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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems A/S    VWS   DK0010268606

VESTAS WIND SYSTEMS A/S

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Vestas Wind : debuts the EnVentus V162-5.6 MW turbine on the Swedish wind market

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02/17/2020 | 05:12am EDT

News release from Vestas Northern and Central Europe
Hamburg, 17 February 2020

Vestas has secured a 39 MW order and a 30-year service contract from long-term customer Stena Renewables AB for the Riskebo wind energy project in the Hedemora Municipality in Sweden. 

The project will be the first in Sweden to leverage the EnVentus V162-5.6 MW turbine's rotor size and high capacity factor to achieve industry-leading energy production. 

"We are building this project in collaboration with a strong regional developer and wind turbine owner, Dala Vind AB. The new Vestas EnVentus platform helps us utilise the projects total potential with a high yearly production and long turbine lifetime, providing society with a tremendous amount of sustainable electricity over the coming years", says Peter Zachrisson, CEO of Stena Renewables.  

"With this order we continue to build on our valued collaboration with Stena Renewables AB, with whom we have a strong partnership in the Nordics. Together, we have developed the most suitable and versatile solution for the Riskebo wind power plant, leveraging the large operational envelope and exceptional energy capture of the V162-5.6 MW turbine variant from our EnVentus platform", states Juan Furones, Director Sales Sweden, Finland & Estonia, Vestas Northern & Central Europe.

The project will feature a VestasOnline[®] Business SCADA solution, lowering turbine downtime and thus optimising the energy output. The contract further includes supply, installation and commissioning of the wind turbines, as well as a 30-year Active Output Management 5000 (AOM 5000) service agreement.

Turbine delivery is expected to begin in the third quarter of 2021, while commissioning is planned for the fourth quarter of 2021.
For more information, please contact:
Christina Schmidt
Communications Partner
Vestas Northern & Central Europe
Tel: +49 40 46778 5153
Mobile: +49 (0) 160 90141736
Email: chbut@vestas.com
About Vestas
Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 113 GW of wind turbines in 81 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 96 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas' more than 25,000 employees are bringing the world sustainable energy solutions to power a bright future.

We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

· www.twitter.com/vestas
· www.linkedin.com/company/vestas
· www.facebook.com/vestas
· www.instagram.com/vestas
· www.youtube.com/vestas

https://news.cision.com/vestas-wind-systems-a-s/r/vestas-debuts-the-enventus-v162-5-6-mw-turbine-on-the-swedish-wind-market,c3036955

https://mb.cision.com/Public/18886/3036955/921ff12d9fec2dfc.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials (EUR)
Sales 2020 14 119 M
EBIT 2020 1 112 M
Net income 2020 816 M
Finance 2020 2 435 M
Yield 2020 1,70%
P/E ratio 2020 17,8x
P/E ratio 2021 16,2x
EV / Sales2020 0,86x
EV / Sales2021 0,85x
Capitalization 14 548 M
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Average target price 90,51  €
Last Close Price 74,47  €
Spread / Highest target 49,2%
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Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
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Marika Fredriksson Chief Financial Officer & Executive Vice President
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