15 December 2017 2017 09:15 AM GMT

Vestas Strengthens In India. Wins 250 MW Wind Project: Its Largest Order To Date

 Vestas’ extensive experience from around 4 GW of turnkey projects across the globe has secured the company its largest wind project in India to date. The record order was placed by Ostro Kutch Power Private Limited and awarded through India’s first wind power auction held in February 2017.

The 250 MW turnkey order follows another 100 MW turnkey wind project in India earlier this year, taking Vestas’ order intake in the market to more than 480 MW in 2017. The project will be located in the Kutch district of Gujarat state and includes delivery, installation and commissioning of 125 V110-2.0 MW turbines, as well as the project’s civil and electrical works. The turbines will be serviced by Vestas via a 10-year full-scope Active Output Management 4000 (AOM 4000) service agreement as well as a Vestas Online® Business SCADA solution. Commissioning is expected by the third quarter of 2018.

“We are pleased to announce our partnership with Vestas to execute this prestigious 250 MW auction wind project (SECI-I, ISTS-connected). We are confident that Vestas will deliver a world-class project firmly putting Ostro past the 1 GW capacity milestone,” said Ranjit Gupta, CEO, Ostro Energy Private Limited.

“With another turnkey wind project in India, we underline the broad range of capabilities we offer our Indian customers to be successful in auctions. Our extensive experience from more than 100 turnkey projects across the globe has been key in securing this order, marking a major milestone as our largest project in India since pioneering the country’s wind energy market in 1986,” said Clive Turton, President of Vestas Asia Pacific. The wind park can produce enough power to cover the annual electricity consumption of about 5.7 million urban electricity consumers in India.

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

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

February 5th 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 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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