Vestas

Targets ✅ Declarations ✅ Climate goals ✅ Wind farms ❌ Turning our ambitions into actual wind farms means rethinking offshore wind auctions. Current mechanisms add too much financial risk upfront, instead of focusing on promoting project realisation and value creation. 2024, particularly, is a pivotal year - with an unprecedented volume of offshore wind up for auction. If ever there was a time for action, it’s now. Later is too late. www.vestas.com/action

We welcome today’s announcement on an increased budget for the UK’s Allocation Round 6 (AR6), and look forward to seeing how this develops with the outcome of the auction.   It's critical to maintain a strong momentum for wind energy in the UK, and that the outcome of AR6 can unlock the offshore projects ready to go. Each gigawatt of new offshore wind adds £2-3 billion of value to the UK economy, along with continuing to support more than 30,000 jobs (according to the recent Offshore Wind Industrial Growth Plan). If combined with a positive auction result, today’s decision holds the potential to accelerate the UK’s economic growth, boost employment opportunities, and support a more stable and resilient energy system.

Making headway in offshore wind with a new firm order for our flagship offshore wind turbine.   We’ve secured a 795 MW order for the OranjeWind offshore wind farm (formerly Hollandse Kust West VII), off the Dutch coast in the North Sea.   Key order highlights include: ☑ Supply, delivery and commissioning of 53 of our V236-15.0 MW wind turbines ☑ A 5-year service agreement, followed by a long-term operational support agreement   We’re proud to be powering a wind farm that takes a significant step forward towards delivering on Europe's ambitious offshore wind targets, together with our project partners. Learn more: https://brnw.ch/21wLyxL

Installed: EnVentus V172-7.2MW™, our largest onshore wind turbine! And we're set for the turbine’s first kWh by the end of July. Erected at the Østerild test centre in Denmark, this milestone is thanks to our dedicated team's efforts. The prototype will now undergo extensive testing to ensure reliability before serial production begins. Designed with a modular concept, the V172-7.2MW™ is a key enabler for scalability across the industry. In addition, it enhances performance in low to medium wind conditions, increasing AEP by 12%, compared to the V162-6.2 MW variant. The EnVentus platform, with its four variants and flexible power ratings, has secured 15 GW+ of orders across 25 markets on five continents since its 2019 launch. Learn more: https://lnkd.in/dNcUtPkg

2.9 GW. That's our total announced firm order intake for the second quarter of 2024. With 19 orders across 13 countries, we've had several highlights including: ◾ Orders from all our five regions across six continents  ◾ An order for the second stage of the 1.3 GW Golden Plains project in Australia - our largest-ever onshore wind farm ◾ An offshore wind order for the "Nordseecluster A" project with our flagship V236-15.0 MW wind turbines ◾ Strong commercial traction for our v162 onshore wind turbines (EnVentus™ platform) with several orders featuring this technology ◾ An onshore wind order for the Forst-Briesnig II project in a former coal mining area in Germany ◾ A 192 MW full EPC turnkey project in Romania Several of our orders feature long-term Service contracts, showing our commitment to building long-lasting relationships with our customers.   "Thank you to our customers for their trust and to the team for their hard work. Each of these projects will advance decarbonisation, create jobs, and drive economic growth. I look forward to seeing all of this come to life and our continued journey ahead" said our Chief Sales Officer, Javier Rodríguez Diez   See our order announcements from this quarter here: https://lnkd.in/dzXvApwt

Claus: 40 years with Vestas Claus' story begins in Ringkøbing, where he grew up and worked as a carpenter. In 1984, at the age of 27, he joined Vestas. At that time, we decided to manufacture our own blades to ensure quality, and Claus was instrumental in constructing the first models. In 1990, Claus became part of Vestas’ first dedicated blade repair team. This period marked a global expansion for Vestas, and Claus travelled all around the world. He later played a key role in training new service technicians, ensuring that Vestas’ standards were maintained globally. As Claus prepares for retirement, he reflects on the incredible journey. From the early days of small-scale production of 8-metre blades to working with 115-metre blades. He cherishes the friendships built over the years, the freedom to innovate, and the opportunity to travel and learn from diverse cultures. Learn more about Claus' career: https://brnw.ch/21wKRcO

Announcing our largest-ever onshore wind farm!   We've secured a 577 MW order for the second stage of the 1.3 GW Golden Plains project in Australia. Building on our existing 756 MW EPC contract with TagEnergy for stage one, this is now our largest onshore wind farm globally. Key project highlights include: ◾ 93 of our V162-6.2 MW wind turbines (EnVentus platform) ◾ 30-year service and maintenance agreement (AOM5000), ensuring optimal energy production into the Australian grid Read more: https://lnkd.in/d6_WRikQ

Opening new markets with Development!   Steelhead Americas, Vestas North American development arm, today celebrated the commissioning of Mississippi's first-ever wind project, the 185 MW Delta Wind project.   This project symbolizes a major milestone in Steelhead's role in opening new wind markets across the U.S with our team leading all development efforts from permitting to community engagement.    "This is a moment of immense pride for Steelhead Americas. Seeing a wind project come to fruition from conception to construction is always incredibly satisfying, and to be the first developer to achieve this in a challenging new market like Mississippi makes it even more special," said Chris Rogers, Senior Vice President, Steelhead Americas. “Combining Vestas’ technology expertise with Steelhead’s development expertise allowed us to develop the Delta project in a way that supports local communities and their existing farming operations while fostering long-lasting economic growth in the region.” Find out more about our Steelhead team: https://lnkd.in/dCcMUurp

We've signed a conditional offshore wind agreement with Vattenfall and BASF for the Nordlicht 1 and 2 projects in Germany. Parts of the projects will use low-emission steel, advancing our efforts to reduce CO2e emissions along the entire value chain. Key highlights include: ◾ Conditional agreement for the supply of 112 of our flagship V236 offshore wind turbines.  ◾ 56 / 112 turbines will use low-emission steel for the top sections, reducing the towers' overall carbon footprint by 16% ◾ A 5-year service and warranty agreement followed by an operational support agreement until year 30 Read more: https://lnkd.in/dsgBH3nH

A plan for a wind farm is not a wind farm. Governments worldwide have set ambitious targets for offshore wind. While this is a good first step, it means nothing without a focus on implementation. On this Global Wind Day, we spotlight the need for action. Under the right conditions, offshore wind can accelerate decarbonisation, create jobs, and deliver clean, affordable power to millions of households. However, we risk missing out unless we get enough turbines in the water. The good news is that we can change this. By rethinking offshore wind auctions, we can turn more plans into actual projects. Learn more: https://lnkd.in/dg-j3-se