Denmark's Vestas Wind Systems, the world's leading manufacturer of wind turbines, has received two orders from a major independent energy concern in China for projects in Shandong and Guangdong provinces. The former is for thirteen V90 turbines in both 1.8 MW and 2.0 MW models, while the latter is for 25 V80-2.0 MW turbines. The news is reported by financial daily newspaper Børsen.
Vestas has clearly signalled from its investments that it considers China and the US to be its most important markets. But unlike the US, China has seen explosive growth in the number of domestic wind turbine manufacturers, eager to capitalise on their home ground advantage. The competition is intense, so against this backdrop Vestas is no doubt well pleased to have won these two new orders.
"We are proud of our partnership with this progressive independent energy producer, and we are eager to build and develop this relation," commented Lars Andersen, president of Vestas China, continuing: "Vestas will do its utmost to ensure that this relation is continued and mutually profitable. We are happy to continue to share our 30 years of experience in the industry with this major customer and back them up with our knowledge, expertise and support."
Vestas is headquartered in Randers, Jutland, and employs 20,800 people worldwide. The company has installed 38,000 wind turbines in 62 countries on five continents, and has a 20% share of the world market. The company generated revenues in 2008 of EUR 6,035m (USD 7,716m) and for 2009 forecasts revenues of EUR 7,200m (USD 9,206m).