Blackrock places 46MW Vestas order

SWEDEN: Private equity firm Blackrock has ordered Vestas turbines for a 46.2MW project it is developing in Sweden.

Vestas will install its V126 turbines on the project

The manufacturer will install 14 V126-3.3MW turbines on the Brotorp development in Småland in the south of the country.

The project is owned by the Blackrock Renewable Power fund and is being constructed by Swedish developer Arise Windpower.

Vestas expects to deliver the turbines in the third quarter of 2015, with commissioning due in the fourth quarter. The deal includes a 10-year operations and maintenance deal.

This is Blackrock's first wind project in Sweden. The fund bought the Brotorp project from Arise earlier in November.

However, the Swedish firm will manage the construction and operation of the wind farm and will receive asset management revenues for five years after the project has been commissioned.

According to Vestas, it has installed around 1,500 wind turbines in Finland with a combined capacity of approximately 2.4GW.