Danish wind energy juggernaut Vestas Wind Systems has announced it will be providing 149 wind turbines to the Kingfisher Wind project in Oklahoma, which is expected to begin operation in 2016.
First Reserve, the world’s largest private equity and infrastructure investment firm exclusively dealing with energy, has agreed to acquire the project from Apex Clean Energy, who will remain on as construction and asset managers during facility operation.
“We are excited to secure our first agreement with First Reserve for the Kingfisher project,” says Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “Driven by high reliability and steadily decreasing cost of energy, wind offers an attractive investment opportunity. The participation by a diversified energy investor such as First Reserve is a sign that our industry is mature and evolving.”
The Kingfisher Wind project, upon completion, is expected to be one of the two largest single-phase wind projects in Oklahoma, a state that boasts strong and consistent winds — a prime stage for developing strong energy resources.
“First Reserve is pleased to be making one of the initial investments in its second energy infrastructure fund,” said Mark Florian, Managing Director and Head of Infrastructure Funds for First Reserve. “Kingfisher Wind represents the opportunity to diversify the portfolio of our energy infrastructure program with experienced and reliable counterparties such as Vestas.”
Vestas Wind finished 2014 off with a total of 5,703 MW of orders taken, including two new orders within the last week of the year. And it has kept going strong as well, with a 36 MW order in Poland, and a vague confirmation of six planned wind power plants in Norway.
The company has delivered wind energy across 73 countries, totaling upwards of 64 GW of cumulative installed capacity — 52% more than its nearest competitor.
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