Senvion wins first deal in Argentina totalling 97 MW
Hamburg: Senvion, a leading global manufacturer of wind turbines, has secured an agreement for its first partnership in Argentina with EREN Renewable Energy ("EREN RE") for the supply and delivery of 27 Senvion 3.6M114 NES turbines. The project, developed and owned by EREN RE, was awarded a PPA in the RENOVAR Round 1 tender in October 2016. A total of 1,142 megawatts (MW) of different technologies were awarded of which 707 MW were wind projects. The project is still under development and has certain conditions precedent.
After the planned completion of the project, Los Hercules wind farm will see a total rated output of 97,2 MW. The wind farm will be built by Senvion on a full EPC basis. The turbines will be installed at a hub height of 93 meters. The completion of the project is planned for December 2018. Los Hercules wind farm will be located in the Deseado department in the southern province of Santa Cruz and after its completion will be able to supply around 64,000 households with green electricity per year.
Jürgen Geissinger, CEO of Senvion, said: "Senvion is expanding successfully - both in terms of technology as well as in terms of geography. Los Hercules demonstrates both: We developed the 3.6M114 last year because we considered it the best turbine for key regions in the world and this latest agreement proves that the decision was right. At the same time, Senvion is entering the Argentinian market and herewith strengthens the newly won position in the Southern Cone of South America."
In April 2016, Senvion announced its first South American project for over 299 MW in Chile that achieved its financial close in August 2017. Senvion now has an established local presence in the region with offices in Santiago de Chile and Buenos Aires
Fabienne Demol, Executive Vice-President - Global Head of Business Development at EREN RE, said: "We are glad to partner with Senvion for this flagship project, and are convinced of its future successful execution. EREN RE is a fast-growing global Independent Power Producer with 650 MW of projects in operation and under construction. Los Hercules highlights our capacity to offer competitive and best-in-class technical renewable energy solutions in Argentina, as we hope to further demonstrate in the next few months in the country and regionally."
The Senvion 3.6M114 was presented at WindEnergy Hamburg 2016. It has an upgraded power yield of roughly 2.5 per cent compared to the 3.4M114 NES and is particularly fitting for projects with restricted maximum tip heights at strong wind locations.
Senvion Investor Relations contact:
End of Media Release
Issuer: Senvion S.A.
Key word(s): Energy
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