13:59 - 20 Mar 2015

Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden's largest wind power plants.

Allianz Capital Partners orders 37 V117-3.3 MW turbines for one of Sweden's largest wind power plants.

With reference to Vestas Wind Systems A/S company announcement No. 13 of 20 March 2015, Vestas is pleased to announce this 122 MW project which will be located in Sweden's Ljusdal and Bollnäs municipalities, and will be the country's first wind power plant to use the V117-3.3 MW turbine. This order brings Vestas' announced order intake in the first quarter of 2015 above 1 GW.

Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments. With a combined generation capacity of more than 1,200 MW, it is one of the world's largest financial investors in renewable energy. The Sörby project has been developed by Kraftö Vind AB, a well-established developer with a large portfolio focusing primarily on Sweden. Kraftö will manage the construction of the wind farm.

Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016. The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000).

"We are very pleased to become the owner of the 122 MW Sörby project which materially strengthens our position in the Swedish wind market. We look forward to working with both Kraftö and Vestas to ensure the smooth construction and optimal long-term operation of the project", states David Jones, Head of Renewable Energy at Allianz Capital Partners.

"The open mindset approach that has characterised our cooperation with the Vestas team has enabled us to continuously improve the business case certainty all the way to financial close. Furthermore, the selection of the V117-3.3MW turbine ensures that we enhance the already solid wind resources at the site" says Anders Barne, CEO of Kraftö Vind AB.

"Vestas' wide range of wind turbine types is well-suited for all market conditions and thus offers our customers a strong business case for their wind power investments", says Klaus Steen Mortensen, President of Vestas Northern Europe. "We are really pleased with being selected as the supplier and long-term service partner on the 122 MW Sörby project".

Today, Vestas has delivered about 1,600 wind turbines, totalling more than 2,500 MW, to Sweden.

About Vestas
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas' more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 66 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.

We invite you to learn more about Vestas by visiting our website at vestas.com and following us on our social media channels:

• www.twitter.com/vestas
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For more information, please contact:
Christina Buttler, Communications Partner Northern & Central Europe
Tel: +49 40 46778 5153/Mobile: +49 (0) 160 90141736
Email: [email protected]