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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 : wins 36 MW repowering order with Vattenfall in the Netherlands

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06/30/2020 | 01:49pm EDT

News release from Vestas Northern and Central Europe
Hamburg, 30 June 2020 
Vestas has received an order from Vattenfall Wind Development Netherlands B.V. for the Jaap Rodenburg II project in the Netherlands. The wind project will be installed in the Province Flevoland, near Almere and will feature ten V117-3.45 MW turbines with 91.5 m towers delivered in 3.6 MW Power Optimised Mode to maximise energy production in the site's medium to high wind conditions, while meeting the local tip height requirements. This repowering project will replace the 10 V66 turbines and will more than double the installed capacity at the location.

"In Vestas we find a well-known and valued business partner and we look forward to work together to realise Jaap Rodenburg II. Vattenfall wants to make fossil free living possible within one generation. Expanding renewable generation capacity is a core part of that mission", says Joost de Gooijer, Project Development Manager, Vattenfall Wind Development Netherlands B.V. "With the V117 we selected a reliable turbine, with proven technology which we believe is the best solution for this site".

"This project enables a highly competitive business case for our valued, long-term business partner and offers the lowest cost of energy to the Dutch energy consumers. It marks another step forward for renewable energy in the Netherlands", states Nils de Baar, President of 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 10-years Active Output Management 5000 (AOM 5000) service agreement.

Deliveries are expected to begin in the first quarter of 2021, while commissioning is planned for the second 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 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.

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-wins-36-mw-repowering-order-with-vattenfall-in-the-netherlands,c3145840

https://mb.cision.com/Public/18886/3145840/aa921aaca0370a53.pdf

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

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Sales 2020 13 855 M 16 263 M 16 263 M
Net income 2020 671 M 787 M 787 M
Net cash 2020 2 400 M 2 817 M 2 817 M
P/E ratio 2020 260x
Yield 2020 0,12%
Capitalization 166 B 26 188 M 195 B
EV / Sales 2020 11,8x
EV / Sales 2021 11,6x
Nbr of Employees 25 948
Free-Float 98,4%
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