But the deal commits Vestas to a new, more disciplined way of operating, by curtailing its financial room for manoeuvre.

The core of the agreement is a €900m ($1.16bn) syndicated loan facility with its existing lender group of nine international banks. This is structured as a €650m revolving credit facility and a €250m amortising term loan, and replaces the current syndicated facility of €1.3bn.