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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: AESpain@alfanar.com / +34 91 010 68 73.
*Senvion press contacts:*
Immo von Fallois
phone: +49 40 5555 090 3770
mobile: +49 172 6298 408
email: immo.von.fallois@senvion.com
Katrin Rosendahl
phone: +49 40 5555 090 3040
mobile: +49 173 3687 185
email: katrin.rosendahl@senvion.com
*Senvion Investor Relations contact:*
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com
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.
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Language: English
Company: Senvion S.A.
46a, avenue John F. Kennedy
L-1855 Luxembourg
Luxemburg
Phone: +352 26 00 5305
Fax: +352 26 00 5301
E-mail: press@senvion.com
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
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(END) Dow Jones Newswires
August 09, 2018 05:33 ET (09:33 GMT)
