Vestas wins record order from EDPR


Protective Relay Training - Basic

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$699
Coupon Price:
$599
Reserve Your Seat Today
Denmarks Vestas, the worlds biggest wind turbine maker, said it had won its largest order ever, sending its shares soaring.

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

National Grid to lose Great Britain electricity role to independent operator

UK Future System Operator to replace National Grid as ESO, enabling smart grid reform, impartial…
View more

Pandemic has already cost Hydro-Québec $130 million, CEO says

Hydro-Que9bec 2020 Profit Outlook faces COVID-19 headwinds as revenue drops, U.S. Northeast export demand weakens,…
View more

FPL stages massive response to Irma but power may not be back for days or weeks

FPL Power Restoration mobilizes Florida linemen and mutual-aid utility crews to repair the grid, track…
View more

How Electricity Gets Priced in Europe and How That May Change

EU Power Market Overhaul targets soaring electricity prices by decoupling gas from power, boosting renewables,…
View more

Ottawa sets out to protect its hydro heritage

Ottawa Hydro Substation Heritage Designation highlights Hydro Ottawa's 1920s architecture, Art Deco facades, and municipal…
View more

Calgary electricity retailer urges government to scrap overhaul of power market

Alberta Capacity Market Overhaul faces scrutiny over electricity costs, reliability targets, investor certainty, and AESO…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified