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Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

437.80DKK
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Vestas Says To Upgrade IKEA's Wind Turbines
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Vestas Wind Systems A/S ::WILL UPGRADE LONG-TIME CUSTOMER IKEA GROUP'S GLOBAL PORTFOLIO OF VESTAS TURBINES, EQUALLING 316 MW.  Full Article

Vestas India Gets 20 MW Order From Ecoren Energy
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Vestas Wind Systems A/S ::RECEIVES SECOND ORDER FROM ECOREN ENERGY IN 2018.ECOREN ENERGY HAS PLACED AN ORDER WITH VESTAS FOR 20 MW MULLUR WIND FARM IN STATE OF KARNATAKA, INDIA.  Full Article

Vestas Gets 159 MW WInd Turbine Order In Senegal
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Vestas Wind Systems A/S ::VESTAS ENTERS NEW MARKET WITH 159 MW EPC ORDER FOR THE FIRST LARGE UTILITY-SCALE WIND PROJECT IN SENEGAL.TURBINE DELIVERY, AS WELL AS COMMISSIONING ARE PLANNED TO BE ACCOMPLISHED IN THREE PHASES: DELIVERIES BETWEEN THE SECOND AND THE THIRD QUARTERS OF 2019, WHILST COMMISSIONING BETWEEN THE THIRD QUARTER OF 2019 AND THE FIRST QUARTER OF 2020.  Full Article

Wind Turbine Maker Vestas To Cease Production At Factory In Spain
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Vestas Wind Systems A/S ::TO ADJUST MANUFACTURING FOOTPRINT TO REGIONAL DEMAND, VESTAS INTENDS TO CEASE PRODUCTION AT FACTORY IN LEÓN, SPAIN.SAYS VESTAS INTENDS TO CEASE PRODUCTION AT ITS ASSEMBLY FACTORY IN LEÓN, SPAIN, AFFECTING ALL OF FACTORY'S 362 EMPLOYEES.RECENT MARKET DEVELOPMENTS HAVE SEEN A DECREASING DEMAND FOR THE 2 MW WIND TURBINE PLATFORM IN EUROPE, WHILE THE DEMAND FOR THE 4 MW PLATFORM IN THE REGION CAN BE MET BY LESS CAPACITY THAN CURRENTLY PROVIDED BY NACELLES FACTORIES IN EUROPE AND OTHER REGIONS WHERE VESTAS RECENTLY HAS ESTABLISHED PRODUCTION CAPACITY.THE FINANCIAL COST OF CEASING PRODUCTION AT THE ASSEMBLY FACTORY IN LEON WILL MAINLY RELATE TO WRITE DOWN OF LAND AND BUILDINGS. THESE COSTS WILL BE BOOKED AS SPECIAL ITEMS AND WILL BE INCLUDED IN THIRD QUARTER OF 2018.  Full Article

MHI Vestas in conditional deal for offshore wind turbine project
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Vestas Wind Systems A/S ::MHI VESTAS OFFSHORE WIND HAS ENTERED INTO A CONDITIONAL AGREEMENT FOR AN OFFSHORE PROJECT.MHI VESTAS OFFSHORE WIND A/S HAS SIGNED A CONDITIONAL AGREEMENT FOR SUPPLY OF WIND TURBINES FOR AN OFFSHORE PROJECT NOT MATERIALLY ABOVE VESTAS' ANNOUNCEMENT THRESHOLD FOR OFFSHORE PROJECTS OF 800 MW.PROJECT IS TO BE DELIVERED BY MHI VESTAS OFFSHORE WIND AND WILL NOT ENTER INTO ORDER BACKLOG OF VESTAS WIND SYSTEMS A/S.IF AND WHEN PROJECT TRANSLATES INTO A FIRM AND UNCONDITIONAL ORDER, VESTAS WIND SYSTEMS A/S WILL DISCLOSE A COMPANY ANNOUNCEMENT ABOUT THIS.  Full Article

Vestas Gets 69 MW Order In Serbia
Thursday, 12 Jul 2018 

July 12 (Reuters) - Vestas Wind Systems A/S ::CUSTOMISED TOWER SOLUTION SECURES VESTAS’ LARGEST ORDER IN SERBIA.SAYS MK FINTEL WIND A.D. BEOGRAD HAS PLACED AN ORDER FOR 20 V126-3.45 MW TURBINES FOR 69 MW KOSAVA I WIND PARK IN SERBIA.  Full Article

Vestas Gets 112 MW Order In Australia
Thursday, 12 Jul 2018 

July 12 (Reuters) - VESTAS WIND SYSTEMS A/S SAYS::AUSTRALIAN-BASED PALISADE INVESTMENT PARTNERS LIMITED (PALISADE) HAS PLACED A 112 MW TURNKEY ORDER WITH VESTAS FOR THE GRANVILLE HARBOUR WIND FARM IN TASMANIA, AUSTRALIA.THE ORDER INCLUDES CIVIL AND ELECTRICAL WORKS, SUPPLY AND COMMISSIONING OF 31 V126-3.6 MW TURBINES AS WELL AS A 25-YEAR ACTIVE OUTPUT MANAGEMENT 5000 (AOM 5000) SERVICE AGREEMENT.COMMERCIAL OPERATIONS AT GRANVILLE HARBOUR ARE SCHEDULED TO COMMENCE IN THE FOURTH QUARTER OF 2019.  Full Article

TPI And Vestas Expand Relationship In Mexico
Monday, 9 Jul 2018 

July 9 (Reuters) - TPI Composites Inc ::TPI AND VESTAS EXPAND RELATIONSHIP IN MEXICO.TPI COMPOSITES- VESTAS WIND SYSTEMS A/S HAS EXERCISED AN OPTION TO ADD 2 MORE V136 BLADE MANUFACTURING LINES UNDER EXISTING MULTIYEAR SUPPLY AGREEMENT.TPI COMPOSITES INC - TPI WILL PRODUCE BLADES FROM SIX LINES FOR VESTAS AT TPI'S NEW MANUFACTURING HUB IN MATAMOROS, MEXICO.  Full Article

Vestas To Restructure China Sales Business Unit
Tuesday, 3 Jul 2018 

July 3 (Reuters) - VESTAS WIND SYSTEMS A/S SAYS::CHINA'S ENERGY REGULATOR HAS ANNOUNCED POLICY THAT REQUIRES FUTURE WIND PROJECTS TO BE AWARDED THROUGH AN AUCTION SYSTEM FOCUSING ON GRID PARITY BY 2020 AND GOVERNMENT APPROVALS.FOLLOWING ANNOUNCEMENT OF AUCTION SYSTEM, VESTAS WILL RESTRUCTURE ITS CHINA SALES BUSINESS UNIT TO INCREASE AGILITY AND LOCAL PRESENCE IN THE DIVERSE CHINESE MARKET SEGMENTS.THE RESTRUCTURING INCLUDES THREE SUB-REGIONS COVERING CHINA NORTH, CHINA CENTRAL AND CHINA COASTAL, AND NEW LEADERSHIP. BEIJING WILL REMAIN THE HEADQUARTERS.GOING FORWARD, VESTAS CHINA WILL HAVE A CO-LEADERSHIP TEAM CONSISTING OF THOMAS KELLER, CURRENTLY VESTAS CHINA CHIEF FINANCIAL OFFICER, AND ANNE VEDEL, VICE PRESIDENT, PRODUCT MANAGEMENT CHINA.  Full Article

MHI Vestas Gets Firm Order For Borssele III/IV Wind Project In The Netherlands
Thursday, 28 Jun 2018 

June 28 (Reuters) - MHI Vestas Offshore Wind, a joint venture between Denmark's Vestas Wind Systems and Japan's Mitsubishi Heavy Industries <7011.T>:MHI VESTAS SAYS GETS FIRM ORDER FOR THE BORSSELE III/IV PROJECT IN THE NETHERLANDS, UTILISING 77 V164-9.5 MW TURBINES.The firm signed a conditional agreement last year for the project [Has signed a conditional agreement ].  Full Article

Kenya 428 km power line complete, to add 310 MW to grid by December

LOIYANGALANI, Kenya, Sept 5 Reuters) - A high voltage power line to carry electricity from a 310 megawatt (MW) wind power plant to central Kenya from the north is complete and supply to the national grid will stabilise by December, the energy minister said, replacing diesel generation.