Siemens Wins North American Turbine Orders Worth $900M in Past Month

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."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of