Share Price Climbs: Vestas Secures Another Major US Order And Wins Project in Germany
Aarhus, Denmark - After Vestas received a major order from the USA last week, the Danish wind turbine giant has announced the award of a further project in the USA this week. Vestas is also successful in Germany.
"We look forward to working with ENGIE as it expands its wind energy portfolio across the United States and continues to advance the clean energy transition. The V163-4.5 MW is our newest high-capacity factor turbine and is optimised for low to medium wind speeds making it ideally suited for the U.S. market," said Laura Beane, President of Vestas North America, welcoming the new order.
In Germany, Vestas has received a firm order from SAB Wind Team GmbH for the Bockenem project in Lower Saxony with a total capacity of 43 MW. The order covers the delivery and commissioning of seven V162-6.2 MW wind turbines. After completion, Vestas will maintain the turbines under a 25-year service contract. Delivery of the turbines is expected to begin in the third quarter of 2024, with commissioning scheduled for the second quarter of 2025.
"We are pleased to build upon our strong track-record to successfully execute projects with SAB. This project is another great example of the collaboration between SAB and Vestas," said Sulai Fahimi, Vice President Sales Central Europe at Vestas.
The Vestas share has performed well so far in the current trading week. On the first two trading days, the RENIXX Group's share price rose by 2.6 per cent to EUR 23.66 (28/11/2023, closing price, Stuttgart Stock Exchange). In today's trading, the share is currently up 3.3 per cent at EUR 24.44.
Source: IWR Online, 29 Nov 2023