Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, July 12 2018 - 17:46
AsiaNet
Vestas to deliver 112 MW turnkey solution for Palisade's Granville Harbour Wind Farm, will power more than 46,000 Tasmanian households
MELBOURNE, Australia, July 12, 2018 /PRNewswire-AsiaNet/--

Australian-based Palisade Investment Partners Limited (Palisade) has placed a 
112 MW turnkey order with Vestas for the Granville Harbour Wind Farm in 
Tasmania, Australia. Vestas has developed a solution with Palisade that is 
customised to Tasmania's excellent wind conditions, and that will provide 
low-cost renewable energy that can power more than 46,000 local homes. The 
project supports both Tasmania's ambitious target to be self-sufficient with 
renewable energy and Tasmania's role within the National Electricity Market as 
a key source of renewable energy to mainland Australia.

Leveraging Vestas' extensive experience from more than 100 turnkey projects 
globally, the order includes civil and electrical works, supply and 
commissioning of 31 V126-3.6 MW turbines as well as a 25-year Active Output 
Management 5000 (AOM 5000) service agreement. With its 137-meter-tall towers, 
the project will host the tallest turbines in Tasmania, which will maximise 
annual energy production, reduce the cost of energy and deliver the best 
business case for Palisade.

"Vestas is a trusted partner with a proven track record in the market," said 
Roger Lloyd, Palisade Managing Director and CEO, "they offer the optimal 
product for the project, and a service solution at a competitive cost of 
energy."

"Our local experience and extensive project and product expertise has been key 
in securing this order. Together with Palisade we have found the perfect 
solution for the Granville Harbour project, which is Vestas' fifth project in 
Tasmania. This project underlines how Vestas, as the dominant renewable energy 
player in the state, supports the government's ambitious goal to make Tasmania 
self-sufficient on renewable energy by 2022," said Vestas Asia Pacific 
President Clive Turton.

The 25-year AOM 5000 service agreement is a full-scope service package to 
maximise energy production for the lifetime of the project. With a yield-based 
availability guarantee, Vestas will provide the customer with long-term 
business case certainty. Commercial operations at Granville Harbour are 
scheduled to commence in the fourth quarter of 2019.

The project was initially developed by Westcoast Wind, who undertook long term 
wind monitoring at the Granville Harbour site and secured necessary local, 
state and federal planning approvals. Palisade acquired 100 percent of 
Westcoast Wind in February 2018.

About Vestas

Vestas is the energy industry's global partner on sustainable energy solutions. 
We design, manufacture, install, and service wind turbines across the globe, 
and with 92 GW of wind turbines in 79 countries, wehave installed more wind 
power than anyone else. Through our industry-leading smart data capabilitiesand 
unparalleled 78 GW of wind turbines under service, we use data to interpret, 
forecast, and exploitwind resources and deliver best-in-class wind power 
solutions. Together with our customers, Vestas'more than 23,900 employees are 
bringing the world sustainable energy solutions to power a bright future.

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

www.twitter.com/vestas 
www.linkedin.com/company/vestas 
www.facebook.com/vestas 
www.instagram.com/vestas   
www.youtube.com/vestas

About Palisade Investment Partners

Palisade is a specialist, independent infrastructure manager that provides 
institutional investors with access to Australian infrastructure projects 
through tailored portfolios and co-mingled funds. Palisade's multi-disciplinary 
and experienced team focuses on attractive mid-market assets that are essential 
to the efficient functioning of the communities and economies they serve. 

For more information, visit: http://palisadepartners.com.au/ 

SOURCE  Vestas