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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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Delayed Quote. Delayed NASDAQ OMX COPENHAGEN - 09/25 11:09:59 am
956.8 DKK   -0.10%
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Vestas Wind A/S : wins 54 MW multibrand service agreement in the Philippines

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08/03/2020 | 08:01pm EDT

News release from Vestas Asia Pacific
4 August 2020

Vestas has secured an agreement with Vena Energy to service its 54 MW Gamesa turbines at Pililla Wind Project in Philippines. The agreement is Vestas' first full scope multi-brand service deal in the country, leveraging our extensive experience from servicing 3.6 GW Gamesa turbines globally, including Taiwan in the Asia Pacific region.

Located 50 kilometres east of the capital city, Manila, the Pililla Wind Project was commissioned in 2015 and comprises 27 Gamesa G90-2.0 MW turbines.

Under the agreement, Vestas will commence a 5-year Active Output Management 5000 (AOM 5000) service agreement, designed to maximise the wind farm's energy production. With a yield-based availability guarantee for turbines and services for balance of plant assets, the agreement will provide Vena Energy with improved certainty of return on its wind asset investment.  

"This agreement highlights our commitment to the long-term asset life extension of our projects and ensures that the Pililla Wind Project continues to contribute to the livelihood of our host communities, while enhancing the efficiency and profitability of our project in the Philippines", said Samrinder Nehria, Head of Vena Energy Philippines.

"Vena Energy is a trusted partner and we look forward to helping them achieve the best possible return on investment from their Gamesa fleet", said Clive Turton, President of Vestas Asia Pacific region. "This agreement marks a further expansion of our service portfolio in the Asia Pacific region and continues to show why Vestas is the leading fleet-wide service partner in the wind energy industry".

Vestas currently services more than 8 GW of non-Vestas turbines, comprising a number of major wind turbine brands. This deal further bolsters our global multi-brand service portfolio, the world's largest.
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 115 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 98 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-wins-54-mw-multibrand-service-agreement-in-the-philippines,c3163552

https://mb.cision.com/Public/18886/3163552/ab274917051c0d58.pdf

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

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Sales 2020 14 445 M 16 806 M 16 806 M
Net income 2020 581 M 676 M 676 M
Net cash 2020 2 368 M 2 755 M 2 755 M
P/E ratio 2020 43,5x
Yield 2020 0,78%
Capitalization 25 146 M 29 229 M 29 255 M
EV / Sales 2020 1,58x
EV / Sales 2021 1,53x
Nbr of Employees 25 865
Free-Float 99,4%
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Number of Analysts 23
Average target price 117,83 €
Last Close Price 128,41 €
Spread / Highest target 20,5%
Spread / Average Target -8,24%
Spread / Lowest Target -45,1%
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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