News Release from Vestas


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Vestas receives 50 MW order in Uruguay for Fingano S.A.’s first wind power plant

Fingano S.A has signed an agreement with Vestas for its first wind power plant in Uruguay. Delivery of the 17 V112-3.0 MW will start in the second quarter of 2014.

Vestas has received an order from Fingano S.A. for the Carape I wind power plant, which will be installed in Maldonado, Uruguay. The turbines are scheduled for delivery in the second quarter of 2014, and the wind power plant is expected to be commissioned in the third quarter of 2014. Once installed, the wind power plant will have an estimated annual production of more than 242,000 MWh, generating green electricity for 220,000 people in Uruguay.

Fingano S.A. is a Uruguayan company co-owned by Corporación America, San José, and Contreras. Corporación América is an Argentinian holding operating in the infrastructure, agroindustry, services, technology and energy sectors; San José is a listed and diversified business Group, carrying out its activity in several countries in Europe, America and Africa in construction, real estate, energy and environment, concessions and service. Contreras operates in engineering and construction business with a strong local position in Latin American countries such as Brazil, Bolivia, Chile and Uruguay.

The contract for the Carape I wind power plant comprises delivery, installation and commissioning of the turbines, a VestasOnline® Business SCADA system as well as a 17-year Active Management Output (AOM) 4000 service agreement which guarantees turbine availability. This service option includes the VestasOnline® surveillance system to remotely control and monitor the turbines as well as predict potential maintenance issues. This allows Vestas to plan maintenance so the turbines are operational for the maximum amount of time.

We are happy to start our wind energy journey by partnering with the global market and technology leader. Our choice was directed towards reliable technology and a solid partner able to support us in all project’s phases. The combination of the V112-3.0 MW turbine and Vestas represented the ideal solution,” says Engineer Carlos Daniel Bautista, Executive Director of Fingano S.A, who concludes “we trust this is the beginning of a sustainable, solid and long-term partnership.

This order from Fingano S.A. contributes to strengthening Vestas’ position on the Uruguayan market where Vestas installed 80 per cent of the capacity in 2012. In 2013, we have signed orders totalling 130 MW supporting our strategy placing a solid footprint on this important market and it is a pleasure for us to announce another V112-3.0 MW order in the country,” states Miguel Picardo Troyano, VP Vestas South America (exc. Brazil), who continues, ”We look forward to working in a close partnership with Fingano S.A. and continuing to develop the excellent wind resources in Uruguay.”

As of 30 June 2013, Vestas has delivered 654 units of V112-3.0 MW turbines worldwide representing a total capacity of 1,961 MW, and it has received more than 4.5 GW of firm orders for this model.


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