Bloomberg News

Vestas May Supply 750 Megawatts of Wind Turbines to EDF in U.S.

September 13, 2013

Vestas Wind Systems A/S (VWS) may supply EDF Renewable Energy with as much as 750 megawatts of turbines for U.S. wind farms in 2014 and 2015, the first new deal in the country announced by the company this year.

Vestas won an order for 80 megawatts of turbines from the division of Electricite de France SA (EDF), and agreed to a “master supply” deal that may lead to another 670 megawatts of orders, the Aarhus, Denmark-based company said today in a statement.

The turbine maker last month canceled the planned sale of a U.S. factory and Chief Marketing Officer Morten Albaek said he expected the American market to recover in the second half. On Aug. 22 it said it would supply 400 megawatts to EDP Renovaveis SA’s U.S. sites under an already-agreed 1,500-megawatt deal.

“Vestas’ factories in Colorado will be involved in manufacturing,” the company said. The farms will use 2-megawatt V-100 turbines, it said without identifying the projects.

Vestas last year shipped 1,313 megawatts of turbines in the U.S., more than double its next biggest market of Germany. An expiring U.S. tax credit encouraged developers to rush to finish projects in 2012, leaving a dearth of new work for this year even after the tax credit was unexpectedly renewed on Jan. 1

The Danish turbine producer has now announced 2,876 megawatts of new orders in 2013, leaving it fewer than 900 megawatts short of its 2012 total of 3,738 megawatts.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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