- GE Renewable Energy selected by Azora to supply 19 Cypress onshore wind turbines units for the Cuevas de Velasco wind farm
- The 100 MW project will use 158 meter-high rotors, the most powerful rotor ever permitted in Spain.
- Deal includes a 30-year service contract
Barcelona, Spain, December 3, 2020 -- GE Renewable Energy announced today that it has been selected by Azora to supply 19 Cypress onshore wind turbines for the 100 MW Cuevas de Velasco wind farm located in the Cuenca province in Spain. Azora will operate the Cypress turbines at 5.5 MW, with a rotor diameter of 158m, the most powerful ever permitted in Spain.
This marks the first order in Spain for GE’s Cypress platform, the company’s largest onshore wind turbine in the field. GE’s scope of work will also include a 30-year services agreement.
The Cypress’ revolutionary two-piece blade will be produced by GE’s wind turbine blade subsidiary, LM Wind Power. The entity operates a site in Castellón, Spain which was expanded in 2018 and now employs about 650 people. The towers for the wind turbines will be produced in Spain, with the nacelles being produced at GE’s European factory in Salzbergen, Germany.
Santiago Olivares, Managing Partner in charge of Infrastructure and Energy Investments at Azora said: “We are very excited about the opportunity of working together with GE in this fantastic project, which will be the first to implement this revolutionary new turbine in Spain. The Cuevas de Velasco Wind farm will produce more than 300.000 MWh per annum, contributing to Spain´s objective of generating cleaner, cheaper and more efficient energy.”
Peter Wells, President & CEO, Onshore Wind, Europe & Sub Saharan Africa, said: “Azora is a major investor in wind energy in Spain and we are thrilled to be working together and help our customer reach its renewable energy goals. GE is very proud to bring additional clean, affordable, renewable energy and to contribute to the development of the wind industry in Spain. Our goal is to help our customers drive energy costs down every day, and our Cypress platform is ideally suited to make the best use of the country’s wind speed and landscape.”
Spain has set an objective in its National Energy and Climate Plan (PNIEC) to reach 50 GW of installed wind power by 2030, resulting in the installation of 2,300 MW annually during the decade. According to the Spanish wind power association, Asociación Empresarial Eólica (AEE), wind power could meet 34% of the national electricity supply by 2030, up from just under 21% in 2019.
The Cypress onshore wind platform enables significant Annual Energy Production (AEP) improvements, increased efficiency in service ability, improved logistics and siting potential, and ultimately more value for customers. The two-piece blade design enables blades to be manufactured at even longer lengths, improving logistics to drive costs down and offer more siting options in locations that were previously inaccessible.
Founded in 2003, Grupo Azora ("Azora") is a leading, vertically integrated, Spanish investment and asset management firm, with over €4 billion of equity capital committed since its foundation. Over the past 17 years, Azora has grown to over 250 professionals, with extensive experience across the spectrum of real assets investment.
Azora specialises in different types of assets including renewable energy, residential (rented, for sale and senior), hospitality, logistics and offices.
About GE Renewable Energy
GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on twitter.com/GErenewables or on www.linkedin.com/company/gerenewableenergy.
For media inquiries, please contact:Antoine Balas
Onshore Wind International, Communications Leader
GE Renewable Energy
+33 6 89 69 41 10
[email protected] Noemí Sánchez
Azora Press Cabinet (Spain)
+34 91 563 41 79
[email protected] Nacho Miquel
Azora Press Cabinet (Spain)
+34 91 563 41 79
[email protected] Richard Sunderland / James McEwan / Talia Jessener
FTI Consulting (International)
+44 20 3727 1000