30 Dec '14, 6pm

Great #renewables news to kick of 2015 as @Vestas receive 258MW order in the UK #UKRenewables

The contract covers supply, installation and commissioning of the wind turbines, as well as a five year full-scope service contract. The 258 MW order will be placed by DONG Energy. Rolling Along This latest project caps a productive year for Vestats. In the third quarter of 2014, Vestas generated revenue of EUR 1,813m – an increase of 26 per cent compared to the third quarter of 2013. EBIT before special items increased by EUR 96m to EUR 163m, primarily due to higher volume and to a lesser extent also caused by improved average margins. The EBIT margin before special items was 9.0 per cent. The net result increased by EUR 189m to EUR 102m and the free cash flow increased by EUR 49m to EUR 105m compared to the third quarter of 2013. The intake of firm and unconditional wind turbine orders amounted to 1,170 MW in the third quarter of 2014 – a decrease of 24 per cent compared...

Full article: http://www.renewableenergyfocus.com/view/40977/mhi-vestas...

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