Denmark's Global Wind Power (GWP) has secured turbines for most of its projects in Germany this year, ordering 51 Vestas machines with a combined rated capacity of 102.75 MW. It also has an option for a further 20, 2 MW turbines if and when Vestas can deliver. Strong demand from the US means new turbines are in short supply all over the world. The 50, Vestas 2 MW machines and single 2.75 MW model on order will be used across nine wind projects in the east German states of Brandenburg and Saxony Anhalt, the largest of which is planned for 11 turbines. "In the past, securing a project site and financing was paramount, but with the delivery period now at ten to twelve months and getting longer it's important to first secure the turbines and then co-ordinate the projects," says Henrik Amby, founder and owner of GWP. Established in 2000, the company buys projects from German wind developers and co-operates with Vestas in taking them to completion. Stakes in the projects are sold to Danish investors, mainly private individuals, but these days institutional investors are also showing greater interest in GWP projects, says Amby. He anticipates that as turbines and projects get larger, future business may be split between commercial and private investors. Since 2002, GWP has structured and financed 180 MW of German projects worth around EUR 245 million.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol