DGAP-News: Senvion S.A. / Key word(s): Contract
Senvion wins firm framework over more than 500 MW in India
Hamburg/Mumbai: Senvion, a leading global manufacturer of wind turbines, has concluded its first contract in India for the supply of 220 Senvion turbines totaling more than 500 megawatts (MW) under a firm framework agreement with one of the large Indian IPPs. The 220 turbines will consist of turbines from the recently acquired Kenersys portfolio. Turbines are planned for installations starting in Q4 2017 until 2019 with commissioning of the first site by the end of 2017.Once the whole framework agreement is delivered it will produce enough green energy to power more than 700,000 Indian households. A Senvion service center in India is already set up and will be responsible for turbine maintenance for 10 years.
Jürgen Geissinger, CEO of Senvion, said: "Earlier this year we announced our decision to enter the Indian market. Now we are proud to present this firm framework agreement that is the start of a strong future cooperation. This contract emphasizes our planned growth story in India."
Amit Kansal, Managing Director of Senvion India, said: "This is a milestone agreement for Senvion in India. We are in a great position to contribute towards the India's renewable energy targets with our technology. Simultaneously we are working relentlessly to reduce LCoE of wind energy and also building stable relationships with our customers".
The Indian subsidiary of Senvion started its operations in Mumbai in February 2016 and has already established a strong sales, project and service team. Additionally, in August 2016, Senvion announced the acquisition of the assets of the Indian wind turbine manufacturer Kenersys. The wind turbines K100 (2.6 MW), K110 (2.4 MW). K110+ (2.6 MW) and K120 (2.3 MW) are part of the planned acquisition.
Investor Relations contact Senvion:
|46a, avenue John F. Kennedy|
|Grand Duchy of Luxembourg|
|Phone:||+352 26 00 5305|
|Fax:||+352 26 00 5301|
|ISIN:||LU1377527517, XS1223808749, XS1223809390|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxemburg|
|End of News||DGAP News Service|