Vestas receives 300 MW order in the USA

Vestas has received a firm and unconditional order in the USA comprising 150 V110-2.0 MW turbines, totalling 300 MW.

Additional information about the project:

Customer: Undisclosed at the customer’s request
Project name: Undisclosed at the customer’s request
Location/Country: USA
Number of MW: 300 MW
Number of turbines/turbine type 150 x V110-2.0 MW turbines
Contract type: Supply-only
Contract scope: The contract includes supply and commissioning of the wind turbines, as well as a multi-year service agreement.
Time of delivery    Delivery of the wind turbines is expected to begin in the second quarter of 2017, with commissioning expected in the fourth quarter of 2017.

Total year-to-date announced order intake in MW: 300 MW

Vestas upgrades free cash flow expectations for 2016 to EUR 1,500m-1,600m

Based on preliminary reporting, Vestas upgrades the expectations for the 2016 free cash flow (incl. the acquisition of Availon Holding GmbH and excl. investments in marketable securities) to EUR 1,500m-1,600m compared to the previous expectation of minimum EUR 1,000m. The improvement is primarily driven by a strong order intake.

As earlier announced, the annual report for 2016 will be disclosed on 8 February 2017.