Senvion signs 340 MW conditional wind turbine contracts with Mainstream Renewable Power in Chile

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

DGAP-Media / 2018-12-21 / 08:00 
 
*Senvion signs 340 MW conditional wind turbine contracts with Mainstream 
Renewable Power in Chile* 
 
- Repeat order from Mainstream comprises largest order for newly launched 
4.2M platform 
 
- Represents one of biggest ever Chilean wind turbine contracts 
 
*Hamburg: *Senvion has signed conditional orders with global wind and solar 
development company Mainstream Renewable Power Ltd ("Mainstream") for 81 
Senvion 4.2 MW turbines in Chile. The project scope includes the delivery, 
installation and commissioning of 37 Senvion 4.2M148 turbines for the 
Tchamma project and a further 44 Senvion 4.2M118 turbines for the Cerro 
Tigre project. Senvion and Mainstream signed a long-term full-service 
contract for the period of 20 years with the option to be extended. 
 
The contracts are the largest order intake for the newly launched Senvion 
4.2M148 and will likely become firm in 2019. These projects comprise the 
first of three phases for Mainstream's fully-contracted 1.3 gigawatt wind 
and solar platform awarded to the company in the Chilean energy auction in 
August 2016. The installation of the projects of the first phase is planned 
for 2020. The further optimizations of the supply chain add benefit to the 
timeline and calculation of the new projects. 
 
*David Hardy, Executive Director and CSO of Senvion*, said: "We are very 
glad to have signed the contracts for the projects in Chile. It is a great 
success and the result of our global strategic approach. Due to the new 
modular products and the heightened efficiency of our supply chain, we are 
most competitive in important growth markets as Chile and Argentina. 
 
*Manuel Tagle, General Manager for Mainstream Renewable Power in Chile*, 
said: "The signing is a solid step towards reaching financial close for the 
projects early in 2019 and we are firmly on track to deliver them into 
commercial operation in 2021. We are delighted to announce the execution of 
contracts with Senvion for the first projects in our fully-contracted 1.3 
gigawatt wind and solar platform which was awarded to us in the Chilean 
energy auction in 2016." 
 
He continued: "We are happy to be working with Senvion again following a 
positive experience with our Sarco and Aurora wind farms and this wind 
turbine supply contract is particularly significant given it is one of the 
largest ever signed in Chile." 
 
*Toralf Pohl, Vice President New Markets at Senvion, *added: *"*That we have 
won a further large-scale order from a global developer as Mainstream is of 
course a reward for the hard work of our team in Chile and their on-site 
management. We want to thank Mainstream for their continuous trust and are 
looking forward to possible further expansions of our cooperation." 
 
With the signing of these conditional contracts, the total order intake 
(firm and conditional) of Senvion in Chile increases to 853 MW and further 
entrenches the company's market share gain. 
 
*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, Spain, 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 Mainstream Renewable Power:* 
Mainstream Renewable Power is the leading global developer of utility-scale 
wind and solar power plants in high-growth markets. The company is focused 
on delivering a high-quality portfolio of more than 9 gigawatts of wind and 
solar assets across Latin America, Africa and Asia. In Chile, Mainstream 
owns 1.3 GW of fully contracted wind and solar projects due to its 
unprecedented success in government auctions. Globally, the company has 
delivered more than 800 MW of wind and solar assets into commercial 
operation and is currently constructing a further 707 MW. Mainstream is 
developing the largest wind farm in South East Asia in Vietnam as well as 
projects in the Philippines. 
 
Mainstream has raised more than EUR1.8bn in project finance to date and 
employs 160 staff across four continents. The company has developed the 
world's largest offshore wind projects; the Hornsea 1 and Hornsea 2 projects 
in the UK. 
 
*Please direct enquiries to* 
 
*SENVION 
Vice President Capital Markets and Public Relations* 
Dhaval Vakil 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*SENVION 
Senior Manager Corporate Communications* 
Katrin Rosendahl 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*MAINSTREAM 
Corporate Affairs Manager, Chile* 
Alejandra Alvarez 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*MAINSTREAM 
Head of Corporate Communications* 
Emmet Curley 
Phone: [phone] 
Email: [e-mail] 
 
End of Media Release 
 
Issuer: Senvion S.A. 
 
2018-12-21 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, 
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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 
 
761207 2018-12-21 
 
 

(END) Dow Jones Newswires

December 21, 2018 02:00 ET (07:00 GMT)