Vestas to supply 26MW turbines for Hiringa Energy's Kapuni Wind Farm in New Zealand
26 MW
Capacity
development
Stage
Kapuni Wind Farm
Project
Vestas has secured a 26MW turbine supply order from Hiringa Energy for the Kapuni Wind Farm in New Zealand. The contract includes the installation of four V162-6.4MW EnVentus turbines optimized for increased energy output, along with a 20-year service agreement. The Kapuni project, led by Hiringa Energy in partnership with Balance Agri-Nutrients, Todd, PKW, and MBIE, aims to support green hydrogen production at scale. Deliveries are expected to begin in Q1 2026, with commissioning planned for Q2 2027.
Deal Analysis
Vestas securing a 26MW turbine supply order from Hiringa Energy for the Kapuni Wind Farm in New Zealand marks a significant step in the country's green hydrogen production ambitions. The agreement involves the supply and installation of four V162-6.4MW EnVentus turbines, optimized for increased energy output, coupled with a 20-year service agreement. This project, spearheaded by Hiringa Energy in collaboration with Balance Agri-Nutrients, Todd, PKW, and MBIE, underscores the growing trend of integrating renewable energy sources with hydrogen production facilities. Deliveries are slated to commence in Q1 2026, with commissioning targeted for Q2 2027.
The Kapuni Wind Farm project highlights the increasing focus on sustainable energy solutions in the Asia Pacific region. The involvement of multiple partners, including government entities like MBIE, demonstrates a collaborative approach to achieving renewable energy goals. While the financial details of the deal remain undisclosed, the long-term service agreement with Vestas indicates a commitment to the project's operational efficiency and longevity. This project could serve as a model for future green hydrogen initiatives in New Zealand and other countries seeking to decarbonize their energy sectors.
- 26MW turbine supply agreement between Vestas and Hiringa Energy.
- Project supports green hydrogen production at the Kapuni Wind Farm.
- Involves multiple partners including Hiringa Energy, Balance Agri-Nutrients, Todd, PKW, and MBIE.
- Includes a 20-year service agreement with Vestas.
Market Context: The deal operates within the onshore wind and hydrogen sectors in the Asia Pacific region, specifically New Zealand. This region is experiencing increased investment in renewable energy projects to meet growing energy demands and reduce carbon emissions.
Timeline
Announced
Feb 6, 2026
Signed
Closed
Counterparts (6)
Partner
PKW
PKW is an investment bank focused on the infrastructure sector. They provide financial advisory serv...
Balance Agri-Nutrients
Balance Agri-Nutrients is a New Zealand-based company focused on providing nutrient solutions for th...
MBIE
The Ministry of Business, Innovation and Employment (MBIE) is the New Zealand government's lead busi...
Todd
Based on available knowledge, I cannot provide a summary of Todd's investment focus and strategy as ...
Market Context
This deal is part of the Onshore Wind, Hydrogen sector in New Zealand.
177
Onshore Wind deals
12
deals in New Zealand
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