19 Jul '12, 10am

Dong inks huge offshore wind turbine deal with Siemens (estimated at €2.5bn) for UK wind farms

Siemens' plans for a new wind turbine manufacturing facility in the UK have taken a significant step forward, after the company announced it has inked a major new offshore-turbine supply deal with developer DONG energy. The two companies have signed a framework agreement that will see Siemens supply 300 of its 6MW offshore turbines to offshore wind-farm projects planned by DONG for UK waters between 2014 and 2017. FURTHER READING UK buoys up booming offshore wind market CBI voices “mounting frustration” over delay to renewables subsidy decision The financial details of the deal were not disclosed, but analysts estimate that offshore turbines typically cost around €1.4m per MW, putting the total cost of the 1,800MW at €2.52bn. "The agreement will enable DONG Energy to install a significantly larger turbine from 2014 compared with the turbines we know today," said acting DON...

Full article: http://www.businessgreen.com/bg/news/2192875/dong-energy-...

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