Danish wind turbine manufacturer Vestas announced a flurry of new orders on December 30 as it strove to meet its full-year 2011 guidance for an order intake of 7,000-8,000 megawatts of turbines. By late afternoon Vestas had announced half a dozen orders with a total capacity of 259 MW, taking the company's year-to-date announced orders to 6,194 MW, still below the guided range.
"We are confident. We stand by our 7,000-8,000 MW target," Head of Investor Relations Peter Kruse told Reuters. "Historically, we receive many unannounced orders in the fourth quarter."
Vestas Wind Systems A/S, the world's largest wind turbine maker, has stood by its guidance on orders through a difficult year in which it has had to lower revenue and earnings expectations and abandon its long-term targets for 2015. The company's policy is to announce only orders worth more than 250 million crowns ($43.43 million), but it always accumulates some smaller unannounced orders that can help close the gap to the target range for order intake. "The unannounced orders have a tendency to be larger at the end of the year than in the beginning," Kruse said.
Vestas said it won a 69 MW turbine order from Sweden, a 24 MW order from France, a 50 MW order in Pakistan, a 54 MW order from the UK and a 62 MW order in Germany and Italy.
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