Senvion signs agreement in Spain for up to 300 MW

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

DGAP-Media / 2018-08-09 / 11:32 
 
*Senvion signs agreement in Spain for up to 300 MW 
245 MW is already part of conditional order book* 
 
*Hamburg/Madrid: *Senvion has signed an agreement which includes the 
delivery of turbines for up to 300 MW projects in Spain with Alfanar, which 
received the largest wind allotment of 720 MW. The installation and 
commissioning is planned in 2019. The agreement also covers a 20-year full 
maintenance service for all turbines. This is the second agreement with 
Alfanar after signing 300 MW in India. 
 
Senvion will supply a broad range of products including the new turbine 
types 3.XM140 and 4.2M140, that perfectly suit the various characteristics 
of the projects spread across Spain. For the execution of the projects, 
Senvion Iberica will further expand its team of industry experts, project 
managers and service technicians. 
 
In line with the drive to ensure 20% of energy to be generated through 
renewable sources by 2020, the Ministry of Energy of Spain, OMEL, through 
the Royal Decree 650/2017 dt. 16-06-2017, held the renewable energy auction 
on 26-07-2017 for a quota of 3 GW of new renewable energy installations. 
 
*Manav Sharma, acting Chief Executive Officer at Senvion, says:* "We are 
delighted to sign the second contract with Alfanar this year and to 
successfully reenter into the Spanish market. This emphasizes Senvion's 
aspiration to globally accompany its clients with a local approach in growth 
markets as India or Spain. The successful signing of the agreement also 
demonstrates the competitiveness of our modular product portfolio." 
 
*Olivier Perot, Managing Director of Senvion Europe South, adds*: "We thank 
Alfanar for its trust in Senvion. We are excited to further strengthen our 
Senvion Iberica team and our local supply chain. Thanks to its high-quality 
products and services, Senvion Iberica is dedicated to meet the customer's 
requirements in Spain and support the growth of the market." 
 
*Jamal M. Wadi, Chief Executive Officer of Alfanar Energy, said: *"As a 
global energy development company, Alfanar is targeting to develop 9.000 MW 
globally by 2025. The auction in Spain was a gateway for Alfanar to enter 
into European market and we are glad that we will have global operational 
assets close to 1.84 GW by the end of 2019. After successful collaboration 
in India, we are very pleased to expand our existing cooperation with 
Senvion with the projects in Spain. We are confident that Senvion will 
deliver the turbines within the prescribed timelines and this order will 
help Senvion to establish its strong market presence in Spain. " 
 
*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 Alfanar:* 
alfanar Company was established in 1976 in Riyadh, Saudi Arabia and is today 
one of Middle East' leading player in the Energy sector with a turnover of 
more than $2.5 billion Alfanar is one of the largest EPC contractor in the 
Energy Sector in Middle East, the largest manufacturer of electrical 
products in GCC region. Alfanar has a strong track record of electrical 
infrastructure projects such as power generation, substations, overhead 
lines, underground cabling, construction, Engineering Services and energy 
IPP and IWP developments and investments. The other major subsidiaries of 
the group like Alfanar Engineering Services and Alfanar BENA hold the 
highest market share in the Middle East Region. 
 
Alfanar has permanent presence in Spain since 2015 through its affiliate 
ZIV, a leading technology company for substations, electrical transmission 
lines, metering and advanced smart grid technologies. Alfanar corporate 
website: www.alfanar.com [1] 
 
*Alfanar Energy- Development:* 
Alfanar Energy is a 100% subsidiary of Alfanar Group. It has been one of the 
most active global developers in recent years in the field of renewable 
energy (PV, CSP, Wind technologies, Waste to Energy projects and Energy 
Storage) and IWP (Independent Water Projects. Alfanar Energy, is solely 
focused on enriching the value chain of project development inclusive of 
development, financing, design, EPC, testing & commissioning and Operation & 
maintenance for Conventional/renewable/water projects globally. Alfanar's 
Renewable target by 2020 in Spain is 2 GW. To accomplish such ambitious 
objective, Alfanar has set up collaboration agreements with various Spanish 
RE developers. Alfanar affiliate Alfanar Energia España leads the regional 
development and investment of Alfanar. 
Contact: [e-mail] / [phone]. 
 
*Senvion press contacts:* 
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 
 
2018-08-09 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 
 
712509 2018-08-09 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=88dc0a6d6df49dbadbf2ca7ebb32db43&application_id=712509&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

August 09, 2018 05:33 ET (09:33 GMT)