Monday 19 March 2012

Vestas climbs further, wins an order in Fujian

Despite the fact that Alstom's CEO cooled the sentiment that the company is interest in acquiring wind turbine maker and instead said the company looks to enter offshore products sector by developing its own product, Vestas Wind Systems A/S (OMX: VWS) has continued its short-term climb and is now trading at 66 DKK, up three percent for the day.

Today the Danish company announced it has received a 50 MW order from China Longyuan Power Group Limited (SEHK: 916), a subsidiary of China Guodian Corporation. The 25 V90-2.0 MW turbine will be installed at Qiulu wind farm near Putian, in Fujian The region has low average wind speeds with occasional heavy gusts. Delivery is scheduled for Q3 2012.

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