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Vestas Wind Systems A/S (VWDRY.PK)

VWDRY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Vestas gets 100 MW order in India
Friday, 1 Sep 2017 09:45am EDT 

Sept 1 (Reuters) - VESTAS WIND SYSTEMS :GETS 100 MW ORDER IN INDIA.ORDER INCLUDES DELIVERY, INSTALLATION AND COMMISSIONING OF 50 V110-2.0 MW TURBINES AND A 10-YEAR SERVICE CONTRACT.TURBINE DELIVERY IS EXPECTED TO START IN LATE 2017, WITH COMMISSIONING BY FIRST HALF 2018.CUSTOMER AND PROJECT NAMES HAVE NOT BEEN DISCLOSED.  Full Article

Vestas wins 180 MW order in Thailand
Monday, 21 Aug 2017 07:30am EDT 

Aug 21 (Reuters) - Vestas Wind Systems A/S :Vestas wins 180 MW order in Thailand."Vestas has strengthened its position in Thailand's renewable energy market by finalising the sale of 60 V136-3.0 MW turbines to an undisclosed customer".Turbine delivery is expected to start in late 2017, with commissioning in mid-2018.  Full Article

MHI Vestas gets offshore wind order for 32 turbines in Germany
Monday, 21 Aug 2017 06:37am EDT 

Aug 21 (Reuters) - MHI Vestas, a offshore wind joint venture between Vestas and Mitsubishi Heavy Industries<7011.T> said: :To supply 31 units of the V164-8.0 MW wind turbine for the 252 MW Deutsche Bucht project in Germany.Received the order from Northland Power Inc. last Friday, when the company announced that the €1.3 billion ($1.53 billion) Deutsche Bucht project has reached financial close.DeBu is Northland's third offshore wind project, which once completed, is expected to generate enough energy to meet the needs of over 178,000 households.  Full Article

Vestas Q2 EBIT below forcast, keeps 2017 outlook
Thursday, 17 Aug 2017 02:30am EDT 

Aug 17 (Reuters) - VESTAS ::SAYS SHARE BUY-BACK PROGRAMME EUR 600M SHARE BUY-BACK PROGRAMME LAUNCHED TO ADJUST CAPITAL STRUCTURE..Q2 REVENUE 2,206 MILLION EUROS VERSUS 2,398 MILLION FORECAST IN REUTERS POLL.SAYS VESTAS MAINTAINS ITS 2017 GUIDANCE ON REVENUE OF EUR 9.25BN-10.25BN, EBIT MARGIN BEFORE SPECIAL ITEMS OF 12-14 PERCENT, TOTAL INVESTMENTS* OF APPROXIMATELY EUR 350M, AND FREE CASH FLOW* OF MINIMUM EUR 700M.Q2 EBIT BEFORE SPECIAL ITEMS 279 MILLION EUROS VERSUS 322 MILLION FORECAST IN REUTERS POLL.Q2 ORDER INTAKE 2,667 MW VERSUS 2,501 MW FORECAST IN REUTERS POLL.SAYS THE VALUE OF THE COMBINED BACKLOG OF WIND TURBINE ORDERS AND SERVICE AGREEMENTS STOOD AT EUR 20.2BN – AN INCREASE OF EUR 2.1BN COMPARED TO THE YEAR-EARLIER PERIOD.  Full Article

Vestas wind 99 MW order in China
Friday, 11 Aug 2017 07:36am EDT 

Aug 11 (Reuters) - VESTAS WIND SYSTEMS A/S :VESTAS SECURES 99 MW ORDER IN CHINA FROM CHINA DATANG CORPORATION RENEWABLE POWER CO.THE ORDER INCLUDES 45 V110-2.0 MW TURBINES DELIVERED IN OPTIMISED MODE OF 2.2 MW .IT INCLUDES SUPPLY OF THE TURBINES, SUPERVISION OF TURBINES INSTALLATION AND AN ACTIVE OUTPUT MANAGEMENT 4000 (AOM4000) SERVICE CONTRACT.  Full Article

Vestas says has entered into a conditional agreement with Zuma Energia in Mexico
Tuesday, 8 Aug 2017 11:32am EDT 

Aug 8 (Reuters) - Vestas ::Vestas has entered into a conditional agreement with Zuma Energia in Mexico.Vestas - agreement comprises supply, installation, commissioning of wind turbines, as well as 15-year Active Output Management 5000 service agreement.Vestas - agreed to supply the V136-3.45 MW turbine for the Reynosa III project with a total capacity of 443 MW in the state of Tamaulipas.  Full Article

Vestas says intends to fight General Electric's patent complaint
Wednesday, 2 Aug 2017 09:06am EDT 

Aug 2 (Reuters) - VESTAS SAYS :"IS AWARE THAT GENERAL ELECTRIC CO. HAS FILED A PATENT COMPLAINT IN THE U.S. AGAINST VESTAS AMERICAN WIND TECHNOLOGY, INC. AND VESTAS WIND SYSTEMS A/S." ."WE STRONGLY BELIEVE THAT THE COMPLAINT IS WITHOUT MERIT AND INTEND TO CHALLENGE IT.".  Full Article

Vestas wins 200 MW order in the U.S
Friday, 21 Jul 2017 03:23am EDT 

July 21 (Reuters) - VESTAS WIND SYSTEMS SAYS:FLAT TOP WIND I, LLC PLACES ORDER FOR 200 MW PROJECT IN THE UNITED STATES.THE ORDER INCLUDES A 10-YEAR SERVICE AGREEMENT.DELIVERY IS EXPECTED TO BEGIN IN THE FOURTH QUARTER OF 2017.COMMISSIONING IS PLANNED FOR THE FIRST QUARTER OF 2018.  Full Article

Vestas signs 48 MW contract in the Dominican Republic
Tuesday, 18 Jul 2017 08:00am EDT 

July 18 (Reuters) - VESTAS WIND SYSTEMS A/S SAYS:SIGNS 48 MW CONTRACT IN THE DOMINICAN REPUBLIC.ORDER IS FOR 14 OF ITS V117-3.45 MW TURBINES FOR THE 48 MW LARIMAR II WIND PARK, LOCATED IN ENRIQUILLO REGION OF THE DOMINICAN REPUBLIC.THE ORDER WAS PLACED BY SPANISH BUSINESS GROUP ELECNOR S.A. <<>>.TURBINE DELIVERY IS PLANNED FOR THE FIRST QUARTER OF 2018 WHILST COMMISSIONING IS EXPECTED FOR THE THIRD QUARTER OF 2018 .  Full Article

Vestas receives 302 MW order in the U.S.
Friday, 30 Jun 2017 05:17pm EDT 

June 30 (Reuters) - Vestas :Receives 302 MW order in the USA.Received a firm and unconditional order in USA, comprising 170 v110-2.0 mw turbines, for a total of 302 MW.Delivery of wind turbines is expected to begin in q2 of 2018, with commissioning planned for q4 of 2018.  Full Article

Deals of the day-Mergers and acquisitions

Sept 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: