Vestas Returns to Peru With 72 MW Emma Wind Farm Order as Q2 2026 Revenue Surges 26%

Vestas Wind Systems has secured a contract to supply and install 16 wind turbines for the 72 MW Emma Wind Farm in Peru, marking its return to the Peruvian market. The order comes as Vestas also reported its strongest second-quarter results in years, with revenue climbing 26% year-over-year and its EBIT margin jumping to 9.4%.

The Emma Wind Farm Order

Statkraft Peru selected Vestas to develop the Emma Wind Farm, located in the Piura region of northern Peru, with an installed capacity of 72 MW generated by 16 V163-4.5 MW wind turbines . The contract also includes a long-term service agreement, though the exact duration has not been publicly specified . The order was announced on August 13–14, 2026 .

Statkraft began construction of the Emma Wind Project in early July 2026 . Delivery of the main turbine components is scheduled for the second quarter of 2027, and all turbines are expected to be commissioned by the first quarter of 2028 . The project is projected to produce approximately 325 GWh of electricity annually, benefiting from the region's strong and stable wind conditions .

Vestas' Expanding Latin America Presence

The Peru order is part of a broader Latin American expansion strategy. Vestas has secured several major projects across the region:

• Brazil: An 828 MW order from Casa dos Ventos for the Dom Inocêncio wind complex in Piauí state, with construction starting in 2026 and commissioning by 2028 . Vestas also won a 230 MW order from Equinor and Rio Energy for the Esquina do Vento Wind Project in Rio Grande do Norte, supplying 51 V163-4.5 MW turbines with a long-term AOM 5000 service agreement .
• Chile: A 128 MW project using 20 V162-6.4 MW turbines, supported by a 10-year AOM 5000 service agreement .
• Argentina: Vestas has undertaken projects in Argentina to help mitigate market headwinds in Brazil .

According to Vestas' Q2 2026 interim report, cumulative installed capacity in Latin America stands at 1,282 MW in Brazil, 39 MW in Chile, 106 MW in Argentina, and 260 MW in Mexico .

Q2 2026 Earnings: A Standout Quarter

Vestas reported exceptionally strong second-quarter 2026 results on August 12, 2026, beating analyst expectations across key metrics.

Metric	Q2 2026	Change vs. Q2 2025
Revenue	EUR 4,723 million	+26.1% year-over-year
EBIT margin (before special items)	9.4%	Up ~8 percentage points YoY
EBIT (before special items)	EUR 446 million	More than doubled vs. consensus
EPS	EUR 1.11	+46% year-over-year
Order intake	3,349 MW (EUR 3.4 billion)	+67% YoY in MW terms
Combined order backlog	EUR 76.9 billion	Record level

Based on the strong performance, Vestas raised its 2026 EBIT margin guidance to 7–9% (from the previous 6–8%) and announced a new EUR 400 million share buyback program to run from August 2026 through year-end .

The market reacted sharply: shares surged as much as ~19% on August 12, 2026 — the largest single-day gain since July 2022 — reaching their highest level since December 2023 . The operating profit beat was more than double analyst consensus estimates, driven by stronger turbine deliveries, better project execution, and improved margins in the Power Solutions segment .