Vestas Wins as US Wind Tax Credit Ends

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Researched by Industrial Info Resources (Sugar Land, Texas)--Vestas Wind Systems (OP:VWDRY) (Aarhus, Denmark) has received more wind-turbine orders as companies race to make progress on windfarm projects before a US renewable energy tax break expires at the end of this year.

Renewable Energy, a subsidiary of Electricite de France (OP:ECIFF) (Paris, France), has purchased 220 V100 2-megawatt (MW) turbines under a 750-MW master supply agreement (MSA) with Vestas Wind Systems.

The purchase has increased the potential of the MSA to 1,174MW. Vestas has secured 300MW under the MSA.

The wind-turbine order is for two projects in development in the Texas Panhandle. The Hereford Wind Project will receive 50 of the turbines, and the Longhorn Wind Farm will receive 100 units.

Deliveries for both projects are expected to occur in the second half of 2014, and commissioning will begin during the first half of 2015.

Chris Brown, president of Vestas' sales and service division in the United States and Canada, said in a press release, "Vestas looks forward to working with EDF Renewable Energy to build more clean-energy projects in Texas. It's one of the strongest wind-power markets in the world, and where we have already supplied turbines to nine major wind power plants in the state."

This order follows a 350-MW wind-turbine order by ENel Green Power S.p.A (OP: ELPSF) (Rome, Italy) this month. The Italian power company purchased 175 units of the same turbine model.

Duke Energy Corp. (NYSE:DUK) placed a 400-MW order in September, Vesta's largest sale this year.

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