The 310 MW Lake Turkana wind park, the largest in Vestas’ history by the number of turbines, is a true testament to Vestas’ strong capabilities in emerging markets. The Lake Turkana area has strong and stable winds of 11 s/m on average. Translated this means that the wind turbines produce electricity 70 per cent of the time, which is almost twice as much as what they produce in European onshore wind parks.
It took more than eight years to finalise the project and it required a financial package of approximately 600 million euros. Nordic Development Financing Institutions have provided a substantial part of the equity and Denmark’s Export Credit Agency, EKF, also supported the project by providing a project-financing guarantee of 120 million euros. This relieved the funding providers of risk.