Vestas has won the largest single order ever in Vestas history for delivery of
up to 2,100 MW. The order placed by EDP Renováveis (EDPR), the world third
largest wind power company, has been awarded to Vestas after a competitive
process launched more than one year ago in Chicago, USA.
On 26 April, 2010 the official signature of the contract between Vestas and
EDPR will take place in Lisbon, Portugal. EDPR s Chairman, Mr Antonio Mexía,
and Vestas President and CEO, Mr Ditlev Engel, will comment on the
significance of this agreement for both companies at a press conference to be
held at the Electricity Museum (Museu da Electricidade), Central Tejo, Avenida
Brasília, 300 - 598 Lisbon, Portugal at 12.30 p.m. GMT (1.30 p.m. CET).
The order, which is a Master Supply Agreement (MSA) for delivery of up to 2,100
MW, consists of an order for supply, installation and commissioning of wind
turbines with a total capacity of 1,500 MW to be delivered to North America,
South America and Europe in 2011 and 2012 with the possibility to be extended
by an additional 600 MW exercisable in 2010 and 2011. The agreement also
includes a two-year service and maintenance agreement extendable to five or ten
years, with a subsequent Technical Assistance Agreement for an additional
period.
The MSA, one of the largest global wind turbine orders ever announced
worldwide, clearly supports Vestas Triple15 targets, i.e. achieving EUR 15bn
revenues and 15 per cent EBIT margin no later than in 2015. In addition, it
sends a positive sign of renewed growth to the entire wind industry.
During a demanding competitive process, Vestas was selected among other major
wind turbine manufacturers around the world as the only best-in-class supplier
of wind technology for the full tender. The differentiating factor has been the
company s ability to provide the best global value to fit EDPR s short and
medium-term strategic business goals.
Ana Maria Fernandes, CEO of EDPR, states: “Through this agreement, EDPR
contracts from Vestas the wind turbine technology that optimises productivity
factors and the total cost of ownership, enabling EDPR to have a competitive
edge within the wind developing industry.”
“It has been a long and highly competitive process which today materialises in
the signing of this agreement, which will further improve EDPR s positioning in
the industry,” Ana Maria Fernandes adds.
Juan Araluce, President of Vestas Mediterranean, says: “We are very pleased to
sign this important agreement with EDPR, who is a global key player in the wind
energy industry, with whom at the end of 2009, Vestas had installed a total
capacity of approximately 2,500 MW worldwide representing around 40 per cent of
EDPR s total global wind capacity.”
He emphasises: “Our continuous focus on top performance and reduction of cost
of energy together with our flexibility in deliveries and our worldwide
footprint allow us to provide business case certainty and long-term visibility
to global customers, such as EDPR, and to our business.”
EDP Renováveis is the renewable energy branch of EDP - Energías de Portugal -
one of Europe s main electricity operators, with a presence in North and South
America and Europe. EDP Renováveis is the third largest generator of wind
power in the world, with a total installed capacity of 6,227 MW and with 30,310
MW prospected or already in the pipeline.
Vestas is a global company with more than 30 years of expertise and know-how in
the field of wind power. With an installed base of more than 40,600 turbines or
38,300 MW around the globe, Vestas is the world s leading and most committed
supplier of wind power solutions. 
Tuesday, April 27, 2010
Vestas signs order for 1,500 MW with an option for an additional 600 MW
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