Copenhagen Stock Exchange
Nikolaj Plads 6
1067 Copenhagen K
Randers, 13 March 2007
Stock exchange announcement No. 5/2007
Vestas receives large order for V90-3.0 MW turbines for Turkey
Vestas has received a 90 MW order for 30 units of the V90-3.0 MW turbine for the
Samli project in Turkey. The order comprises supply and installation, as well as
a two-year service and maintenance contract. The wind power plant will be
installed in the area of Balikesir close to Bandirma.
The order has been placed by BAKI Elektrik Üretim Ltd., a company belonging to
Aksa Enerji. Aksa Enerji is fully owned by KAZANCI Holding, which is a leading
Turkish Group within manufacturing of machinery and equipment for electricity
generation.
This is the third order which Aksa Enerji has placed with Vestas within recent
years. Vestas has already installed 10.8 MW at the Karakurt site in the Izmir
region, and the Sabenova project consisting of 15 units of the V80-2.0 MW
turbines will be installed during the first half of 2007.
"Turkey is a fast growing energy market, and a strong dependency on external
energy sources (70 per cent) is forcing Turkey to focus on new energy sources
such as wind,” says Ebbe Funk, President of Vestas Mediterranean A/S. “At the
same time,” he continues: “Turkey has a huge unexploited wind potential and we
believe that wind energy could play a significant role in differentiating the
energy mix and meeting the growing electricity demand in Turkey. This contract
represents the largest wind power project in Turkey, and it clearly demonstrates
Vestas' undeniable commitment to this market.”
“Furthermore, we are very pleased to have signed yet another contract with Aksa
Enerji, which proves their loyalty towards Vestas and our products. During the
negotiation phase, we have also had an excellent cooperation with EKF, The
Danish Export Credit Agency, who has helped facilitate a financing concept for
the project,” Ebbe Funk concludes.
Delivery of the turbines will begin during the summer of 2007, and commissioning
is expected to take place in the spring of 2008. The wind power plant, which
will have an annual estimated power production of 256 GWh will spare the
environment from approx 140,000 tons of CO2 per year.
The above order does not affect the Vestas Group's expectations for 2007 cf.
Stock exchange announcement No 4/2007 of 9 February 2007.
Any questions may be addressed to Ebbe Funk, President of Vestas Mediterranean
A/S, telephone +34 93 241 9800 or to Peter Wenzel Kruse, Vice President of
Communication & IR at Vestas Wind Systems A/S, telephone +45 9730 0000.
Yours sincerely
Vestas Wind Systems A/S
Ditlev Engel
President and CEO
