MHI Vestas Offshore Wind has been appointed as preferred wind turbine supplier for Eneco and EDF’s 970MW Navitus Bay project in the UK.
The turbine delivery contract for the offshore wind project is estimated to be worth £1.6bn ($2.5bn), reports Bloomberg.
Go deeper with GlobalData
The firm will disclose further details about the expected deal as soon as it ‘translates into a firm and unconditional order’.
Situated to the west of the Isle of Wight and away from the Dorset and Hampshire coasts, the wind project is likely to be equipped with MHI Vestas’ V164-8MW turbines.
The offshore facility was expected to have a maximum 194 turbine installations for the 970MW project under Plan A, which has been reduced to 121 since the MHI Vestas’ turbine models are more powerful.
The number of turbines for the smaller 630MW option, under Plan B for the project, has also been reduced to 78 from the initial estimate of 105.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMHI Vestas CEO Jens Tommerup said: "We look forward to working together with Navitus Bay in order to negotiate the project through the necessary milestones needed to realise the project as a firm and unconditional order.
"If the project translates into a firm and unconditional order, the 80m blades are planned to be produced locally at our manufacturing facility on the Isle of Wight, providing jobs in the region close to the project."
The project is to be developed by a joint venture between Eneco Wind and EDF Energy Renewables. It will be able to meet energy requirements of around 700,000 homes when operational.
Navitus Bay is expected to be completed by 2021.
Navitus Bay project director Mike Unsworth said: "We are determined to maximise the economic benefits of the project across the South Coast so it is fantastic news that the turbine blades for the MHI Vestas turbine will be manufactured on the Isle of Wight.
"Its factory in Newport looks set for a great future and Navitus Bay would represent a substantial addition to its order book. This would help to safeguard the 200 jobs being created to supply offshore wind projects in the UK.
"Having suppliers close to the proposed site will also cut down on transport and builds local expertise which will benefit the project and the region."
Image: Navitus Bay project may have up to 121 of MHI Vestas turbine installations. Photo: courtesy of MHI Vestas Offshore Wind.
