25 August 2017 2017 03:05 PM GMT

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position

Vestas has received an order for the largest wind park in Mexico. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW. Zuma Energía has placed the firm and unconditional order for the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, Mexico, which will be one of the largest wind power projects in Latin America. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW.

Established in 2014, Zuma Energía is a leading Mexican player within renewable energy financially backed by Actis and Mesoamerica, which both have a successful track record of building large renewable energy operations across the Americas and Europe. The order includes supply and installation of the wind turbines as well as a 15-year Active Output Management 5000 (AOM5000) service contract. Delivery of the wind turbines is expected to begin late 2017, with commissioning expected in 2018.

“Mexico is undergoing a historical moment in its energy policy and we are extremely pleased to play an active role in this process. By building Mexico’s largest wind park with Vestas’ turbines we are taking a bold step in the country’s transition towards renewables”, says Adrián Katzew, CEO of Zuma Energía.  “Tamaulipas has a leading position in the country within wind energy and we are proud to be part of this by installing the Reynosa project. The blades for V136-3.45 MW projects in Latin America will be produced in Mexico which underlines our long-term localisation strategy in Mexico and Vestas’ strong commitment to support  Mexico´s renewable target of 35 percent of clean energy by 2024”, says Angélica Ruiz Celis, Vestas’ Managing Director for Mexico and northern Latin America.

Marco Graziano, President of Vestas Mediterranean, comments “During the auction, we mobilised our teams in Mexico City, Madrid and Copenhagen in order to put all of our expertise, market-leading product portfolio and service offerings at Zuma’s disposal. Our ability to do so was key to helping Zuma build a compelling, profitable and sustainable business case, showcasing Vestas’ expertise in auctions”.  Vestas pioneered the Mexican wind energy market back in 1994 when it installed the first commercial wind turbine in the country. With this new order, Vestas has more than 1.5 GW of wind turbines either installed or under construction in Mexico.

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

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 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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