Huge Order for Vestas in Australia

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Danish turbine manufacturer Vestas secures 227 MW merchant project

Official Press Release Vestas:

Vestas solution secures 227 MW merchant project in Australia

Wind Industry Profile of
Vestas solution secures 227 MW merchant project in Australia

Vestas has successfully secured an engineering, procurement and construction contract for the 227 MW Collector Wind farm, to be developed by RATCH-Australia Corporation.

The contract includes the supply of Vestas’ 4 MW platform turbines and a long-term, full scope service agreement with an energy-based availability guarantee. This site-specific solution has been designed to maximise annual energy production and provide RATCH-Australia with long-term business case certainty for the project. The Australian government-owned Clean Energy Finance Corporation (CEFC) is injecting AUD 180 million into Collector Wind Farm as sole debt financier. CEFC will finance the project on a merchant basis, meaning it is assuming market risk on the project’s revenue rather... ... More: Official Press Release Vestas

Vestas, turbine, manufacturer, Australia, contract, installation, financing

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