A new model could help Vestas win more Australian orders

Vestas' largest Australian order in six years was secured by a new financing model from a Danish credit agency with increased market risk. This could strengthen Vestas' position on the recently revitalized Australian renewables market.
I 2010 Vestas won a record order for 420MW in Australia. Since then, the market completely stopped, but now it is showing signs of life once more. | Photo: Vestas
I 2010 Vestas won a record order for 420MW in Australia. Since then, the market completely stopped, but now it is showing signs of life once more. | Photo: Vestas

The order for the Australian Sapphire 270 MW project secured by Vestas in mid-December is quite remarkable. Not simply because it represented 2016's third-largest order and the largest Australian order since 2010's MacArthur wind farm. But also because the project's financing model is highly unusual.

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