Vestas’ Brazil wind power order cancelled

Vestas can hereby inform that delivery of a 254 MW project to the customer CPFL Renováveis in Brazil has been cancelled. CPFL Renováveis and Vestas are currently in the process of discussing the details of the cancellation and its related consequences.

The cancellation relates to changes to local Brazilian legislation which occurred after the contract was agreed.  As CPFL and Vestas have been unable to agree on the consequences of those specific legislative changes, CPFL and Vestas have amicably agreed to the cancellation of the project.

Vestas does not expect the cancellation to impact the company’s outlook for 2014.