Vattenfall Places Record Offshore Wind Turbine Order


By MarEx 2017-11-28 18:15:18

Vattenfall has placed the world's largest turbine order for the year, it says, choosing Siemens Gamesa to supply the turbines for its three new offshore wind farms in Denmark.

The three wind farms, Kriegers Flak in the Baltic Sea and Vesterhav Syd and Nord in the North Sea, has a total investment value of close to EUR 1.7 billion ($2 billion). The total installed capacity will be close to 1GW, and this makes it the world's largest offshore wind turbine order in 2017. The wind farms will have the ability to supply approximately one million Danish households with green energy.

The joint deal, which is one of the largest renewable investments in Vattenfall’s history, will cover design, manufacturing, installation, commissioning, testing and service of the turbines. 

When Vattenfall won the tenders to build the wind farms back in 2016 it was at the lowest prices the world had seen at that time. Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea, involved a winning bid of 4.9 euro cent per kWh - the lowest bid in the world. Kriegers Flak is planned to be operational by 2022.

Towards 2022, Vattenfall will build all the planned new offshore wind capacity in Denmark, investing over EUR 2.7 billion ($3.2 billion) in Denmark’s green transition and installing 1.4 GW the next five years. 

Vattenfall aims to build 7GW of renewable energy before 2025.