The Danish wind-turbine manufacturer has not revealed the value of the contract, nor the number of turbines that will be delivered, but has stated that the deal represents its largest single order.
The Master Supply Agreement (MSA) consists of an order for supply, installation and commissioning of wind turbines with a total capacity of 1,500MW to be delivered to North America, South America and Europe in 2011 and 2012. This could be extended by an additional 600MW in 2010 and 2011.
The agreement also includes a two-year service and maintenance agreement that can be extended to five or 10 years.
The MSA, one of the largest global wind-turbine orders ever announced worldwide, is said to support Vestas’ target of achieving €15bn (£13bn) revenues and 15 per cent EBIT margin no later than 2015.
Juan Araluce, president of Vestas Mediterranean, said: ‘We are very pleased to sign this important agreement with EDPR, who is a global key player in the wind-energy industry, with whom, at the end of 2009, Vestas had installed a total capacity of approximately 2,500MW worldwide, representing around 40 per cent of EDPR’s total global wind capacity.’
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