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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems    VWS   DK0010268606

VESTAS WIND SYSTEMS

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EDF Renewables and Masdar places 415 MW order in Saudi Arabia

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07/16/2019 | 11:03am EDT

News release from 
Vestas Mediterranean
Madrid, 16 July 2019


A consortium formed by EDF Renewables and Masdar has placed a 415 MW order for the Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia. The project will be the country’s first utility-scale wind park, showcasing the increasing competitiveness of wind energy globally.

The order is an engineering, procurement and construction (EPC) contract for the supply and installation of 99 V150-4.2 MW wind turbines, as well as a 20-year Active Output Management 4000 (AOM 4000) service agreement for the operation and maintenance of the wind park.

The Dumat Al Jandal project was awarded to the consortium by the Renewable Energy Project Development Office (REPDO) in January 2019 by the Saudi Ministry of Energy, Industry and Mineral Resources (MEIM). Once operational, it will produce electricity under a 20-year power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC).

“I would like to thank EDF Renewables and Masdar for the strong collaboration on developing this solution where we have leveraged our extensive experience in pioneering wind markets to win the competitive auction for the country’s first wind park. With our 4 MW platform’s market-leading cost of energy and our expertise throughout the entire wind energy value chain, the project delivers sustainable energy and develops the region’s renewable energy industry”, highlights the president of Vestas Mediterranean, Eduardo Medina.

The order marks the first phase of Saudi Arabia’s plan to install 7 GW of wind capacity within five years, and 16 GW by 2030. As the global wind leader with experience from more than 80 markets, Vestas has a unique position to contribute to the realisation of the country’s renewable energy ambitions, which include the creation of a Hub for wind energy, the installation of new wind projects, the transfer of know-how and the development of local wind energy capabilities.

For updated Vestas photographs and videos, please visit our media images page on:
https://www.vestas.com/en/media/images.

For more information, please contact:
Andrés Domínguez
Communications Consultant
Vestas Mediterranean
Tel.: +34 649294007
E-mail: ANDMS@vestas.com

About Vestas
Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with 90 GW of wind turbines in 77 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 76 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 23,300 employees are bringing the world sustainable energy solutions to power a bright future.

For updated Vestas photographs and videos, please visit our media images page on:
https://www.vestas.com/en/media/images.


We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

 

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