Senvion S.A.: Senvion's contracted capacity exceeds 120 MW in Argentina

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

24.05.2018 / 15:25
The issuer is solely responsible for the content of this announcement.


 

Senvion's contracted capacity exceeds 120 MW in Argentina
24 MW project Kosten highlights rapid growth in South America

Hamburg: Senvion, a leading global manufacturer of wind turbines, announced the achievement of its second firm contract in Argentina, bringing its total firm contracted capacity in the country to over 120 megawatts (MW). Since its regional market entry in the spring of 2016, Senvion has entered into firm contracts for about 420 MW of turbines in South America.

The signature seals the deal for the delivery of six Senvion 3.4M114 NES and one 3.6M114 NES turbines, totaling 24 MW, to the Kosten wind farm developed by Grenergy Renovables S.A.. The turbines will be installed at a hub height of 93 meters. They have been specifically adapted to the Kosten site which experiences frequent wind peaks. A soft cut-out mechanism optimizes their power curve under these conditions, thus leading to greater efficiencies and higher yields.

Senvion helped secure financing for the Kosten project, which is located in Chubut, a province in Patagonian Argentina between the Andes Mountains and the Atlantic Ocean. This wind farm will supply approximately 16,500 households with clean renewable electricity. It will be built by Senvion on a full EPC basis and operated under a long-term Integrated Service Package (ISP) of minimum 10 years. Completion of the wind farm is planned for spring 2019.

Kumar Manav Sharma, Chief Executive Officer at Senvion, said: "Senvion's continued success in Argentina demonstrates our growth strategy through geographic expansion. This approach also leads to further success in other regions where the company is also focused."

David Hardy, Chief Sales Officer at Senvion, said: "Signing this new contract shows Senvion's accelerating momentum in South America. It also puts us in a strong position to further increase our market share in the region. We are particularly pleased to deepen and expand our already excellent relationship with Grenergy Renovables S.A."

All of the Argentinian projects that Senvion has contracted so far were awarded a PPA in the RENOVAR Round 1 tender in October 2016. A total of 1,142 megawatts (MW) of different technologies were purchased (of which 707 MW were wind projects).

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
email: immo.von.fallois@senvion.com
 
 

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


 


24.05.2018 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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