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
Ontario's Clean Electricity Regulations: Paving the Way for a Greener Future
OTTAWA - Ontario has taken a significant step forward in its energy transition with the introduction of new clean electricity regulations. These regulations aim to reduce carbon emissions, promote sustainable energy sources, and ensure a cleaner, more reliable electricity grid for future generations. This article explores the motivations behind these regulations, the strategies being implemented, and the expected impacts on Ontario’s energy landscape.
The Need for Clean Electricity
Ontario, like many regions around the world, is grappling with the effects of climate change, including more frequent and severe weather events. In response, the province has set ambitious targets to reduce…
