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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 : strengthens its leadership in Greece with 43 MW auction win

11/27/2020 | 04:17am EST

News release from Vestas Mediterranean
Madrid, 27 November 2020

Mytilineos S.A. has placed a 43 MW order for the Makrynoros wind park, located in Central Greece. The contract includes the supply and installation of twelve V136-3.45 MW wind turbines delivered in 3.6 MW operating mode, as well as a 20-year Active Output Management 4000 (AOM 4000) service agreement.

"We are very happy to work once again, with Vestas, on a large wind farm in Greece. It is the seventh  cooperation between our companies, for a total of 172 MW. This by itself, proves the trust we put in Vestas, as one of the main strategic partners of Mytilineos," said Mr. Dinos Benroubi , General Manager of Mytilineos'Business Unit Power and Gas.

The Makrynoros wind park, awarded in the wind energy tender held in July 2019, reinforces Vestas' leadership in the Greek auctions, where it has won more auctioned capacity than all other solutions providers combined.  

"Mytilineos S.A is a key customer for us in Greece and I would like to thank them for their trust in Vestas' technology and service capabilities. Our long-term relationship represents a solid contribution to Greece's transition to a sustainable energy mix", says Head of Vestas Hellas, Marios Zangas.

Turbine delivery is planned for the fourth quarter of 2021, whilst commissioning is expected to begin in June 2022.

Vestas pioneered the Greek wind market in 1986 and this year its office in Athens celebrates its 20[th] anniversary. This new order also consolidates the company's leading position in the country with over 1.9 GW of wind turbines installed and more than 43 percent of market share.
For more information, please contact:
Andrés Domínguez Communications Consultant Vestas Mediterranean 
Tel.: +34 649 29 4007
Email: andms@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 122 GW of wind turbines in 82 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 108 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-strengthens-its-leadership-in-greece-with-43-mw-auction-win,c3244851

https://mb.cision.com/Public/18886/3244851/9e8f202c31a7611c.pdf

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

Stocks mentioned in the article
ChangeLast1st jan.
MYTILINEOS S.A. -1.77% 12.18 Delayed Quote.2.35%
VESTAS WIND SYSTEMS A/S -5.74% 1363 Delayed Quote.-5.31%
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Financials
Sales 2020 14 786 M 17 854 M 17 854 M
Net income 2020 567 M 685 M 685 M
Net cash 2020 2 292 M 2 768 M 2 768 M
P/E ratio 2020 63,3x
Yield 2020 0,54%
Capitalization 36 800 M 44 529 M 44 436 M
EV / Sales 2020 2,33x
EV / Sales 2021 2,06x
Nbr of Employees 25 828
Free-Float 99,4%
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Average target price 154,86 €
Last Close Price 183,20 €
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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