Vestas Wind Systems A/S has secured a major contract to deliver turbines for RWE's 1.38 gigawatt (GW) Vanguard East offshore wind project in the United Kingdom. The Danish wind turbine manufacturer announced the order on Tuesday, which includes supplying, installing, and commissioning 92 V236-15.0 MW turbines.

This deal follows the confirmation of the neighboring Vanguard West project last month, further solidifying Vestas' foothold in the competitive British offshore wind market. After handover, Vestas will provide a five-year service package, followed by a long-term agreement for operational support.

The two Vanguard projects together advance the UK's ambition to achieve 100% clean energy by 2030. "RWE is making good progress on realizing both large offshore wind projects in the UK," stated Sven Utermöhlen, CEO of RWE Offshore Wind. He added that the company remains on track to make a final investment decision for both this summer.

No financial terms were disclosed for the Vanguard East order. Vestas shares climbed 2.9% on the Copenhagen Stock Exchange following the news.

Trading at 162.45 DKK per share, Vestas boasts a market capitalization of approximately 25.4 billion DKK. Four analysts rate the stock as Outperform, with an average target price of 190 DKK. That implies roughly 17% upside from current levels, reflecting confidence in the company's position in the growing renewables sector.

Vestas operates in the Industrials sector, specifically Electrical Equipment, and has garnered a fundamental score of 63 (Hold) alongside a technical score of 68. This latest win underscores its expertise in large-scale offshore projects, where high-capacity turbines like the V236-15.0 MW play a crucial role in efficient energy production.

The UK offshore wind market continues to expand rapidly, driven by government targets and corporate demand for sustainable power. Orders like this not only fill Vestas' pipeline but also position it favorably against rivals in a space critical to the global energy transition.

For Dutch and Belgian investors, Vestas offers exposure to Europe's offshore wind boom through its Copenhagen listing. The Vanguard East contract highlights ongoing momentum, even as the company navigates broader industry challenges like supply chain pressures and policy shifts.