- VWDRY +0.13%
Vestas has secured a 660 megawatt offshore wind order in the EMEA region, the turbine manufacturer said Monday, marking one of its largest additions to the company’s fourth-quarter order book. The deal, disclosed without identifying the customer, project location, turbine model, or service terms, underscores continued momentum for offshore wind procurement in Europe despite cost pressures that have challenged the sector in recent years.
The order covers 660 MW of offshore capacity and includes a service agreement, though Vestas did not provide details on the contract duration, delivery schedule, or technology platform. The project’s delivery and commissioning timeline also remain undisclosed.
While limited in specifics, the announcement signals a steady rebound in offshore activity across EMEA after a series of project cancellations and renegotiations in 2023–2024 prompted by inflation, supply-chain disruptions, and low contracted power prices. Developers have increasingly returned to the market as governments adjust auction frameworks and offtake regimes to reflect higher capital costs.
Vestas’ ability to secure substantial unnamed orders also reflects common industry practice, with major developers often withholding project information until all regulatory and financing milestones are complete. For investors, the volume confirms Vestas’ ongoing competitiveness in the offshore segment, where OEMs have faced mounting pressure to stabilize margins.
The Danish manufacturer remains the world’s largest wind turbine supplier, with more than 197 GW installed globally and a service fleet exceeding 159 GW. Offshore wind represents a growing portion of its strategy as European markets push to meet more ambitious 2030 renewable-energy targets.
With this latest 660 MW addition, Vestas continues to build its Q4 intake ahead of year-end disclosures, reinforcing a positive trend for turbine bookings across both offshore and onshore markets.
By Charles Kennedy for Oilprice.com
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