The order includes the supply, installation and commissioning of 20 V150-4.2 MW wind turbines in 4.3 MW Power Optimised Mode as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement that will ensure optimised performance and long-term business case certainty for the customer.
Vestas has worked closely with CPC Germania to develop the most cost-effective and competitive solution that was awarded in Finland’s first technology neutral renewable energy auction in 2019. With this deal, Vestas reinforces its presence in Finland`s wind market, where the company has installed roughly 400 wind turbines with a total capacity of almost 1.2 GW to date.
“After the successful completion of Lakiakangas I and II projects, we are pleased to be working again with Vestas in the Lakiakangas III wind farm” said Markus Tacke, the CEO of CPC Germania. “With 20 Vestas V150-4.3 MW turbines, Lakiakangas III becomes our biggest wind farm in Finland so far and CPC adds another significant step to our long-term relationship with Vestas. We trust that Vestas has the technology, track-record and the local service organisation to make this project a success over the decades ahead”.
The Lakiakangas III order follows Vestas` contract wins for the Lakiakangas I and Lakiakangas II projects with CPC Germania. Both projects are already fully operational. While Lakiakangas I generates revenue under the Finnish feed-in tariff, the Lakiakangas II project is remunerated under the first Finnish PPA (power purchase agreement) with a third party – meaning it is realised without state subsidies.
Turbine delivery is expected to be completed by the second half of 2021.
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