Denmark's Vestas Wind Systems, the world's leading manufacturer of wind turbines, has won the largest ever single order in the company's history for delivery of up to 2,100 MW. After a competitive process launched more than a year ago, Vestas has been awarded the contract by Portugal's EDP Renováveis (EDPR), the world's third largest wind power company. The news is reported in a press release on the Vestas website.
The order comprises supply, installation and commissioning of wind turbines with a total capacity of 1,500 MW to be delivered to North America, South America and Europe in 2011 and 2012 with the option of an additional 600 MW exercisable in 2010 and 2011. The agreement also includes a two-year service and maintenance agreement extendable to five or ten years.
Financial daily newspaper Børsen reports that at a press conference following the signing of the contract in Lisbon, Portugal, Vestas CEO Ditlev Engel said it was a historic day for the company and commented: "This agreement will make Vestas an even larger and stronger company. Everybody knows that the times are difficult for the industry, but this will result in a lot of jobs."
Vestas' share price on the Nasdaq OMX Copenhagen exchange immediately jumped 10% on the news.
Vestas is headquartered in Randers, Jutland, and employs over 20,000 people worldwide. The company has installed more than 40,000 wind turbines in 63 countries on five continents, and according to its website currently has a 12.5% share of the world market.