Siemens hits EUR700 Million deal from wpd group's Butendiek offshore Wind Project

Friday, February 8, 2013 0 comments

Siemens SWT 4.0-130 Offshore Wind Turbine being tested in Denmark

Siemens has said in a Press Release that they have signed an agreement with German based WPD Group (link) for the Supply of  80 Wind Turbines for the Butendiek offshore wind power plant off Germany's North Sea coast.

The 288MW Butendiek offshore wind power project is being built in partnership with Siemens Financial Services, Marguerite Fund, Industriens Pension, PKA A/S (each 22.5 percent) and wpd AG (10 percent). Butendiek Wind Farm is the eighth offshore wind power plant order that Siemens has won in German waters and the second in Europe with an equity stake from Siemens Financial Services.

The agreement also covers a long-term maintenance contract for a period of ten years, the first of its kind for an offshore wind project. Siemens will also provide new logistics concept that includes a service operation vessel specially developed for deployments to offshore wind facilities. "By 2020, we estimate that the combined installed electrical generating capacity of wind power installations worldwide will reach 500 gigawatts," notes Felix Ferlemann, CEO of Siemens Energy's Wind Power Division. 

Butendiek, to be erected about 32 kilometers west of the island of Sylt near the German-Danish border, is the second project-financed offshore wind power plant in Germany for which Siemens is supplying wind turbines and services. The wind turbines, each with a capacity of 3.6 megawatts and a rotor diameter of 120 meters, are to be erected across a surface area of 42 square kilometers in waters measuring about 20 meters deep. 

Siemens Financial Services, Marguerite Fund, Industriens Pension, and PKA A/S (each indirectly holding 22.5 percent) provide, as financial investors, a substantial portion of the required equity and have secured the financing of the project with a total project volume of EUR1.3 bn. Wpd group will as well contribute to the equity and in addition focuses mainly on project development as well as the project management. All partners have aligned their resources in order to secure a project finance structure on a 67 percent senior debt and 33 percent equity basis with a consortium of up to 9 banks, involving multilateral institution like European Investment Bank, KfW and EKF supporting the project with significant funds.

Butendiek Offshore Wind Farm Key Facts
  • 80 wind turbine generators with a total of 288 MW
  • Situated in the German North Sea, some 32 to the West of the island of Sylt
  • Shallow water depth (19 – 22 meters) and favorable soil conditions
  • Cooperation with reknown suppliers: Siemens (Siemens SWT 3.6-120 turbines),
  • Ballast Nedam (foundations), Visser Smit (internal cabling), Fabricom/GdF Suez (offshore substation)
  • Grid connection by grid operator TenneT TSO via the SylWin-Cluster
  • Commissioning: successive commissioning upon installation of the generators starting fall 2014, overall completion in June of 2015
  • Energy production: some 1,290 GWh/a, equaling supply for some 370,000 households
  • Total investment: 1.3 billion Euro
Share this article :
Related Posts Plugin for WordPress, Blogger...