Vestas has reinforced its leadership in the European onshore wind market with a robust Q4 order intake totaling 290 MW across Italy, Spain, and Portugal. The latest contracts underline strong customer confidence in Vestas’ turbine portfolio and long-term service capabilities, while also highlighting continued momentum for renewable energy deployment across Southern Europe.
The orders, secured with leading energy developers including ERG, Capital Energy, Saeta, and Hyperion, span multiple turbine variants and are supported by long-term Active Output Management (AOM) service agreements. Turbine deliveries and commissioning are scheduled between 2026 and 2027, ensuring a solid project pipeline for the coming years.
Italy: 125 MW Order From ERG Strengthens Vestas’ Presence
In Italy, Vestas received a 125 MW order from ERG for the Carlentini and Greci-Montaguto wind projects. The projects will deploy a diversified turbine mix, including 18 units of the V163-4.5 MW, six units of the V136-4.5 MW, and four units of the V117-4.2 MW turbines.
To maximize long-term performance and reliability, the projects are backed by a long-term AOM 5000 service agreement. Turbine delivery and commissioning are expected by 2026, supporting Italy’s continued transition toward cleaner energy sources and reinforcing ERG’s renewable generation portfolio.
Spain: Capital Energy Selects Vestas for 88 MW Across Two Projects
Vestas also secured an 88 MW order in Spain from Capital Energy for the El Castillar and Joluga wind projects. The order includes a mix of advanced turbine technologies, with four V162-6.2 MW turbines, nine V163-4.5 MW turbines, and five V150-4.5 MW turbines.
The projects are covered by a 20-year AOM 4000 service agreement, reflecting a long-term commitment to operational efficiency and energy yield optimization. Turbine commissioning is expected in phases, with completion targeted for Q1 2027 and Q2 2027. These projects further strengthen Spain’s position as one of Europe’s most dynamic wind energy markets.
Portugal: Two Projects Add 77 MW to Vestas’ Q4 Intake
Portugal contributed a combined 77 MW to Vestas’ Q4 order intake through two separate agreements. Saeta awarded Vestas a 45 MW contract for the Penamarcor project, which will feature ten V163-4.5 MW turbines. The project includes a long-term AOM 5000 service agreement, with commissioning expected by the end of 2026.
In addition, Hyperion placed a 32 MW order for the Nortada project, comprising seven V163-4.5 MW turbines. This project is supported by a 20-year AOM 4000 service agreement. Turbine delivery, commissioning, and handover are all expected in the first half of 2027.
Strong Service Attach Rates Support Long-Term Value
A key highlight of Vestas’ Q4 order intake is the high level of service agreement coverage. All projects are supported by long-term AOM contracts, ranging from AOM 4000 to AOM 5000, extending up to 20 years. These agreements are designed to ensure optimized performance, predictable operations, and reduced lifecycle costs for customers, while also strengthening Vestas’ recurring service revenues.
Outlook: Solid Momentum Heading Into 2026 and 2027
The latest orders demonstrate Vestas’ continued competitiveness across multiple European markets and its ability to meet diverse project requirements with a broad turbine portfolio. With deliveries and commissioning stretching into 2027, the Q4 intake provides strong revenue visibility and underlines the company’s strategic focus on combining technology leadership with long-term service partnerships.
As Europe accelerates its renewable energy transition, Vestas’ growing project backlog in Italy, Spain, and Portugal positions the company well to support national decarbonization goals while delivering long-term value to its customers.
BABURAJAN KIZHAKEDATH
