Deals Counterparts

ENERCON and Finerge sign framework agreement for service and maintenance of 1 GW wind turbine fleet in Portugal

Partnership Onshore Wind announced Portugal Nov 28, 2023
1000 MW
Capacity

ENERCON has entered into a new framework agreement with Finerge for the service and maintenance of Finerge's 1 GW fleet of 497 ENERCON wind turbines in Portugal. This agreement extends the service contracts to 25 operational years and covers 58% of Finerge's entire onshore wind fleet, solidifying a long-standing partnership and commitment to sustainable energy solutions.

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Deal Analysis

Enercon is deepening its ties with Finerge in Portugal, securing a new framework agreement to service and maintain Finerge's substantial 1 GW onshore wind fleet. This deal extends existing service contracts for 497 turbines to a full 25 operational years, a significant commitment to long-term asset management. For Enercon, a manufacturer with a track record as an operator, this solidifies their role in the lifecycle of nearly 60% of Finerge's Portuguese onshore wind assets. It’s a clear move to lock in operational stability for a major renewable energy portfolio.
  • 1 GW wind turbine fleet under service.
  • Service contracts extended to 25 operational years.
  • Covers 58% of Finerge's onshore wind fleet.
  • Enercon to service 497 turbines in Portugal.

Timeline

Announced
Nov 28, 2023
Signed
Closed

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