Vestas receives 69 MW wind energy order for the Jädraås wind farm in Sweden

On 6 October 2011, Vestas announced the first order for the wind energy project consisting of 43 V112-3.0 MW wind turbines with a total capacity of 129 MW together with a conditional 69 MW, which is announced firm and unconditional as of today.

Delivery of all 66 wind turbines for the Jädraås wind farm is scheduled to be completed in the very beginning of 2013. The contract includes supply, installation, commissioning of the wind turbines and a 15-year full scope Active Output Management agreement with a production-based availability warranty.

The V112-3.0 MW wind turbine was released for sale in August 2010. It is designed for low and medium wind speeds. Jädraås will be the first major Swedish power plant with V112-3.0 MW turbines.

When finally completed, the wind power plant in Jädraås is assessed to become Northern Europe’s largest, with an estimated yearly production of 570 GWh of renewable energy.

Vestas Northern Europe is one of seven Sales Business Units in the Vestas Group. The company manages all sales, construction and service operations for onshore wind turbines in the countries of Sweden, Denmark, Norway, Finland, the Baltic States, Poland, Ireland and the United Kingdom. As of 30 June 2011, Vestas Northern Europe has delivered a cumulative capacity of 6,545 MW, representing 14 per cent of Vestas’ global onshore capacity.

Arise Windpower is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have about 700 MW (equivalent to about 300 wind turbines) in operation or under construction by 2014. Arise Windpower is listed on NASDAQ OMX Stockholm.

Platina Partners LLP is an independent investment company with equity under management of approx EUR 500m. Platina pursues investment opportunities across two investment disciplines where the team’s senior operating capability and network give them a clear competitive edge: Renewable Energy Infrastructure across Europe; and Lower mid-market buy-outs (<GBP 50m EV) with a focus on special situations and turnaround opportunities.

The V112-3.0 MW was released for sales in August 2010. It is based on proven technology and Vestas’ more than 30 years of experience within manufacturing wind turbines. The V112-3.0 MW is designed for low and medium wind speeds. 80 per cent of a V112-3.0 MW turbine can be recycled, and after approx eight months, the wind turbine is energy-neutral, which means that it will contribute to reducing carbon emissions for more than 19 years. During its lifetime, the V112-3.0 MW wind turbine only emits 7 grams of CO2 per kWh, deriving from production and installation of the turbine.