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

VESTAS WIND SYSTEMS A/S

(VWS)
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Vestas Wind A/S : wins 40 MW order in Poland

11/27/2020 | 06:58am EST

News release from Vestas Northern and Central Europe
Hamburg, 27 November 2020

Vestas has secured a 40 MW order for the Nowy Tomysl project from SPV Sevivon Windpark 2 Sp. Z.o.o., a subsidiary of leading European project developer PNE AG. Located in Kuslin in western Poland, the project will consist of 12 V126-3.45 MW wind turbines in 3.3 MW operating mode combined with 137m towers, maximising power production while at the same time offering competitive levelised cost of energy.

Adding to the more than 1.5 GW of contracts signed in Poland's auction system to date, this order underlines Vestas' leading position in the Polish renewable energy sector, where the company today has installed about 2.4 GW of wind turbines.

"We are delighted to be realising this new Polish wind project together with Vestas. This is a continuation of the good cooperation in previously realised projects in Germany and other European markets", says Markus Lesser, CEO of PNE AG.

"This order underlines the strong partnership between PNE AG and Vestas and we are proud to be part of our customer's success in Poland's latest auction. Delivering best-in-class wind energy technology that further contributes to the energy transition in Poland, we look forward to realise the project for PNE", states Nils de Baar, President of Vestas Northern and Central Europe.

The contract includes supply, installation and commissioning of the wind turbines, as well as 20-year Active Output Management 4000 (AOM 4000) service agreement. In addition, the project will feature a VestasOnline® Business SCADA solution, lowering turbine downtime and thus optimising the energy output.

Deliveries and commissioning are expected to take place in fourth quarter of 2021.
For more information, please contact:
Christina Schmidt
Communications Partner, Vestas Northern & Central Europe
Tel: +49 40 46778 5153
Mobile: +49 (0) 160 90141736
Email: chbut@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.

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-40-mw-order-in-poland,c3245151

https://mb.cision.com/Public/18886/3245151/89dd5b048f21eb1b.pdf

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

Stocks mentioned in the article
ChangeLast1st jan.
PNE AG -0.81% 8.52 Delayed Quote.6.50%
VESTAS WIND SYSTEMS A/S -1.78% 1463 Delayed Quote.1.63%
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Sales 2020 14 786 M 17 994 M 17 994 M
Net income 2020 567 M 690 M 690 M
Net cash 2020 2 431 M 2 958 M 2 958 M
P/E ratio 2020 68,4x
Yield 2020 0,50%
Capitalization 39 462 M 48 094 M 48 022 M
EV / Sales 2020 2,50x
EV / Sales 2021 2,24x
Nbr of Employees 25 828
Free-Float 99,4%
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Average target price 157,72 €
Last Close Price 196,45 €
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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