Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTJanuary 3 (Renewables Now) - Danish wind turbine manufacturer Vestas Wind Systems A/S (CPH:VWS) has received orders to deliver its equipment and services for 872 MW of wind farm projects in Brazil and Argentina, it announced just before the New Year.
Brazilian renewable energy company Elera Renovaveis, the local arm of Brookfield Asset Management Inc (TSE:BAM.A), placed an order for 55 of Vestas' V150-4.5 MW turbines to be delivered for the 248-MW Serido Oeste project in the Rio Grande do Norte state.
The turbines will be delivered during the second quarter of 2023, with the wind farm due to be brought online in the second quarter of 2024. The contract also includes a 20-year Active Output Management 5000 (AOM 5000) service agreement.
Vestas' second order in Brazil comes from energy trader 2W Energia and it is for the 113-MW Kairos project in the state of Ceara. The order includes the supply of 25 V150-4.5 MW wind turbines and a 15-year AOM 5000 agreement.
Turbine delivery is scheduled for the second quarter of 2023 and commissioning is planned for the last quarter of the same year.
Vestas' third contract secured in Brazil is a multi-brand service agreement with renewables developer Renova Energia SA (BVMF:RNEW11) for the operation and maintenance (O&M) of 155 Alstom (EPA:ALO) ECO 100, 110 and 122 wind turbines.
The turbines form the 430-MW Alto Sertao III wind complex located in Bahia. There, Vestas will provide regular preventive maintenance over the next ten years as part of the long-term AOM 2000 agreement.
In Argentina, Vestas turbines will be used for the 81-MW De la Bahia II project in Buenos Aires province. This project will raise the capacity of the existing De la Bahia wind farm to 187 MW.
The customer is domestic power company Pampa Energia SA (BCBA:PAMP).
The Danish manufacturer will supply a total of 18 units of its V150-4.2 MW turbines for the expansion and provide services under the 20-year AOM 5000 contract.
Vestas expects to deliver the turbines in the third quarter of 2022, while commissioning is set to occur in the second quarter of 2023.
Weekly renewables M&A round-up (Jun 27-Jul 1)
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