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.
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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