Vestas wins 20 MW South Korean Order

Danish wind turbine manufacturer Vestas Wind Systems (VWS.F) said on Monday it had received a 20 megawatt turbine order for a wind project in South Korea.

The order was for six units of the V112-3.3 MW turbine for the Yaksoo Wind Farm project in southwestern South Korean province Jeonnam, Vestas said in a press release on its website.

The contract includes delivery, installation and commissioning of the wind turbines, as well as a 16 year service agreement, Vestas said.

Delivery and commissioning are expected during the second half of 2016.

In general, wind turbine orders give Vestas revenue of around 0.95 million euros per megawatt on average.

Wind turbine orders with a value above 500 million Danish crowns ($72.28 million) are disclosed by Vestas as stock exchange announcements, while smaller ones are published as press releases on its website.

Reporting by Copenhagen newsroom