Vestas wins 756 MW order for wind project in Australia
News release from Vestas Asia Pacific
Singapore, 29 November 2022
In partnership with renewable energy enterprise, TagEnergy, Vestas will deliver the Engineering Procurement and Construction (EPC) for the first stage of Golden Plains Wind Farm, a 756 MW project in Victoria, Australia. Stage One is set to be Vestas’ largest onshore wind farm in Asia Pacific and will feature 122 V162-6.2 MW wind turbines from the EnVentus platform.
Upon completion, Vestas will also deliver a 30-year service and maintenance agreement (AOM5000) to optimise the project’s energy production, and long-term business case certainty.
“As the leading sustainable technology and service provider both globally and in Australia, we are pleased to partner with TagEnergy and through our best-in-class energy solutions while supporting their ambitious vision of sustainability through the successful delivery of Golden Plains Wind Farm Stage One”, said Purvin Patel, President of Vestas Asia Pacific.
“Vestas is very pleased to forge a new and valuable partnership with TagEnergy, and project operator WestWind. To support the first stage of Golden Plains Wind Farm, Vestas has levered our capabilities across siting and technology design, finance solutions and grid connection. Through our EPC and long-term Service experience, we look forward to driving the realization of TagEnergy’s landmark project”, said Jan-Daniel Kämmer, Vice President Sales of Vestas Australia and New Zealand.
“TagEnergy is proud to enter a new partnership with Vestas on Victoria’s mega-wind farm. Through Vestas’ industry- leading technology, technical and construction capabilities, and integrated power and service solutions, we look forward to delivering this vital project to help Victoria and Australia to reach net-zero carbon emissions targets as soon as possible”, said Andrew Riggs, Managing Partner Australia of TagEnergy.
“This landmark transaction was made possible through creative collaboration between TagEnergy and lenders, but also through Vestas’ proactive and persistent approach, fronted by the Vestas Financial Solutions APAC team, who brought EKF into the project early in the process”, said Peter Boeskov, Chief Commercial Officer, Global Wind & Structured Finance. “Since 2005 EKF has participated in the financing of Vestas wind farms in Australia with a capacity of 1.7 GW and we will remain focused on providing financial solutions and support to sustainable projects like these”.
With the highest market share for installed capacity, Vestas currently maintains the most amount of wind turbines in Australia. This project will further expand the company’s leading footprint in the country’s promising clean energy market.
Delivery of Vestas’ wind turbines is expected to occur in the fourth quarter of 2023, with commissioning to commence in the fourth quarter of 2024. Once operational, the first stage of Golden Plains Wind Farm will generate enough clean energy to power approximately 450,000 homes a year.
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Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 160 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and more than 140 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 29,000 employees are bringing the world sustainable energy solutions to power a bright future.
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TagEnergy is a clean energy enterprise creating competitive clean power stations to accelerate the energy transition and help the world reach net-zero carbon emissions sooner. Since its formation in 2019, TagEnergy has assembled a portfolio of more than 3GW based on solar, wind and battery storage technologies in the UK, Portugal, Spain, France and Australia. Its first renewable energy project to go online, Hawkers Hill Energy Park battery storage facility in the UK, began operating in 2022.
TagEnergy is controlled by the Impala SAS Group, supported by major investors Mirova and Omnes, and is operated by a team of entrepreneurs, all shareholders. Its operations span the renewables value chain, from development, financing, construction, and asset management to commercialization of its competitive energy. Discover more at www.tag-en.com
For media inquiries for TagEnergy, please contact:
Jackie Crossman: M: +61 402 218 662, E: firstname.lastname@example.org