Vestas Reports Orders Exceeding 550 MW at Quarter-End – Europe in Focus – Stock Benefits From U.S. Decision

Aarhus, Denmark – At the end of the second quarter of 2025, Vestas is seeing brisk order intake. This week, the Danish wind turbine manufacturer announced orders totaling more than 550 MW. However, the RENIXX group’s share price is rallying today not because of these orders.

So far this week, Vestas has reported a series of orders from various European countries as well as Japan, with a combined capacity of 564 MW. This brings the total volume of orders announced by Vestas in the second quarter of 2025 (Q2 2025) to 1,112 MW (as of July 2, 2025). The actual order intake for Q2 is likely to be higher, since orders that Vestas includes in its quarterly figures without separate announcements are not yet reflected in this number. Nevertheless, the order intake is expected to be weaker than in the same quarter of the previous year, when Vestas received wind turbine orders totaling 3,600 MW.

End-of-quarter order focus in Europe

The majority of orders reported by Vestas this week, amounting to 543 MW, are for projects in Europe. Only 21 MW are attributed to an order from Japan. Among the European orders, Germany leads with 290 MW, followed by Romania (171 MW), France (50 MW), and Greece (32 MW).

Boreas and Enertrag order turbines for wind projects in Germany

The largest order volume in Germany comes from renewable project developer Boreas, totaling 175 MW. The orders include V162-6.2 MW wind turbines in various operating modes at several sites in Thuringia. Specifically, these are the projects Großvargula (48 MW, 8 x V162-6.2 MW), Greußen (42 MW, 7 x V162-6.2 MW), Bothenheilingen 1 (42 MW, 7 x V162-6.2 MW), and Bothenheilingen 2 (43 MW, 7 x V162-6.2 MW). The projects are scheduled to be commissioned in the fourth quarter of 2026 and the first quarter of 2027, respectively. Each Boreas order includes a 20-year service agreement.

Additionally, Vestas has received an order from Enertrag in Germany for V172-7.2 MW wind turbines for two projects in Brandenburg with a total capacity of 115 MW. According to Vestas, this represents the largest order to date for the V172-7.2 MW turbine. The contract covers the delivery, installation, and commissioning of 12 wind turbines for the 86 MW Malchow Ost project and four turbines for the 29 MW Tantow 1 wind farm. After completion, Vestas will maintain the turbines under a 25-year service contract. Commissioning is planned for the second half of 2027.

Vestas further expands market leadership in Romania with major order

With a 143 MW order from Eurowind Energy in Romania, Vestas sees its leading position in the Romanian market strengthened. For the Frumusita, Vector, and Pecineaga Northeast wind farms, Vestas will deliver a total of 23 V162-6.2 MW turbines. The order again includes a 20-year service agreement. Commissioning of these turbines is planned for the second half of 2027.

Additionally, Vestas secured another order in Romania for 28 MW, comprising eight V117-3.45 MW turbines for an unspecified project.

Beyond Romania, Vestas reported further order intake for Q2 this week from France (50 MW), Greece (32 MW), and Japan (21 MW).

Vestas share price rebounds after early-week losses

In the first two trading days of this week, Vestas shares were unable to benefit from the order announcements, falling sharply by 8.9% to €12.67 by Tuesday evening. However, the share price surged yesterday. By the end of the day, Vestas shares were up 12.2% at €14.22. The reason for the rise lies in U.S. policy developments. The U.S. Senate narrowly passed former President Trump’s controversially debated “Big Beautiful Bill” tax package after a marathon session. However, the cuts to the renewable energy sector appear to be less severe than initially proposed. According to media reports, the version now approved by the U.S. Senate mitigates the impacts on renewable energy projects, offering an extended timeline for new projects. The most important benefit for the renewable energy sector is reportedly an exemption for the so-called commissioning deadline until the end of 2027, according to a JP Morgan analyst. Projects coming online by mid-2030 could still receive full support. This is seen as particularly positive for wind turbine manufacturer Vestas, but also for Siemens Energy, due to additional grid investments.

Source: IWR Online, 03 Jul 2025