Vestas Confirms new Chinese Order

Danish wind energy company Vestas has announced a new order from China’s largest developer of wind energy, Longyuan Power Group. The order is for 18 units of its V80-2.0 MW turbine totaling 36 megawatts and the first delivery is scheduled to take place in the third quarter of 2010. The new deal is the latest in a series Chinese orders for the Danish company and represents the further development of a market it first entered in 1986

“Fujian is also one of the most important provinces for the wind industry in the south eastern costal area of China” Jens Tommerup, President of Vestas China. “Just this past half year, Vestas has received over 150 MW in orders for Fujian province alone, so we are well under way in building up a firm presence.”

Vestas describes China Longyuan Power Group as “one of its most important customers”. The company’s IPO in Hong Kong at the end of 2009 raised USD 2.2 billion, which will help fund new wind energy production.

Vestas was the first wind turbine company to enter the Chinese market when it installed a number of turbines in Shandong in 1986 an Aug 2 company statement points out. By the end of 2009, Vestas had invested more than RMB 3.5 billion in China, the statement added.


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