Vestas wins record order from EDPR
Vestas said in a statement the deal with Portuguese wind power firm EDP Renovaveis was for turbines with a capacity of 1,500 megawatts MW, and the agreement included an option for a further 600 MW.
Vestas said the turbines were to be delivered to North America, South America and Europe in 2011 and 2012 with the additional 600 MW exercisable in 2010 and 2011.
The company did not disclose financial details.
Henrik Aagaard, a trader at Jyske Bank, estimated the order value at around 1 billion euros US $1.33 billion. This reestablishes some of the confidence in Vestas that maybe hasnt really been there entirely. So this is great, he said.
Shares in Vestas rose as much as 11.5 percent after the news to trade up 11.4 percent at 378.60 Danish crowns.
This is incredibly positive. We recommend to buy Vestas, Nordea said in a note to clients.
Meanwhile, EDPR shares fell 4.2 percent to 5.12 euros.
Vestas said the order does not affect its financial guidance for 2010.
Related News
Hydro One employees support Province of Ontario in the fight against COVID-19
TORONTO - Hydro One Networks Inc. ("Hydro One") announced support to the Ministry of Health (MOH) with its efforts in contacting travellers entering Ontario to ensure they comply with Canada's mandatory quarantine measures to combat COVID-19. Hydro One has volunteered employees from its customer service operations to contact thousands of returning travellers to provide them with timely guidance on how to self-isolate and spot the symptoms of the virus to help stop its spread.
"Our team is ready to lend a helping hand and support the province to help fight this invisible enemy," said Mark Poweska, President and CEO, Hydro One.…
