Vestas Wind Systems AS ADR (VWDRY) Wind Turbines Orders on the Rise

Vestas Wind Systems AS ADR (OTCMKTS:VWDRY) is one of the best wind power and solar stocks to buy according to analysts. On September 2, the company confirmed the signing of a deal for a 94MW order in Germany, following the securing of a 74MW order from Prezeller Wind GmbH & Co. in August.

Vestas Wind Systems AS ADR (VWDRY) Wind Turbines Orders on the Rise

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The two deals come weeks after the company secured an order from ENERTRAG for V172-7.2 WM wind turbines for two projects in Brandenburg, Germany, totaling 115MW.

The wave of wind turbines underscores the growing demand for the company’s solutions, while supporting its strategy for a secure and 100% renewable energy supply. At the end of the first quarter, Vestas Wind Systems secured 376MW of onshore wind orders, affirming its growing backlog.

“Thanks to Vestas latest turbine technology, we can deliver more energy with fewer installations – strengthening regional supply and reducing land use. The projects will power around 85,000 households and cut over 200,000 tons of CO₂ annually. Together with Vestas, we are advancing performance, innovation and local benefit,” says Dr. Gunar Hering, CEO ENERTRAG.

Vestas Wind Systems AS ADR (OTCMKTS:VWDRY) is a leading provider of sustainable energy solutions, specializing in the design, manufacturing, installation, and servicing of wind turbines for both onshore and offshore projects worldwide. It also offers services for maintaining existing wind turbine fleets and developing renewable energy projects to accelerate the transition to a sustainable energy system.

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Disclosure: None. This article is originally published at Insider Monkey.