AREVA wins 400 million euros Wind Farm Contract in Germany

Tuesday, December 28, 2010      
 

AREVA has won a contract worth 400 million euros with Trianel, an association comprising German urban electric utilities, to supply forty 5 MW M5000 turbines for the Borkum West II offshore wind farm located in the North Sea.

Under the terms of the agreement, AREVA will also provide commissioning, testing and maintenance services. Foundations, transport and erection offshore are excluded from the scope. The contract comprises an additional forty M5000 turbines within the year 2011.

Situated 45 km off the northern coast of the island of Borkum, Borkum West II is the biggest wind-energy project in the German North Sea. It is directly adjacent to Alpha Ventus, Germany's pilot offshore wind farm where AREVA supplied 6 wind turbines.

Operations are scheduled to start at the turn of the year 2012/2013. Once completed, the turbines will generate a total output of 200 MW, enough to provide some 200,000 households with green electricity.

Anil Srivastava, CEO of the AREVA Renewables, said:
'AREVA is thrilled to have jointly developed an efficient offshore solution with Trianel. We are pleased that eleven leading banks have committed to finance this project. We look forward to the successful deployment of our state-of-the-art offshore wind turbines with long-term services essential for the wind farm's management.'

Mr. Horstick, Managing Director of Trianel, declared: 'Trianel's decision to invest in the Borkum West II project confirms the trust in the quality and the reliability of the offshore wind turbines designed and manufactured by AREVA.'

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Germany West Europe North Sea


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


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