Senvion's contract for Los Hercules in Argentina becomes firm

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

20.12.2017 / 10:12
The issuer is solely responsible for the content of this announcement.

Senvion's contract for Los Hercules in Argentina becomes firm
Strong partnership with EREN RE enabled financial close of 97 MW project within few weeks

Hamburg: Senvion, a leading global manufacturer of wind turbines, announced its contract for the supply and delivery of 27 Senvion 3.6M114 NES turbines with EREN Renewables ("EREN RE") in Argentina has become a firm contract. All conditions precedent have been fulfilled. 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.

David Hardy, Chief Sales Officer at Senvion, said: "Strong partnerships make a real difference when entering new markets together. The very good relationship with EREN RE and the trust they have put in Senvion have facilitated an environment of quick and efficient cooperation. We are looking forward to the further positive development of the project with EREN RE that has until now lead to a financial close in record time, despite challenging market conditions. I am also proud of Senvion's entry into the Argentina market; a market we see strong potential for growth in the future."

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.

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.

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

Marie-Danielle Laggner
phone: +49 40 5555 090 3040
mobile: +49 172 27 67 793

Senvion Investor Relations contact:
Dhaval Vakil
phone: +44 20 3859 3664
mobile: +44 7788 390 185

20.12.2017 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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Senvion's contract for Los Hercules in Argentina becomes firm (PDF)