Vestas has secured a significant order for a 128MW wind project in Chile, marking another step in the Danish manufacturer’s global expansion. The undisclosed customer has chosen Vestas’ V162-6.4MW turbines from the EnVentus platform, a model that has also been selected for a large-scale project in Romania. This order underscores the growing demand for Vestas’ technology in emerging markets and its strategic focus on high-capacity turbines.
The contract includes a ten-year AOM5000 service agreement, a key differentiator for Vestas. This service model optimises turbine output by scheduling maintenance during periods of low wind speeds, minimising downtime. The agreement also features an energy-based availability guarantee, tying Vestas’ compensation to the project’s performance. This approach incentivises the company to maximise energy production, aligning its interests with those of the project’s owners.
Delivery and commissioning of the turbines are scheduled for the first quarter of 2027. The contract will be included in Vestas’ third-quarter order intake, contributing to the company’s revenue stream in the coming years. This project follows Vestas’ recent success in Romania, where its subsidiary, First Look Solutions, ordered 42 units of the same turbine model for the second phase of the Vifor wind farm. The Vifor project, with a total capacity of 461MW, is set to become Romania’s largest wind farm and one of the largest onshore wind farms in Europe.
Vestas’ global footprint is substantial, with over 190GW of wind power capacity installed in 88 countries. The company’s smart data capabilities and extensive servicing portfolio, covering more than 157GW of wind turbines, position it as a leader in the wind energy sector. The recent order for Vattenfall’s Nordlicht 1 offshore wind project in Germany further demonstrates Vestas’ versatility and reach.
This news highlights several trends in the wind energy sector. First, there is a clear demand for high-capacity turbines, as evidenced by the repeated orders for the V162-6.4MW model. Second, service agreements are becoming increasingly sophisticated, with performance-based incentives driving innovation and efficiency. Finally, emerging markets like Chile are playing a growing role in the global wind energy landscape, offering significant opportunities for manufacturers and investors alike.
As Vestas continues to secure large-scale projects worldwide, it is poised to shape the future of wind energy. The company’s focus on high-capacity turbines, smart data, and performance-based service agreements sets a benchmark for the industry. The upcoming projects in Chile and Romania will not only contribute to the countries’ renewable energy goals but also demonstrate the scalability and efficiency of Vestas’ technology. The wind energy sector is evolving rapidly, and Vestas’ recent orders suggest a future where high-capacity, smart, and reliable turbines are the norm.