EDP Renováveis contracts Vestas for 76 Wind Generators for Two Romanian Wind Farms
EDP Renováveis (EDPR), renewable energy company pertaining to the Portuguese EDP-Energías Group, has contracted Vestas for a total of 76 wind generators for wind energy projects in Romania. The contract covers the supply and installation of V90-3.0 MW turbines, the VestasOnline Business SCADA solution, and a five-year agreement for the supply of services. The wind generators will be installed from late 2009 and throughout 2010. This contract allows EDPR to progress in the execution of its Romanian network, in line with the decision it made to enter this market in October 2008. These projects cover the annual electric power needs for approximately 97,000 homes and, from an environmental viewpoint, will prevent the emission of more than 392,100 tons of CO2 per year.
ABOUT EDP RENOVÁVEIS
EDP Renováveis is the renewable energy company belonging to the Group EDP-Energias de Portugal. It is present in six European countries, United States and Brazil. With a wind capacity of 5,052 megawatts (MW) from its wind farms at the end of 2008, EDP Renováveis is the fourth largest wind energy operator in the world and third in Europe, Spain and the United States. EDP Renováveis increased its electricity production 78% in 2008, up to 7,807 GWh, in concordance with the strong increase of installed power during the financial year, i.e. 1,413 MW. EDP Renováveis expects to almost triple its wind capacity between 2007 and 2012, until it reaches 10,500 MW. In addition, to the 5,052 MW of wind power already in operation in eight countries, EDP Renováveis has 769 MW under construction, 569 MW of which are found in European wind farms and 199 MW in the United States, plus a project portfolio of 28 GW. EDP Renováveis is the third sector operator in Europe, where it has a wind capacity of 2,894 megawatts distributed among its wind farms in Spain (2,109 MW), Portugal (553 MW) and the rest of Europe (232 MW). In addition to the Iberian Peninsula, the EDP Group’s renewable energy company is present in France, Belgium, Poland and Romania. EDP Renováveis is, also, the third operator in North America. At the end of 2008, the company had a total of 2,158 MW in operation, in addition a project portfolio of about 18,518 MW. EDP Renováveis is present in eight states. The company withdrew from the stock market 22.5% of the company capital in June, prior to expansion, which it placed among institutional investors and retail investors in several countries, as well as among workers of the EDP Group. Several Spanish savings and loan institutions and banks also responded to the institutional sale.