27 November 2017 2017 11:15 AM GMT

Vestas, Fortum Lead Expansion Of Wind Energy In Huge Russian Electricity Market

Following the success of Vestas and OOO Fortum Energy in Russia’s first wind energy auction, the two companies have signed the first order of a binding framework agreement. The framework agreement engages Vestas to supply its 4 MW platform for wind energy projects in the world’s fourth-largest electricity market, while the order includes 14 V126-3.6 MW turbines for a 50 MW project at an undisclosed site.

With the agreement, Vestas and OOO Fortum Energy will together lead the expansion of wind energy in Russia and work with local partners to establish a strong local manufacturing and supply chain capacity. This includes setting up a blade factory in the region of Ulyanovsk, as well as a nacelles assembly plant in Nizhny Novgorod region, and a towers factory in the Rostov region.

To build up and establish high standards for the relatively young Russian renewables sector, Vestas will provide its experience across the entire wind energy value chain. Among other things, this includes assistance with project siting for all wind power plants, Vestas’ market-leading products and service solutions, the establishment of local manufacturing footprint, supply chain localisation and optimisation, and turbine installation.

“As the global leader in wind energy, it is an expression of our commitment to Russia that Vestas, together with Fortum Energy, takes a strong role in helping the world’s fourth largest electricity market towards a more sustainable energy mix. Vestas will deliver its most advanced technology through our 4 MW platform as well as market-leading cost of energy and local manufacturing and supply-chain expertise that will provide affordable, sustainable energy and create long-term jobs across different Russian regions,” states Nils de Baar, President of Vestas Central Europe.

Vestas designs, manufactures, installs, and services wind turbines across the globe, and with 87 GW of wind turbines in 76 countries, it has installed more wind power than anyone else. Through its industry-leading smart data capabilities and more than 73 GW of wind turbines under service, it uses data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Vestas has more than 22,700 employees worldwide.

Image: Courtesy of Vestas Wind Systems A/S

January 19th 2018
Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

January 22nd 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 

January 5th 2018
Nordex Benefiting Increasingly From Renaissance Of Spanish Wind Energy Market

The Nordex Group is benefiting increasingly from the renaissance of the Spanish wind power market: utility Gas Natural Fenosa Renovables (GNFR) has now ordered 58 AW132/3300 from the company in December. The contract covers the installation of six wind farms as well as multi-year services for the turbines. Construction of the first turbines will commence in the summer of 2018 and all the projects are located in regions of Spain where the Nordex Group has manufacturing facilities. In addition, the towers will be produced locally using the process developed by the company.


 

   

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