Saturday, February 27, 2016

Norway Buys Wind Turbines from Vestas total 1 GW

Subtitle: Wind Business Is Booming In Norway

"23 February 2016, Vestas has received a firm and unconditional order for 278 wind turbines totaling 1001 MW, from Fosen Vind DA in Norway. The 1 GW order . . .  includes 248 units of Vestas’ V117-3.45 MW and 30 units V112-3.45 MW turbines, all with power optimised mode to 3.6 MW. . . .  The contract includes supply, installation and commissioning of the wind turbines as well as a two-year customised, full-scope service agreement, followed by a 20-year service and support agreement. Delivery of the first turbines is planned to take place in second quarter of 2018, with commissioning of the last wind power plant expected in fourth quarter of 2020."  -- see link to Vestas announcement

These wind turbines are the HAWT, horizontal axis wind turbines with three blades each.  The blades' swept diameter is 117 meters for the V117 and is 112 meters for the V112 units (383 feet and 367 feet).

Transaction price is not stated, but is likely $1 to $1.5 billion.  

Norway's annual average wind turbine capacity factor is reported as approximately 31 percent, therefore these turbines can be expected to produce 310 MW, combined, on average.  

It remains to be seen how much time will pass before Norway installs load-following sub-sea energy storage systems such as those proposed by MIT.  Total output is reduced by approximately 20 percent, but power is produced when it is needed.  

Roger E. Sowell, Esq. 
Marina del Rey, California

Copyright © 2016 by Roger Sowell, all rights reserved

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