Key Developments: Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

211.50DKK
17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Vestas secures 49 MW order in Dominican Republic
Tuesday, 25 Nov 2014 07:00pm EST 

Vestas Wind Systems A/S:Has received order for 15 V112-3.3 MW turbines for the 49.5 MW Larimar wind power plant in Enriquillo, Dominican Republic.15 wind turbines for this supply-only contract are expected to be delivered in Q2 2015 and commissioned by Q1 2016.  Full Article

Vestas receives 46 MW order in Sweden
Monday, 24 Nov 2014 07:00pm EST 

Vestas Wind Systems A/S:Has received a firm and unconditional order from BlackRock-managed fund for14 V126-3.3 MW turbines for a wind power project in Sweden.Turbine delivery is planned to begin in Q3 2015 with commissioning expected completed in Q4 2015.Contract includes supply, installation and commissioning of turbines, along with a VestasOnline Business SCADA solution and 10-year full-scope service package.No financial details.  Full Article

Vestas secures 42 MW order in Croatia
Tuesday, 18 Nov 2014 07:00pm EST 

Vestas Wind Systems A/S: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.Says 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 Q3 2015 and the wind power plant is expected to be installed by the end of the same year.No financial details.  Full Article

Vestas Wind Systems gets 200 MN order in Minnesota
Friday, 14 Nov 2014 04:15pm EST 

Vestas Wind Systems A/S:Has received a firm and unconditional order from Odell Wind Farm LLC in the United States for 100 units of its V110-2.0 MW turbines, corresponding to 200 megawatt.Says order comprises supply and commissioning of the wind turbines, as well as a 10-year Active Output Management service agreement.Says delivery is expected to begin in the third quarter of 2015, and delivery expected to be completed before end 2015.  Full Article

Vestas raises FY 2014 guidnace-Reuters
Friday, 7 Nov 2014 02:43am EST 

Vestas Wind Systems A/S:Raised its FY 2014 guidance after posting Q3 result above analysts expectations-Reuters.Now expects its FY 2014 operating margin before special items to be between 7 and 8 percent, up from an earlier guidance of at least 6 percent.Revised its full year guidance of revenue to between 6.4 billion euros and 7.0 billion euros up from its previous guidance of at least 6 billion euros.FY 2014 revenue 6.72 billion eurosThomson Reuters I/B/E/S.  Full Article

Vestas Wind Systems A/S gets 200 MW order from First Wind in U.S.
Thursday, 6 Nov 2014 04:31pm EST 

Vestas Wind Systems A/S:Receives a firm and unconditional order from First Wind in the United States for 100 units of the V100-2.0 MW turbines corresponding to 200 megawatt.Says order comprises supply and commissioning of the wind turbines as well as a 10-year Active Output Management service agreement.  Full Article

Vestas Wind Systems gets 76 MW order in Poland
Thursday, 6 Nov 2014 09:50am EST 

Vestas Wind Systems A/S:Has received order for 38 units of its V100-2.0 megawatt turbines from PGE Energia Odnawialna S.A. to project in Poland.Contract includes supply, installation and commissioning of the turbines. In addition, a VestasOnline Business SCADA solution and a two-year full-scope service agreement.Delivery is expected to take place in Q3 2015 and commissioning in Q4 2015.  Full Article

Vestas secures 66 MW order in Turkey-Reuters
Friday, 31 Oct 2014 11:49am EDT 

Vestas Wind Systems A/S:Has received a 66 megawatt turbine order for a wind project in Turkey-Reuters.The order is for 20 units of the V126-3.3 MW turbine for the Suloglu Wind Farm project in Edirne.The contract includes delivery, installation and commissioning of the wind turbines, as well as a 10 year service agreement.Installation of the first turbines is expected to start in Q2 2015 and the project is due to be completed by Q4 2015.  Full Article

Vestas Wind Systems A/S wins service renewal deal for three Canadian projects
Friday, 31 Oct 2014 05:30am EDT 

Vestas Wind Systems A/S:Says 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.  Full Article

Vestas gets 15-year service contract from Transcanada-Reuters
Wednesday, 29 Oct 2014 08:45am EDT 

Vestas Wind Systems A/S:Said on Oct. 29 it has received a 15-year service contract for the Kibby Wind Project in Maine in the United States-Reuters.The project is owned by TransCanada, a North American energy company based in Calgary, Alberta.The project consists of 44 units of the V90-3.0 MW turbines, originally installed in 2009.Financial details of the contract were not disclosed.  Full Article

Short U.S tax break extension poses problems for Vestas

COPENHAGEN - Danish turbine maker Vestas welcomed an extension of a U.S. tax break on wind production that is crucial for the industry but said the fact that it only lasts until the end of the year gave the company little time to fulfil orders.

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