EDF, Vestas sign multiyear contract on wind turbines

06/30/2011 | Bloomberg

EDF Energies Nouvelles has signed a multiyear contract that would allow it to purchase as much as 2,000 megawatts of wind-turbine capacity from Vestas Wind Systems at locked-in prices. Under the deal, EDF would use Vestas' wind turbines on at least 50% of its onshore-wind projects in Europe and 30% in the U.S. "EDF [Energies] Nouvelles is locking in long-term pricing and probably getting some pretty good terms on the deal," said Amy Grace, an analyst at Bloomberg New Energy Finance.

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