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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 A/S : secures 151 MW order from Capital Power

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06/30/2020 | 04:33pm EDT

News release from Vestas-Canadian Wind Technology
Portland, 30 June 2020
Vestas has received a 151 MW order of V136-3.45 MW turbines delivered in 3.6 MW Power Optimised Mode from Capital Power for the 97 MW Whitla Wind 2 and 54 MW Whitla Wind 3 projects in Alberta, Canada. 

The order includes supply and commissioning of the turbines as well as a 10-year service agreement, designed to ensure optimised performance for the lifetime of the project. Turbine delivery and commissioning are scheduled for 2021.

"Our ongoing relationship with Vestas supports our efforts to expand our renewable portfolio and deliver responsible energy for tomorrow," said Darcy Trufyn, Senior Vice President, Operations, Engineering and Construction, of Capital Power. "We're pleased to further implement Vestas technology at our Whitla Wind facility to create operational synergies across our fleet and optimise costs and maintenance considerations".

"We're pleased to again partner with Capital Power in expanding their wind portfolio to deliver low-cost wind power that maximises profitability for their investors," said Chris Brown, President of Vestas' sales and service division in the United States and Canada. "The 4 MW technology is ideally suited for Alberta's wind environment, and our unparalleled service operations solutions will keep Capital Power's projects operating at full capacity to provide reliable and renewable energy for the long-term".

Whitla Wind 2 and 3 expand on the 202 MW Whitla Wind 1 Project, installed in 2019 and featuring the same turbine type.  Whitla Wind 1 was selected as one of four projects by the Alberta Electric System Operator (AESO) in Alberta's first renewable energy auction, a competition that attracted global participation.

Alberta plans to add up to 5,000 MW of renewable energy to the grid by 2030. Alberta is the third largest wind market in Canada, which ranks 9th in the world for installed capacity. Wind has been the number one source of new electricity generation in Canada for more than a decade.
For more information, please contact:
Chante Condit-Pottol
Communications Specialist, Media & External Relations 
Mail: CHCPO@vestas.com
Tel: +1 (503) 708-6668

 

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 115 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 98 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 25,500 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:

·
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-secures-151-mw-order-from-capital-power,c3145903

https://mb.cision.com/Public/18886/3145903/b3461f5fe55767b9.pdf

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

Stocks mentioned in the article
ChangeLast1st jan.
CAPITAL POWER CORPORATION -0.75% 29.18 Delayed Quote.-15.15%
VESTAS WIND SYSTEMS A/S 1.68% 933.2 Delayed Quote.38.62%
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Sales 2020 14 396 M 17 016 M 17 016 M
Net income 2020 605 M 715 M 715 M
Net cash 2020 2 384 M 2 818 M 2 818 M
P/E ratio 2020 41,4x
Yield 2020 0,83%
Capitalization 24 761 M 29 318 M 29 267 M
EV / Sales 2020 1,55x
EV / Sales 2021 1,52x
Nbr of Employees 25 865
Free-Float 99,4%
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Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President