Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-09-10 / 12:11
*Senvion signs 2nd contract in August for the US market*
*Hamburg: *Senvion and Heritage Sustainable Energy have executed an 80 MW
agreement for the supply and delivery of Garden II. The first 20 MW are
already firm followed by a conditional 60 MW. The agreement includes a 21
year full service contract.
The Garden II project consists of 20 Senvion 4.0M140 turbines with a hub
height of 82 meters. The installation of phase one will start in 2019, the
second phase in 2020. The project is located in Delta County, Michigan. The
state supports the strategic expansion of renewable energies targeting a 25%
renewable energy goal by 2030.
"We are excited to continue working with such a respected partner as
Heritage. With this project, we will support Michigan's ambition to reach
their renewable energy goal. Garden II is further proof that wind energy is
competitive and cost-effective even in medium-wind regions", says Lance
Marram, CEO North America of Senvion.
"Heritage is extremely pleased to expand the business relationship with
Senvion. Senvion has proven to be a reliable and competent long term partner
at our existing wind farms. We are very confident that these next generation
"state of the art" Senvion turbines will generate considerably more
electricity at reduced cost, a great benefit for the environment and the
people of the state of Michigan", adds Marty Lagina, Founder and Chief
Executive of Heritage Sustainable Energy.
*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 4,000
employees worldwide, the company makes use of the experience gained from the
manufacture and installation of more than 7,900 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 Heritage Sustainable Energy*
Heritage Sustainable Energy, LLC was formed in 2004 as a renewable energy
provider. To date, the company has successfully developed a series of wind
and solar projects in Michigan, installing enough capacity to power the
equivalent of 57,000 average Michigan homes every year. Heritage operates a
total of 139.2 megawatts (MW) of installed renewable energy capacity, with
hundreds of MW in their project pipeline, continuing with its commitment to
help reduce Michigan's dependence on conventional energy sources. The
company has also contributed planning and other resources to other energy
providers, resulting in the installation of hundreds of MW of additional
wind energy generation.
*Vice President Capital Markets and Public Relations*
Dhaval Vakil
phone: +44 20 3859 3664
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com
*Senior Manager Corporate Communications*
Katrin Rosendahl
phone: +49 40 5555 090 3040
mobile: +49 173 3687 185
email: katrin.rosendahl@senvion.com
End of Media Release
Issuer: Senvion S.A.
Key word(s): Energy
2018-09-10 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: +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
721991 2018-09-10
(END) Dow Jones Newswires
September 10, 2018 06:11 ET (10:11 GMT)
