Deals Counterparts

ENERCON and Soler sign contract for 104 MW of wind turbines for Luxembourg

Supply Agreement Onshore Wind announced Luxembourg Sep 25, 2024
104 MW
Capacity

ENERCON secured a contract to supply 104 MW of wind turbines to Soler for a new wind farm development in Luxembourg. This project represents a significant contribution to Luxembourg's renewable energy capacity,.

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Deal Analysis

The `2024-09-25` announcement confirms `Enercon` will supply `104 MW` of `onshore wind` turbines to `Soler` for a new project in `Luxembourg`. This `supply_agreement` secures critical equipment for `Soler`'s development, ensuring the availability of turbines for their `Luxembourg` wind farm. For `Enercon`, this represents a direct order for `104 MW` of its turbine technology, bolstering its manufacturing pipeline. The deal structure, a direct `supply_agreement`, indicates `Soler` is moving forward with a specific project requiring immediate equipment procurement. While the `value` remains `not disclosed`, the commitment to `104 MW` of `onshore_wind` capacity in `Luxembourg` suggests a substantial capital expenditure for `Soler`'s development. This transaction directly contributes to `Luxembourg`'s `renewable energy` targets by facilitating the construction of new `onshore_wind` generation. For `Enercon`, this `104 MW` `Luxembourg` contract expands its recent activity as a turbine supplier, following its involvement in an `onshore wind` acquisition deal in `Türkiye` where `Reges Elektrik` acquired the `Demirli W` project. This demonstrates `Enercon`'s continued role in providing core technology for new `wind farm` developments across different `European` markets. `Soler`, without a disclosed track record in the provided data, appears to be advancing its `Luxembourg` `onshore_wind` project by securing a key component from `Enercon`. The absence of prior deal summaries for `Soler` suggests this `104 MW` `supply_agreement` could be an early, but significant, step in building out its `renewable energy` portfolio in `Luxembourg`. The commitment by `Soler` to procure `104 MW` of turbines from `Enercon` indicates continued developer activity for `onshore wind` projects across `European` geographies.
  • `Enercon` secures a `104 MW` `onshore wind` turbine `supply_agreement` from `Soler` for a `Luxembourg` project.
  • This `2024-09-25` announcement represents `Enercon`'s second known turbine supply involvement, following a `Türkiye` project.
  • `Soler`'s `Luxembourg` `onshore wind` project marks its first disclosed activity in the provided deal data.
  • The `104 MW` capacity will contribute to `Luxembourg`'s `renewable energy` generation.
  • The `supply_agreement`'s `value` remains `not disclosed`.

Timeline

Announced
Sep 25, 2024
Signed
Closed

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