VWS Vestas Wind Systems A/S

Vestas secures order for two merchant repowering projects in Italy

Vestas secures order for two merchant repowering projects in Italy

News release from Vestas Mediterranean

Madrid, 30 September 2019

E2i Energie Speciali has placed a 43 MW order for two merchant repowering projects in the province of Chieti, Italy. By applying market experience and operational data from two existing wind farms, Vestas and E2i have been able to create a custom repowering solution that doubles the wind farms’  combined energy production, reduces the number of turbines by 70 per cent, and – most notably – allows the operation of the two wind farms on a purely merchant basis and without any direct financial support.

For the Roccaspinalveti wind park, 24 V47-660 kW wind turbines will be replaced by nine V112-3.3 MW turbines, while the Castiglione Messer Marino will include four V112-3.3 MW wind turbines to replace third-party turbines.

The order comes shortly after Vestas has finalised two other repowering projects, the Castiglione Messer Marino and the Schiavi d’Abruzzo wind parks, for E2i in Italy, demonstrating Vestas’ ability to create a strong business case in replacing older turbines with newer and more efficient variants.

Alberto Musso, Chief Operating Officer of E2i, points out that “One of the main pillars in the E2i guideline for growth is the renewal of existing power plants through reconstruction projects.  In these two projects, the reconstruction will entail reducing by 70 per cent the number of wind turbines and doubling the energy production. Our projects benefit from the experience gained through the existing E2i power plants, which have been operating for nearly 20 years. This will help us mitigate energy production uncertainties. Vestas technology will allow us to better harness wind resources with larger rotors and modern wind turbines. We are thankful to Vestas’ team for its competence and open attitude to face new challenges in a mountainous terrain with a complex plant configuration”.

Turbine delivery is expected to begin in the second quarter of 2020 while commissioning is planned for the fourth quarter of 2020.

“We feel proud and honoured to work with E2i Energie Speciali on such challenging and  exciting projects. This order underlines Vestas’ capacity to build a highly competitive business case for customers who operate in the merchant energy market. As Vestas’ second merchant order in Italy, it also confirms wind energy’s competitiveness and its increasing role in the country’s energy matrix”, says Rainer Karan, Vestas Vice President of Sales for Southern Europe and Turkey.  

Since installing its first turbine in Italy in 1991, Vestas has led the country’s wind industry with more than 4 GW capacity installed, being the main contributor to the expansion of wind energy with a 40 percent market share.

For more information, please contact:

Andrés Domínguez Sahagún

Communications Specialist

Vestas Mediterranean

Tel.: 7

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 105 GW of wind turbines in 80 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 86 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 24,500 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:

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

  •  



 

Attachment

EN
30/09/2019

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