Monday, 28 July 2014
Last updated 12 hours ago
Oct 14 2009 | 9:06am ET
Siemens Energy has been awarded six new wind turbine orders in North America over the last month: two in Canada and four in the United States., totaling more than 565MW rated capacity.
In Ontario, Canada, Siemens will supply 44 units of its 2.3-MW rated wind turbines for Kruger Energy's Chatham wind farm and 22 wind turbines for the Gosfield wind farm, owned by Brookfield Renewable Power Fund.
In the U.S., Siemens will provide Competitive Power Ventures (CPV) with 66 wind turbines for the Keenan II wind farm in Oklahoma; Duke Energy with 44 wind turbines for its Top of the World project in Wyoming; Cannon Power Group's Windy Flats Extension wind farm with 26 wind turbines in Washington State; and Pattern Energy with 44 wind turbines for its Hatchet Ridge project in California.
Together, these projects have the potential to provide clean power to approximately 170,000 North American homes. The total value of the six orders is more than USD900 million.
"These orders prove that the wind industry's fundamentals are still strong even in times of an economic downturn," said Siemens energy sector CEO Wolfgang Dehen in a statement. "The continuing support for renewable energy from the administrations in the U.S. and Canada is having a positive effect on wind project development. We are confident that the industry will get back on its growth track soon."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…