VWS Vestas Wind Systems A/S

Vestas secures 108 MW order for its first ever Bolivian project

Vestas secures 108 MW order for its first ever Bolivian project

News release from Vestas Mediterranean

Madrid, 30 June 2018

Vestas expands its global presence further and enters Bolivia with a 108 MW order for the three wind parks, San Julián, Warnes, and El Dorado, all located in the municipalities of Cocota, Warnes and Cabezas in Santa Cruz, central Bolivia. Upon completion, the three wind parks have a capacity of 40 MW, 14 MW and 54 MW respectively and will make up the Santa Cruz wind project and have a total capacity of 108 MW, which is four times the country’s total currently installed wind capacity.

Because of its large scale, the Santa Cruz wind project will significantly accelerate Bolivia’s journey towards phasing out fossil fuels and support the country’s ambitious climate goals, aiming at having 74 percent of its electricity come from renewables by 2025.

The order is placed by ENDE (Electricity National Company), a Bolivian state-owned company managing electric energy generation, transmission, and distribution in the country. Additionally, the project is supported financially by the development cooperation, Danida, which is Denmark’s development cooperation under Denmark’s Ministry of Foreign Affairs, dedicated to fight poverty through economic growth and promotion of human rights.

“The execution of this project together with an experienced partner like Vestas responds to the government’s aim to implement a more sustainable, clean and environmentally committed energy mix in the country. As of today, only thermoelectric energy is generated in the Santa Cruz department, so these three wind farms implementation will be transcendental to reduce CO2 emissions and to improve the environmental quality” says Engineer Rafael Alarcon, Minister of Energy, from ENDE.

“Vestas has pioneered more than 30 markets across the globe, and we are pleased to once again make our versatile and sound expertise in wind available to customers in a new market – this time Bolivia. With more than 4 GW installed in Latin America, Vestas plays a key role in supporting the continent’s green transition, and we will continue to work hard in order to deliver clean, competitive, and sustainable energy solutions to our customers in the future”, says Enric Català, Senior Director Sales LATAM, Vestas.

The order includes site construction supervision and a MV Collector system as well as supply and installation of 30 V136-3.45 MW delivered in 3.6 MW Power Optimised Mode. Turbine delivery is expected for 2019, while commissioning and take over is planned for the next year.



For more information, please contact:


Irene Rodríguez Álvarez

Head of Marketing & Communications

Vestas Mediterranean

Tel.: 3

Email:



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 92 GW of wind turbines in 79 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 78 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 23,900 employees are bringing the world sustainable energy solutions to power a bright future.

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

 

Attachment

EN
30/06/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Vestas Wind Systems A/S

Vestas Wind Systems AS: 1 director

A director at Vestas Wind Systems AS sold 142,819 shares at 176.620DKK and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

Vestas Wind Systems A/S: Update on key credit considerations

Our credit view of this issuer reflects its solid liquidity profile and a conservative financial policy, offset by its logistical challenges.

Vestas Wind Systems A/S: Key facts and statistics - LTM March 2024

A summary company profile, detailing Vestas Wind Systems A/S’ business operations and financial highlights.

Vestas Wind Systems A/S: Update following rating affirmation

Our credit view of this issuer reflects its solid liquidity profile and a conservative financial policy, constrained by its input cost inflation.

Vestas Wind Systems A/S: Gradual improvement of op. performance in Q2 ...

We take comfort from a gradual improvement in Vestas' operating perfomance during Q2 2023 and expect a return to solid profitability during 2024.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch