The order was placed by Echoenergia, a Brazilian energy company mostly controlled by Actis, a global investor specialising in private equity, energy and real estate asset management. The turbines will be locally manufactured under the Brazilian Development Bank (BNDES) FINAME II rules, unlocking new opportunities in the Brazilian market. They will feature 73.7 metre blades and the industry’s tallest steel tower, making the V150-4.2 one of the highest onshore low wind turbines in the industry.
“The partnership with Vestas reflects our operational efficiency and makes our objective evident to the market: we want to be the largest and most efficient wind energy company in the country” said Edgard Corrochano, president of Echoenergia. “We will have the largest and most powerful wind turbines with V150-4.2 MW”.
Rogerio S. Zampronha, Vestas’ Managing Director for Brazil and Southern LATAM, added that the deal will take Vestas influence and competitiveness to a new level.
Turbine delivery is planned for the first quarter of 2020, whilst commissioning is expected by the end of the second quarter of the same year. The local production of the V150-4.2 MW model will entail new investments in the country, showcasing Vestas’ long-term commitment to the Brazilian market. The expansion of Vestas’ manufacturing setup in the country will provide Vestas’ customers with access to the company’s latest wind technology and better access to financing.
With the new investments, Vestas will continue supporting the government’s initiative to promote renewables and a more sustainable energy mix. Thanks to the 10-year energy expansion plan published by the Brazilian government last year, the country could reach 28.5 GW of wind capacity by 2026, and is expected to grow between 1.1 and 2.0 GW per year.
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