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

Dow Jones received a payment from EQS/DGAP to publish this press release.

Senvion S.A. (IRSH) 
Senvion S.A.: Senvion's contracted capacity exceeds 120 MW in Argentina 
 
24-May-2018 / 15:36 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
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 
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] 
 
ISIN:          LU1377527517, XS1223808749, XS1223809390 
Category Code: CNT 
TIDM:          IRSH 
LEI Code:      549300WUKZSK5CX6SM09 
Sequence No.:  5581 
EQS News ID:   689397 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

May 24, 2018 09:36 ET (13:36 GMT)