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Vestas wins 224 MW order for two projects in Sweden

News release from Vestas Northern and Central EuropeHamburg, 19 December 2024 Vestas has received a 224 MW order from Vinliden Vindkraft AB for the 70 MW Vinliden and 154 MW Fjällberg projects in Sweden. The projects are a joint venture of funds managed by Prime Capital AG and Polhem Infra, a leading renewables and infrastructure investor in the Nordics.   Sweden is a leader in onshore wind energy with one of Europe’s highest penetrations of renewable energy in the grid. The two projects are located in the county of Västerbotten in Northern Sweden in a region where the renewable

Vestas wins 217 MW onshore order in the UK

News release from Vestas Northern and Central EuropeHamburg, 17 December 2024 Vestas has secured a 217 MW order from SSE Generation Limited for the Strathy South wind energy project in Scotland, UK. Vestas will deliver 35 V162-6.2 MW wind turbines, and the order includes supply, delivery, installation, and commissioning of the turbines. This order marks the first deployment of V162-6.2 MW turbines in the UK. Upon completion, Vestas will service the turbines under a 20-year Active Output Management 5000 (AOM 5000) service agreement designed to ensure optimised performance of the

Vestas wins 1.1 GW order for the Inch Cape offshore wind project in Scotland

News release from Vestas Northern and Central EuropeHamburg, 13 December 2024 Vestas has secured a firm and unconditional order for the 1.1 GW Inch Cape Offshore Wind project in Scotland from Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables. The agreement is for the supply, installation, and commissioning of 72 V236-15.0 MW wind turbines. Upon completion, The scope of the service contract includes a long-term comprehensive service agreement followed by a tailor-made operational support agreement. "We are incredibly proud to have partnered

Vestas to repurpose Isle of Wight factory, UK, to manufacture onshore blades

News release from Vestas Wind Systems A/SAarhus, 11 December 2024 Since 2002, Vestas’ facilities on the Isle of Wight have played an integral role in the manufacture of turbine blades for wind projects across the world. At present, our factory focuses on manufacturing blades for the V174 offshore turbine. Demand for this product is coming to an end, and constraints at the site mean it is not suitable for the next generation of offshore blades. However, following an agreement in principle with the UK Government, Vestas intends to repurpose the factory to build onshore blades, mainly

Vestas Chief Financial Officer, Hans Martin Smith, to step down by end of 2024

Vestas Wind Systems A/S, Aarhus, 04 December 2024Company Announcement no. 20/2024 After more than 20 years in the company, Hans Martin Smith has decided to step down as Chief Financial Officer (CFO) by end of 2024; a role he has held since 1 March 2022. Hans Martin Smith leaves the company having served as CFO during a challenging and volatile period where he helped Vestas turn a heavily loss-making 2022 into a profitable 2023 and oversee Vestas continuing its positive profitability trajectory in 2024.Vestas President and Chief Executive Officer, Henrik Andersen, says “I want to

Vestas secures 900 MW order for the Nordseecluster B offshore wind project in Germany

News release from Vestas Northern and Central EuropeHamburg, 28 November 2024 Vestas has received a firm order for RWE’s 900 MW Nordseecluster B offshore wind project in Germany. This firm order announcement refers to Company Announcement 09/2024 from 17 May 2024. The order includes 60 V236-15.0 MW wind turbines and Vestas is responsible for the supply, delivery, and commissioning of the turbines. Upon completion, Vestas will also service the asset under a 5-year service agreement followed by a long-term operational support agreement. The Nordseecluster is being implemented in

Notification of Executive’s transaction with Vestas shares

Vestas Wind Systems A/S, Aarhus, 8 November 2024Company Announcement no. 19/2024 In accordance with Article 19 (3) of the EU Market Abuse Regulation, Vestas Wind Systems A/S is required to disclose information regarding trading in Vestas Wind Systems A/S shares and securities by Executives and persons closely associated with an Executive. The statement is based on a report which Vestas Wind Systems A/S has received from one of the Executives, see appendix. Contact detailsVestas Wind Systems A/S, Denmark Daniel Patterson, Vice PresidentInvestor RelationsTel: +45 2669 2725

Notification of Executive’s transaction with Vestas shares

Vestas Wind Systems A/S, Aarhus, 8 November 2024Company Announcement no. 18/2024 In accordance with Article 19 (3) of the EU Market Abuse Regulation, Vestas Wind Systems A/S is required to disclose information regarding trading in Vestas Wind Systems A/S shares and securities by Executives and persons closely associated with an Executive. The statement is based on a report which Vestas Wind Systems A/S has received from one of the Executives, see appendix. Contact detailsVestas Wind Systems A/S, Denmark Daniel Patterson, Vice PresidentInvestor RelationsTel: +45 2669 2725

Notification of Executive’s transaction with Vestas shares

Aarhus, 7 November 2024Company Announcement no. 17/2024 In accordance with Article 19 (3) of the EU Market Abuse Regulation, Vestas Wind Systems A/S is required to disclose information regarding trading in Vestas Wind Systems A/S shares and securities by Executives and persons closely associated with an Executive. The statement is based on a report which Vestas Wind Systems A/S has received from one of the Executives, see appendix.  Contact detailsVestas Wind Systems A/S, Denmark Daniel Patterson, Vice PresidentInvestor RelationsTel: +45 2669 2725 Frederik Holm

Vestas – Interim Financial Report, Third Quarter 2024

Vestas Wind Systems A/S, Aarhus, 05 November 2024Company Announcement no. 16/2024 Summary: Quarterly revenue of EUR 5.2bn with an EBIT margin before special items of 4.5 percent. Order intake of 4.4 GW and combined order backlog of EUR 63.4bn. Revenue and EBIT margin guidance maintained with adjustments to Service EBIT and total investments. Lower end of the guidance range now more likely for the Group EBIT margin. In the third quarter of 2024, Vestas generated revenue of EUR 5,177m – an increase of 18.9 percent compared to the year-earlier period. EBIT before special items amounted

Vestas – Q3 2024 conference call

Vestas Wind Systems A/S, Aarhus,Investor News, 31 October 2024  Vestas expects to disclose our Interim Financial Report, Third Quarter 2024 on 5 November 2024. On the day of the release, Vestas will host a conference call, in which our CEO and CFO will present the results via an audiocast, which can be followed live or replayed. The meeting will be held in English. Time5 November 2024 at 10.00 am CET (09.00 am GMT)  AudiocastTo livestream or replay the presentation, go to Audiocast link 

Vestas announces 137 MW order for two repowering projects in the U.S.

News release from Vestas-American Wind TechnologyPortland, October 16, 2024  Vestas is proud to announce the following order as part of our Q4 order intake: Country Region Customer Project MW Turbine Service Delivery & name variant agreement commissioningUSA Vestas Exus Highland 137 V120 20-year Delivery in North Management North -2.2 MW AOM 5000 Q4 of 2025, America Partners Repower service commissioning

Vestas and Fortum reach settlement on arbitration related to Russian wind energy projects

News release from Vestas Wind Systems A/SAarhus, 10 October 2024 Vestas and Fortum are pleased to announce that the companies have settled the arbitration regarding wind energy projects in Russia. The settlement entails that both companies waive past, present and future claims related to their legacy business activities in Russia. The terms of the settlement are otherwise confidential. With this settlement, Fortum and Vestas have reached a compromise that allows the companies to work together again on new energy projects as well as already operating wind parks. Fortum President and

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