Senvion and CRRC Zhuzhou Electric sign strategic framework contract for generators

DGAP-News: Senvion S.A. / Key word(s): Contract

18.10.2017 / 11:30
The issuer is solely responsible for the content of this announcement.



Senvion and CRRC Zhuzhou Electric sign strategic framework contract for generators
CRRC Zhuzhou Electric to supply significant share of generators for Senvion 3.7M144

Hamburg/Beijing: Senvion, a leading global manufacturer of wind turbines, has today signed a framework contract with its supplier CRRC Zhuzhou Electric Co., Ltd (a primary subsidiary of CRRC Group, hereinafter referred to as CRRC) at China Windpower fair in Beijing. The contract covers the delivery of generators for the NES based Senvion 3.XM series. It foresees that CRRC will provide a minimum of 50% of generators for the 3.7M144, at least 100 pieces in the next three years.

Jürgen Geissinger, CEO at Senvion, said: "As one of the major wind industry players worldwide, efficient purchasing deals that create scale effects whilst ensuring highest quality are  strategically crucial steps towards a more optimized technology. With this cooperation together with CRRC Zhuzhou Electric Co., Ltd for generators, that will power our 3.XM series turbine of the future at the best conditions, Senvion will reach the next step of our goals."

CRRC is one of the largest traction equipment and wind power generator manufacturers in China. Zhou Junjun, President at CRRC Zhuzhou Electric, said: "Being one of the largest wind power generator manufacturers with the strongest R&D and manufacturing capability in China's wind power market, CRRC Zhuzhou Electric Co., Ltd will adhere to its high quality pursuit and ensure product delivery and service performance based on its rich engineering experience and strong test and validation capability. Following Senvion's Global footprint, we aim to become Senvion's strategic cooperation partner for existing and new markets."

Senvion has announced to follow the goal of achieving ‎the best LCoE with experienced suppliers at highest quality standards. The strategic cooperation with CRRC will contribute to this goal.

About Senvion:
Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.15 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in Żory-Warszowice, Poland and Baramati, India. With approximately 4,500 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 7,500 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India, Chile and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange.

 

Senvion Press contacts:
Immo von Fallois
phone: +49 40 5555 090 3770
mobile: +49 172 6298 408
email: immo.von.fallois@senvion.com
 
 

Marie-Danielle Laggner
phone: +49 40 5555 090 3040
mobile: +49 172 27 67 793
email: marie.laggner@senvion.com

Senvion Investor Relations contact:
Dhaval Vakil
phone: +44 20 3859 3664
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com



18.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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