Senvion wins first deal in Argentina totalling 97 MW

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DGAP-Media / 2017-10-03 / 17:15 
 
*Senvion wins first deal in Argentina totalling 97 MW 
 
South America becoming a key market after financial close for 299 MW in 
Chile* 
 
*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 
 
*David Hardy, Chief Sales Officer at Senvion, added*: "This positive news 
highlights our solid progress within this key market and we have strong 
ambitions to build on this success. The second round of the RENOVAR auctions 
are now underway and we believe we are well placed, both in terms of 
competitive product offering and with our tailored, local approach, to 
maximize the opportunities presented from this next phase." 
 
*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. 
 
*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 6.15 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 
Zory-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: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*Senvion Investor Relations contact:* 
Dhaval Vakil 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
End of Media Release 
 
Issuer: Senvion S.A. 
Key word(s): Energy 
 
2017-10-03 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
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Archive at www.dgap.de 
Language: English 
Company:  Senvion S.A. 
          46a, avenue John F. Kennedy 
          L-1855 Luxembourg 
          Luxemburg 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.senvion.com 
ISIN:     LU1377527517, XS1223808749, XS1223809390 
WKN:      A2AFKW 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, 
          Stuttgart, Tradegate Exchange; Dublin, Luxemburg 
 
End of News DGAP Media 
 
615439 2017-10-03 
 
 

(END) Dow Jones Newswires

October 03, 2017 11:15 ET (15:15 GMT)