Vestas has received a 200 MW order from First Wind for the South Plains Wind project in Texas. The turbine maker says the deal further strengthens its relationship with First Wind and adds to Vestas' growing presence in the Lone Star State.
The agreement comprises supply and commissioning of 100 V100-2.0 MW turbines, as well as a 10-year Active Output Management service agreement. The project, located in Floyd County, should be completed and online by the end of 2015.
Vestas notes this order is in addition to a 718 MW master supply agreement with First Wind announced in December 2013. The developer has now purchased a variety of turbines from Vestas, including the V100-2.0 MW, V100-1.8 MW, V110-2.0 MW and V112-3.0 MW models.
"South Plains is the fifth project Vestas has announced with First Wind since 2011. That record speaks to the depth and strength of the relationship between our two companies," says Chris Brown, president of Vestas' North American sales and service.
Vestas says the South Plains deal brings its announced orders in Texas in 2013 and 2014 to almost 1.5 GW, in addition to more than 1.2 GW of Vestas turbines already in operation in this state.
Separately, First Wind has announced it obtained $254 million in financing for South Plains, which is the company's second project in Texas. Mitsubishi UFJ Financial Group has committed tax equity, and BayernLB is providing term debt financing.
"We're pleased to secure the necessary financing to move forward with the South Plains Wind project while expanding our relationship with Vestas," says Paul Gaynor, CEO of First Wind. "This is a significant milestone for the South Plains project, and we appreciate the commitment of our financial, turbine, construction and community partners."