The agreement calls for the delivery, installation and start-up of four G128 turbines, each with capacity of 4.5 MW and a 140-meter tower, at the Simo wind farm in the commune of the same name in northern Finland.
In addition, Gamesa will perform operation and maintenance services for 10 years, with an option to extend the contract for another five years.
The turbines -- specifically designed to withstand low temperatures -- are scheduled for delivery in the second quarter of 2013 and are set to begin operating later in the year.
"The agreements with TuuliWatti represent a definitive endorsement of our most state-of-the-art multimegawatt technological solutions," said Gamesa Commercial and Projects Managing Director Javier Perea.
"The Gamesa 4.5 MW turbine system meets the competitiveness and cost of energy needs of even the most challenging wind farm sites. Its innovative modular design and technology ensure maximum reliability and compliance with the most exacting grid codes and stringent environmental requirements, such as those posed by the Simo wind project," Perea said.
The Simo wind farm's turbines will be the largest and highest-capacity turbines installed to date in Finland. The site will supply 11,000 local households with clean energy.
Gamesa and TuuliWatti also signed a framework agreement which includes an option for delivering another 117 MW in coming months consisting of 26 turbines (also from the Gamesa 4.5 MW with towers of 120 meters, 132 meters and 140 meters), to outfit another four wind farms in Finland.
"Simo is an important cornerstone project for TuuliWatti. It is an ambitious initiative which is part of company's total investment project of 400 million euros in the near future," said Jari Suominen, TuuliWatti's General Manager.
"It will help to meet our owners' and country's clean energy targets for coming years. In order to develop competitive and profitable projects, we need leading technology partners in the next-generation, large-scale turbine manufacturing market to produce machines tailored for the peculiarities of our landscapes and wind conditions. Gamesa and its 4.5 MW system offer the optimal product for our wind energy project," Suominen said.
Finland is considered one of the most promising growth markets in the European wind energy business in coming years. Finland in March 2011 approved a wind energy tariff scheme, designed to meet its target for 2,500 MW of installed wind energy capacity in 2020. The country currently has 200 MW of installed wind capacity.
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