Cashing in the wind

Vestas American Wind Technology, the US subsidiary of Vestas Wind Systems, has received an order from FPL Energy to supply it with approximately 175 V47-660 kW wind turbines.

FPL also has an option to buy 650 more. The current order is worth around 0.5 billion DKK, but if the option is exercised, the deal could be worth up to as much as 2.3 billion DKK.

FPL Energy, a major US independent power producer with fourteen wind farms in Oregon, Washington, Iowa, Texas, Minnesota, Wisconsin and Kansas, is a subsidiary of FPL Group, which is the parent of Florida Power & Light Company, one of the largest electric utilities in the United States.

Vestas also recently announced plans to open a new manufacturing plant for the assembly of nacelles, the production of blades as well as the manufacturing of towers for turbines in Portland, OR.

A new 70,000 m2 production unit, which will be established by Vestas’ US subsidiary, will have an annual production capacity of approximately 300 turbines.

The plant is expected to be ready for operation during the summer of 2003, however, it will not reach full capacity until the beginning of 2004. At full capacity, it is expected to employ around 1,000 employees.