• Largest wind service order ever for Siemens in Germany
• Installation of 400 megawatts of wind capacity starts in March 2017
• Commissioning expected in late 2017
• Project financing for wind power plant successfully closed
• Siemens Financial Services provides a significant proportion of the equity
Siemens will supply, install and commission 67 of its 6-megawatts direct drive offshore wind turbines with a total capacity of 402 megawatts at the Veja Mate Offshore wind power plant in the German North Sea. Veja Mate Offshore Project GmbH, a company owned by Highland Group Holdings Ltd, Copenhagen Infrastructure II, a fund managed by Copenhagen Infrastructure Partners and Siemens Financial Services (SFS) have now come to a final investment decision. This confirms the collaboration that had been started with a public signing at the EWEA Offshore trade show in Copenhagen in March. Also included is a 15-year service and maintenance agreement, representing the largest ever wind service order for Siemens in Germany and the second largest globally.
Siemens will provide a highly advanced offshore service logistics concept, tailored specifically for far-shore projects such as Veja Mate that uses both helicopters and a specially designed, purpose-built service operation vessel (SOV). It will be the fifth SOV to be deployed by Siemens in European waters. To ensure increased energy production this concept allows maintenance work to be carried out at almost all times irrespective of the weather conditions or wave height.
The 400-megawatts offshore project in German Waters is located in the North Sea northwest of Borkum island at 115 km from the shore. It will be installed at water depths ranging from 39 to 41meters. With average wind speeds of more than 10 meters per second at a hub height of 80 meters above sea level, the site offers excellent conditions for a high energy yield. Grid access will be provided by BorWin2, a HVDC grid connection also built by Siemens. BorWin 2 was handed over to operator TenneT early this year and is already in commercial operation. Its 800 megawatts capacity encompasses the grid connection for both Veja Mate and also the Global Tech I offshore wind farms.
The financing is being provided through a combination of equity and debt, with SFS working in partnership with Highland Capital Group and Copenhagen Infrastructure Partners in the multi-source project financing structure. SFS is investing a substantial amount as equity and thus contributes a notable piece to the overall project funding.
For further information on Division Wind Power and Renewables, please see: www.siemens.com/wind
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy efficient, resource saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 343,000 employees worldwide on a continuing basis. Further information is available on the Internet at www.siemens.com.
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