Siemens Gamesa Renewable Energy (SGRE)

Siemens Gamesa signs first contract with Intrakat for 36.4-MW wind farm in central Greece

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Siemens Gamesa has signed a contract with construction company Intrakat for the first time, adding a new customer to its portfolio. It is a 36.4 MW agreement to supply 7 SG5.0-145 model turbines operating at 5.2MWs that will be installed in Viotia area, Greece.

The wind farm, called Karkaros, is scheduled to be commissioned during Autumn 2023. The contract with Intrakat also includes a full scope long-term service agreement for a period of 25 years.

The 36.4 MW of clean energy that the wind farm will produce will provide electricity to 30,000 households and it will help to avoid the emission of more than 92,000 tonnes of CO2 a year, the equivalent to the emissions of more than 50,000 vehicles. To achieve this CO2 saving, 1.5 million trees would need to be planted.

With this agreement, Siemens Gamesa reaches a total of 992 MW installed or under construction in Greece. The service fleet will account now for 680 MW in the country including services provided to other OEM wind turbines. The installation of the Karkaros project will offer different challenges, like the use of blade lifters for transportation, a technology that Siemens Gamesa has already used in Greece and other countries too.

“The agreement signed with Intrakat strengthens our position in Greece and gets us very close now to the milestone of having 1 GW installed or under construction in the country. We are also happy we have been able to add a new customer to our portfolio; I’m sure this will be the first of many more agreements to come with Intrakat,” said Spyros Rozis, Managing Director of Siemens Gamesa in Greece.

Greece offers one of the highest rates of expected renewable energy growth. The goal set by the government national quantitative targets are set for reducing greenhouse gas emissions by 55% by 2030 compared to 1990, by 80% by 2040, with the ultimate goal of climate neutrality by 2050. New renewable energy auctions in Greece are among the measures that will play a key role in achieving the goal of increasing the share of RES by 70% in final energy consumption by 2030.  

About Siemens Gamesa Renewable Energy

Siemens Gamesa is a global leader in the wind power industry, with a strong presence in all facets of the business: offshore, onshore and services. The company’s advanced digital capabilities enable it to offer one of the broadest product portfolios in the sector as well as industry-leading service solutions, helping to make clean energy more affordable and reliable. With 110 GW installed worldwide, Siemens Gamesa manufactures, installs and maintains wind turbines, both onshore and offshore. The company’s orders backlog stands at €30.1 billion. The company is headquartered in Spain and listed on the Spanish stock exchange (trading on the Ibex-35 index).

Siemens Gamesa signs first contract with Ascent Power for 26-MW wind farm in Greece

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Siemens Gamesa has signed a contract with Ascent Power for the first time, adding a new customer to its portfolio. It is a 26 MW agreement to supply 5 SG 5.2-145 model turbines, the first contract made by Siemens Gamesa in Greece with this model, that offers an extended nominal power of 5.2 MW, the most powerful Siemens Gamesa turbine in the country.

  • The company will supply 5 SG 5.2-145 turbines for a project in Sterea Ellada, with commissioning expected at the end of 2022
  • It is the first contract in Greece to feature this model with an extended nominal power of 5,2 MW, the most powerful Siemens Gamesa turbine in the country
  • It will supply enough clean energy to power more than 22,000 households and prevent the emission of nearly 70,000 tonnes of CO2
  • It includes a full scope long-term service agreement for a period of 22 years
  • Siemens Gamesa has close to 1 GW installed or under construction in Greece

The wind farm, called Vouno and located in Sterea Ellada, is scheduled to be commissioned at the end of 2022. The contract with Ascent Power also includes a full scope long-term service agreement for a period of 22 years.

The 26 MW of clean energy that the wind farm will produce will provide electricity to more than 22,000 households and it will help to avoid the emission of nearly 70,000 tonnes of CO2 a year, the equivalent to the emissions of more than 40,000 vehicles. To achieve this CO2 saving, just over one million trees would need to be planted.

With this agreement, Siemens Gamesa reaches a total of 917 MW installed or under construction in Greece. The service fleet will account now for 614 MW in the country. The installation of the Vouno project will offer different challenges, like the use of blade lifters, a technology that Siemens Gamesa has already used in Greece and other countries.

“We are delighted to have reached this first agreement with Ascent Power, the first of many to come in Greece, and to install for the first time in Greece this very specific model, the most powerful Siemens Gamesa turbine in the country, with an extended nominal power of 5.2 MW, showing once more our capacity of adapt to the specific requirements of our customers”, said Spyros Rozis, Managing Director of Siemens Gamesa in Greece.

“This is an exciting milestone for Ascent Power and we are very pleased to have agreed with Siemens Gamesa for suppling WTGs and O&M services for the Vouno project. We are looking forward to a successful project and shall remain committed to a long-term partnership which will contribute to the efforts of Greece in achieving the ambitious energy and climate targets for 2030”, said Loukas Lazarakis, CEO of Ascent Power.

Greece offers one of the highest rates of expected renewable energy growth. The goal set by the government national quantitative targets are set for reducing greenhouse gas emissions by 55% by 2030 compared to 1990, by 80% by 2040, with the ultimate goal of climate neutrality by 2050. New renewable energy auctions in Greece are among the measures that will play a key role in achieving the goal of increasing the share of RES by 70% in final energy consumption by 2030

About Siemens Gamesa Renewable Energy

Siemens Gamesa is a global leader in the wind power industry, with a strong presence in all facets of the business: offshore, onshore and services. The company’s advanced digital capabilities enable it to offer one of the broadest product portfolios in the sector as well as industry-leading service solutions, helping to make clean energy more affordable and reliable. With 110 GW installed worldwide, Siemens Gamesa manufactures, installs and maintains wind turbines, both onshore and offshore. The company’s orders backlog stands at €30.1 billion. The company is headquartered in Spain and listed on the Spanish stock exchange (trading on the Ibex-35 index).

 

Siemens Gamesa signs contract for 40-MW wind farm in Macedonia

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Siemens Gamesa has signed a 40-MW contract with Vendavel to supply eight SG 5.0-145 model turbines, one of the company’s most powerful onshore wind turbines, which is increasingly gaining ground in the country, and is especially suitable for sites with medium level winds.

The Vissima wind farm is located in Macedonia, northern Greece, and is scheduled to be commissioned in the last quarter of 2022. The contract with Vendavel also includes a long-term service agreement for a period of 20 years.

This is the second contract Siemens Gamesa has signed with Vendavel. The first one corresponds to the Melia project, a 35-MW wind farm which started producing energy at the beginning of this year.

The 40-MW of clean energy that the Vissima wind farm will produce will provide electricity to around 35,000 households. In addition, its size will help to avoid the emission of 105,000 tonnes of CO2 a year, the equivalent to the emissions of more than 60,000 vehicles. To achieve this CO2 saving, close to two million trees would need to be planted.

“The second agreement reached with Vendavel reflects our mutual confidence and will contribute to the growth of the wind energy sector in the country. It will also helping increase our presence in the Greek market, where we have installed 98 MW in the first half of this year, 38% of the total installed capacity in the country,” said Spyros Rozis, managing director of Siemens Gamesa in Greece.

Siemens Gamesa currently has 761 MW installed in Greece, with a market share of 17.4%, according to the latest available data from HWEA, the Hellenic Wind Energy Association.

Siemens Gamesa turbine, boosting low-wind site output, ideal for Greece

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Siemens Gamesa, a global leader in the wind power industry, has added a new turbine to its 4.X platform, the SG 4.7-155, combining the company’s expertise and track-record in the 4 MW segment with a 155-meter rotor and state of the art blades to significantly increase energy production at low-wind sites, the company has announced in a statement.

The SG 4.7-155 features make it a perfect fit for Greece, the statement noted, as the new turbine has a nominal power rating of 4.7 MW and is equipped with OptimaFlex technology, enabling it to operate between 4 MW and 5 MW depending on site conditions. The platform will be enhanced by one of the two rotors developed for the more powerful Siemens Gamesa 5.X platform, representing an important step forward in the company’s strategy to adopt the best technology across all its platforms.

The development of low wind turbines is especially important for already well-developed onshore wind markets, like Greece, where the space for higher wind sites is limited. By increasing the size of the rotors, wind turbines are therefore capable of providing a successful business case to produce higher clean energy production even with lower wind conditions.

The model will use a 76-meter blade made of fiberglass reinforced with pultrude carbon, integrating innovative aerodynamics to guarantee the best balance between high energy production and reduced noise emission levels.

Indeed, the Annual Energy Production in average low wind conditions is 5% higher than that of the SG 5.0-145. The turbine also has a low noise output of 105 decibels, making it suitable for countries with strict noise restrictions. In addition to these functionalities, the lifetime of the new turbine has been increased to 25 years from 20 years at IEC-Class 3 sites.

A prototype of the new model is expected to be ready by mid-2021, with the start of production planned for the end of 2021.

“The new model will make us much more competitive in Greece, complementing our SG 5.8-170 to offer our customers broader options depending on their project characteristics and needs. This type of modular approach using the best of our onshore innovation will help us lower the cost of energy for them and offer the best solutions for the energy transition,” said Siemens Gamesa managing director in Greece Spyros Rozis.

Siemens Gamesa maintains a strong presence in all facets of the wind power business: offshore, onshore and services. The company’s advanced digital capabilities enable it to offer one of the broadest product portfolios in the sector as well as industry-leading service solutions, helping to make clean energy more affordable and reliable.

With more than 107 GW installed worldwide, Siemens Gamesa manufactures, installs and maintains wind turbines, both onshore and offshore. The company’s orders backlog stands at €30.2 billion. The company is headquartered in Spain and listed on the Spanish stock exchange, trading on the Ibex-35 index.

Siemens Gamesa reaches agreement to acquire selected assets of Senvion

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Siemens Gamesa Renewable Energy, a global leader in the wind power industry, has reached an agreement to acquire selected European assets of Senvion Group for 200 million euros, the company has announced in a statement.

The assets included in the transaction are a large part of the European Onshore Service Business of the Senvion Group and all associated assets and operations to provide full service, all the Intellectual Property of Senvion, as well as the onshore blade manufacturing facility in Vagos, Portugal, the company announced.

Senvion’s European service assets will strengthen Siemens Gamesa’s capacity and potential in an important segment. The acquisition of a Service fleet of 8.9 GW from Senvion will take Siemens Gamesa to a total of nearly 69 GW under maintenance. The addition of these assets helps to diversify Siemens Gamesa’s business mix and geographical exposure with contracts that offer long-term visibility and renewal rates that have historically been very high.

The onshore blade manufacturing plant in Portugal is one of Europe’s most competitive manufacturing facilities. The Vagos plant promises to help strengthen Siemens Gamesa’s industrial value chain and reduce dependency on supplier sourcing from Asia, mitigating volatility amid the uncertainties brought about by current trade issues. The highly competitive facility is complementary to existing SGRE blade capacity, has a best-in-class operational features and will help to support international sales.

The intellectual property of Senvion allows Siemens Gamesa to further enhance its technology portfolio for future Siemens Gamesa development.

“This transaction is an important step forward for Siemens Gamesa,” said Markus Tacke, Chief Executive Officer. “Bringing Senvion’s service assets on board will help us to drive growth in a key market segment and add important capacity in Germany and other important European markets, while the blade factory helps us mitigate the risk in the difficult trade environment. We’re bringing good people and good business into the company and that’s a win for all parties.”

As part of the acquisition, approximately 2,000 Senvion employees are expected to join Siemens Gamesa.

Subject to obtaining the necessary regulatory approvals and achieving other closing conditions, Siemens Gamesa expects to close the respective acquisition of assets in the first half of the fiscal year 2020 (October 2019 – March 2020), and as a result it will have no impact on financial performance in fiscal 2019.

Siemens Gamesa doubles net income to €88m in nine-month period

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Siemens Gamesa Renewable Energy (SGRE) doubled net income to €88 million in the first nine months (October-June), net income in the third quarter reached €21 million, while sound commercial activity drove the backlog to more than €25 billion, the company has announced in a statement.

Revenue increased by 12% year-on-year in the first nine months of FY 2019, to €7,283 million, and by 23% year-on-year in the third quarter, to €2,632 million, driven by strong performance in all businesses, with record activity in offshore, the company reported.

Siemens Gamesa ended the first nine months of FY 2019 with EBIT pre-PPA and integration and restructuring costs of €475 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 6.5%. In the third quarter, EBIT pre-PPA and integration and restructuring costs amounted to €159 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 6.1%.

The main impact on profitability was persisting lower pricing in the order backlog during the period, emerging market volatility and execution challenges in some onshore projects, partly offset by synergies, improvements in productivity and higher year-on-year sales volume.

Net debt amounted to €191 million at 30 June, driven by the increase in working capital ahead of peak wind turbine activity in the fourth quarter.

Performance is in line with the guidance range for FY 2019 (revenues of €10,000-€11,000 million and EBIT margin pre-PPA and integration and restructuring costs of 7-8.5%), despite the third quarter being affected by emerging market volatility and execution challenges in some onshore projects.

Although short-term headwinds temporarily hamper group margins, Siemens Gamesa’s long-term prospects remain solid thanks to a record backlog, geographical and business diversification and one of the most competitive product portfolios, both onshore and offshore, the company noted.

Siemens Gamesa Renewable Energy will update on its competitive business strategy and performance in a Capital Markets Day during the first half of 2020, it noted.

Commercial activity remained sound during the period, supported by strong growth in all business units, particularly new offshore markets such as Taiwan, it pointed out.

The company attained a record well-balanced backlog of €25.1 billion (+8% YoY), driven by its highest-ever single-quarter order intake, amounting to €4.7bn, up 42% YoY, and sound order intake in the last twelve months amounting to €12.3bn, up 2.2% YoY. This lends visibility to the remainder of the fiscal year, with 98% of the mid-point of the revenue guidance covered at the 9-month mark, the company noted.

Despite this complex short-term industry environment, long-term prospects remain positive, with average annual wind installations set to roughly double through 2040, according to the International Energy Agency.

Siemens Gamesa is well positioned to benefit from growth drivers due to its leadership in offshore and strong position in emerging onshore markets, it added.

RES applications continue at steady rate, 2.5 GW in June

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Production license applications concerning new RES projects have continued at a steady rate, while the balance between various technologies has remained unchanged, industry figures for June have shown.

Solar energy production license applications, numbering 126 of the overall 215 submitted in June, continued to hold the lion’s share and represented 2.1 GW of the 2.5 GW total.

As for wind energy, license applications for 76 projects with a total capacity of 384.71 MW were submitted in June. A total of 12 small-scale hydropower applications were made for a capacity of 10.03 MW. One cogeneration, or combined heat and power (CHP), application representing a capacity of 2 MW was made.

A total of 14 companies submitted multiple applications representing 119 projects with a capacity of 1,757.5 MW, of which 196.9 concern wind energy stations.

The 14 multiple applicants were: Juwi Hellas, New Solar Developments, Hellenic Petroleum Renewable Energy Sources, Egnatia Group, European Solar Farms Greece, Thessaloniki Energy Solar, Serres Power, Verde, Terna Energy, Siemens Gamesa, ABO Wind Hellas, Rensol Energy PV, Karatzis and Peloponnisiakos Anemos.

Applications submitted to RAE, the Regulatory Authority for Energy, between December, 2018 and June represent a total capacity of 8 GW. They number over 1,000, placing pressure on the processing demands at RAE, authority official Dionysis Papahristou noted.

Siemens Gamesa launches innovative energy storage system

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In a world first, Siemens Gamesa Renewable Energy (SGRE), a global leader in the wind energy industry with a strong presence in all areas of the wind business, has  begun operation of its electric thermal energy storage system (ETES), a world first, the company has announced in a statement.

The innovative storage technology makes it possible to store large quantities of energy cost-effectively and thus decouple electricity generation and use.

During the opening ceremony, German’s Energy State Secretary Andreas Feicht, Hamburg’s First Mayor Peter Tschentscher, Siemens Gamesa CEO Markus Tacke and project partners Hamburg Energie GmbH and Hamburg University of Technology (TUHH) welcomed the achievement of this milestone.

The heat storage facility, which was ceremonially opened in Hamburg-Altenwerder, contains around 1,000 tonnes of volcanic rock as an energy storage medium. It is fed with electrical energy converted into hot air by means of a resistance heater and a blower that heats the rock to 750°C. When demand peaks, ETES uses a steam turbine for the re-electrification of the stored energy. The ETES pilot plant can thus store up to 130 MWh of thermal energy for a week. In addition, the storage capacity of the system remains constant throughout the charging cycles.

The aim of the pilot plant is to deliver system evidence of the storage on the grid and to test the heat storage extensively. In a next step, Siemens Gamesa plans to use its storage technology in commercial projects and scale up the storage capacity and power. The goal is to store energy in the range of several gigawatt hours (GWh) in the near future. One gigawatt hour is the equivalent to the daily electricity consumption of around 50,000 households.

“Decoupling generation and consumption of fluctuating renewable energy via storage is an essential contribution to implementing the energy system transformation. We therefore need cost-effective, efficient and scalable energy storage systems,” stressed Feicht, State Secretary at the Federal Ministry of Economics and Energy.

“With the commissioning of our ETES pilot plant, we have reached an important milestone on the way to introducing high-performance energy storage systems. Our technology makes it possible to store electricity for many thousands of households at low cost. We are thus presenting an elementary building block for the further expansion of renewable energy and the success of the energy transition,” remarked Markus Tacke, CEO of Siemens Gamesa Renewable Energy.

The technology reduces costs for larger storage capacities to a fraction of the usual level for battery storage.

The Institute for Engineering Thermodynamics at Hamburg University of Technology and the local utility company Hamburg Energie are partners in the innovative Future Energy Solutions project, which is funded by the German Federal Ministry of Economics and Energy within the “6. Energieforschungsprogramm” research program. TU Hamburg carries out research into the thermodynamic fundamentals of the solid bulk technology used.

By using standard components, it is possible to convert decommissioned conventional power plants into green storage facilities (second-life option). Hamburg Energie is responsible for marketing the stored energy on the electricity market. The energy provider is developing highly flexible digital control system platforms for virtual power plants. Connected to such an IT platform, ETES can optimally store renewable energy at maximum yield.

Siemens Gamesa takes further step with new 5.X onshore platform

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Siemens Gamesa Renewable Energy (SGRE), a global leader in the wind power industry with a strong presence in all facets of the business – offshore, onshore and services – has taken a further step in advancing its product strategy by introducing a new onshore platform: the Siemens Gamesa 5.X platform, which encompasses two turbine models: the SG 5.8-155 and the SG 5.8-170.

The platform introduces the largest unit capacity in the Siemens Gamesa onshore portfolio, 5.8 MW rated capacity, and the largest rotor diameters, 155 and 170 meters, resulting in maximum performance in high-, medium- and low-wind conditions. The 170-meter rotor is the largest in the onshore segment.

The Siemens Gamesa 5.X onshore platform incorporates the company’s proven technology, experience and expertise, based on its installed wind fleet of more than 90 GW worldwide.

The SG 5.8-155 expands the swept area by 14% with respect to the SG 4.5-145, and Annual Energy Production (AEP) by over 20% (@ 8 m/s); the SG 5.8-170 provides an increase of over 37% in the swept area and more than 32% in AEP (@ 7 m/s) when compared with the SG 4.5-145.

With a highly flexible design that enhances the entire value chain, from manufacturing through logistics to construction and service, the platform’s versatility makes it suitable for a broad range of sites. These wind turbines integrate the hallmarks of Siemens Gamesa technology, such as a doubly-fed generator, partial converter and a compact drive train designed with a three-stage gearbox. Additionally, compliance with the most demanding grid-related connection requirements is ensured by the inclusion of an optional premium converter.

“Today we are celebrating our second anniversary. I cannot imagine a better way to do it than by announcing the launch of this new platform – tangible proof of Siemens Gamesa’s commitment to innovation and R&D”, said Markus Tacke, CEO of SGRE.

Mark Albenze, Onshore & Service CEO at SGRE, added: “The new Siemens Gamesa 5.X’s high and flexible power rating coupled with the two rotor options make this platform suitable for any kind of site across the globe. Designed for future modular upgrades to meet the evolving demands of the market, it will allow the company to assist customers in reaching their profitability goals through best-in-class performance and LCoE”.

As part of the SGRE product portfolio that represents a fresh approach to wind power, the new turbines integrate advanced control technologies and strategies that optimize their efficiency on the basis of site conditions, offering flexible power ratings depending on noise requirements, ambient temperature and electrical performance.

The first prototype installation of the SG 5.8-155 is planned for mid-2020, and production is scheduled to commence in Q4 2020. For the SG 5.8-170, the first prototype is planned for Q3 2020 and production will start in Q1 2021.