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Landmark turbine deal powers Vestas shares

COPENHAGEN (Reuters) - Shares in Danish wind turbine maker Vestas jumped 8 percent on Friday after the company late on Thursday said it had signed a major deal to supply turbines to France's EDF...

COPENHAGEN (Reuters) - Shares in Danish wind turbine maker Vestas jumped 8 percent on Friday after the company late on Thursday said it had signed a major deal to supply turbines to France's EDF Energies Nouvelles.

The shares traded up 7.8 percent at 128.80 crowns by 10:38 a.m. EDT, after touching a near two-week high 132 crowns, outpacing a 1 percent rise in Copenhagen's blue-chip index.

Vestas said the French renewable energy company would buy at least half its onshore wind turbines in Europe, and at least 30 percent of future onshore turbines in the U.S., from Vestas for delivery in 2012 to 2014.

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