Aarhus, 21 August 2017
Firm and unconditional order announced, with MHI Vestas to supply 31 units of the V164-8.0 MW wind turbine for the 252 MW Deutsche Bucht (“DeBu”) project in Germany, underscoring the market’s continued confidence in the platform.
MHI Vestas Offshore Wind received a firm and unconditional order from Northland Power Inc. (“Northland”) (TSX: NPI) (TSX: NPI.PR.A) (TSX: NPI.PR.B) (TSX: NPI.PR.C) (TSX: NPI.DB.B) (TSX: NPI.DB.C) last Friday, when the company announced that the €1.3 billion Deutsche Bucht (“DeBu”) project has reached financial close.
The project underlines the growing presence of MHI Vestas Offshore Wind in Germany and the market’s demand for the V164 turbine platform. The contract also includes a long term full scope service package, maximising the power production on site.
“We are delighted to see this landmark project reach financial close,” said Jens Tommerup, CEO of MHI Vestas Offshore Wind. “The order affirms the strength of the V164-8.0 MW as a very competitive turbine for the German market, where distance from the coast and deeper waters demands a larger and more powerful machine. We very much look forward to our partnership with Northland in providing clean energy to Germany.”
DeBu is Northland’s third offshore wind project. It is located 77 km from Northland’s other German offshore wind project, Nordsee One. Once completed, DeBu is expected to generate enough sustainable energy to meet the needs of over 178,000 households. It will reduce C02 emissions by over 360,000 tonnes per year, supporting the German government’s CO2 reduction targets.
For further information, contact:
MHI Vestas Offshore Wind
Tel: +45 8844 8950
About MHI Vestas Offshore Wind
MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s sole focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to drive down the cost of energy from offshore wind parks by driving capital and operating savings, and increasing output of wind turbines by bringing the best technology to the market. The company is founded on collaboration, and creating powerful partnerships with key stakeholders as the cornerstone of its business model.
Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce ‘clean’ (natural gas) and ‘green’ (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities.
The Company owns or has a net economic interest in 1,754 MW of operating generating capacity and 332 MW of generating capacity under construction – the Nordsee One offshore project in the North Sea, of which the Company owns 85% – in addition to its 100% equity stake in DeBu.
Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.
About the Deutsche Bucht project
• Name: OWF Deutsche Bucht
• Awarded output: 252 MW
• Turbines: V164-8.0 MW
• Expected installation year: 2019
• Location: German North Sea
• Distance from coast: Approx. 95 km
• Service contract: 15 year full scope service contract with an energy based guarantee
About the V164-8.0 MW
• 8 MW rated power, with an optimal rotor to generator ratio
• 80 m blades, the equivalent of nine double decker London buses
• Each blade weighs 35 tonnes
• Swept area of 21,124 m2, larger than the London Eye
• The nacelle is 20 m long, 8 m wide and 8 m high, weighing approximately 390 tonnes
• Approximate hub height of 105 m
• Approximate tip height of 187 m
• Reduces operational and maintenance costs by enabling customers to run fewer, larger turbines
• World record production by a single wind turbine of 216 MWh in 24-hour period (December 2016)