Aberdeen, UK – News Direct – 14 March 2023 – EthosEnergy has appointed Mario Cincotta, former CEO of ItalPresseGauss and Senior Vice President of Norican Group as its new Executive Vice President of East Hemisphere. Mario will have strategic and operational leadership for the East Hemisphere. He will be based in Italy and report into the CEO, Ana Amicarella.
He brings with him 25 years of experience across the energy industry having spent 20 years with the GE Energy business in various leadership roles prior to his former position.
Ana Amicarella, CEO of EthosEnergy said, “Mario is known for his strategic vision, strong leadership and ability to execute. I am excited to welcome him to EthosEnergy and look forward to working closely together to deepen customer relationships, strengthen our position in the market and grow our business.”
Mario added, “I am delighted to join EthosEnergy at such an exciting time in their transformation and growth journey. I believe that building talent, team engagement, and inclusiveness as well as developing sustainability are key competitive factors, and look forward to working with the team to execute on these areas to take our business to the next level.”
Mario served as officer in the Italian Army and holds an Engineering Master’s degree from Milan Polytechnic University, a Master’s in Business Management from the ISTUD Institute of Management in Italy and a “Business Strategy in the Energy Industry” Certificate from the Georgia Tech Institute of Technology.
EthosEnergy turns on potential to deliver services and solutions globally for rotating equipment to make energy affordable, available, and sustainable. Tailoring solutions for the power, oil & gas, industrial and aerospace markets, so customers can achieve more.
SANDTON, SOUTH AFRICA – EQS Newswire – 14 March 2023 – Independent power producer Red Rocket has placed a 373 MW order for the Brandvalley, Rietkloof and Wolf wind parks, to be located in Western Cape and Eastern Cape, South Africa.
The contract includes the supply and installation of 64 V150-4.5 MW wind turbines, 12 V163-4.5 MW wind turbines and five V162-6.2 MW Enventus wind turbines. Vestas will service the wind parks through a 15-year Active Output Management 5000 (AOM 5000) agreement.
Red Rocket’s CEO, Matteo Brambilla said: “Red Rocket has been investing and supporting South Africa’s electricity crisis for more than a decade and with a portfolio of more than 1,000 MW of wind, hydro and solar projects under development, in construction or in operation in the country, we are delighted to continue making a significant contribution to South Africa and the rest of the continent.” Brambilla added: “The projects will bring a 740-million-rand community investment over 20 years through local social projects. The wind farms will start operating in 2024″.
The order includes the first installations globally of the V163-4.5 MW wind turbine from Vestas’ 4 MW platform. Featuring an 18 per cent increase in swept area, the V163-4.5 MW has a large rotor-size-to-rating ratio resulting in a higher capacity factor, enabling up to 10 percent higher Annual Energy Production at park level compared to the V150-4.5 MWdepending on site-specific conditions. This increases power output at lower wind speeds significantly and improves predictability and stability in production, optimising the utilisation of the wind park as well as benefitting the energy grid.
“I would like to thank Red Rocket for the trust they have placed in Vestas’ latest evolution of technology. With three different wind turbine variants across platforms this order showcases that we are able to enhance the customer business case through optimising the layout on each wind project site with Vestas’ flexible and diverse product portfolio. We firmly believe that our partnership can make a significant contribution to a more reliable, affordable and sustainable energy mix in South Africa“, says Vestas Sales & Business Development Senior Director, Malte Meyer.
Turbine delivery and commissioning are expected by 2024.
Vestas leads the South African wind power market with over 1.3 GW of installed and under construction capacity. The company is strongly committed to contribute to South Africa’s new renewable energy targets, which include reaching 17.7 GW of wind capacity by 2030 and increasing the presence of renewables in its energy mix from the current 11 per cent to about 41 per cent by 2030.
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About Vestas:
Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 164 GW of wind turbines in 87 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 144 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 28,000 employees are bringing the world sustainable energy solutions to power a bright future.
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