EnergyWatch

Vestas upgrades full-year forecast once again

The Danish wind turbine manufacturer Vestas has added EUR 1 billion to its original projections for the free cash flow in 2016. A strong order intake is the explanation for the second upgrade in less than two months.

Photo: Frank Boutrup Schmidt/Vestas

The past month has been a whirlwind for Vestas. In December alone, the turbine manufacturer announced new orders totaling almost 3 GW, which is a contributing factor in the expectations for 2016 being upgraded for the second time in two months.

"The improvement is primarily driven by a strong order intake," Vestas writes in a corporate statement Friday afternoon CET.

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