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IVPC with big new order and new foreign partner
1 April 2000
Wind developer Italian Vento Power Corporation (IVPC) has placed another big order and clinched an international partner for a second development company under the IVPC name, to be known as IVPC 4. Last month IVPC 4 ordered 280 MW of Vestas wind turbines for construction of more wind farms in the Apennines, north east of Naples, as well as for a 30 MW project on Sardinia, to be built in summer 2001. IVPC's Brian Caffyn says all machines should be up and running by spring 2002, bringing the combined operating capacity of the two IVPC companies to 450 MW. The capacity will be made up of 172 MW of 600 kW machines from Vestas and Italian Wind Technology (IWT), which are now up and running, and another 278 MW to be developed by IVPC 4. So far IVPC 4 operates just 2.4 MW of the 172 MW now running. IWT is a 50/50 joint venture between Vestas and Wind Energy Systems Taranto (WEST). Of the 280 MW of power purchase contracts to be filled by the recent order, 223 MW were acquired from Italian WEST at the time of the joint venture deal (Windpower Monthly, July 1998). The remaining 60 MW were transferred to IVPC 4 from IVPC. IWT will build the 400 turbines which make up the order, worth ITL 469 billion (EUR 242 million), in its Taranto factory. IVPC's Japanese partner, Tomen Power Corporation, is not a partner in IVPC 4. Instead another "big player in the power industry" has stepped in, says Caffyn. The new partner is not from Italy. IVPC, owned 50% by Tomen, was founded by Caffyn, formerly of Cannon Power Corp of California, and his partner, Italian lawyer Oreste Vigorito.
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