Vestas gets firm deal for 424-MW Mexican wind farm

Vestas Wind Systems A/S (CPH:VWS) said on Tuesday that the recently announced agreement to equip Zuma Energia’s 424-MW Reynosa III wind farm in Mexico has turned into a firm and unconditional order.

As part of the deal, the value of which was not disclosed, the Danish wind turbine maker will supply and install 123 units of its V136-3.45 MW machines for the wind farm in the northeastern state of Tamaulipas. The agreement also includes a 15-year full-scope Active Output Management (AOM 5000) service contract.

Vestas expects to start delivering the equipment late this year and commission the plant in 2018. The company noted that it will make the turbine blades in Mexico.

The Danish firm has been active on the Mexican wind market since 1994. Including the deal with Zuma Energia, its order intake from energy auctions in the North American country stands at nearly 500 MW. Overall, Vestas has installed or has under construction over 1.5 GW of wind turbines in Mexico.

The Reynosa III project was awarded to Zuma Energia as part of Mexico’s renewable energy auction in September 2016. The North American country aims to source 50% of its total energy from renewables by 2050.

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