The agreement also includes a two-year service and maintenance agreement extendable to five or ten years, with subsequent Technical Assistance Agreement for an additional period.
This MSA agreement, one of the largest global wind turbines orders ever announced worldwide, sends a positive sign of renewed growth to the entire wind energy industry.
Through a strict competitive process, EDPR selected Vestas among other major wind turbine manufacturer companies around the world as the player that provided the best value fit to EDPR’s short and medium-term strategic business goals.
Ana Maria Fernandes, CEO of EDPR: “Through this agreement, EDPR contracts from Vestas the wind turbine technology that optimises productivity factors of our pipeline and the total cost of ownership, enabling EDPR to have a competitive edge within the wind developing industry.”
“It has been a long and highly competitive process which today materialises in the signing of this agreement which will further improve EDPR’s positioning in the industry”, Ana Maria Fernandes added.
Juan Araluce, President of Vestas Mediterranean, expresses: “We are very pleased to sign this important agreement with EDPR, who is a global key player in the wind energy industry, with whom at the end of 2009, Vestas had installed a total capacity of approximately 2,500 MW worldwide representing around 40 per cent of EDPR’s total global wind capacity.”
He emphasises: “Our continuous focus on top performance and reduction of cost of energy together with our flexibility in deliveries and our worldwide footprint allow us to provide business case certainty and long-term visibility to global customers, such as EDPR, and to our business.”
EDP Renewables (Euronext: EDPR), headquartered in Madrid, Spain, is a global leader in the renewable energy sector that designs, develops, manages and operates power plants that generate electricity using renewable energy sources.
With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years. Energias de Portugal, S.A. ("EDP"), the majority shareholder of EDPR, is a vertically-integrated utility company, headquartered in Lisbon, Portugal. Through its various constituent businesses, EDP has significant electricity and gas operations in Europe, Brazil and the United States.