Project Development, Wind Power

Horizon Wind Energy Announces 400-MW Contract with Suzlon

Horizon Wind Energy, owned by Portuguese utility EDP (Energias de Portugal, S.A.) a renewable energy developer, has signed a contract with Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark for 400 MW of wind turbine capacity.

The contract calls for delivery of 200 MW of turbine capacity in 2008 and another 200 MW of capacity in 2009. 

The agreement calls for the delivery of Suzlon’s S88-2.1 MW wind turbine to various ready-to-build sites in Horizon’s large project pipeline. Ninety-five units are to be supplied in 2008 and ninety-five in 2009.

Suzlon is also contracted for operations, maintenance and service of the wind turbines for two years and an option for five, and will do so by expanding its service territory with new facilities to meet demand.

“The wind power market is becoming less segmented, as it quickly transitions into a truly global business with transactions occurring across continents all the time,” said Andre Horbach, CEO of Suzlon Group based in Amsterdam. “Suzlon’s global structure and vertical integration strategy complement this dynamic shift, so we believe the company is well-structured to help Horizon Wind reach its goals in the U.S.”

Horizon Wind Energy is part of the EDP group of companies, a leader in renewable energy with 2569 MW (gross) of renewable power capacity.