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Vestas Wind Systems A/S (VWDRY.PK)

VWDRY.PK on OTC Markets Group

30.03USD
26 May 2017
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$-0.12 (-0.40%)
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Latest Key Developments (Source: Significant Developments)

Vestas signs 15-year renewal of 150 MW service agreement with EverPower
Wednesday, 17 May 2017 08:04am EDT 

May 17 (Reuters) - Vestas Wind Systems A/S :Vestas signs 15-year renewal of 150 mw service agreement with EverPower for the the 150 MW Mustang Hills project.With the 15-year extension, the project will remain under Vestas' service until 2032.Vestas has more than 73 GW of wind turbines under long-term service agreements globally, including 24.5 GW in North America.  Full Article

Arise signs a full-service agreement with Vestas
Friday, 12 May 2017 01:14am EDT 

May 12 (Reuters) - ARISE AB :ARISE TO OUTSOURCE ITS SERVICE OPERATIONS.HAS TODAY ENTERED INTO A 15-YEAR FULL-SERVICE AGREEMENT WITH VESTAS.AGREEMENT MEANS THAT SERVICE OF ALL COMPANY'S VESTAS WIND FARMS IS OUTSOURCED TO VESTAS.  Full Article

Vestas says wins service contract for wind parks in Sweden
Thursday, 11 May 2017 10:42am EDT 

May 11 (Reuters) - Vestas Wind Systems A/S :Vestas says wins 15 year service contract for seven wind parks covering 86 mw located across Sweden.Says service contract from Arise is a full-scope 15-year Active Output Management 5000 (AOM5000) service agreement designed to maximise uptime and energy production..  Full Article

Vestas Q1 operating profit above expectations, maintains outlook
Friday, 5 May 2017 02:39am EDT 

May 5 (Reuters) - Vestas :Q1 EBIT before special items 211 million euros versus 183 million forecast in Reuters poll (Q1 2016 85 million euros).Says Q1 revenue 1,885 million euros versus 1,878 million forecast in Reuters poll (Q1 2016 1,464 mln euros).Says maintains its 2017 guidance on revenue of EUR 9.25 bln-10.25 bln, EBIT margin before special items of 12-14 percent, total investments of approximately EUR 350 million, and free cash flow of minimum EUR 700 million.Q1 order intake 2,049 MW versus 1,904 MW forecast in Reuters poll.Says the value of the wind turbine order backlog amounted to EUR 9.0 bln at March 31, 2017.  Full Article

Vestas receives two orders for 110 MW in China
Friday, 28 Apr 2017 09:23am EDT 

April 28 (Reuters) - Vestas Wind Systems A/S :Says has received two firm and unconditional orders for 110 megawatt in China.Each order comprises 55 megawatt of 2 MW platform turbines .Says delivery and commissioning are expected to begin in the second half of 2017.Customer, project and specific turbine names have not been disclosed at the customer's request.Says Vestas has announced 426 megawatt of orders in China in 2017.  Full Article

Vestas receives 55 MW order in China
Friday, 28 Apr 2017 08:56am EDT 

April 28 (Reuters) - Vestas Wind Systems A/S :Says receives 55 megawatt order in China.Says delivery and commissioning are expected to begin in the second half of 2017.  Full Article

TPI, Vestas sign wind blade supply agreement for Latin America
Friday, 28 Apr 2017 08:00am EDT 

April 28 (Reuters) - Tpi Composites Inc :Tpi and vestas sign wind blade supply agreement for latin america.Tpi and vestas sign wind blade supply agreement for latin america.Tpi composites inc - signed a multiyear supply agreement with vestas wind systems a/s to provide blades from two manufacturing lines.Tpi composites inc - signed a multiyear supply agreement for v136 wind turbine for markets in central and south america.  Full Article

Vestas expands 2 MW platform with two new turbine variants
Monday, 24 Apr 2017 06:08am EDT 

April 24 (Reuters) - Vestas Wind Systems A/S ::Says expands 2 MW platform with two new turbine variants.Says the new variants delivers increased swept area and annual energy production while keeping the existing nacelle and hub design.Says based on structural shell technology and advanced balance of loads, the new blades, 57 meter and 59 meter respectively, optimise aerodynamics while maintaining the original nacelle and hub dimensions and low-weight profile.Says first deliveries of the new turbine variants are expected in the first quarter of 2018 for the V116-2.0 MW and in the third quarter of 2018 for the V120-2.0 MW..  Full Article

Vestas receives order for 76 MW repowering project in Germany
Friday, 7 Apr 2017 06:10am EDT 

Vestas Wind Systems A/S : Vestas receives order for 76 MW repowering project in Germany . The turbines will be installed at the Norderwöhrden wind park in Northern Germany and will replace 40 different types of turbines installed over the last 30+ years . With 13 different companies involved, the project is the result of great collaboration, demonstrating how repowering can provide improved return on investment across asset owners. . Wind turbine delivery and commissioning is planned to begin in the third quarter of 2017 Further company coverage: [VWS.CO] (Reporting by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Vestas receives 148 MW order in the U.S
Thursday, 30 Mar 2017 05:08am EDT 

Vestas Wind Systems : Says as received a firm and unconditional order in the United States from a fund managed by Copenhagen Infrastructure Partners (CIP) for 43 V126-3.45 MW turbines for the Bearkat I Wind Project in Texas . Says Bearkat I has a total capacity of 196.7 MW and includes 57 V126 3.45 MW turbines . Says the order includes a 20-year service agreement . Says delivery is expected to begin in the third quarter of this year, with commissioning planned for the end of 2017 Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

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UPDATE 1-Wind turbine maker Vestas beats profit expectations, maintains guidance

* U.S. market seen slowing this year (Adds detail, CFO, CEO and analyst comment, share price)