Wind turbine orders in the Americas and Asia-Pacific buoy Vestas in Q1

Large orders in USA, Brazil, Argentina and Taiwan, offset apparent relative weakness in European demand

Vestas’s largest turbine order in the Americas in Q1 was for 33 of its V162-6.2MW turbines and one V136-3.45MW turbine
Vestas’s largest turbine order in the Americas in Q1 was for 33 of its V162-6.2MW turbines and one V136-3.45MW turbine

Having publicised no turbine orders in January and February, Vestas reported 24 turbine purchase agreements (TPAs) in March. Together, they comprised 2.18GW-worth of orders. Its full-year 2021 order intake had been 13.9GW.

In volume terms, just over a third (755MW) of the TPAs disclosed by Vestas in March related to projects in the Americas.

The largest of those was a 201MW order, for 33 V162-6.2 MW turbines in 6MW mode and one V136-3.45 MW turbine for an undisclosed US project. It also received a 171MW order from Cordelio Power, for 38 V150-4.5 MW turbines for the 171MW Moraine Sands Moraine Sands (171MW) OnshoreIllinois, USA, North America Click to see full details project in Illinois.

Vestas also agreed to supply 43 V150-4.5 MW turbines, to an undisclosed Brazilian project. 

And in Argentina, it agreed to supply 24 V150-4.2 MW turbines in 4.3MW mode, to Tenaris’ 103MW Buena Ventura Buena Ventura (103MW) OnshoreAdolfo Gonzales Chaves, Buenos Aires Province, Argentina, Central & South America Click to see full details wind farm. It also reported an 86MW order from Petroquímica Comodoro Rivadavia, for the Mataco III and Vivoratá projects. Together, they will comprise 19 V150-4.5 MW turbines.

Taiwanese offshore orders

The Asia-Pacific region also provided much support to Vestas, with orders reported in March totalling 871MW.

Of note were a pair of 295MW orders for offshore projects in the Taiwan Strait: CSC’s and CIP’s 295MW Zhong Neng I Zhong Neng I (295MW) Offshoreoff Changhua, Taiwan, Asia-Pacific Click to see full details and the second phase of Taiwan Power Company’s development. They will each comprise 31 V174-9.5 MW turbines. 

TPAs were also reported from India (105MW), Vietnam (100MW) and Australia (76MW) in March.

Orders across Europe

European demand appeared to be relatively lacklustre, with Vestas reporting orders totalling 553MW in March. They comprised a number of sub-100MW orders for projects in Italy, France, Portugal, Sweden, the UK, Finland, Greece and Estonia. 

The manufacturer had earlier warned of its intention to make job cuts, due to expected low volumes in some markets over the next two years.

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