Senvion signs a second agreement for 50 MW with Total Eren

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

DGAP-Media / 2018-07-11 / 08:00 
 
*Senvion signs a second agreement for 50 MW with Total Eren 
Strengthened footprint in Argentina reflects the company's global growth 
strategy* 
 
*Hamburg*: Senvion today announced a new firm agreement, which includes the 
supply and delivery of another 14 Senvion 3.6M114 turbines in Argentina. The 
"Malaspina" project is the second full Engineering, Procurement and 
Construction (EPC) deal with Total Eren, a French developer of solar and 
wind energy projects. Total Eren secured a Power Purchase Agreement (PPA) on 
the electricity produced. 
 
Senvion will provide 14 turbines that deliver a total rated output of 50.4 
MW for the Malaspina project at the east coast of Argentina. The location is 
known for its high wind speeds, which makes the Senvion 3.6M114 with a rotor 
diameter of 93 meter the right choice. The 3.6M turbine has been developed 
to ensure the highest economic efficiency at such challenging locations. The 
installation is scheduled to start in the first half-year 2019. 
 
*David Hardy, Executive Director and Chief Sales Officer at Senvion, said*: 
"We are pleased to announce a further construction in Argentina. It reflects 
Senvion's global growth strategy and thus our commitment to the promising 
wind market in Argentina and South America as such. With securing the second 
cooperation with Total Eren, a leading and skillful player of the renewable 
energy industry, we are furthermore able to confirm our strive for 
sustainable and reliable partnerships." 
 
*Fabienne Demol, Executive Vice-President - Global Head of Business 
Development of Total Eren, stated*: "We are delighted to partner again with 
Senvion for the construction of our second wind project in Argentina. 
Malaspina confirms Total Eren's strong and continuous efforts to expand its 
renewable energy capacity in a country where we are active with 150 MW of 
wind projects and 30 MW of solar projects under construction." 
 
Senvion is currently agreeing on final terms of further agreements in South 
America. The company is establishing a close network of experienced partners 
in Argentina and Chile since its market entry in 2016. Senvion is committed 
to further expanding its office in Buenos Aires as a result of recent strong 
successes in Argentina. 
 
The agreement is part of Senvion's order intake of the second quarter 2018. 
 
*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. 
 
*About Total Eren:* 
Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren has built 
up a substantial and diversified portfolio of wind, solar and hydroelectric 
assets representing an installed gross capacity of more than 950 MW in 
operation or under construction worldwide. Through partnerships with local 
developers, Total Eren is currently developing numerous energy projects in 
countries and regions where renewable energy represents an economically 
viable response to growing energy demand, such as in Asia-Pacific, Africa 
and Latin America. Its objective is to achieve a global net installed 
capacity of more than 3 GW by 2022. On 1 December 2017, Total, the major 
energy company, has acquired an indirect 23% interest in Total Eren. To 
learn more: www.total-eren.com [1] 
 
*Senvion Press contact:* 
Immo von Fallois 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
Katrin Rosendahl 
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 
 
2018-07-11 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, 
Financial/Corporate News and Press Releases. 
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, Luxembourg Stock Exchange, 
          , 
 
End of News DGAP Media 
 
703211 2018-07-11 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8df4693754da2af47c34eb063e9570ef&application_id=703211&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

July 11, 2018 02:00 ET (06:00 GMT)