Senvion converts 86 MW of Australian wind farm into firm order

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

DGAP-Media / 2018-12-10 / 08:00 
 
*Senvion converts 86 MW of Australian wind farm into firm order* 
 
*Melbourne/Hamburg:* Senvion has secured the Notice to Proceed with the 
construction of Stage 2, adding 86 MW to Nexif Energy's Lincoln Gap Wind 
Farm near Port Augusta in South Australia. Construction of Stage 1 is well 
underway and will feature 35 Senvion turbines. Stage 2 will see an 
additional 24 turbines installed and operating by mid-2020 adding 86 MW of 
generating capacity to the project. 
 
When complete, the Lincoln Gap wind farm will comprise 59 Senvion 3.6M140 
turbines. Stages 1 and 2 combined will have a total generating capacity of 
over 212 MW, producing enough energy to power 155,000 households in South 
Australia. 
 
Nexif Energy has issued Senvion with Notice to Proceed and construction of 
Stage 2 of the project will now commence. 
 
*David Hardy, Executive Director and CSO of Senvion,* said: "We are pleased 
to have secured the official go-ahead to deliver the second stage of the 
Lincoln Gap Wind Farm. This is a great affirmation of the performance of our 
local team and we are very pleased about the ongoing cooperation with Nexif 
Energy. We are also committed to continue to work closely with the local 
community to provide opportunities for businesses and individuals to benefit 
from this important project." 
 
*Srinivas Rao, EVP, Projects and Operations of Nexif,* said: "We are pleased 
to extend our relationship with Senvion on the Lincoln Gap project. 
Australia is a very competitive market and Senvion's technology package and 
turn-key approach has greatly contributed to the success of this complex 
wind farm project. Lincoln Gap Wind Farm, when constructed, will represent a 
total investment of more than $480 million by Nexif Energy in Australia." 
 
Senvion announced the 300 MW conditional contract with Nexif Energy for the 
Lincoln Gap and Glen Innes wind farms in February 2017. Stage 1 of Lincoln 
Gap was converted into a firm order in November 2017. 
 
*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, Spain, 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 in the Prime Standard of the Frankfurt Stock Exchange. 
 
*About Nexif:* 
Nexif Energy was established in August 2015 by Nexif, a Singapore-based 
independent power management company, and Denham Capital, a leading global 
energy-focused private equity firm with almost $10 billion across multiple 
fund vehicles. The company aims to develop, finance, construct and 
opportunistically acquire conventional and renewable power generation assets 
across Australia and South-East Asia. For more information visit 
www.nexifenergy.com 
 
More information about the Lincoln Gap wind farm is available from: 
http://lincolngapwindfarm.com.au/ [1] 
 
*Vice President Capital Markets and Public Relations* 
Dhaval Vakil 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*Manager Communications & External Affairs* 
Megan Wheatley 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
End of Media Release 
 
Issuer: Senvion S.A. 
 
2018-12-10 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:    [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 
 
755579 2018-12-10 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3c1f71e37babbd0233dc171d075ca275&application_id=755579&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 10, 2018 02:00 ET (07:00 GMT)