Vestas confirms conditional order for 2 GW from MidAmerican
Vestas wind park in the US. Image: Courtesy of Vestas Wind Systems A/S
Denmark’s Vestas Wind Systems A/S (CPH:VWS) on Friday confirmed it has entered into a conditional deal to supply turbines for MidAmerican Energy Co’s up to 2-GW Wind XI power complex in the US state of Iowa.
Vestas made the announcement after MidAmerican filed a notice with the Iowa Utilities Board (IUB) highlighting the agreement. Pending project clearance by the IUB, the Danish company will supply and commission 1,000 units of its V110-2.0 MW wind turbines in the period 2016-2019.
The parties have also agreed a five-year Active Output Management (AOM) 4000 service deal with options to extend for up to 10 years. In addition, the conditional contract includes exclusivity provisions for Vestas to supply 100% of MidAmerican’s 2016 PTC Safe Harbor components.
MidAmerican Energy is a US utility owned by Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A). Once Wind XI starts generating power, the company will be producing 85% of its retail load from wind. It filed its plan for the USD 3.6 billion (EUR 3.2bn) complex to the IUB in April 2016.