15 June 2017 2017 03:29 PM GMT

Vestas Strides Onwards, Winning 90 MW Order For The Largest Wind Park In Greece

Vestas has received a firm and unconditional order to supply and install 25 units of V136-3.45 MW turbines delivered in 3.6 MW Power Optimised Mode. The turbines will be installed at the Kassidiaris wind park complex in the region of Epirus in northwestern Greece.

“Vestas has shown a great understanding of the project’s specific requirements and provided their latest technology, solutions and wind expertise to achieve the best returns. By using the V136-3.45 MW in its 3.6 MW Power Optimised Mode, the project will exceed the initial target for performance and benefits”, says Dr A. Fragoulis, Technical Director of Eltech Anemos S.A.

The contract comprises supply and installation of the wind turbines as well as a 20-year Active Output Management 4000 (AOM4000) service agreement to optimise energy output at all times. Delivery of the wind turbines is expected to begin in the first quarter of 2018.

“Building the largest wind park in Greece underlines Vestas’ market-leading position and we are pleased to partner with Eltech Anemos S.A. once again for another landmark project. By introducing the V136-3.45 MW to the Greek market in 3.6 Power Optimised Mode, we are also raising the bar for energy output in the market and I am confident the Kassidiaris project will strengthen our partnership even further”, says President of Vestas Mediterranean Marco Graziano. In 2015, Vestas signed the 40 MW Lyrkio project with Eltech Anemos S.A. and has in total installed around 1.3 GW of wind turbines in Greece.

Vestas designs, manufactures, installs, and services wind turbines across the globe, and with more than 83 GW of wind turbines in 75 countries, it has installed more wind power than anyone else. Through its industry-leading smart data capabilities and unparalleled more than 73 GW of wind turbines under service, it uses data to interpret, forecast, and exploit wind resources to deliver best-in-class wind power solutions. Vestas’ has more than 22,000 employees worldwide.

Image: Courtesy of Vestas Wind Systems A/S

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.

February 5th 2018
Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

ICONIQ Motors, a China-based EV company, has reached agreement to test its autonomous driving concept at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models is a futuristic vehicle, built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology; and is set to hit the market in 2019. “Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Madsar. “It is the ideal location to test innovative autonomous driving concepts.”

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%. 


 

   

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