EDPR & Vestas Sign 1.5-GW Turbine Deal with 600-MW Option

Vestas has won the largest single order ever in the history of the company. The contract, signed with EDP Renováveis (EDPR), calls for the delivery of up to 2,100 MW of turbines. The deal was signed after a competitive process launched more than one year ago in Chicago.

The order, which is a Master Supply Agreement (MSA) for delivery of up to 2,100 MW, consists of an order for supply, installation and commissioning of wind turbines with a total capacity of 1,500 MW to be delivered to North America, South America and Europe in 2011 and 2012 with the possibility to be extended by an additional 600 MW exercisable in 2010 and 2011.

The agreement also includes a two-year service and maintenance agreement extendable to five or ten years, with a subsequent Technical Assistance Agreement for an additional period.

During a demanding competitive process, Vestas was selected among other major wind turbine manufacturers around the world. The differentiating factor has been the company’s ability to provide the best global value to fit EDPR’s short and medium-term strategic business goals, the company said.

“Through this agreement, EDPR contracts from Vestas the wind turbine technology that optimises productivity factors and the total cost of ownership, enabling EDPR to have a competitive edge within the wind developing industry,” said Ana Maria Fernandes, CEO of EDPR. “It has been a long and highly competitive process which today materialises in the signing of this agreement, which will further improve EDPR’s positioning in the industry.”

The MSA, one of the largest global wind turbine orders ever announced worldwide, supports Vestas’ Triple15 targets, i.e. achieving €15 billion in revenues and 15 percent EBIT margin no later than in 2015.

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