EnergyWatch

Price for Vestas turbines declines 7.5 percent

The wind turbine manufacturer landed a profit before tax of EUR 1.192 billion from revenue of almost EUR 10 billion in 2017. The order intake was the highest ever.

Photo: Frank Boutrup Schmidt/Vestas

Correction 10:00: The price per MW was originally calculated on the numbers from the Vestas annual report. Vestas informs in its investor presentation that the actual price was lower – EUR 0.74 million/MW and not EUR 0.75 million /MW. The difference is likely due to the value of the order intake being presented in rough figures in the annual report, which slightly distorts the scenario. EnergyWatch apologizes.

The price of a Vestas turbine was DKK 5.51 million (EUR 740,000) per MW in the fourth quarter 2017.

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