Vestas Wind Systems has received its largest purchase order ever and has resumed production at its Windsor plant.
The Danish wind-turbine manufacturer received an order valued at $2.9 billion to deliver and maintain turbines in Europe and North and South America for Portugal-based utility EDP Renovaveis SA. The Greeley Tribune recently reported that production at the plant had resumed.
Vestas in December had said it was temporarily suspending production at the Windsor blade-manufacturing plant because of an economy-related lull in the wind-energy sector. The plant’s 500 employees continued to report to work but were assigned to training, facility maintenance and other nonproduction jobs.
Vestas, which reports first-quarter earnings today, is expected to fall short of its $9.3 billion sales forecast for 2010, according to a Bloomberg survey of 35 analysts. The average analyst estimate is revenue of $9.2 billion. The Denver Post
