|Bid||540.00 x 0|
|Ask||540.20 x 0|
|Day's Range||527.60 - 540.40|
|52 Week Range||395.80 - 615.80|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||124.90|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||7.44 (1.38%)|
|1y Target Est||497.32|
Vestas has secured a 61 MW order with customer wpd for the two wind projects Chuangwei and Leadway in Taiwan. The order is the first deal confirmed under a strategic frame agreement signed between Vestas and wpd for over 400 MW of onshore wind projects in Taiwan.
Leaders of the wind power industry have warned that the global trade war could endanger progress on renewable energy, as slowing growth in clean energy projects risks the goals of the Paris climate accord. “Trade wars do real damages to business by inflating prices,” said Henrik Andersen, chief executive of Denmark-based Vestas, the world’s biggest wind turbine manufacturer. “When tariffs impact new technologies like renewable energy, it makes them less competitive,” he added.
News release from Vestas-American Wind TechnologyPortland, 30 September 2019 Vestas has received an order for 337 MW of V150-4.2 MW turbines and V136-3.45 turbines.
Vestas has secured a 31 MW order from Windpark Albertshof GmbH & Co. KG, a subsidiary of the public utility Berliner Stadtwerke GmbH, for a wind park near Albertshof, Brandenburg. Vestas provides a full engineering, procurement and construction (EPC) solution, leveraging its extensive experience from turnkey projects globally. Apart from the supply and installation of the wind turbines, the order includes civil and electrical works, building and commissioning of a substation, grid connection, as well as a 23-year Active Output Management 5000 (AOM 5000) service agreement.
News release from Vestas-American Wind TechnologyPortland, 30 September 2019 Vestas has received an order for 256 MW of V120-2.2 MW turbines for a wind project in the.
News release from Vestas-American Wind TechnologyPortland, 30 September 2019 Vestas has secured an order for 134 MW of V110-2.0 turbines for a wind project in the.
Glennmont Partners has together with the Finnish developer Ilmatar Energy placed an order with Vestas for the 211 MW Piiparinmäki wind project in the municipalities of Pyhäntä and Kajaani in Finland. Furthermore, a majority of the offtake from the project is backed by a corporate power purchase agreement (PPA) with Google, enabling the project to be built on a purely merchant basis. Glennmont Partners recently acquired the project from Ilmatar Energy.
E2i Energie Speciali has placed a 43 MW order for two merchant repowering projects in the province of Chieti, Italy. For the Roccaspinalveti wind park, 24 V47-660 kW wind turbines will be replaced by nine V112-3.3 MW turbines, while the Castiglione Messer Marino will include four V112-3.3 MW wind turbines to replace third-party turbines. The order comes shortly after Vestas has finalised two other repowering projects, the Castiglione Messer Marino and the Schiavi d’Abruzzo wind parks, for E2i in Italy, demonstrating Vestas’ ability to create a strong business case in replacing older turbines with newer and more efficient variants.
Vestas has won a 16 MW auction-derived order from Iberdrola for the Pyrgari wind park located in Viotía, Greece. The contract includes the supply and installation of four V150-4.2 MW wind turbines delivered in 4.0 MW operating mode, as well as a 10-year Active Output Management 5000 (AOM 5000) service agreement. The Pyrgari wind park, which was awarded in the renewable energy auction held in Greece in July 2018, reinforces Vestas’ leadership in the Greek auctions where it has won more of the auctioned capacity than any other solutions provider.
News release from Vestas-American Wind TechnologyPortland, 30 September 2019 Vestas has secured an order for 230 MW of V136-3.45 MW turbines delivered in 3.6.
News release from Vestas-American Wind TechnologyPortland, 30 September 2019 Vestas has secured an order for 359 MW of V120-2.2 MW turbines for a wind project in the.
Vestas continues to introduce new products to the market to lower the cost of renewable energy, meet evolving customer demand and drive the energy transition forward, bringing changes to our product portfolio at a historically high pace. To meet the manufacturing requirements of our changing product portfolio – including the introduction of our EnVentus platform and 4 MW platform variants – Vestas intends to scale down production of V136 blades and invest in other blade types and capabilities according to market demand. The changes in Vestas’ product portfolio calls for a scale-down of V136 blade production in Europe while investing in other blade types such as V117 and V150.
There has been a persistent but largely uneventful conversation about climate change over the last several years. Democrats in the U.S. House of Representatives introduced a “Green New Deal” last spring. While it was voted down, all of the Democratic candidates for president in 2020 have made climate change a key campaign issue.
Since Greece began its transition to an auction-based renewable energy system last year, Vestas has won more of the auctioned capacity than any other solutions provider. Volterra S.A. has placed a 54 MW order for 15 V117-3.45 MW wind turbines delivered in 3.6 MW Power Optimised Mode for two wind parks in the Viotia region.
News release from Vestas MediterraneanMadrid, 26 September 2019 Vestas has won an undisclosed order for an 88 MW wind park in Greece with a 20-year Active.
Vestas has secured a 168 MW order for a wind park in Mexico. The order derives from a corporate power purchase agreement (PPA) and includes the supply and installation of 42 wind turbines of the 4 MW platform with V150 rotors. The order also includes an Active Output Management 5000 (AOM 5000) service agreement for the operation and maintenance of the wind park over the next five years.
Vestas has won a 43 MW order for three wind parks in Greece. The contract includes the supply and installation of 12 V136-3.6 MW for the Didima, Mavra Litharia and Dio Petres projects located in northern Greece. The order has been placed by Pavlidis S.A., a Greek marble and granite producer, and also comprises a 20-year Active Output Management 4000 (AOM 4000) service agreement.
Vestas has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway. Vestas has developed a solution to fit the site’s wind conditions that includes eight V136-4.2 MW turbines and a long-term service contract to optimise energy production for the lifetime of the project in a high wind location. “After 21 years of development of the Haram wind farm project we are delighted to finally build the project.
In accordance with Article 19 (3) of the EU Market Abuse Regulation, Vestas Wind Systems A/S is required to disclose information regarding trading in Vestas Wind Systems A/S shares and securities by Executives and persons closely associated with an Executive. The statement is based on a report which Vestas Wind Systems A/S has received from one of the Executives on 9 September 2019, see appendix.
Vestas is proud to announce it will be a Principal Partner of the Mercedes-Benz EQ Formula E Team as part of our journey to help create a world powered by wind energy and other renewables. Under the team tagline, “Powered by Vestas”, the long-term partnership will see us joining the many teams, fans and sponsors in some of the world’s most famous cities, starting with the ABB FIA Formula E Championship’s sixth season. With our own history of innovation and purpose, Vestas will use this sponsorship of the Mercedes-Benz EQ Formula E team to play a larger role in the global conversation around making renewables the foundation of our energy system, including mobility.
Vestas has received an 11 MW order from long-term customer NOTUS energy Plan GmbH & Co. KG for two V150-5.6 MW turbines and a 25-year service contract for the Beesenberg II wind project in Brandenburg, Eastern Germany. The turbines will be integrated to the already installed wind power plant Beesenberg and Lübbenow, where the first German V150-4.2 MW turbines, ordered in 2018, are currently under construction. “As an experienced project developer and successful, long-term partner of Vestas, we trust the versatile and highly efficient energy solutions they provide.
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