==Recent Developments==
* '''Vestas Wind Systems A/S Receives 102 MW Order in California, USA''' (05/6/2011)
: Vestas Wind Systems A/S has received a Supply-only firm and unconditional order for 34 V90-3.0 MW wind turbines for California, USA, from Brookfield Renewable Power and Coram California Development Management, LLC. Delivery is scheduled for second half of 2011 and commissioning is expected by late 2011.
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* '''Vestas Announces 49-MW Order, 250-MW Frame Deal in China''' (05/4/2011)
: Vestas Wind Systems A/S announced that it signed a 49-MW contract for delivery of V80 turbines and a frame agreement for another 250 MW with Chinese Inner Mongolia Guibang Shengtai Investment Co Ltd. (GSI). The turbines will be installed in a project in Huitengxile in the Chinese Inner Mongolia autonomous region. They are due for delivery in the third quarter of 2011. Vestas will deliver the turbines and supervise their installation and commissioning. It will as well provide a VestasOnline Business SCADA solution and service and maintenance.
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* '''Vestas Wind Systems A/S Reports Earnings Results for the First Quarter of 2011; Provides Earnings Guidance for the First Half Year of 2011''' (05/4/2011)
: Vestas Wind Systems A/S reported earnings results for the first quarter of 2011. For the quarter, the company reported revenue of EUR 1,060 million, an increase of 25% relative to the first quarter of 2010, and as announced realized a loss. The EBIT margin fell from 4.6% to 6.5%. The development confirms that revenue and earnings may show major quarter-on-quarter fluctuations depending on the capacity utilization and the type of projects handed over. The free cash flow was improved compared to the first quarter of 2010 by EUR 116 million to EUR 431 million. The first half year of 2011 is expected to break even against an EBIT loss of EUR 219 million during the first half year of 2010.
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Source: [http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=VWS:DC Businessweek]
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