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Vestas receives the remaining 69 MW order for the Jädraås project in Sweden

With reference to Vestas Wind Systems A/S’ company announcement No. 52/2011 of 30 December 2011, Vestas has received an order from a joint venture consisting of Arise Windpower AB and Platina Partners Ltd. for delivery of another 23 units of the V112-3.0 MW wind turbine to the Jädraås wind power park in Sweden.

On 6 October 2011, Vestas announced the first order for the project consisting of 43 V112-3.0 MW wind turbines with a total capacity of 129 MW together with a conditional 69 MW, which is announced firm and unconditional as of today.

Delivery of all 66 turbines for the Jädraås project is scheduled to be completed in the very beginning of 2013.

The contract includes supply, installation, commissioning of the turbines and a 15-year full scope Active Output Management agreement with a production-based availability warranty.

The V112-3.0 MW turbine was released for sale in August 2010. It is designed for low and medium wind speeds. Jädraås will be the first major Swedish power plant with V112-3.0 MW turbines.

When finally completed, the wind power plant in Jädraås is assessed to become Northern Europe’s largest, with an estimated yearly production of 570 GWh of renewable energy.

Contact details

Vestas Northern Europe
Klaus Steen Mortensen, President
Tel.: +46 40 376 700

Vestas Northern Europe
Krister Poole Jönsson, Vice President Sales
Tel.: +46 722 004 341

Arise Windpower AB
Peter Nygren, CEO
Tel.: +46 706 300 680

About Vestas Northern Europe

Vestas Northern Europe is one of seven Sales Business Units in the Vestas Group. The company manages all sales, construction and service operations for onshore wind turbines in the countries of Sweden, Denmark, Norway, Finland, the Baltic States, Poland, Ireland and the United Kingdom. As of 30 June 2011, Vestas Northern Europe has delivered a cumulative capacity of 6,545 MW, representing 14 per cent of Vestas’ global onshore capacity.
To learn more about Vestas, please visit: www.vestas.com.

About Arise Windpower AB (publ)

Arise Windpower is one of Sweden's leading companies in onshore wind power. Its business concept is to sell electricity generated at the company's own wind turbines. The company's target is to have about 700 MW (equivalent to about 300 wind turbines) in operation or under construction by 2014. Arise Windpower is listed on NASDAQ OMX Stockholm.
To learn more about Arise, please visit www.arisewindpower.se.

About Platina Partners LLP

Platina Partners LLP is an independent investment company with equity under management of approx EUR 500m. Platina pursues investment opportunities across two investment disciplines where the team’s senior operating capability and network give them a clear competitive edge: Renewable Energy Infrastructure across Europe; and Lower mid-market buy-outs (<GBP 50m EV) with a focus on special situations and turnaround opportunities.
To learn more about Platina, please visit www.platinapartners.com.

About the V112-3.0 MW turbine

The V112-3.0 MW was released for sales in August 2010. It is based on proven technology and Vestas’ more than 30 years of experience within manufacturing wind turbines. The V112-3.0 MW is designed for low and medium wind speeds. 80 per cent of a V112-3.0 MW turbine can be recycled, and after approx eight months, the wind turbine is energy-neutral, which means that it will contribute to reducing carbon emissions for more than 19 years. During its lifetime, the V112-3.0 MW wind turbine only emits 7 grams of CO2 per kWh, deriving from production and installation of the turbine. More information about the V112-3.0 MW turbine on www.vestas.com, look under: WindPowerPlants/Procurement/Turbineoverview.
 

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