$NEE (-2.77%) Opened a new position today via one-time investment. A nice combination with $VWS (-0.5%) to cover renewable energies.
Vestas Wind SystemsDK0061539921VWSVWS
Wind power plant expansion in Germany
I have just come from a lecture on building law in which the new Wind Energy Area Requirements Act (WindBG), which will come into force on February 1, 2023, was presented.
This was launched by the Ministry of Economics and has the goal that by the end of 2032 2% of the state's land area in Germany should be used for wind turbines (WEA) on a mandatory basis.
This is regulated individually for each federal state and depends on the area of the state (Table: Contribution parameters).
The current ACTUAL value is unfortunately difficult to determine, as the areas are individually regulated, unfortunately I have not found anything reliable.
From a documentation of the Bundestag from 6.8.2022 shows that according to the Energy Watch Group by 2030 23.903 WTGs will be needed. For this purpose 11.140 new + renewed turbines will be needed.
However, according to the German Wind Energy Association the number of wind turbines depends on many factors, such as the size of the area or the layout of the site. These go in a calculation of a total of approx. 35.000 new WTGs with higher rated power.
Now I asked myself in the lecture which companies there are in the industry and above all which are listed on the stock exchange. (With regard to the expansion in DE)
Spontaneously I thought of Vestas Wind $VWS (-0.5%) of which I have already seen several turbines.
Which companies come to your mind?
Have you already dealt with the topic?
I would be happy about an exciting exchange!
Sources:
- BauGB 52nd edition WindBG
- Documentation of the Bundestag: https://www.bundestag.de/resource/blob/920010/1b3b64814f254ca223d8a9eb85b7ea24/WD-8-062-22-WD-5-101-22-pdf-data.pdf
Financials
Market Cap
$24.72B5Y beta
1.45EPS (TTM)
-$0.0574Free Float
1.01BRevenue (TTM)
$16.85BEBITDA (TTM)
$893.80MFree Cashflow (TTM)
$1.13BPricing
Analyst Ratings
The price target is $33.28 and the stock is covered by 29 analysts.
Buy
17
Hold
9
Sell
3
Information
Vestas Wind Systems A/S is a Denmark-based company active within the wind power industry. The Company operates through two segments, Project and Service. The Project segment is responsible for sale of wind power plants and wind turbines, among others. The Service segment contains provision of services related to the Company's offer, as well as sale of spare parts and other activities. Vestas Wind System's product line comprises 2 Megawatt (MW) and 3MW energy capture platforms equipped with ice, smoke and shadow detection systems. Its services range consists of data-driven consultancy services, fleet optimization, blade maintenance and inspection, power generator repairs and gearbox exchange, among others.