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    VWS   DK0061539921

VESTAS WIND SYSTEMS A/S

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Real-time Estimate Cboe Europe  -  03:33 2022-11-29 am EST
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Vestas wins a 74 MW EPC order for a wind project in Lithuania

09/30/2022 | 11:46am EST

News release from Vestas Northern and Central Europe
Hamburg, 30 September 2022

Vestas has received an engineering, procurement and construction (EPC) order for a 74 MW wind project in Lithuania. Aside from manufacturing, delivering, and installing the wind turbines, Vestas will also be the balance-of- plant (BoP) contractor, meaning it will deliver all civil and electrical works.

Leveraging the versatility and the strong performance of the EnVentus platform technology, the project consists of 12 V162-6.2 MW wind turbines together with a 35-year full maintenance contract (AOM 5000) to maximise annual energy production.

This order in Lithuania comes on the heal of Vestas' successful completion of the Tārgale wind park in Latvia.

"Vestas is thrilled to deliver its next project in Lithuania, the Baltic states have a large untapped onshore and offshore wind potential and are an important market for us" says William Gaillard, Vice President Sales East & Business Development at Vestas. "This order shows the versatility of the EnVentus platform that delivers a higher level of robustness and performance with the ability to create an even more finely matched combination of turbines to harness available wind energy in any specific location."

The delivery and installation of the wind turbines are expected to occur in the second quarter of 2023, and the commissioning to commence in the third quarter of 2023.

The customer and project are undisclosed.


For more information, please contact:
Yannick Kramm
External Communications Specialist, Vestas Northern & Central Europe 
Mail: yankr@vestas.com
Tel: +44 (0)77 9528 4694


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-wins-a-74-mw-epc-order-for-a-wind-project-in-lithuania,c3640791

https://mb.cision.com/Public/18886/3640791/86b1bd181a852f91.pdf

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

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Sales 2022 14 907 M 15 479 M 15 479 M
Net income 2022 -1 005 M -1 043 M -1 043 M
Net Debt 2022 696 M 723 M 723 M
P/E ratio 2022 -24,0x
Yield 2022 0,10%
Capitalization 23 734 M 24 646 M 24 646 M
EV / Sales 2022 1,64x
EV / Sales 2023 1,56x
Nbr of Employees 28 286
Free-Float 99,5%
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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