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Vestas Awarded Its Largest 2015 Order In China

Vestas has been awarded a 200 MW order for two projects in China, the company’s largest order in China for 2015.

The Danish wind energy giant, Vestas Wind Systems A/S, announced on Friday that it had secured a 200 MW order for 75 of its V110-2.0 MW turbines and 25 of its V100-2.0 MW turbines for two separate projects, the Azuoqi 1A and Azuoqi 1B projects in Inner Mongolia Autonomous Region.

Vestas will deliver and commission the projects, expected in 2016, as well as provide a 2-year Active Output Management 4000 service contract, as well as SCADA VestasOnline Business “for data-driven monitoring and preventive maintenance.”

The order was placed by China’s Hanas Group, and builds on the existing 600 MW of turbines that Hanas Group has already purchased from Vestas since 2011. This new project comes in the wake of a cooperation agreement signed in October 2015 between the two companies, “reiterating their common goal to reinforce mutually beneficial collaboration in the years to come.”

“We have been impressed by the performance of Vestas’ products and its global technological leadership in the industry”, said Ma Fuqiang, President of Hanas Group.

“We are proud to have a close partner like Hanas, which from the formation of their wind energy businesses has focused on the levelised cost of energy and world-class operations and maintenance practices for the turbines’ entire lifecycle, and we are pleased to see that more and more developers in China are following suit,” said Chris Beaufait, President of Vestas Asia Pacific and China. “At Vestas, we will continue to create value for our customers by bringing the latest technologies to the market with competitive lifetime cost of energy, enhanced by our unparalleled experience, know-how and services in operations and maintenance”.

This latest contract also represents the success of Vestas’ 2 MW platform in China, which continues to be a dominant renewable energy growth technology in-country.

Vestas can look back over 2015 with pleasure, so far, and its latest Q3 earnings report is evidence of a strong year, with increased earnings, revenue, enough to allow the company to increase its full-year guidance. Vestas took in 1,508 MW of turbine orders in the third quarter, and now expects 2015 total revenue to be between 8 billion and €8.5 billion, up from its previous guidance of €7.5 billion.

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