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Ørsted — M&A Activity 2012
Dec 11, 2012
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Download source fileToday DONG Energy and Vestas Wind Systems have entered into a cooperation
agreement on the testing of Vestas' V164-8.0 MW wind turbine at Test Centre
Østerild in Denmark. Through this agreement, DONG Energy becomes involved
earlier in Vestas´ development of the V164-8.0 MW offshore wind turbine than
previously envisaged. This ensures DONG Energy a detailed understanding of
and experience with Vestas’ new offshore wind turbine at an early stage.
DONG Energy will now engage in a number of test activities together with Vestas
in the prototype at Test Centre Østerild to accelerate the development of the
V164-8.0 MW.
As a consequence of the enhanced cooperation and early access to relevant test
data from Test Centre Østerild, DONG Energy has decided not to build the
V164-8.0 MW as a test- and demonstration project in Frederikshavn. The reason
for this is that the majority of the tests that DONG Energy were envisaging to
perform at the Frederikshavn demonstration site are included in the Vestas
planned test scope at Østerild.
“The cooperation with Vestas on the V164-8.0 MW turbine is very exciting. We
look forward to give our input to the development of Vestas’ next-generation
wind turbine, as large turbines, dedicated to offshore conditions, contribute
to more competitive offshore wind turbine technology” said Henrik Poulsen, CEO
of DONG Energy, and continued:
“We positively view our relationship with Vestas. We have an ambition to reduce
the cost of renewable energy within the foreseeable future, and the V164-8.0 MW
turbine could potentially be a solid contributor to that.”
DONG Energy's active participation in the prototype turbine at an early stage
will support and further expand the cooperation between DONG Energy and Vestas.
“I am very pleased to see the most experienced offshore wind operator, DONG
Energy, so actively stepping in to directly participate in the future testing
of the V164-8.0MW turbine. The turbine represents a great opportunity for both
our companies and having DONG Energy so closely involved in the test activities
will be valuable for us both”, said Ditlev Engel, President and CEO of Vestas
Wind Systems and adds:
“I look forward to building on the trust that they have placed in Vestas and in
our next generation offshore turbine to further intensify our joint
collaboration”.
Vestas expects that the first turbine will be installed and commissioned at
Test Centre Østerild during the second quarter of 2014. If the tests results
are positive, there may be interest in further test and possibly commercial
collaboration between the two companies.
The information provided in this announcement does not change DONG Energy's
previous financial guidance for the 2012 financial year or the announced
expected investment level.
For additional information, please contact:
DONG Energy
Media Relations
Rune Birk Nielsen
+45 9955 6543
Investor Relations
Allan Bødskov Andersen
+45 9955 9769
Vestas Wind Systems A/S
Michael Zarin
Senior Specialist, Global Media Relations
Group MarCom & Corporate Relations
T +45 9730 7846
M +45 4084 1526
[email protected]
http://www.vestas.com
About DONG Energy
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 7,000 employees and generated DKK 57 billion (EUR 7.6
billion) in revenue in 2011. For further information, see www.dongenergy.com.
About Vestas Wind Systems A/S
Every single day, Vestas wind turbines deliver clean energy that supports the
global fight against climate change. Wind power from Vestas’ more than 47,000
wind turbines currently reduces carbon emissions by approximately 55 million
tons of CO2 every year, while at the same time building energy security and
independence.
Today, Vestas has delivered wind energy in more than 70 countries, providing
jobs for around 19,000 passionate people at our service and project sites,
research facilities, factories and offices all over the world. With 65 per cent
more megawatts installed than our closest competitor and more than 51 GW of
cumulative installed capacity worldwide, Vestas is the world leader in wind
energy.
We invite you to learn more about Vestas by visiting our website at
www.vestas.com