Vestas Receives 60 MW Turbine Order for 2 Projects in Finland

Vestas has bagged an order from OX2 for two wind projects in Western Finland that will be realised on a merchant basis without any direct financial support.

Danish wind energy major, Vestas has announced that it has bagged an order from the Nordic developer OX2 backed by the UK investor Infracapital for the wind projects Kröpuln and Storbacken in Western Finland that will be realised on a merchant basis without any direct financial support.

“This merchant order underlines how a tailored technical solution that leverages our market experience and project expertise enables a highly competitive business case for our long-term customer OX2 and their partners. These wind projects once again confirm wind energy’s increasing competitiveness and offer the lowest cost of energy to the Finish energy consumers”, said Christer Baden Hansen, vice president sales north and west, Vestas Northern & Central Europe.   

The projects have a total capacity of 60 MW, and the turbine firm will deliver its V150-4.2 MW turbines in Power Optimised Mode to maximise power production based on the sites’ specific wind conditions.

The contract includes supply, installation and commissioning of the wind turbines, as well as a 30-year Active Output Management (AOM 5000) service agreement and a VestasOnline Business SCADA solution to lower turbine downtime and optimise the energy output.

The order confirms the strong and long-term collaboration between Vestas and OX2, as the two partners have now announced new wind projects together every consecutive year for the past 13 years.

“Vestas has developed turbines and service structures very well fit for the Nordic unsubsidised market and we are very happy to strengthen the long-standing relationship between OX2 and Vestas with this project”, said Paul Stormoen, CEO, OX2.

Wind turbine delivery is planned to begin in the second quarter of 2021, with commissioning expected in the third quarter of 2021. 

Recently, the Danish firm had entered into an agreement to sell 80 percent of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for a selling price of EUR 136 million.