Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTMarch 30 (Renewables Now) - Vestas Wind Systems A/S (CPH:VWS) has secured an order from ABO Wind AG to deliver 20.7 MW of turbines for a project awarded in Germany’s latest wind auction.
Under the contract, the Danish wind turbine maker will supply six units of its V136-3.45 MW turbines for the project in Arzfeld municipality, in the southwestern state of Rhineland-Palatinate, it said on Thursday.
Vestas expects to supply the turbines in the last quarter of this year. The order, which is part of a broader framework contract between ABO Wind and Vestas, also includes a 20-year Active Output Management 5000 (AOM5000) service agreement.
The project has in place a revenue share agreement between the citizens owning the land and the municipality.
The deal represents Vestas’ first order from Germany’s wind tender completed in February, which was won by 83 onshore wind projects of 709 MW in total.
Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTCentrotherm frees funds for product development with unit sale
Dec 06, 2019 12:29 CESTPNE's services unit takes over Rope Access Solutions
Dec 06, 2019 10:38 CESTDaiwa Energy to buy 40% of Aquila Capital
Dec 06, 2019 10:05 CESTSUMMIQ cancels IPO as order book falls short of target
Dec 06, 2019 8:50 CESTStatkraft, Enerparc ink PPA for 52 MWp of solar in Germany
Dec 04, 2019 15:09 CEST