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Vestas Secures 103 MW Addition To EPC Project With Mercury
Vestas CFO: Permitting Process In Germany Takes Too Long, Is Very Unclear
Vestas with Share Buy-Back Programme Of Up To DKK 1,500 mln
Vestas Wind Systems A/S is a Denmark-based company active within the wind power industry. The Company operates through two segments, Project and Service. The Project segment is responsible for sale of wind power plants and wind turbines, among others. The Service segment contains provision of services related to the Company's offer, as well as sale of spare parts and other activities. Vestas Wind System's product line comprises 2 Megawatt (MW) and 3MW energy capture platforms equipped with ice, smoke and shadow detection systems. Its services range consists of data-driven consultancy services, fleet optimization, blade maintenance and inspection, power generator repairs and gearbox exchange, among others.
Misc. Capital Goods
Hedeager 42, Aarhus N
Independent Chairman of the Board
Henrik M. Andersen
President, Chief Executive Officer
Independent Deputy Chairman of the Board
Chief Financial Officer, Executive Vice President
Chief Operating Officer, Executive Vice President
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Wind turbine maker Vestas' <VWS.CO> sales, orders and profit surpassed analysts expectations in the third quarter as the Danish firm enjoys one of its busiest periods on record, lifting its shares nearly 11 percent on Thursday.
Wind turbine maker Vestas <VWS.CO> said on Friday it would lay off 590 people at blade factories in Germany and Denmark to rein in costs and cope with a squeeze on prices as state subsidies fall.
Ingka Group, which owns most IKEA stores, said on Friday it would buy an 80% stake in seven Romanian wind farms from wind turbine maker Vestas <VWS.CO> for 136 million euros ($151 million).
* Shares down nearly 4% (Recasts, adds CEO quotes, share price)
Wind turbine maker Vestas posted lower than expected second-quarter operating profit on Thursday, hit by competitive markets, tariffs and orders received during a steep price decline in 2017.
* HAS WON AN ORDER FROM MHI VESTAS OFFSHORE WIND TO SUPPLY ITS RELIABLE, ENERGY-EFFICIENT AND COMPACT WINDSTAR TRANSFORMERS FOR INSTALLATION IN WIND TURBINES IN NORTH SEA
Vestas on Tuesday launched a wind turbine targeting the U.S. market, aiming to simplify how they are built and cut costs further for the renewable energy source.
Vestas Chief Executive Anders Runevad will step down in August and be replaced by Henrik Andersen, CEO of coatings company Hempel and already a board member at the Danish wind turbine maker.
Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country's impending departure from the European Union, its chief executive told Reuters.
Danish wind power company Vestas <VWS.CO> presented a new platform on Thursday it says will enable customers to produce cheaper energy through turbines tailored for different wind conditions and locations.
Danish wind power company Vestas on Thursday presented a new platform it says will enable customers to produce cheaper energy through turbines tailored for different wind conditions and locations.
Wind turbine maker Vestas sees U.S. demand peaking in 2020 as government incentives, which have spurred investments in the sector, are phased out.
* Third-quarter profit below forecast (Adds CFO, analyst, shares)
* SAYS HAS SIGNED A LONG-TERM COMPREHENSIVE SERVICE PORTFOLIO RENEWAL WITH AN UNDISCLOSED CUSTOMER FOR 602 MW OF WIND PROJECTS IN U.S.
Japanese-Danish joint venture MHI Vestas can scale up its current offshore wind turbine platform to match a 12 megawatt (MW) rival product that is being developed by General Electric (GE), its chief executive said.
Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after it reported forecast-beating orders and profit and said a steep decline in prices had stabilised.
Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines.
Wind turbine maker Vestas and offshore services firm Maersk Supply Service, part of A.P. Moller-Maersk, are teaming up to tackle the cost of transporting and installing ever larger wind turbines.
Swedish utility Vattenfall has brought Danish turbine maker Vestas and pension fund PKA onboard as shareholders in what will become one of Sweden's largest onshore wind farms.
* TPI COMPOSITES - VESTAS WIND SYSTEMS A/S EXERCISED OPTION FOR 2 ADDITIONAL BLADE MANUFACTURING LINES UNDER EXISTING MULTIYEAR SUPPLY AGREEMENT Source text for Eikon: Further company coverage:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.