Vestas has closed turbine supply agreements with independent asset manager Luxcara for three wind farms in Finland totalling 160MW.
Under the terms of the deals, Vestas will supply, install and commission 38 V150-4.2MW machines with site-specific towers for the Valikangas, Pihtipudas and Sievi projects.
The contract also includes a 25-year active output management 5000 service agreement and a VestasOnline Business SCADA solution to lower turbine downtime and optimise the energy output.
Delivery is scheduled for the second quarter of 2021, while commissioning is planned for the fourth quarter of the same year.
Valikangas, Pihtipudas and Sievi are located in the Northern Ostrobothnia region and benefit from favourable wind conditions near the shore, Vestas said.
The wind projects have been acquired for a portfolio of institutional investors advised by Luxcara.
Luxcara managing partner Philip Sander said: “We are very much looking forward to working together with Vestas on our Finnish portfolio.
“We are convinced that the projects will benefit from Vestas’ expertise in the Nordics and that the selected turbines will ensure the best possible use of the very good wind conditions to produce clean and sustainable energy.”
Vestas Northern & Central Europe vice president of sales north and west Christer Baden Hansen said: “I would like to thank our customer Luxcara for the confidence they have shown in the capabilities of our 4MW platform and our services.
“We believe that the three projects will benefit from the V150-4.2MW turbine’s extremely competitive levelised cost of energy and its perfect fit with the site’s wind conditions.
“The order affirms the competitiveness of Vestas’ wind power solutions and that wind power provides an attractive long-term energy investment, capable of delivering beyond its climate and sustainability benefits.”