Tuesday, 29 July 2014
Last updated 7 hours ago
Nov 11 2009 | 9:04am ET
Siemens Energy will supply 70, 2.3MW wind turbines to the Mexican wind energy developer Grupo Soluciones en Energias Renovables in a deal worth over $270 million.
The turbines are for the 160MW Los Vergeles wind farm in Tamaulipas, Mexico, expected to provide clean power to 43 municipalities in the state of Tamaulipas.
Under the terms of the deal, Siemens will deliver, install and commission the turbines, with delivery expected to be completed by November 2010. Siemens has also signed a five-year operation and maintenance (O&M) agreement for the project.
Andreas Nauen, CEO of the Siemens Wind Power business unit, said the order was the largest to date for the company’s new SWT-2.3-101 wind turbines. With a diameter of 101 meters, the rotor of the new SWT-2.3-101 has a swept area of 8,000 square meters, the equivalent of one-and-a-half football fields.
Wind power represents a significant portion of Siemens’ environmental portfolio, which provided a quarter – EUR 19 billion ($29 million) –of the company’s total revenue in 2008.
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…