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    VWS   DK0061539921

VESTAS WIND SYSTEMS A/S

(VWS)
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Delayed Nasdaq Copenhagen  -  10:59 2022-12-02 am EST
184.12 DKK   +1.60%
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Vestas closes an agreement with ENGIE to implement the largest wind project in Latin America

09/30/2022 | 08:00am EST

News release from Vestas Latin America
São Paulo, 30 September 2022

Engie Brasil Energia SA, has signed an agreement with Vestas for the Serra de Assuruá wind park in the state of Bahia, in the municipality of Gentio do Ouro, Brazil. The project has a total nameplate capacity of 846 MW once fully installed, making it the largest wind project in Latin America.

The firm order includes the initial supply, installation, operation and maintenance of 120 V150-4.5 MW turbines for the 540 MW first phase of Serra de Assuruá. In addition to phase 1, the contract includes the option for ENGIE to purchase another 68 units by the end of 2022 for phase two of the wind park. Vestas will also deliver a 25-year Active Output Management 5000 (AOM 5000) service agreement. This agreement will optimise energy production while also providing long-term business case certainty.

"Vestas is pleased to work in partnership with ENGIE Brasil Energia and reinforce both companies' interest in accelerating the energy transition in the country. We will continue to play an active role in the development of Brazil's renewable energy system with the continued collaboration and trust of our partners and through high-impact projects such as Serra de Assuruá", says Eduardo Ricotta, President of Vestas Latin America.

The delivery and commercial operation of Serra do Assuruá is estimated to start gradually from the second half of 2024.

With this project, Vestas surpasses the milestone of 8 GW of order intake in Brazil for 4 MW platform wind turbines since 2018, consolidating it as the best-selling wind turbine platform of all time in Brazil. Since the platform was introduced in 2010, Vestas has installed more than 59 GW of 4 MW platform wind turbines across the world.


For more information, please contact:
Jonathan Bendix Colombo
Head of Marketing and Communication - Vestas Latin America
Email: jbeco@vestas.com


About Vestas
Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 157 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 137 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 28,000 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-closes-an-agreement-with-engie-to-implement-the-largest-wind-project-in-latin-america,c3640610

https://mb.cision.com/Public/18886/3640610/a2569378e488fdb9.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ENGIE -0.22% 14.454 Real-time Quote.11.07%
ENGIE BRASIL ENERGIA S.A. -0.47% 40.02 Delayed Quote.4.35%
VESTAS WIND SYSTEMS A/S 1.60% 184.12 Delayed Quote.-7.94%
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Financials
Sales 2022 14 904 M 15 628 M 15 628 M
Net income 2022 -1 013 M -1 062 M -1 062 M
Net Debt 2022 571 M 599 M 599 M
P/E ratio 2022 -24,9x
Yield 2022 0,09%
Capitalization 24 995 M 26 208 M 26 208 M
EV / Sales 2022 1,72x
EV / Sales 2023 1,64x
Nbr of Employees 28 286
Free-Float 99,5%
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Last Close Price 24,77 €
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Managers and Directors
Henrik Andersen President & Group Chief Executive Officer
Hans-Martin Smith Chief Financial Officer
Bert ┼ke Stefan Nordberg Chairman
Anders Nielsen Chief Technology Officer & EVP-Power Solutions
Tommy Rahbek Nielsen Chief Operating Officer