Danish wind power company Vestas has received an order from Germany's RWE for the Vanguard East offshore wind project in the United Kingdom, with a capacity of 1.38 gigawatts.
The order includes the delivery, installation, and commissioning of 92 V236-15.0 MW turbines, as well as a five-year service agreement followed by a long-term operational support agreement.
Deliveries are expected to begin in the fourth quarter of 2028, with commissioning planned for 2030. RWE aims for a final investment decision in the summer of 2026.
Vestas Wind Systems A/S is the world's leading manufacturer of wind turbines. Net sales by activity break down as follows:
- sale of wind turbines and wind energy production systems (78.6%): 2,837 turbines and systems (with a total capacity of 12,900 MW) delivered in 2024. The group also sells replacement parts;
- services (21.4%): notably maintenance services and warranty extension agreements.
Net sales are distributed geographically as follows: Denmark (2%), Germany (13.4%), Europe/Middle East/Africa (31.2%), the United States (20%), Brazil (10.1%), Americas (8.7%) and Asia/Pacific (14.6%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.