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Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

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20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Southern Company unit announces strategic wind development agreement
Friday, 30 Dec 2016 10:00am EST 

Southern Co : Southern Company subsidiary announces strategic wind development agreement . Southern Co - Southern Power announced joint development agreement with Renewable Energy Systems Americas Inc to develop about 3,000 mw across 10 projects . Southern Co - Additionally, Co has signed agreements to purchase wind turbine equipment from both Siemens and Vestas for use at facilities .Says wind turbine equipment purchased from both Siemens and Vestas will be used to secure current tax benefits for identified projects.  Full Article

Vestas gets 154MW order in the United States
Friday, 23 Dec 2016 04:36am EST 

Vestas : Receives a firm and unconditional order from MidAmerican Energy Company for 154MW of v110-2.0 MW turbines .The turbines will be manufactured at Vestas' Colorado factories with expected delivery in 2017.  Full Article

MHI Vestas wins 370 MW order in Belgium
Thursday, 15 Dec 2016 03:35am EST 

MHI Vestas Offshore Wind, a joint venture of Vestas and Mitsubishi Heavy Industries <7011.T> : Says will provide 44 units of its V164-8.4 megawatt (MW) wind turbines to Belgium's largest offshore wind project Norther . Says the project is owned by Norther N.V. a joint venture between Elicio and Boreas with three sponsors Elicio N.V. (50 pct), Eneco [ENECO.UL] (25 pct) and Mitsubishi Corporation (25 pct) . Says the V164-8.0 MW turbines – rated with a capacity of 8 MW – have been optimised for the project, utilising a power mode to be able to deliver a maximum output of 8.4 MW . Says commision expected in 2019 Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Eolus Vind buys 11 wind turbines for projects in southern Sweden
Wednesday, 7 Dec 2016 02:00am EST 

Eolus Vind AB (publ) : Buys 11 wind turbines from Vestas for projects in southern Sweden .Turbines to be erected in 2017 at projects Gunillaberg, Lunna, Täppeshusen and Vilseberga.  Full Article

DONG Energy produces first power from Vestas' 8 MW turbine offshore at Burbo Bank Extension
Monday, 21 Nov 2016 04:59am EST 

DONG Energy : Says has produced first electricity from Burbo Bank Extension wind farm . Says it is the first time the next-generation MHI Vestas 8 megawatt wind turbines have been used commercially offshore . Says Burbo Bank Extension Offshore Wind Farm, located 7 kilometres off Liverpool Bay, is a joint venture between DONG Energy (50 percent) and its partners PKA (25 percent) and KIRKBI (25 percent) Further company coverage: [DENERG.CO] Further company coverage: [VWS.CO] (Reporting by Annabella Pultz Nielsen) ((Annabella.PultzNielsen@thomsonreuters.com;)).  Full Article

Vestas cuts 350 jobs in Denmark
Wednesday, 16 Nov 2016 02:42am EST 

Vestas : Says cuts 350 jobs at turbine blade factory in Lem in western Denmark . Says expects cuts to be have been carried out by the end of 2016 . Says cuts are a consequence of the factory's high costs Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

Vestas lifts 2016 guidance after better-than-expected Q3
Tuesday, 8 Nov 2016 02:42am EST 

Vestas : Says Q3 EBIT before special items increased by 201 million euros to 433 million . Q3 revenue 2,903 million euros versus 2,483 million forecast in Reuters poll . Q3 EBIT before special items 433 million euros versus 312 million forecast in Reuters poll . Q3 order intake 1,769 MW versus 1,918 MW forecast in Reuters poll . Says upgrades 2016 guidance on revenue from minimum 9.5 billion euros to 10-10.5 billion . Says now expects EBIT margin before special items of 13-14 percent in 2016 versus earlier forecast of at least 12.5 percent . Says now sees 2016 free cash flow of 1,000 million euros versus earlier guidance of 800 million . Says also adjusts 2016 guidance on total investments from approx 500 million euros to approx 600 million Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

MHI Vestas wins 92.4 MW order in Aberdeen, UK
Tuesday, 27 Sep 2016 07:26am EDT 

Danish-Japanese joint venture MHI Vestas offshore wind turbine manufacturer : Says has received an order to supply 11 V164-8.0 megawatt turbines for Vattenfall-owned company, Aberdeen Offshore Wind Farm Ltd. . The 92.4 megawatt European Offshore Wind Deployment Centre project will conduct testing and demonstration of next generation products and services . Says the turbines will be the first to be able to power up to 8.4 megawatt . Installation and commissioning expected in the first half of 2018 . Will deliver a service contract of up to 20 years . Says blades for the Aberdeen Offshore Wind Farm will be produced at the MHI Vestas blade factory on the Isle of Wight Further company coverage: [VWS.CO][7011.T] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

MHI Vestas has received a 406 MW order in Denmark
Thursday, 7 Jul 2016 05:25am EDT 

Vestas Wind Systems A/S : Says MHI Vestas Offshore Wind has received a firm and unconditional order for 49 units of the V164-8 MW turbines with a total capacity of 406 MW for the offshore Horns Reef 3 project in Denmark. . Says order is placed by Vattenfall [VATN.UL], and the contract covers supply, installation, commissioning and a five year service contract. .Says the project will be delivered by MHI Vestas Offshore Wind, a 50/50 joint venture with Japan's Mitsubishi Heavy Industries <7011.T>, and will not enter into the order backlog of Vestas Wind Systems.  Full Article

Vestas wins 76 MW order in Sweden
Thursday, 30 Jun 2016 03:53am EDT 

Vestas Wind Systems A/S : Says Rabbalshede Vind 5 AB, a joint venture between Rabbalshede Kraft AB and private investment company Ardian, has placed a firm and unconditional order for the Lyrestad wind park in Mariestad, Sweden . Says Google will purchase the power produced by the wind park . Says order includes supply, installation, and commissioning of the turbines as well as a 10-year service agreement (AOM5000) . Says turbine delivery is expected to begin in the second quarter of 2017, with commissioning expected to start in the third quarter of 2017 Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

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Vestas' strong 2016 finish offsets worry over Trump energy policy

COPENHAGEN A spate of last-minute orders from the United States has put Danish wind turbine maker Vestas on track for its highest contract intake in six years and eased some investors' concerns over U.S. energy policy under the incoming Trump administration.