Vestas has received a 63 MW order for a wind park in Italy. The contract includes the supply and installation of 14 V150-4.5 MW wind turbines, as well as a 10-year Active Output Management 5000 (AOM 5000) service agreement.
“This order showcases the suitability of our latest models for the Italian market. We expect to see Vestas’ 4 MW platform continue making a strong contribution to Italy’s energy transition over the coming years”, says Vestas General Manager Italy, Francesco Amati.
Turbine delivery is expected for the first half of 2025 whilst commissioning is planned for the second half of the same year. The order also reinforces Vestas’ leadership in the country’s wind energy sector, “where we have installed over 5.2 GW since 1991”.
This is the second Italian announcement for Vestas in three months: in December it received a 125 MW order for a wind park . The contract includes the supply and installation of ten V136-4.5 MW wind turbines and 19 V136-4.2 MW wind turbines, as well as an Active Output Management 4000 (AOM 4000) agreement.
It was the largest order for a single wind project ever received by Vestas in Italy, scheduled for the first quarter of 2025, while commissioning is expected to take place in the third quarter of 2025.
This week the company also announced it has completed the sale of its 12.5% in Lake Turkana Wind Power Limited (LTWP) in Kenya. The shares have been acquired by the Climate Finance Partnership (CFP), which is managed by BlackRock, after CFP in March 2023 announced its intention to acquire the shares held by Vestas Eastern Africa Ltd. The purchase price remains undisclosed.
With its 310 MW, the LTWP wind farm remains the largest in Africa to date. Vestas has been a shareholder in LTWP since 2014 from development and construction until power generation. The project was connected to the national Kenyan grid in 2018. Today, 365 Vestas turbines create electricity for 1,2 million Kenyan homes which counts for app. 14 percent of the overall electricity demand in Kenya. Vestas will continue to service the turbines, each with a capacity of 850 kilowatts.
In addition to generating power, the LTWP project has ensured that local communities benefit from the project, including in terms of stronger road infrastructure and job creation.
The divestment follows Vestas strategy of developing wind farms without being a long-term owner. The sale is the result of a sales process run by Vestas in cooperation with Finnish Fund for Industrial Cooperation Ltd. (Finnfund) and the Danish Investment Fund for Developing Countries (IFU), who have also sold their respective shares in LTWP to CFP. “The transaction will have negligible impact on Vestas earnings or outlook,” a company spokesman told DecarbonisationNews.com.
About Vestas
Vestas, based in Denmark, is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 177 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 152 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 30,000 employees are bringing the world sustainable energy solutions to power a bright future..
