Vestas wins 350 MW Enel Green Power order for turbines

|About: Vestas Wind Systems A/S ADR (VWDRY)|By:, SA News Editor

Vestas Wind Systems (VWDRY +4.1%) wins a 350 MW wind turbine order from Enel Green Power (ELPSY) in Oklahoma, its fourth U.S. deal in just over three months following eight months of inactivity.

Vestas will supply 175 of its V100 2 MW turbines to Enel's U.S. unit and may add another 636 MW.

A renewed U.S. tax credit, which pays wind-farm owners 2.3 cents for every KW-hour of power they produce, now applies to all projects that begin construction before the end of 2013; earlier this week, Siemens reported a 1,050 MW order from Warren Buffett's MidAmerican Energy.