Search results for: Vestas

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  • 1 July 2014

    Knud Bjarne Hansen, board member elected by the employees, has announced that he will retire from the Board of Directors of Vestas Wind Systems A/S as per 1 July 2014, as Knud Bjarne wants to dedicate all his efforts to supporting Vestas’ joint venture, MHI Vestas Offshore Wind A/S. Chief Specialist Kim Bredo Rahbek, employed […]

  • 28 February 2011

    Today, there are rumours in the market regarding Vestas being selected as supplier for a 252 MW offshore project in Germany.   Vestas can confirm that an agreement has been reached between the German company PNE WIND AG and Vestas regarding supply of turbines for the project Gode Wind II. The agreement is conditioned by […]

  • 8 April 2011
    Business & Finance

    Today there are rumours in the market regarding Vestas being in final negotiations for an offshore project in Belgium. Vestas can confirm that negotiations between Eldepasco and Vestas are ongoing, but Vestas has not yet received a firm and unconditional order for the project. If the negotiations between the customer and Vestas will result in […]

  • 5 March 2015
    Business & Finance

    Danish wind turbine manufacturer, Vestas, has placed a new green corporate Eurobonds for a principal amount of EUR 500m. The bonds with seven-year maturity were received well by the European investors. “This green bond allows Vestas to diversify and optimise its funding structure in favour of longer term funding at attractive terms,” says Marika Fredriksson, Executive Vice President and […]

  • 8 November 2011

    Caterpillar Inc. and Vestas Wind Systems have reached a 10-year, global agreement to remanufacture wind turbine components. Vestas, of Aarhus, Denmark, is the world’s leading wind turbine manufacturer, with an installed base of 44,500 turbines. Vestas has chosen to enter this agreement to ensure remanufacturing services of high quality and at a competitive price for […]

  • 20 September 2011

      Published by Harvard Business Review Press, the book took the authors Clayton Christensen, Jeff Dyer and Hal Gregersen six years to study some of the world’s biggest and most innovative companies to discover which companies were placing innovation at the forefront of success. From this analysis Vestas was ranked 11. The authors said Vestas […]

  • 21 March 2011

    Today there are rumours in the market regarding a wind farm project in Mexico of almost 400 MW. Vestas can confirm that negotiations between the consortium behind the project and Vestas are ongoing, but Vestas has not yet received a firm and unconditional order for the project. If the negotiations between the consortium and Vestas […]

  • 4 February 2014
    Business & Finance

    Vestas issued its annual report for 2013 today, saying that its revenue, EBIT and free cash flow exceeded expectations. An information meeting was held today in Copenhagen, Denmark, where Group President & CEO Anders Runevad and Executive Vice President & CFO Marika Fredriksson provided a deeper insight into Vestas’ financial state and its 2014 outlook. […]

  • 22 August 2012

    Vestas had previously announced the workforce would be reduced by 2.335 by the end of 2012, these reductions are ahead of schedule and to reach that number 1.100 employees will be made redundant by the end of September 2012. Further employees will then be made redundant before the end of the year bringing the total […]

  • 12 May 2015

    Anders Monrad Rendtorff, currently Senior Vice President and Head of Communications and Human Resources at Coloplast, will join Vestas in his new position starting on September 1, 2015. He succeeds Morten Albæk, who will remain with Vestas until June 30, 2015. Vestas CEO Anders Runevad says, “I am delighted that Anders Monrad Rendtorff will join […]

  • 30 December 2010

    With reference to Vestas Wind Systems A/S’ company announcement No. 51/2010 of 30 December 2010, Vestas has received an order from PROKON Energiesysteme GmbH for 70 V90-2.0 MW turbines for a series of wind energy projects in Poland. The V90-2.0 MW turbines will be placed at several wind farms across Poland, with a total combined […]

  • 23 November 2010
    Business & Finance

    Vestas is pleased to officially announce the opening of its office in Berlin, which will allow Vestas to better serve its customers in Eastern Germany and to better participate in important national debates about wind energy policy in Europe’s largest wind energy market. The office opening was celebrated by Vestas’ customers, key political representatives and […]

  • 9 October 2013
    Business & Finance

    As part of Vestas’ turnaround plan announced in January 2012 and as also restated in the interim financial report for the second quarter of 2013, Vestas has been negotiating with potential buyers of Vestas’ machining and casting units. These negotiations have now been finalised with the signing of a binding sales and supply agreement after […]

  • 27 August 2010
    Business & Finance

    The negotiations following last week’s announcement of layoffs in Denmark have now been concluded. 154 employees in Vestas Nacelles and Vestas Blades are expected to be laid off. Agreements for work sharing means that the number of employees to be laid off in Denmark will be approx. 154 rather than the 300 announced last week. […]

  • 7 November 2011
    Business & Finance

    Today there is information in the market regarding Vestas having been appointed preferred supplier for an offshore project in the Netherlands. Vestas confirms that Eneco has appointed Vestas preferred supplier for an offshore project in the Netherlands. If this will result in a firm and unconditional order, Vestas will make a company announcement immediately thereafter. […]

  • 3 October 2015

    A chemical store that is part of Vestas’ facility for the development of large wind turbine blades on Isle of Wight caught fire today afternoon. After receiving a call around 3 pm, three firefighting crews have been working on containing the blaze using a breathing apparatus and a hose, the local media reported. Vestas’ Isle of Wight […]

  • 11 July 2014

    Vestas revealed it is planning to test what could be the world’s largest offshore wind turbine. In papers submitted to the local government, the Danish wind turbine developer wrote it wants to test wind turbines of up to 10 MW in the waters west of Jutland. According to Reuters, Vestas said it has no immediate […]

  • 13 June 2012
    Business & Finance, Jobs & Recruitment

    In January 2012 Vestas decided to close its tower factory in Varde, Denmark. Now, after running a competitive divestment process, Vestas has entered an agreement with Chinese Titan Wind Energy (Suzhou) Co., Ltd., a long term partner and supplier to Vestas, to sell off the Danish facility and thereby maintain most of the jobs for […]

  • 7 February 2019
    Business & Finance

    MHI Vestas Offshore Wind generated a net profit of EUR 26 million and secured an order intake of 3,180MW in 2018. 2018 was the first year in which MHI Vestas generated a positive net profit on a stand-alone basis since the launch of the joint venture by Vestas and Mitsubishi Heavy Industries in 2014, highlighting […]

  • 11 December 2012

    Today DONG Energy and Vestas Wind Systems have entered into a cooperation agreement on the testing of Vestas’ V164-8.0 MW wind turbine at Test Centre Østerild in Denmark. Through this agreement, DONG Energy becomes involved earlier in Vestas´ development of the V164-8.0 MW offshore wind turbine than previously envisaged. This ensures DONG Energy a detailed […]

  • 14 January 2011
    Business & Finance

    A new site under will disclose the naked figures, making the company more transparent. Follow the electricity usage for Vestas Blades. Or, maybe view the development in Energy Consumption for Vestas in Spain. To help improve performance in sustainability, Vestas is opening up by letting the entire world follow its progress towards becoming a […]

  • 26 April 2010
    Business & Finance, Operations & Maintenance, R&D

    Vestas has won the largest single order ever in Vestas’ history for delivery of up to 2,100 MW. The order placed by EDP Renováveis (EDPR), the world third largest wind power company, has been awarded to Vestas after a competitive process launched more than one year ago in Chicago, USA. Today on 26 April, the […]

  • 4 July 2011

    Vestas Government Relations has officially opened the Vestas Wind Systems A/S Representative Office in Brussels, Belgium to improve Vestas representation with EU stakeholders and lawmakers. The Representative Office is headed by Emmanuelle Raoult, Director of EU Affairs, with support from Vestas Group Government Relations, based in Copenhagen, Denmark. “The office will represent Vestas in all […]

  • 15 April 2014

    Christian Venderby has been appointed new Group Senior Vice President and Head of Service at Vestas Wind Systems A/S. Christian Venderby, who comes from a position as Senior Vice President Operations at Vestas Americas, enters into his new position on 1 June 2014. Already a significant source of revenue and profit, the service business is […]