News release from Vestas Wind Systems A/S

News release from
Vestas Wind Systems A/S
24 October 2014
Vestas welcomes EU decision on a 27 per cent renewable energy target
EU agreement on 2030 energy and climate targets provides the policy clarity and market stability
industry needs.
Greater use of domestic renewable energy sources will reduce Europe’s dependence on imported
fuels, which in turn will help insulate the EU against fuel price volatility and increase the EU’s security
of energy supply. Wind turbines, for example, use an abundant carbon-free resource, and once a
wind farm is built, its operating costs are low, predictable and stable for up to 25 years.
The energy and climate targets provide policy clarity and market stability, which enables further
industrialization, technological developments and cost reductions. In other words, the EU agreement
will help industry to continuously lower the cost of renewable energy.
“The 27 per cent EU-level renewable energy target demonstrates a continued commitment to
renewables in the EU,” says Vestas CEO Anders Runevad. “And we acknowledge the Danish policy
leadership that helped to secure this outcome. In the absence of national binding targets, however, it
is essential that a reliable governance system is developed to give confidence to investors that the
target is truly binding.”
For more information, please contact:
Michael Zarin, Head of External Communications & Media Relations
Tel:
+45 4084 1526
Email: mizar@vestas.com
About Vestas
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against
climate change. Wind power from Vestas’ more than 52,000 wind turbines currently reduces carbon
emissions by over 60 million tons of CO2 every year, while at the same time building energy security
and independence.
Vestas has delivered wind energy in 73 countries, providing jobs for around 17,500 passionate people
at our service and project sites, research facilities, factories and offices all over the world. With 52 per
cent more megawatts installed than our closest competitor and more than 62 GW of cumulative
installed capacity worldwide, Vestas is the world leader in wind energy.
We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us
on our social media channels:
 www.twitter.com/vestas
 www.linkedin.com/company/vestas
 www.facebook.com/vestas
 https://plus.google.com/+vestas
Vestas Wind Systems A/S
Hedeager 44, 8200 Aarhus N, Denmark
Tel: +45 9730 0000, Fax: +45 9730 0001, vestas@vestas.com, www.vestas.com
Bank: Nordea Bank Danmark A/S, Reg. No.: 2100, Account No.: DKK 0651 117097 - EUR 5005 677997
Company Reg. No.: 10 40 37 82
Company Reg. Name: Vestas Wind Systems A/S