Senvion leads Innovation-Consortium

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

07.05.2018 / 10:00
The issuer is solely responsible for the content of this announcement.

Senvion leads Innovation-Consortium

Development of next generation 10+ MW offshore wind turbines

The winning team around Senvion includes 14 major offshore stakeholders

The ReaLCoE project led by Senvion serves the strategic mission to develop the "Next Generation 10+MW rated, Robust, Reliable and Large Offshore Wind Energy Converters for Clean, Low Cost and Competitive Electricity". The team gathered around Senvion includes 14 major stakeholders (e.g. ABB AB, Danmarks Tekniske Universitet, EnBW Energie Baden-Württemberg AG, Jan De Nul NV) along the complete value chain of the offshore wind energy sector.

ReaLCoE's vision is "to unleash the full potential of offshore wind energy to be in direct competition with conventional energy sources in electricity markets worldwide". This project turns this vision into reality through the vertical integration of the value chain, by moving from sequential to modular and parallel development, testing and certification while engaging in new forms of collaboration.

Dr. Jürgen Geißinger, CEO of Senvion, expects ReaLCoE to result in much quicker time to market and LCoE improvements that will allow offshore wind energy to directly compete in electricity markets. "Increased operational lifetime and lower service requirements will substantially reduce LCoE. The robust, reliable and modular turbine design allows to customize wind turbines easily for different markets and client requirements".

Starting from 1 May 2018 and for the next three and a half years, Senvion will lead the implementation of ReaLCoE, a pan-European R&D project funded by the European Commission within the Horizon 2020 program. The successful prototype operation is succeeded by the installation of a pre-series array in a real offshore environment by 2021, which will validate the developed concept.

The contribution foreseen by the European Commission inaugurates a new partnership between leading institutions and companies. The project will secure Europe's front runner position in the offshore wind energy industry generating growth and jobs through healthy competition in the global offshore wind turbine market.

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 6.33 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
Holger Koschorz
Phone.: +49 40 5555 090 3219
Mobile: +49 173 275 4413

Senvion Investor Relations contact:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185

07.05.2018 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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