Vestas gains huge order from Toyota for 112 wind turbines  

2007.01.18
Denmark's Vestas Wind Systems has received orders for nine different wind power projects in Japan, Taiwan and South Korea totalling 81 V80-2.0 MW and 31 V90-3.0 MW wind turbines
Denmark's Vestas Wind Systems has received orders for nine different wind power projects in Japan, Taiwan and South Korea totalling 81 V80-2.0 MW and 31 V90-3.0 MW wind turbines. The orders were placed by Toyota Tsusho Corporation in Japan, a trading company under the Toyota Motors group of companies. Delivery of the turbines is scheduled for 2007 and 2008, while installation will start in summer 2007 and continue through 2008.
 
Mr Hisashi Yamamoto, chief executive of Toyota Tsusho Corporation says in a press release that the order is an important element in the group's long-term strategic plan to develop the renewable energy sector to protect the environment. "Our strategic collaboration with Vestas has been built over the last six years, and we expect to continue its expansion to meet the increasing energy consumption on the Asian markets", says Yamamoto.
 
Henrik Breum, analyst at Danske Equities comments on the news: "It is a significant order from a strategically important customer. Its value is probably just under DKK 2 bn [USD 340 m]."
 
Vestas Wind Systems is the world's leading wind turbine manufacturer. The concern is headquartered in Randers, Jutland, and employs 11,900 people worldwide. Vestas has production facilities in Denmark, Germany, China, India, Italy, UK, Spain, Sweden, Norway and Australia. In 2005, Vestas Wind Systems generated revenues of DKK 26.7 bn (USD 4.3 bn), and sold wind turbines with a total power of 3,185 MW worldwide. The news was reported by financial daily newspaper Børsen and in a Vestas press release.
 

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