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Vestas bags pair of 'merchant' orders from OX2 in Finland

Deal for 60MW of V150-4.2 turbines from Nordic developer includes 30-year servicing agreement

Danish OEM Vestas has booked a 60MW order from Nordic developer OX2 for a pair of projects in Finland being built without government support, in the latest signal of the emerging merchant market for wind power in Europe.

The turbine-maker will supply, install and commission V150-4.2MW machines for the Kröpuln and Storbacken projects, which are backed by UK investor Infracapital, as well as handling 30 years’ servicing via an ‘active output management’ agreement.

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“Vestas has developed turbines and service structures very well fit for the Nordic unsubsidised market and we are very happy to strengthen the long-standing relationship between OX2 and Vestas with this project”, said OX2 CEO Paul Stormoen.

Christer Baden Hansen, Vestas Northern and Central Europe’s vice president for sales North & West, added: “This merchant order underlines how a tailored technical solution that leverages our market experience and project expertise enables a highly competitive business case for our long-term customer OX2 and their partners.

“These wind projects once again confirm wind energy’s increasing competitiveness and offer lowest cost of energy to the Finish energy consumers.”

Delivery of the turbines is slated to begin in the second quarter of 2021, with switch-on expected to follow in the third quarter.

Vestas and OX2 have now announced new wind projects together every consecutive year since 2006.

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