Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) closed the first quarter with a series of new contract awards that brought its announced order intake for the three months to 2,064 MW.
According to statistics published on the manufacturer’s website, it experienced a decrease in "announced" quarterly intake as compared to the first trimester of 2019 when it reported 2,248 MW of announced orders. The Q1 2019 figure was later boosted to 3,004 MW with the inclusion of 756 MW of unannounced deals.
Vestas is yet to disclose the unannounced deals for Q1 2020, which should happen in its forthcoming interim financial report.
In the last day of March, Vestas said it has bagged a 202-MW contract to deliver 47 units of its V150-4.2 MW turbines for a project in Sweden. The machines will be tailored in a 4.3-MW power optimised mode. Apart from supplying them, Vestas will also take care of their installation and commissioning and will also service the turbines under a 27-year Active Output Management 5000 (AOM 5000) contract.
While it did not disclose the name of its client, the manufacturer said it expects to ship the equipment in the first quarter of 2022, targeting commissioning in the third quarter of the same year.
Separately, Green Investment Group Ltd (GIG), which is part of Australia’s Macquarie Group Ltd (ASX:MQG), has placed an order for a 79.8-MW project in Norway. For it, Vestas will provide 19 units of its V150-4.2 MW turbines that will be optimised to fit the site’s specific climate conditions, including its anti-icing system. The deal covers the supply, installation and commissioning of the hardware, as well as a 25-year AOM 5000 service agreement.
Deliveries for this contract will be carried out in the second quarter of next year with the aim to switch the turbines on in 2021’s last quarter.
Moving a bit south, Vestas will supply, install and commission 36 MW of turbines for Italian energy group ERG SpA (BIT:ERG) in Poland. The deal calls for the delivery of 18 V100–2.0 MW turbines that will be powering ERG’s Laszki wind park in Podkarpackie province. Long-term servicing of the machines is included, as well.
The wind farm, which ERG won in a Polish renewables auction, will be put on stream in the second half of next year. Vestas will start supplying turbines for it in the first half of 2021.
Last but not least, Vestas registered a 48-MW order for a project that its customer, whose name was not specified, secured in Italy’s October 2019 renewables auction. Under this deal, the Danish firm will supply and install 14 units of its V136-3.45 MW turbines and service the machines under a 10-year AOM 4000 agreement. Deliveries of the equipment will kick off in the last quarter of 2020, while the wind park is planned to go live in the first quarter of 2021.
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The V136-3.45 MW turbine. Source: Vestas Wind Systems (www.vestas.com).
