sPower Makes Wind Turbine Purchase from Vestas

sPower has placed an order with Vestas, in a first-time partnership, for 2 MW and 4 MW compatible turbine components that qualify for 80 percent of the Production Tax Credit ("PTC") and enable 400 MW of future project development.

Vestas is the energy industry's global partner on sustainable energy solutions. They design, manufacture, install and service wind turbines across the globe, and with more than 87 GW of wind turbines in 76 countries, have installed more wind power than anyone else.

"We are looking forward to working with Vestas and adding their wind turbines to our fleet," said Ryan Creamer, CEO of sPower. "These turbines add to our PTC qualified inventory and ensures sPower's continued growth and economic development in the United States."

"sPower has long been a respected energy leader and we are proud to work with them as they leverage their energy expertise into the wind market," said Chris Brown, President of Vestas' sales and service division in the United States and Canada. "These turbines generate millions of dollars in economic benefit and jobs growth, and support a thriving domestic manufacturing industry and supply chain that spans nearly every state."

Over the next three years, wind energy, the #1 source of renewable energy capacity in US, is expected to generate over $85 billion of economic activity in the US, including the expansion of factories, millions of dollars in technology innovation investment and the addition of nearly 50,000 jobs across the wind value chain. In 2016, the wind industry added jobs nine times faster than the overall US economy, and today there are more than 102,000 wind workers in America.