Author: Arnes Biogradlija

Vestas has received 8 MW order from Portuguese renewable energy producer, Finerge, for the extension of three wind parks across Portugal. pThe order includes the supply and installation of two V120-2.2 MW wind turbines and one V136-3.6 MW wind turbine and a 20-year Active Output Management 4000 (AOM 4000) service agreement. Located in mountainous areas, the four wind projects would benefit from Vestas’ experience in logistics and installations under even the most demanding conditions. “We are excited to partner with Finerge on these four projects that showcase the versatility of our portfolio. The reliability and competitiveness of our 2MW and 4MW…

VSUN has signed a $300 million investment agreement with Hoà Phú Industrial Zone in Bắc Giang, to build a 42 acre PV industrial park that will have a 4GW production capacity. The VSUN PV industrial park benefits from the strong political climate and industrial union resources of the zone. It’s close to Hanoi, the capital of Vietnam, and about 20 minutes’ drive from Hanoi airport. The VSUN PV industrial park will be built from 2021 to 2022. After completion, the annual capacity value is expected to reach $1.5 billion, attracting partners from the entire manufacturing chain, creating more than 2000 job opportunities and contributing effectively to local economic development. Phase I construction covers an area of 90000 square meters for 2GW high-efficiency solar cells. Construction Phase II covers an area of 77109 square…

Vestas has obtained a 95 MW order from European Energy, in collaboration with Eólica Tecnologia, for the Ouro Branco and Quatro Ventos wind projects in the state of Pernambuco, Brazil. The order consists of 21 V150-4.2 MW turbines delivered in 4.5 MW Power Optimized Mode with 120 meter towers and a 10-year Active Output Management 5000 (AOM5000) service contract to maximize energy generation for the lifetime of the project. “European Energy is a valued customer to Vestas globally and we look forward to building upon our existing partnership in Brazil. Both projects will feature our most recent 4 MW platform technology, ensuring…

Aquila European Renewables Income Fund, a wholly owned subsidiary of Tesseract Holdings Limited (THL), has entered into a Share Sale and Purchase Agreement (SPA) to acquire 89 percent of Desfina, an operating wind farm in Greece for an undisclosed sum. Upon completion of the acquisitions of Albeniz and Desfina, Aquila would have committed approximately €88 million of the recent €127.5 million earned in October. Closing under the SPA is scheduled to take place shortly. Desfina is an onshore wind operation consisting of two wind farms with an aggregate capacity of approximately 40 MW. The project is sponsored by an attractive, 20-year, 100…

Innergex Renewable Energy has closed its construction funding and tax equity contribution to its Griffin Trail project, a 225 MW wind farm located in Knox and Baylor Counties, in northwest Texas. The $276.2 million in funding was provided by Sumitomo Mitsui Banking Corporation, acting as Coordinating Lead Arranger, and CIBC, acting as Joint Lead Arranger, with a $171.4 million tax-equity contribution from Wells Fargo to be made available on the date of commercial service. “It was only a few months ago, when the U.S. Production Tax Credits deadlines were extended, that we knew we were in a strong position to bring…

SwifterwinT op Land has placed a 207 MW order for their repowering project Windplanblauw Onshore. The wind park currently consists of 46 turbines of various turbine variants and brands which will be replaced by 37 new and more efficient turbine variants from the EnVentus platform. Demonstrating the large potential in replacing older turbines with innovative technology, Vestas has developed a customized solution that comprises 37 V162-5.6 MW turbines with both 136.5m and 168m hub heights and a 25-year service and availability contract, capable of maximizing the annual energy production while meeting local restrictions. The order is adding to Vestas’ installed…

ENERCON has now installed more than two gigawatts of power in Turkey with the completion of the Metafor project in the province of Bingöl. Turkey is one of the core markets ENERCON is focussing on as part of its reorientation. ENERCON has installed almost 1,000 wind energy converters in Turkey since 1998. As a result, it is one of the biggest renewables companies in Turkey. “We are very proud of the motivation and dedication shown by the whole ENERCON team. Despite the pandemic, the team has managed to install more than 100 wind energy converters in 2020. This would not…

GE Renewable Energy has secured a 27.2 MW contract to supply 8 units of GE’s 3 MW-137 wind turbines to support construction of the Phuoc Minh Wind Farm, located in Ninh Thuan, in the South Central Region of Vietnam. A consortium of PowerChina Huadong Engineering Corporation, Henste Engineering and IPC Group will provide full Engineering, Procurement and Construction services for the project. The 3 MW turbine platform offers more flexibility across wind regimes. GE’s 3 MW onshore wind turbine platform is adaptable to a full spectrum of wind regimes. The wind farm is expected to contribute in excess of 100…

Vestas has received a 210 MW order of V150-4.2 MW turbines for a wind project in the USA. The order involves the supply and commissioning of turbines as well as a 10-year AOM 5000 service agreement designed to ensure optimized efficiency for the lifetime of the project. Delivery and commissioning of turbines is planned for the first quarter of 2022. The customer and project are undisclosed per the customer’s request.

ORIX has entered into an agreement to invest in Elawan Energy, a multinational renewable energy corporation headquartered in Madrid, Spain, committed to the production and ownership of wind and solar PV power plants. ORIX will hold an 80 percent interest in Elawan through its wholly owned subsidiary, ORIX Corporation Europe. The founders of Elawan, Acek Renewables and CEO Dionisio Fernandez will continue to hold a 20 percent stake in the company. The deal is scheduled to close in the second quarter of 2021, subject to the receipt of regulatory approvals and the fulfillment of customary closing conditions. Elawan has a…