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Vestas Wind Systems A/S (VWSYF.PK)

VWSYF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Vestas CEO says U.S. wind market "very hard to predict"
Wednesday, 8 Feb 2017 04:24am EST 

Vestas : CEO Anders Runevad says expects 2017 deliveries to the U.S. market to be a bit lower than last year's level. . "Overall in the U.S. there are still quite a lot of unknowns," Runevad said on a conference call. . "How it will pan out over the years is still very hard to predict," he said. Further company coverage: [VWS.CO] (Reporting by Jacob Gronholt-Pedersen, editing by Louise Heavens) ((jacob.pedersen@thomsonreuters.com;)).  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

BRIEF-MHI Vestas in conditional agreement with Vattenfall on Horns Rev 3
Thursday, 2 Jun 2016 03:52am EDT 

Vestas : Says can confirm that Vattenfall [VATN.UL] and MHI Vestas offshore wind have entered into a conditional agreement regarding delivery of V164-8.0 MW turbine for 400 MW Horns Rev 3 project in Denmark .Says if and when project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.  Full Article

MHI Vestas in conditional agreement with Vattenfall on Horns Rev 3
Thursday, 2 Jun 2016 03:52am EDT 

Vestas : Says can confirm that Vattenfall [VATN.UL] and MHI Vestas offshore wind have entered into a conditional agreement regarding delivery of V164-8.0 MW turbine for 400 MW Horns Rev 3 project in Denmark .Says if and when project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.  Full Article

Vestas extends maturity on revolving credit facility
Wednesday, 18 May 2016 09:27am EDT 

Vestas Wind Systems A/S : Says has a 1.05 billion euro ($1.18 billion) revolving credit and bonding facility from a group of seven banks .Says has exercised the first option and obtained consent from all lenders to extend the final maturity of the facility to June 3 2021.  Full Article

Vestas Wind Systems A/S gets 178 mw order in Kansas
Wednesday, 4 May 2016 07:29am EDT 

Vestas Wind Systems A/S:Capital Power Corporation has placed a firm and unconditional order for 54 V117-3.3 MW turbines, to be deployed at the 178 MW Bloom Wind Project in Kansas.Order includes a five-year service agreement.Manufacturing and shipment is mainly expected to occur in 2016.Commissioning is scheduled for the first and second quarter of 2017.  Full Article

Vestas Wind Systems and MHI to remain 50/50 partners in joint venture
Thursday, 28 Apr 2016 02:30am EDT 

Vestas Wind Systems A/S:Says has been notified that Mitsubishi Heavy Industries 7011.T (MHI) will not exercise option to change ownership ratio of joint venture MHI Vestas Offshore Wind A/S.Says equity ownership ratios in MHI Vestas Offshore Wind A/S will consequently remain at 50 percent for each of MHI and Vestas.  Full Article

Vestas gets 76 MW order in Sweden
Wednesday, 27 Apr 2016 08:00pm EDT 

Vestas Wind Systems A/S:Says Sweden's Fortum Generation AB has placed a firm and unconditional order for 22 Vestas V126-3.45 MW turbines.Says order is for the Solberg wind power plant in Västernorrland, northern Sweden.Says order includes de-icing System, supply, installation, and commissioning of the turbines and a five-year service agreement.Says turbine delivery is expected to begin in Q3 2017.Says commissioning is expected to start in Q4 2017.  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)