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China

Vestas wins 49MW order with Guangdong

CHINA: Vestas has won a 49.4MW contract with Guangdong Yueneng Wind Energy, using Vestas V90-1.8/2.0MW turbines.

Vestas V90 1.8MW turbine is used to the project
Vestas V90 1.8MW turbine is used to the project

The 25 turbines are expected to be installed in the southern-most tip of Chinese mainland, in Guangdong Province (Dengloujiao) during the third quarter of 2012. The project is funded by the European Investment Bank

The Dengloujiao order includes the supply of wind turbines, installation supervision and commissioning, a Vestas Scada system and a two-year service and maintenance agreement. Delivery is scheduled to take place in the third quarter of 2012.

Under the political directions set by the Chinese government, Chinese banks are lending less money. Obtaining financing from outside China provides an alternative source of funding.

However, international banking institutions have strict standards for evaluating wind turbines and the overall level of predictability on the return on investment of wind power projects. Thus, turbine manufacturers with good international reputation are preferred along with wind turbines that have international certification.

"Vestas’ 30 years of industry experience and its certified turbines have given Guangdong Yueneng an obvious choice," said Vestas China President Jens Tommerup.

The V90 has previously been selected for several other projects along China’s south-eastern coastline, including Gaopai on Hainan Island and Qiulu in Fujian. As such, the V90 is a well-recognised turbine model by developers in the region.

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