Saturday, 30 August 2014
Last updated 17 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...