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

VESTAS WIND SYSTEMS

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Vestas wins 61 MW order with Taiwan's largest onshore rotor

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10/21/2019 | 04:26am EST

News release from Vestas Asia Pacific
Singapore, 21 October 2019

Vestas has secured a 61 MW order with customer wpd for the two wind projects Chuangwei and Leadway in Taiwan. Vestas will supply, transport, install and commission a total of 17 V117-3.45 MW wind turbines delivered in 3.6 MW Power Optimised Mode that will feature Taiwan’s largest onshore rotors to optimise energy production in the sites’ medium to high wind conditions.  

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.

“It is really fantastic to see the traction that we are gaining in Taiwan with the third order in less than 12 months. Taiwan is an important market to us in Asia Pacific and I am excited to see our position strengthening here, having closed more than 100 MW this year”, said Clive Turton, President of Vestas Asia Pacific.

“This deal cements our market leadership in Taiwan and is particularly important to Vestas as the first projects where we will manage the full logistics and turbine installation activities, which are particularly challenging in this market, helping de-risk the project for the benefit of our client”, said Tommaso Rovatti Studihrad, Sales Director of Vestas Asia Pacific. “We thank wpd for entrusting us with these projects which will further strengthen our relationship in this region”.

The order includes a 15-year Active Output Management 4000 (AOM 4000) service agreement, designed to maximise uptime and ensure optimised performance for both sites. Commercial operations at both Chuangwei and Leadway are expected to commence in the last quarter of 2020.

For more information, please contact:
Stephanie Foo
Tel: +65 9645 4558   
Mail: FOHKH@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 105 GW of wind turbines in 80 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 86 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 24,500 employees are bringing the world sustainable energy solutions to power a bright future.

For updated Vestas photographs and videos, please visit our media images page on:
https://www.vestas.com/en/media/images.


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

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Financials (EUR)
Sales 2019 11 739 M
EBIT 2019 1 000 M
Net income 2019 733 M
Finance 2019 2 739 M
Yield 2019 1,30%
P/E ratio 2019 23,4x
P/E ratio 2020 18,2x
EV / Sales2019 1,22x
EV / Sales2020 1,04x
Capitalization 17 062 M
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Last Close Price 86,42  €
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