Monday, December 20, 2010

Isra-Mart srl:Vestas confirms Fallago Rig deal

www.isra-mart.com

Isra-Mart srl news:

Vestas has signed a deal to supply 48 wind turbines to EDF Energy paving the way for a controversial wind farm to be built on the Scottish borders.

Vestas was forced to confirm the agreement late last week after the developer of the 144MW Fallago Rig wind farm in the Lammermuir Hills, North British Windpower, issued a statement saying investor EDF had signed the deal.

"Today, there is information in the market regarding Vestas entering into an agreement with EDF Energy Renewables," the company said in a statement. "Vestas can confirm that we have entered into an agreement with EDF Energy Renewables regarding a wind power project in Scotland. The agreement is expected to fulfil Vestas' announced definition for disclosure of firm and unconditional orders at the beginning of 2011."

A spokesman from North British Windpower told the BBC the deal will allow construction to begin in 2011, with the wind farm slated to be fully operational within the next two years.

Fallow Rig was approved by the Scottish government last month in the face of a lengthy opposition campaign backed by high-profile botanist David Bellamy.

The campaign group said it was concerned that Fallago Rig would link with other nearby wind farms, "transforming the entire area into a wind factory".

However, the Scottish government approved the plans saying the 48 turbines "will play a vital role in Scotland meeting its world leading climate change targets".

Vestas declined to provide further details on the deal.

Earlier this year Vestas was scolded by the Copenhagen stock exchange NASDAQ OMX over its allowing rumours to leak into the market about another 570MW turbine order from the Terra-Gen project in California.