Vestas Announces Five U.S. Wind Agreements

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On Monday, Vestas announced five separate U.S. wind power agreements, all of which are for undisclosed projects and customers.

First, Vestas has secured an order for 359 MW of V120-2.2 MW turbines. Including previously purchased V112-3.45 MW components, the project has a total nameplate capacity of 400 MW. Turbine delivery and commissioning are planned for the first and third quarters of 2020, respectively.

Next, the company has secured an order for 230 MW of V136-3.45 MW turbines delivered in 3.6 MW power-optimized mode. Including previously purchased 2 MW components, the project has a total nameplate capacity of 241 MW. Delivery and commissioning are expected in the second and third quarters of 2020, respectively.

In addition, Vestas has announced an order for 134 MW of V110-2.0 turbines for a 150 MW project that includes previously purchased 2 MW components. Turbine delivery will begin in the second quarter of 2020, with commissioning scheduled for the fourth quarter of 2020.

The company has also received an order for 256 MW of V120-2.2 MW turbines. Turbine delivery will begin in the second quarter of 2020, with commissioning scheduled for the fourth quarter of 2020.

Lastly, Vestas has secured an order for 337 MW of V150-4.2 MW turbines and V136-3.45 turbines delivered in 3.7 MW power-optimized mode. The project was originally developed by Roaring Fork Wind LLC, a joint venture between RES and Steelhead Americas, Vestas’ development arm in North America. Turbine delivery and commissioning are scheduled for the first and third quarters of 2020, respectively.

All of the orders include turbine supply and commissioning, as well as multiyear service agreements. Vestas’ announced order intake in the U.S. this year has now surpassed 4.4 GW.

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Thomas
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Thomas

Why are the customers undisclosed? What are they hiding? And, why is Vestas laying off 600 employees?

Anon
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Anon

Layoffs are probably due to the Federal Production Tax Credit expiring. Will be interesting to see if this industry falls off a cliff in the next year or so.