Summary: Quarterly revenue of EUR 5.2bn with an EBIT margin before special items of 4.5 percent. Order intake of 4.4 GW and combined order backlog of EUR 63.4bn. Revenue and EBIT margin guidance maintained with adjustments to Service EBIT and total investments. Lower end of the guidance range now more likely for the Group EBIT … Continue reading Vestas – Interim Financial Report, Third Quarter 2024
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Vestas secures 50 MW wind order in Romania
Danish wind turbine manufacturer Vestas has announced that it has secured a 50 MW supply order in Romania for 12 wind turbines. As part of Vestas’ procurement of new wind turbines in Q4 2024, an agreement has been concluded with Eolenerg Project SRL for a 50 MW wind farm in Sacele, Constanta County, south-east Romania. … Continue reading Vestas secures 50 MW wind order in Romania
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Vestas secures 70 MW wind power order in Germany
Vestas is pleased to announce a new wind turbine order as part of its fourth quarter order, demonstrating its commitment to advancing wind energy in Europe. The order comes from Terrawatt Planungsgesellschaft mbH for the Ostharingen wind farm in Goslar, Germany. The project will have a total capacity of 70 MW and will feature five … Continue reading Vestas secures 70 MW wind power order in Germany
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Vestas and Fortum reach agreement on arbitration related to wind energy projects in Russia
Vestas and Fortum are pleased to announce that the companies have reached an agreement on arbitration related to wind energy projects in Russia. The agreement entails both companies waiving past, present and future claims related to their traditional business activities in Russia. The terms of the agreement are otherwise confidential. With this agreement, Fortum and … Continue reading Vestas and Fortum reach agreement on arbitration related to wind energy projects in Russia
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Vestas signs conditional order agreement for 1.1 GW offshore wind project in Scotland
Vestas has signed a conditional order agreement with Inch Cape Offshore Limited, a 50:50 joint venture between ESB and Red Rock Renewables, for the 1.1 GW Inch Cape wind farm in Scotland. The agreement is for the supply, installation and commissioning of 72 V236-15.0 MW wind turbines for the Inch Cape offshore wind farm. The … Continue reading Vestas signs conditional order agreement for 1.1 GW offshore wind project in Scotland
Continue readingVestas secures its largest onshore wind power plant to date in Japan with 134 MW order from Invenergy
Vestas has secured a 134 MW order from Invenergy for the Inaniwa wind power centre in Iwate Prefecture in Japan. It is Vestas’ largest onshore order to date in the Japanese market. The order includes the supply and installation supervision of 32 V117-4.2 MW wind turbines, as well as a 20-year Active Output Management 5000 … Continue reading Vestas secures its largest onshore wind power plant to date in Japan with 134 MW order from Invenergy
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Vestas bets on wind power in Brazil and invests heavily to expand wind turbine factory
Danish wind energy company Vestas announced a solid investment of US$ 23 million to expand its wind turbine production in Aquiraz, Ceará, reinforcing the confidence of international investors in the Brazilian wind energy market. This expansion focuses on the implementation of the V163-4.5 MW wind turbine production line, which represents a significant evolution in terms … Continue reading Vestas bets on wind power in Brazil and invests heavily to expand wind turbine factory
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Vestas secures first US offshore wind order for 810 MW Empire Wind 1 wind farm
Vestas has secured an 810 MW offshore wind order from Equinor for the Empire Wind 1 offshore wind farm in New York. The order includes 54 V236-15.0 MW wind turbines and marks Vestas’ first US order for an offshore platform and its industry-leading, certified V236-15.0 MW wind turbine. The order includes supply, delivery and commissioning … Continue reading Vestas secures first US offshore wind order for 810 MW Empire Wind 1 wind farm
Continue readingVestas secures 55 MW wind power order in Germany
The agreement with BWP GT Betriebs is for six 6.2 MW V162 wind turbines and three 6.0 MW V150 wind turbines. Delivery is planned for the third quarter of 2025 and commissioning of the wind farm by the end of 2025. Vestas will be responsible for maintenance of the wind turbines for 20 years. Vestas … Continue reading Vestas secures 55 MW wind power order in Germany
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1.1 GW of photovoltaics with hybridization of wind energy are authorized in Spain
The Official State Gazette of the last week includes announcements corresponding to projects for 1 GW, including 184 MW from TotalEnergies.Resolution of the General Directorate of Energy Policy and Mines, by which Progressum Energy is granted prior administrative authorization for the modifications and construction for the Serna I Solar photovoltaic plant with 107.79 MW of … Continue reading 1.1 GW of photovoltaics with hybridization of wind energy are authorized in Spain
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Vestas successfully develops Lotus Creek wind farm in Australia and secures 285 MW order from CS Energy
Vestas has received an order for the supply and installation (S&I) of 46 V162-6.2 MW wind turbines from Vestas’ EnVentus platform for CS Energy’s Lotus Creek wind farm, located in central Queensland. With a generation capacity of 285 MW, Vestas will also offer a long-term Active Output Management 5000 (AOM 5000) service agreement, which will … Continue reading Vestas successfully develops Lotus Creek wind farm in Australia and secures 285 MW order from CS Energy
Continue readingVestas announces orders for 400 MW wind turbines
Vestas has announced five wind power orders in America and Europe, totaling 404MW. The largest is a 252 MW order, for 56 of its V163-4.5 MW wind turbines for an undisclosed US wind farm. Delivery is planned for the third quarter of 2026 and commissioning will take place in the first quarter of 2027. It … Continue reading Vestas announces orders for 400 MW wind turbines
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Vestas: Narrowing of full-year outlook due to adjustments to planned costs in Service
Vestas narrows the financial outlook for 2024 on revenue to EUR 16.5bn-17.5bn (from EUR 16bn-18bn) and EBIT margin before special items to 4-5 percent (from 4-6 percent) based on adjustments to planned costs in the Service segment. Inflation indexation remains a key mechanism to protect profitability in the order backlog. However, adjustments to planned costs … Continue reading Vestas: Narrowing of full-year outlook due to adjustments to planned costs in Service
Continue readingWind power company Vestas will invest in the production of more modern wind turbines in Brazil
Vestas announced an investment of 130 million reais (about 23.6 million dollars) in the expansion of its factory in the Brazilian state of Ceará (northeast) to produce a more modern and powerful wind turbine model. Vestas, a world leader in the manufacturing of wind turbines, announced that it will produce the V163 model in Brazil, … Continue reading Wind power company Vestas will invest in the production of more modern wind turbines in Brazil
Continue readingVestas wins order for 41 MW of wind energy in Spain
Vestas has received an order for 41 MW for the Barranco del Agua II and Carrugueiro wind farms in Spain. The order is being placed by Green Mind Ventures, part of GreenVolt, and includes the supply and installation of six V163-4.5 MW and three V136-4.5 MW wind turbines, as well as a 20-year Active Output … Continue reading Vestas wins order for 41 MW of wind energy in Spain
Continue readingVestas wins 99 MW wind power project in Romania
Vestas has received an order for 99 MW from OX2 for an undisclosed wind energy project in Romania. Vestas will deliver 16 V162-6.2 MW wind turbines. The order also includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service the turbines under a 35-year Active Output Management 5000 (AOM 5000) … Continue reading Vestas wins 99 MW wind power project in Romania
Continue readingVestas wins order for 144 MW of wind energy in South Africa
Renewable energy producer African Clean Energy Developments (ACED) has placed an order for 144 MW for the Khangela Emoyeni wind farm, to be located in the Western Cape, South Africa. The contract includes the supply and installation of 32 V163-4.5 MW wind turbines, as well as a 10-year Active Output Management 5000 (AOM 5000) service … Continue reading Vestas wins order for 144 MW of wind energy in South Africa
Continue readingVestas is awarded a 49 MW wind energy project in Germany
Vestas has received a 49 MW order from WindBauer GmbH for the Bartow Pfalz wind energy project in Mecklenburg-Vorpommern, Germany. Vestas will deliver six V162-7.2 MW and one V150-6.0 MW wind turbines, and the order includes the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service the turbines under a long-term … Continue reading Vestas is awarded a 49 MW wind energy project in Germany
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Vestas secures 795 MW order for OranjeWind offshore wind farm in the Netherlands
Vestas has received a firm order for wind turbines for the OranjeWind offshore wind farm, formerly Hollandse Kust West VII, in the Netherlands. Vestas will supply 53 V236-15.0 MW wind turbines and is responsible for the supply, delivery and commissioning of the wind turbines. Upon completion, Vestas will service the assets under a 5-year comprehensive … Continue reading Vestas secures 795 MW order for OranjeWind offshore wind farm in the Netherlands
Continue readingVestas wins 136 MW wind power repowering order in US
Vestas has received an order for 136 MW to repower an undisclosed wind farm in the United States. The order consists of 62 V120-2.2 MW™ wind turbines. The order includes the supply, delivery and commissioning of the wind turbines, as well as a multi-year operational support agreement, designed to ensure optimized performance of the asset. … Continue reading Vestas wins 136 MW wind power repowering order in US
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