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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 32 MW auction win in France

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06/30/2020 | 02:21pm EDT

News release from Vestas Mediterranean
Madrid, 30 June 2020

The renewable energy producer Elicio has placed a 32 MW order for the Le Haut Plateau wind project in France. The contract includes the supply and installation of nine V136-3.45 MW wind turbines delivered in 3.6 Power Optimised Mode, as well as an Active Output Management 5000 (AOM 5000) service agreement for at least the next 20 years.

Peter Goderis, Director Engineering & Construction at Elicio France, said: "Wind energy has a significant growth potential in France and is at the heart of Elicio's strategy to contribute towards a cleaner and cost-effective energy powered world. Further to Elicio's successful tariff selection for this wind farm at Department Somme, we are committed with Vestas to making this project a success".

Turbine delivery will begin in the third quarter of 2021, with commissioning scheduled for the fourth quarter of the same year.

"I would like to thank Elicio for the trust they have placed in the competitiveness of our 4 MW platform. This order further strengthens Vestas' market leadership in France and reaffirms the suitability of our portfolio for the French market", says Vestas France Country Manager, Hugues Faivre.

Since the installation of its first turbine in France in 1991, Vestas has led the country's wind industry with over 5.1 GW capacity installed and over 2,300 wind turbines. Last year, Vestas secured a 40 percent market share, placing the company as the main contributor to the expansion of wind energy in France.
For more information, please contact:
Andrés Domínguez
Communications Consultant
Vestas Mediterranean
Tel.: +34 649294007
Email: andms@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 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 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-32-mw-auction-win-in-france,c3145852

https://mb.cision.com/Public/18886/3145852/bb53bce269e9c775.pdf

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

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Sales 2020 14 396 M 17 011 M 17 011 M
Net income 2020 605 M 715 M 715 M
Net cash 2020 2 384 M 2 817 M 2 817 M
P/E ratio 2020 309x
Yield 2020 0,11%
Capitalization 185 B 29 318 M 218 B
EV / Sales 2020 12,7x
EV / Sales 2021 12,6x
Nbr of Employees 25 865
Free-Float 99,4%
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Average target price 110,79 €
Last Close Price 933,20 €
Spread / Highest target -84,9%
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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