manufacturing facilities in Colorado. Vestas’ U.S. and Canadian sales and service headquarters is in Portland, Oregon. 

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

      About TransAlta
      TransAlta Corporation is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta. It operates over 70 power plants in Canada, the United States and Australia. TransAlta operates geothermal, wind, hydro, natural gas and coal power generation facilities. The company has been recognized for its leadership on sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index and the Jantzi Social Index. TransAlta is Canada's largest investor-owned renewable energy provider.

      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 here (PDF)

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      13:30 - 29 Oct 2014

      Vestas receives 15-year service contract in Maine

      Vestas receives 15-year service contract in Maine

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      TransCanada renews its service agreement with Vestas for the 132 MW Kibby Wind project

      Vestas has received a 15-year agreement to provide its AOM 5000 service package to the Kibby Wind Project.  Located in Eustis, Maine, Kibby consists of 44 V90-3.0 MW turbines, originally installed in 2009. Vestas provided service to the project beginning with its initial operation; this agreement extends Vestas’ commitment to the project through year 20 of its operating life. 

      The project is owned by TransCanada, a major North American energy company based in Calgary, Alberta, developing and operating energy infrastructure in North America.

      Vestas will deliver a comprehensive, full-scope service package.  AOM 5000 is an energy-based availability guarantee that ensures the turbines are operational when the wind is blowing. 

      “This agreement shows the growing relationship between TransCanada and Vestas.  Our goal is to maintain a relationship with each wind project we supply throughout its full operating life, and we are pleased that TransCanada has given us this opportunity,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Today’s announcement also illustrates Vestas’ ongoing commitment to the Northeastern US and maritime provinces of Canada, where we have good customers and a critical mass of turbines under service.” 

      “TransCanada is pleased to be partnering with Vestas in the newly signed 15-year agreement,” says Joe Avery, Director of Energy Operations US Power. “Working together has allowed us to make the Kibby Wind Project a safe generating asset in the community.  We look forward to continuing this partnership with Vestas.”

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

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

      Download the press release here (PDF)

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      12:30 - 24 Oct 2014

      Vestas welcomes EU decision on a 27 per cent renewable energy target

      Vestas welcomes EU decision on a 27 per cent renewable energy target

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      EU agreement on 2030 energy and climate targets provides the policy clarity and market stability industry needs.

      Greater use of domestic renewable energy sources will reduce Europe’s dependence on imported fuels, which in turn will help insulate the EU against fuel price volatility and increase the EU’s security of energy supply.  Wind turbines, for example, use an abundant carbon-free resource, and once a wind farm is built, its operating costs are low, predictable and stable for up to 25 years.

      The energy and climate targets provide policy clarity and market stability, which enables further industrialization, technological developments and cost reductions. In other words, the EU agreement will help industry to continuously lower the cost of renewable energy.

      “The 27 per cent EU-level renewable energy target demonstrates a continued commitment to renewables in the EU,” says Vestas CEO Anders Runevad.  “And we acknowledge the Danish policy leadership that helped to secure this outcome.  In the absence of national binding targets, however, it is essential that a reliable governance system is developed to give confidence to investors that the target is truly binding.”

      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 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:  

      Download the press release here (PDF)

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      12:30 - 24 Oct 2014

      Vestas receives a 50 MW order in China

      Vestas receives a 50 MW order in China

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      Vestas has received a firm and unconditional order from Hanas, for a total capacity of 50 MW. This is the fourth order from Hanas in 2014.

      The Hanas order features 25 V100-2.0MW turbines to be installed in Ningxia, a province in the northwest of China, during the second quarter of 2015.

      President of Vestas Asia Pacific and China, Chris Beaufait, says: “We celebrate yet another order from long-time Vestas partner Hanas – the fourth order they have placed with us this year.  We have been working closely with Hanas for several years to provide them with products and solutions to match their on-site wind conditions and maximize their energy output.”

      Hanas is a privately held Chinese investment company. With today’s order, Vestas has secured firm and unconditional orders with Hanas totalling 600 MW since the first project in 2009, of which 200 MW have been secured in 2014.

      President of Hanas, Mr. Ma Fuqiang, says: “We have a strong commitment to wind energy, and we are looking for a long-term trusted partner who can help us achieve a good return on investment. That is why we have been partnering with Vestas for the past five years, and we are glad to continue our great collaboration.”

      The delivery of the 25 V100-2.0MW turbines will begin in March 2015, with installation expected to be completed in the second quarter of 2015. The order includes installation and commissioning supervision, a Vestas Online® SCADA system and a two-year AOM4000 service agreement.

      For more information, please contact:
      Karen Chen
      Tel: +86 10 5804 1330
      Mobile: +86 1381 012 3389
      Email: jihce@vestas.com

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs and control systems. As of June 30, 2014, Vestas has installed more than 4,300 MW in China.

      Globally, Vestas has installed more than 52,000 wind turbines, reducing 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 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Download the press release here (PDF)

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      16:30 - 22 Oct 2014

      Vestas at China Wind Power: New strategy, new turbines for the Chinese market

      Vestas at China Wind Power: New strategy, new turbines for the Chinese market

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      Vestas introduces newest turbine technology to China; latest variants of V110-2.0 MW and V100-2.0 MW and flexible service packages are key elements in achieving profitable growth in world’s largest wind energy market.

      Today in Beijing, global wind energy leader Vestas Wind Systems unveiled the two latest additions to its turbine technology portfolio for the China market. Vestas will now make available to customers in China its most technologically advanced variants in its highly proven 2 MW platform – the V110-2.0 MW and the V100-2.0 MW. In addition to this, Vestas has also announced it will introduce new tailor-made service packages and aftermarket solutions.

      For Vestas’ customers in China, the introduction of the company’s newest 2.0 MW turbine variants will mean lower lifetime costs of energy and greater business case certainty.  Built on technology that has been proven in the field for more than a decade, the V110-2.0 MW and the V100-2.0 MW provide industry-leading reliability, serviceability, and availability.  These wind turbines are well-suited for China’s low- and medium-wind sites. Vestas is firmly committed to low and ultra-low wind sites in China. These large rotor turbine variants are a first step towards a 2 MW portfolio customized to the Chinese low wind regime.

      Speaking in Beijing, Vestas Chief Executive Officer Anders Runevad says, “The introduction of the V110-2.0 MW and V100-2.0 MW is our most targeted response to date to the specific challenges and opportunities in the world’s largest wind energy market.”  Mr. Runevad continued, “We look forward to a new era in this strategically important market and will continue striving to create deeper and more extensive partnerships with our customers here by shaping our service and technology offerings to suit their needs.”

      Key features and benefits of V110-2.0 MW and V100-2.0 MW turbines

      • The new V110-2.0MW 110m rotor turbine variant is designed specifically for low wind sites with cut-in speeds starting at 3m/s, ideal for wind conditions in China. 
        On the V100-2.0 MW and the V110-2.0 MW, increased rotor sizes and upgrades to the turbines can enhance the AEP by up to 17% and 18% respectively, compared to previous versions in China.
      • OptiStopTM pitching control strategy ensures a gentle transition to turbine stop, reducing loads by up to 18 per cent allowing for a lighter structure translating into significant savings on certain components.
      • The 2 MW platform is highly proven. Since 2002, we have installed more than 13,000 turbines worldwide from our 2 MW platform
      • The 2 MW platform performs extremely well, with a global Lost Production Factor (LPF) of below 2 per cent (rolling, under service). 
      • In China, the 2 MW platform operates with an average LPF of 0.5% (rolling, under service).

      Flexible O&M Offerings
      In order to help customers maximize the energy output of existing and future fleets and reduce the risks they face, Vestas introduces tailor-made service packages along with aftermarket solutions. Tailor-made service packages will to a wider extent be designed in collaboration with our customers, rather than relying exclusively on standard service arrangements, introducing a degree of flexibility to better deliver on our customers’ business case.

      “The launch of the offerings at CWP signals a more extensive and deeper collaboration between Vestas and our partners in the Chinese market.” Chris Beaufait, President of Vestas Asia Pacific & China said, “By introducing our leading products and best-in-class operation and maintenance capabilities through long term partnerships in China, we can effectively support the development of wind energy in China, bringing renewable energy to millions of Chinese homes every day.” 

      Download the photos from the conference here:

        

        

      For more information, please contact:
      Press & Communication Officer Karen Chen,
      Vestas Asia Pacific and China
      Tel: +86 10 5804 1330
      Mobile: +86 1381 012 3389
      Email: jihce@vestas.com

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs and control systems. As of June 30, 2014, Vestas has installed more than 4,300 MW in China.

      Globally, Vestas has installed more than 52,000 wind turbines, reducing 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 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

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

      Download the press release here (PDF)

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      10:00 - 21 Oct 2014

      Vestas launches new China strategy

      Vestas launches new China strategy

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      Vestas announced today that it will introduce its most technologically advanced 2 MW variant turbines and new flexible service offerings to the Chinese wind market.

      Reinvigorating its long-standing commitment to China, Vestas announced today a new strategy to secure profitable growth in the world’s largest wind energy market.  The Chinese wind market is making a fundamental shift away from prioritising low upfront capital costs toward a focus on life-time cost of energy considerations.  Coupled with an additional shift toward low-wind sites, Vestas is well-positioned to succeed.

      Speaking in Beijing, Vestas CEO Anders Runevad says, “These changes in the China market play to Vestas’ core strengths in technology leadership and service innovation.  They create new opportunities for Vestas to lower the cost of energy and increase business case certainty for our customers.”  He continues, “As world market leaders, we are well-positioned and equipped to support these developments.”

      Vestas is introducing to China its newest and most technologically advanced 2 MW variants – the V110-2.0 MW and the V100-2.0 MW, both of which are ideally well-suited for low- and medium-wind sites.  Additionally, Vestas is initiating a new and more flexible approach to servicing its customers’ turbines, allowing for tailor-made service packages to be designed in close collaboration with our customers.

      According to Chris Beaufait, President of the Vestas Asia Pacific and China, “The new approach to collaboration in China will accelerate our efforts to build even closer engagement with our customers in order to shape customised service and technology offerings, thus creating additional value for their new and existing fleets.” 

      For Vestas’ customers in China, the introduction of the company’s newest 2.0 MW turbine variants and the new, flexible approach to service will mean lower lifetime costs of energy and greater business case certainty.  CEO Anders Runevad concludes, “China is expected to account for significant part of the world’s wind energy market in 2014. Succeeding here is a key element in Vestas’ profitable growth strategy. Today we turn a new chapter in our almost 30-year history as pioneers in the China wind market.”

      For more information, please contact:
      Press & Communication Officer Karen Chen,
      Vestas Asia Pacific and China
      Tel: +86 10 5804 1330
      Mobile: +86 1381 012 3389
      Email: jihce@vestas.com

      About Vestas
      Vestas installed its first wind turbines in China in 1986. More than 1,900 dedicated Vestas employees provide high-quality wind energy solutions to millions of homes in China. The company’s largest global integrated manufacturing complex is located in Tianjin, China, producing generators, blades, nacelles, hubs and control systems. As of June 30, 2014, Vestas has installed more than 4,300 MW in China.

      Globally, Vestas has installed more than 52,000 wind turbines, reducing 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 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 62 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      Download press release (PDF)

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      14:00 - 20 Oct 2014

      Vestas and ABB to collaborate on Wind for Prosperity globally

      Vestas and ABB to collaborate on Wind for Prosperity globally

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      Vestas and ABB sign MOU to jointly develop power technology and system integration solutions for remote off-grid and micro-grid communities. Initial efforts to focus on Wind for Prosperity projects in Kenya.

      Solving the technical challenge of stabilizing and controlling off-grid and micro-grid power generation solutions is essential for Wind for Prosperity projects to succeed.  The Vestas-ABB Memorandum of Understanding announced today represents a strong commitment by both companies to deploy affordable power integration solutions with a view on building a broader future partnership to lower the costs and increase the reliability of Wind for Prosperity projects.

      “The Vestas-ABB collaboration on Wind for Prosperity is a significant step forward in bringing these projects to life,” says Morten Albæk, Vestas Group Senior Vice President and CMO.  The agreement we announce today unites each company’s technological expertise to create a combined solution for exactly the type of off-grid and micro-grid wind-hybrid power generation systems that we envision for Wind for Prosperity.”
      ABB, the leading power and automation technology group, brings proven technology to the partnership and are proud of today’s announcement.

      “We are proud to partner in the Wind for Prosperity development program,” said Claudio Facchin, head of ABB’s Power Systems division. “We are committed to help remote communities benefit from clean wind energy and stable power delivery. ABB's proven microgrid technology will increase use of renewable energy while reducing costs for fossil fuels and ensuring utility-grade power quality.”

      The initial collaboration will focus on Wind for Prosperity projects in Kenya. Vestas and ABB announce this MOU in connection with the Global Green Growth Forum (3GF) hosted by the Danish government in Copenhagen.

      For more information, please contact:

      Lina Danstrup, Press & Communication 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 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

      About wind for Prosperity (www.windforprosperity.com)

      Wind for Prosperity is an innovative, commercially-based model to bring affordable and reliable electricity to rural and island populations that currently lack it. Upwards of 1.3 billion people across the globe currently lack access to affordable and reliable electricity – with dramatic consequences for human health, education, and economic well-being.

      A considerable share of these people live in rural areas far from grid-infrastructure, but at least 50 million live in areas with abundant wind resources.

      Download news release (pdf)

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      12:30 - 20 Oct 2014

      Vestas and Danish government announce support for island project in Indonesia

      Vestas and Danish government announce support for island project in Indonesia

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      Today, at the Global Green Growth Forum in Copenhagen, Vestas and the Danish government announced their support of a wind project at the Sumba Island in Indonesia. The project will be part of Vestas’ Wind for Prosperity program and is endorsed by the Indonesian government.

      Indonesia consists of thousands of islands – hundreds of which are permanently inhabited. Due to the relatively small population on some of them, electricity production is often based solely on diesel generators and as such both costly and polluting.

      The Sumba Island has set an ambitious goal to reach 100 % renewable energy by 2025 and therefore need to exploit the wind resources. Through its Wind for Prosperity programme, Vestas will supply a refurbished V47-660kW turbine and Danish government development programme, Danida, will fund the viability gap in the pilot project.

      “We are honored to take part in the ambition to supply the Sumba Island with 100 % renewable energy. This is an important quest, as it has the potential to lead the way for countless islands in Indonesia and elsewhere by showing how wind can deliver affordable electricity in rural areas in a sustainable manner,” says Morten Albæk, GSVP at Vestas and initiator of Wind for Prosperity.

      Vestas’ Wind for Prosperity programme is bringing affordable, decentralized hybrid-solutions to rural areas to reduce energy poverty and decrease CO2 emissions. The Sumba Island wind pilot project will be supported by Danida.

      Danish Minister for Trade & Development Cooperation Mogens Jensen says: “We are facing the great challenge on finding a way to provide the world’s poorest with electricity. This calls for innovative solutions and new partnerships between governments and private companies. Development assistance plays an important role in order to create growth in development countries, and I hope that the inhabitants on Sumba Island will benefit from this pilot project by gaining access to green energy and hereby inspiring other Indonesian Islands. To the benefit of the Indonesian people, the climate and eventually employment in Denmark. We hope to spread such solutions to other rural parts of the world through 3GF.”

      The Indonesian government is pleased with the support from Vestas and Danida.

      ”I would like to express our highest appreciation and thanks to the Government of Denmark and Vestas for support to Indonesia to develop our renewable energy sector”, said Mrs. Maritje Hutape, Director Energy Efficiency, Ministry of Energy and Mineral Resources. “The wind project can be used as lesson learnt for developing other renewable energy resource, not only at Sumba Island but also at national level.

      At the end, increasing access to sustainable energy will bring more prosperity and welfare to the people.”

      For more facts about the project, please see below fact sheet or contact

      Press & Communication Officer Lina Danstrup,
      Media & External Relations
      Tel: +45 61 26 99 87
      Mail: limat@vestas.com

      About the project

      Iconic Island Sumba

      • Sumba Island is located in the eastern part of the Indonesian Archipelago between Sumbawa Island to the Northwest, West Timor to the East and Australia to the far South at a distance of about 700 km
      • The island has a population of 656,259 inhabitants and one of the lowest electrification rates in Indonesia (24.55%). 495,147 people without access or limited access to power.
      • Around 20% of the people living in Indonesia have no or limited access to electricity – 48.5m people.
      • The Iconic Island Sumba initiative was launched in 2009 in coordination with the Dutch organization HIVOS to showcase how the people of a poor, isolated island can take charge of their own development - aided by a supply of 100% renewable energy
      • Among other renewable energy projects, the Iconic Island Sumba program initiated feasibility and early stage development of the Hambapraing wind project

      Hambapraing Wind Project on Sumba Island

      • The Hambapraing wind project is under development by PT Sumberdaya Sewatama in coordination with the Indonesia Government and Indonesia’s state electricity company Perusahaan Listrik Negara (PLN).
      • The project will be installed by near the north coast of Sumba in Hambapraing, approximately 25 km northeast of Waingapu
      • The project will initially consist of a pilot installation of one refurbished Vestas V47-660 KW wind turbine, with plans to plans to scale-up to 3-4 MW once reliable integration with the island’s grid is proven
      • The wind turbine will provide more than 1.6 GWh of clean, reliable electricity per year without the need to exhaust natural resources, including water. 
      • The addition of wind power to Sumba’s grid will reduce diesel fuel use by more than 500,000 liters per year, providing both costs savings and environmental benefits through saving approx. 1,000 ton of Co2 per year 
      • The pilot wind turbine and subsequent scale-up will strengthen the local infrastructure while transferring knowledge to local developers and suppliers. 
      • Installation is targeted by second half 2015
      • Total height of the turbines is approximately 80 meters 
      • The turbines have a rotor diameter of 47 meters
      • The turbines have a total capacity of 660 kilowatts 
      • The project is targeted to reach commissioning by Q3 2015

      Danida Involvement

      • The Hambapraing project will be supported by Denmark through the Danida programme in Indonesia to fund the viability gap
      • Without the support from Danida and other development partners, the project would not be able to take off and the Danida grant will be crucial to begin a virtuous cycle of scaling up wind power in Indonesia

      About wind for Prosperity
      Wind for Prosperity is an innovative, commercially-based model to bring affordable and reliable electricity to rural and island populations that currently lack it. Upwards of 1.3 billion people across the globe currently lack access to affordable and reliable electricity – with dramatic consequences for human health, education, and economic well-being.

      A considerable share of these people live in rural areas far from grid-infrastructure, but at least 50 million live in areas with abundant wind resources.

      About Vestas
      Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
       
      Vestas has delivered wind energy in 73 countries, providing jobs for around 17,500 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 60 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
       
      We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels: 

      Download news release (pdf)

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      18:15 - 16 Oct 2014

      Major shareholder announcement – BlackRock, Inc.

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      Vestas has received information from BlackRock Investment Management (UK) Limited, 12 Throgmorton Avenue, London EC2N 2DL, UK, that BlackRock, Inc. has reduced its holding of Vestas shares (ref. company announcement No. 24/2014 of 19 June 2014) to 11,071,328 shares (4.94 per cent).


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

      Download Company announcement (pdf)

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      08:49 - 03 Oct 2014

      Cancellation of order in Brazil

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      With reference to Vestas Wind Systems A/S’ company announcement No. 51/2011 of 29 December 2011, Vestas can hereby inform that delivery of a 254 MW project to the customer CPFL Renováveis in Brazil has been cancelled. CPFL Renováveis and Vestas are currently in the process of discussing the details of the cancellation and its related consequences.

      The cancellation relates to changes to local Brazilian legislation which occurred after the contract was agreed.  As CPFL and Vestas have been unable to agree on the consequences of those specific legislative changes, CPFL and Vestas have amicably agreed to the cancellation of the project.

      Vestas does not expect the cancellation to impact the company’s outlook for 2014.

      Contact details

      Vestas Wind Systems A/S, Denmark

      Hans Martin Smith, Senior Vice President, Investor Relations
      Tel.: +45 9730 0000

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

      Download company announcement (pdf)

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      18:51 - 30 Sep 2014

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

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

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

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

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

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

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

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

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

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

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

      For more information, please contact:

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

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

      Download news release (pdf)

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      13:16 - 30 Sep 2014

      Vestas receives 79 MW order in Sweden

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

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

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

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

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

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

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

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

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

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

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

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

      Download news release (pdf)



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      12:45 - 30 Sep 2014

      Vestas receives 79 MW order in Sweden

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

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

      Additional information about the project

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

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

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

      Vestas Northern Europe, Sweden
      Klaus Steen Mortensen, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      12:30 - 25 Sep 2014

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      Download news release (pdf)

      Close article
      19:40 - 23 Sep 2014

      Vestas receives 110 MW order in Texas

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      Download news release (pdf)

       

      Close article
      19:10 - 23 Sep 2014

      Vestas receives 110 MW order in Texas

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

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

      Additional information about the project:

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

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

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

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

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

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

      Download company announcement (pdf)

      Download news release (pdf) 

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      18:30 - 05 Sep 2014

      Information in the market regarding project in the USA

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

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

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

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

      Download Company Announcement (pdf)

       

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      23:55 - 03 Sep 2014

      Information in the market regarding project in the USA

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

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

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

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

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

      Download Company Announcement (pdf)

       

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      09:30 - 03 Sep 2014

      Vestas wins 42 MW order in Poland

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

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

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

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

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

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

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

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

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

      Close article
      16:30 - 01 Sep 2014

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

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

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

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

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

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

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

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

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

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

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

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

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

      Download pdf

      Close article
      12:20 - 29 Aug 2014

      Vestas receives 30 MW order, strengthening market position in Finland

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

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

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

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

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

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

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

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

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

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

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

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

       

      Download pdf

       

      Close article
      09:50 - 21 Aug 2014

      Information in the market regarding offshore project in the UK

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

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

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

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

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

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

      Contact details

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

      Download company announcement (pdf)

      Close article
      08:34 - 20 Aug 2014

      Interim financial report, second quarter 2014

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

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

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

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

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

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

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

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

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

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

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

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

      Download the interim financial report for Q2 2014

      Close article
      06:30 - 13 Aug 2014

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

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

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

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

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

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

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

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

      For more information, please contact:

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

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

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

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

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

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      10:00 - 12 Aug 2014

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

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

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

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

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

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

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

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


      Media availability 

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

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

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

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

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

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

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

      For further information please contact:

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

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


      Editors’ Notes

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

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

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

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

      Broadcast:  www.volvooceanrace.com/broadcastroom

      For video enquiries contact:   television@volvooceanrace.com

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


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      10:15 - 31 Jul 2014

      Vestas receives 53 MW order in Sweden

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

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

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

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

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

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

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

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

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

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

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

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

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

       Download pdf

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      23:35 - 01 Jul 2014

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

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

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

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

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

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

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

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

      About the Pleasant Valley project

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

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

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

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

      See the table below for details.

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

       60 MW

      20 Sep 2013 

       60 MW

      Origin (sold to Enel) 

       150 MW

      18 Dec 2013

       210 MW

      Keechi Creek (sold to Enbridge) 

       110 MW

      24 Dec 2013 

       320 MW

      Border Winds 

       124 MW

      27 June 2014 

       444 MW

      Pleasant Valley

       166 MW

       1 July 2014

       610 MW

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

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

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

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

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      23:30 - 01 Jul 2014

      Vestas receives 166 MW order in the USA

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

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

      Additional information about the project

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

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

      Contact details

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

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

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      09:35 - 01 Jul 2014

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

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

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

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

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

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

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      18:20 - 28 Jun 2014

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

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

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

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

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

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

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

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

      For more information please contact

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

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

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

      Download pdf

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      18:15 - 28 Jun 2014

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

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

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

      Additional information about the project

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

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

      Contact details

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

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

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      22:15 - 27 Jun 2014

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

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

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

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

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

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

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

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

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

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

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

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

      See enclosed table for details. 

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

       60 MW

      20 Sep 2013 

       60 MW

      Origin (sold to Enel) 

       150 MW

      18 Dec 2013

       210 MW

      Keechi Creek (sold to Enbridge) 

       110 MW

      24 Dec 2013 

       320 MW

      Border Winds 

       124 MW

      27 June 2014 

       444 MW

      For more information please contact:

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

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

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

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      22:10 - 27 Jun 2014

      Vestas receives 124 MW order in the USA

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

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

      Additional information about the project

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

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

      Contact details

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

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

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      14:20 - 27 Jun 2014

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

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

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

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

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

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

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

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

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

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

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

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      14:15 - 27 Jun 2014

      Vestas receives 88 MW order in France

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

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

      Additional information about the project

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

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

      Contact details

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

      Vestas Mediterranean, Spain
      Marco Graziano, President 

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

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

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

      Download company announcement (pdf)

      Download news release (pdf)

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      23:20 - 26 Jun 2014

      Conditional settlement of US class action