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Vestas Secures 1.3 GW Record Onshore Order in Brazil

Sao Paulo, Brazil - After signing conditional agreemen at the end of February (2023), Danish wind turbine manufacturer Vestas has now secured two projects in Brazil and signed a firm contract with project developer Casa dos Ventos.

The two wind farms, Serra do Tigre Wind Farm in the state of Rio Grande do Norte and Babilônia Centro in the state of Bahia, will have a record total capacity of 1,300 MW (1.3 GW) when fully installed. This is the largest onshore order to date for Vestas in Latin America and worldwide.

The order includes the supply, installation, operation and maintenance of 168 V150-4.5 MW turbines for the 756 MW Serra do Tigre project and 123 V150-4.5 MW turbines for the 554 MW Babilônia Centro project. Vestas will also sign a 25-year service contract.

Turbine deliveries for the two wind farms are expected to begin in the third quarter of 2024 and commissioning is expected in the first quarter of 2025.

With this order, Vestas has secured an order intake of almost 10,000 MW (10 GW) for the 4 MW platform in Brazil since 2018.

Vestas shares are up slightly by 1.3 percent to a price of €25.47 in the first three days of trading this week (closing price, March 29, 2023, Stuttgart Stock Exchange). Compared with the price at the turn of the year, the shares of the RENIXX Group are thus currently down 7.2 percent. Following the announcement of the order, the share price rose in early trading today (March 30, 2023).

Source: IWR Online, 30 Mar 2023