International Wind Energy Markets: Vestas Scores With Major Order From New Zealand And Secures Order From Spain

Seoul, South Korea / Madrid, Spain - The Danish wind turbine giant Vestas is reporting further orders towards the end of the second quarter this week.

A 155 MW order for the second expansion phase of the Kaiwera Downs wind farm from Mercury Energy has been received from New Zealand. The order comprises the delivery and installation of 36 Vestas turbines of type V136-4.2 MW in the 4.3 MW operating mode as well as a 30-year service and maintenance contract. The project builds on the first phase of the Kaiwera Downs wind farm, which was also supplied by Vestas.

Once commissioned, the Kaiwera Downs phase one and two sub-projects will be the second largest wind farm in New Zealand. Delivery of the Vestas wind turbines is expected to begin in the fourth quarter of 2025, with commissioning in the first quarter of 2026.

"We are pleased that Vestas and Mercury’s portfolio continues to expand in New Zealand’s promising renewable energy market. Upon completion of Stage Two, Kaiwera Downs will continue to accelerate the country’s decarbonisation ambitions", said Danny Nielsen, Senior Vice President and Country Head of Vestas Australia & New Zealand, welcoming the order.

Vestas has also received a 50 MW order from Spain for several wind projects. The client is the renewable energy company Elawan Energy - Grupo Orix. The order comprises the delivery and installation of five V162-6.2 MW wind turbines and three V162-6.2 MW wind turbines with a capacity of 6.4 MW. The order also includes a 25-year service contract. Delivery of the turbines for the projects is expected to begin in the first quarter of 2025, while commissioning is scheduled for the second and third quarters of 2025.

"This order also showcases the suitability of our EnVentus platform for the Spanish market. Its flexible power rating and full-converter technology provide our customers with the reliability they need to develop new wind projects in the country", said José Luis del Cerro, General Manager of Vestas Spain.

The Vestas share price fell by 2 per cent to EUR 23.50 on the first two trading days of this week (closing price, 26/06/2024, Stuttgart Stock Exchange). This represents a drop of 18.1 per cent compared to the share price at the turn of the year.

Source: IWR Online, Jun 06 2024