Vestas wins order for Lakiakangas III project in Finland

Vestas

Vestas has bagged an 86 MW order from German developer CPC Germania for the Lakiakangas III project in Isojoki in the South Ostrobothnia region of Finland.

The order includes the supply, installation and commissioning of 20 V150-4.2 MW wind turbines in 4.3 MW Power Optimised Mode as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement. Turbine delivery is expected to be completed by the second half of 2021.

Vestas has worked with CPC Germania to develop the most cost-effective and competitive solution that was awarded in Finland’s first technology neutral renewable energy auction in 2019.

Vestas has installed roughly 400 wind turbines with a total capacity of almost 1.2 GW to date in Finland.

“Lakiakangas III becomes our biggest wind farm in Finland so far and CPC adds another significant step to our long-term relationship with Vestas. Vestas has the technology, track-record and the local service organisation,” said Markus Tacke,  CEO of CPC Germania.

Earlier Vestas won contracts for the Lakiakangas I and Lakiakangas II projects with CPC Germania. Both projects are already operational.

While Lakiakangas I generates revenue under the Finnish feed-in tariff, the Lakiakangas II project is remunerated under the first Finnish PPA (power purchase agreement) with a third party – meaning it is realised without state subsidies, Vestas said.