Vestas has Secured a 168 MW Wind Park Order in Mexico

Vestas has won a 168 MW order for a wind park in Mexico, the order derives from a corporate PPA and includes the supply and installation of 42 wind turbines

Vestas has secured a 168 MW order for a wind park in Mexico. The order derives from a corporate power purchase agreement (PPA) and includes the supply and installation of 42 wind turbines of the 4 MW platform with V150 rotors. The order also includes an Active Output Management 5000 (AOM 5000) service agreement for the operation and maintenance of the wind park over the next five years.

The 73-metre long blades of the Vestas 150m rotors will be locally manufactured in the TPI Composites factory in Matamoros, which provides Vestas with blades for the increasing number of V136 and V150 orders that the company is receiving in Mexico and Latin America. The turbine towers will also be produced by local suppliers.

“This order showcases how Vestas’ technology can meet the increasing demand of private Mexican companies for clean, reliable and competitive energy”, said Agustín Sánchez-Tembleque, general manager of Vestas México.

The company first entered the Mexican wind energy market when it installed the first commercial wind turbine in 1994. Since then, it has accumulated over 2,3 GW of installed capacity or under construction in the country.

In August, Vestas had revealed that revenue and earnings decreased compared to last year’s second quarter while free cash flow improved. Highest ever quarterly order intake and combined order backlog at an all-time high level.

In the second quarter of 2019, the company generated revenue of EUR 2,121 million – a decrease of

6 percent compared to the year-earlier period. EBIT before special items decreased by EUR 131 million to EUR 128 million. The intake of firm and unconditional wind turbine orders amounted to 5,696 MW in the second quarter of 2019.

The value of the wind turbine order backlog amounted to EUR 15.9 billion as of 30 June 2019. In addition to the wind turbine order backlog, Vestas had service agreements with expected contractual future revenue of EUR 15.6 billion at the end of June 2019.