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Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vestas receives 148 MW order in the U.S
5:08am 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

Vestas receives 41 MW order in Ukraine
Thursday, 16 Mar 2017 07:00am EDT 

Vestas Wind Systems A/S : Vestas receives 41 MW order in Ukraine . Wind turbine delivery and commissioning is planned for the third quarter of 2017 Further company coverage: [VWS.CO] (Reporting by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Vestas gets 31 MW order in Germany
Tuesday, 14 Mar 2017 05:24am EDT 

Vestas Wind Systems A/S : Says receives order for 31 MW of V136-3.45 MW turbines in southern Germany . Says order includes a 15-year service agreement . Says turbine delivery and commissioning is expected to be finalised in the second half of 2017 Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Vestas wins 50 MW order in Norway
Monday, 6 Mar 2017 05:32am EST 

Vestas Wind Systems A/S : Vestas wins 50 MW order in Norway for Fortum's Ånstadblåheia wind park [nFWN1GJ04V] . The contract includes supply and installation of the wind turbines, as well as a 5-year Active Output Management 5000 service agreement . Delivery of the wind turbines is expected to begin in the third quarter of 2018 Further company coverage: [VWS.CO] (Reporting by Stine Jacobsen, editing by Teis Jensen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

MHI Vestas to hire 414 additional employees in Denmark
Monday, 6 Mar 2017 01:15am EST 

MHI Vestas Offshore Wind, a joint venture between Denmark's Vestas Wind Systems and Japan's Mitsubishi Heavy Industries <7011.T>, : Says is now recruiting 414 additional employees at its nacelle and blade factories in Lindo and Nakskov, Denmark . "The additional positions are a positive reflection of the market's increasing interest in the 8 MW platform and MHI Vestas in general," CEO Jens Tommerup says Further company coverage: [VWS.CO][7011.T] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Vestas wins 33 MW order in Austria
Friday, 3 Mar 2017 06:52am EST 

Vestas Wind Systems A/S : Says wins 33 megawatt order in Austria Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Vestas names head of new Asia-Pacific sales unit
Thursday, 2 Mar 2017 04:46am EST 

Danish wind turbine maker Vestas Wind Systems : Says Clive Turton to become group senior vice president for newly established Asia-Pacific sales business unit . Says Turton will take up the position April 1. . Says Turton comes from a position as CEO of Asia Power Development Platform, a joint venture between Australia's Macquarie and Germany's STEAG. Further company coverage: [VWS.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

Vestas splits Asia-Pacific and China sales unit in two
Wednesday, 22 Feb 2017 05:16am EST 

Vestas Wind Systems A/S : Vestas introduces two new sales business units (SBU) for Asia-Pacific and China . The two SBUs will be called SBU CHI, covering China and Mongolia, and SBU ASP, covering all other Asia-Pacific countries, including India . With the decision to split into two new units, President and Group Senior Vice President Chris Beaufait has chosen to leave Vestas to pursue new opportunities outside of the company . "We are investing more resources in the region and creating a more agile and customer centric organisation. The aim is to achieve a deeper market understanding and ultimately increase our market share," says Executive Vice President and Chief Sales Officer Juan Araluce . Kebao Yang, who most recently was chairman and general manager of Caterpillar (Qingzhou), will head SBU CHI, while the appointed head of SBU ASP will join Vestas during April 2017 and be disclosed at a later point Further company coverage: [VWS.CO] (Reporting by Stine Jacobsen, editing by Teis Jensen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Vestas Q4 order intake stronger than expected
Wednesday, 8 Feb 2017 02:43am EST 

Vestas : Q4 order intake 4,532 MW versus 3,983 MW forecast in Reuters poll. . Q4 revenue 3,313 million euros ($3.53 billion) versus 3,373 million euros forecast in Reuters poll. . Q4 EBIT before special items 504 million euros versus 504 million forecast in Reuters poll. . For 2017 Vestas expects revenue to range between 9.25 billion euros and 10.25 billion euros. . Expects to achieve a 2017 EBIT margin before special items of 12-14 percent with service EBIT margin remaining stable. . Total 2017 investments are expected to amount to around 350 million euros. .Board of directors recommends to annual general meeting that a dividend of 9.71 Danish crowns per share, compared with 6.82 crowns last year..  Full Article

Vestas CEO has no indication of any change to tax credit for U.S. wind industry
Tuesday, 7 Feb 2017 10:44pm EST 

Vestas : CEO Anders Runevad said on a conference call he sees no indication of any changes to the U.S. Production Tax Credit (PTC) programme following the new presidential administration. Further company coverage: [VWS.CO] (Reporting by Jacob Gronholt-Pedersen) ((jacob.pedersen@thomsonreuters.com;)).  Full Article

More From Around the Web

BRIEF-Vestas receives 148 MW order in the U.S

* 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