AES Corp (AES) to buy 52 large 3 megawatt turbines from Vestas (VWSYF)

STOCKHOLM -(Dow Jones)- Vestas Winds Systems A/S (VWSYF) Thursday said it has received an order from the AES Corporation (AES) for delivery of 52 units of the V90-3.0 MW wind turbine.

It said the contract includes delivery, installation and commissioning of the turbines, as well as a five-year service and maintenance agreement.

Delivery is scheduled to start in the fourth quarter of 2008, and the project will be completed by the end of 2009.

Vestas said AES one of the world's largest global power companies. AES entered the wind generation business in 2004, and Thursday operates 1,000 MW of wind projects and has 4,000 MW of wind projects in various stages of development worldwide.

"We are proud that AES has chosen Vestas as its partner for this large wind energy project, and we look forward to continuing our fruitful cooperation with them," said Hans Joern Rieks, President of Vestas Central Europe A/S. It said the above order doesn't affect the Vestas Group's expectations for 2007 and 2008.


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