Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems A/S    VWS   DK0010268606

VESTAS WIND SYSTEMS A/S

(VWS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Vestas Wind A/S : provides tailored solution to secure its ninth intertidal wind project in Vietnam

10/12/2020 | 04:33am EST

News release from Vestas Asia Pacific
Singapore, 12 October 2020
An order for a 29 MW wind project from the Vietnamese developer, Soc Trang Energy Joint Stock Company, a subsidiary of Xuan Cau Company Limited, has underlined Vestas' ability to provide site-specific solutions for complex and challenging site conditions that require careful planning and execution.

Located in Soc Trang, a province in the Mekong Delta of southern Vietnam, the Soc Trang 7 wind project will feature seven V150-4.2 MW turbines with customised towers placed on reinforced onshore foundations raised above sea level in the shallow near-shore waters.

Vestas will work closely with the customer to handle the complexity of planning and executing the intertidal project, and will supervise the installation of the turbines, strategically placed to exploit the full potential of the Mekong Delta region's favourable wind conditions. This will be Vestas' ninth intertidal order since winning its first intertidal order in Vietnam less than a year ago in December 2019.

"Having won over 1 GW of new wind projects in Vietnam, this deal underlines the confidence that our customers have in us and our ability to develop wind energy solutions for complex and challenging environments," said Clive Turton, President of Vestas Asia Pacific. "Vestas is proud to partner with local developers like Xuan Cau Company Limited, who are eager to expand their renewable footprint in Vietnam. We look forward to working closely with them to grow the large potential for intertidal wind projects in the region".

The order also includes a 20-year Active Output Management 5000 (AOM 5000) service agreement, designed to maximise energy production for the site. With a yield-based availability guarantee, Vestas will provide the customer with long-term business case certainty.

The project is planned to achieve commissioning in the third quarter of 2021.
For more information, please contact:
Stephanie Foo
Senior Manager, Marketing & Communications, Asia Pacific
Tel: +65 9645 4558  
Mail: FOHKH@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 117 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 104 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-provides-tailored-solution-to-secure-its-ninth-intertidal-wind-project-in-vietnam,c3214257

https://mb.cision.com/Public/18886/3214257/b1451ae4ff975d29.pdf

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

All news about VESTAS WIND SYSTEMS A/S
08:22aShares in wind turbine maker Nordex fall after share sale
RE
12/01VESTAS WIND A/S : wins 534 MW order in Brazil to extend Casa dos Ventos' wind pa..
PU
12/01VESTAS WIND A/S : wins 534 MW order in Brazil to extend Casa dos Ventos' wind pa..
AQ
12/01VESTAS WIND A/S : receives 534 MW onshore order in Brazil
AQ
11/30MITSUBISHI HEAVY INDUSTRIES : European Commission approves Vestas and Mitsubishi..
AQ
11/30VESTAS WIND SYSTEMS : From Neutral to Buy by Kepler Cheuvreux
MD
11/27VESTAS WIND A/S : European Commission approves Vestas and Mitsubishi Heavy Indus..
AQ
11/27VESTAS WIND A/S : Agreement to acquire offshore business in joint venture approv..
AQ
11/27VESTAS WIND A/S : strengthens its leadership in Greece with 43 MW auction win
PU
11/27VESTAS WIND A/S : wins 40 MW order in Poland
PU
More news
Financials
Sales 2020 14 670 M 17 673 M 17 673 M
Net income 2020 575 M 692 M 692 M
Net cash 2020 2 328 M 2 805 M 2 805 M
P/E ratio 2020 56,7x
Yield 2020 0,60%
Capitalization 32 676 M 39 373 M 39 364 M
EV / Sales 2020 2,07x
EV / Sales 2021 1,98x
Nbr of Employees 25 828
Free-Float 99,4%
Chart VESTAS WIND SYSTEMS A/S
Duration : Period :
Vestas Wind Systems A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VESTAS WIND SYSTEMS A/S
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 135,55 €
Last Close Price 166,86 €
Spread / Highest target 6,60%
Spread / Average Target -18,8%
Spread / Lowest Target -56,6%
EPS Revisions
Managers
NameTitle
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