Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTMarch 29 (Renewables Now) - Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) has received a 103-MW order from steel pipes maker Tenaris SA (NYSE:TS) for a wind project in Argentina.
Vestas said on Tuesday it will supply and install 24 units of its V150-4.2 MW turbine, in 4.3 MW operating mode, at the Buena Ventura project in the province of Buenos Aires. The turbines are expected to be delivered in the third quarter of 2022 and to be commissioned in the third quarter of 2023.
The contract, Vestas’ first with Tenaris, also includes a 20-year Active Output Management 5000 (AOM 5000) service agreement.
The turbine manufacturer says it has a market share of more than 50% in Argentina, where it installed the country's first commercial wind turbine in 1991.
Tenaris announced its plans to build the wind farm to reduce emissions from its Siderca mill in Argentina last month. The company intends to invest USD 190 million (EUR 173m) in the project, which will provide almost half of the mill’s electricity needs.
(USD 1 = EUR 0.912)
Weekly renewables M&A round-up (Jun 27-Jul 1)
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