Siemens Signs $2.1 Billion Deal for 600 MW Dutch Offshore Wind Project

Posted on May 16th, 2014 by
   

Siemens Signs $2.1 Billion Deal for 600 MW Dutch Offshore Wind Project

Siemens AG won a 1.5 billion-euro ($2.1 billion) contract for the Gemini offshore wind park in Groningen, Netherlands. The 150-wind turbine project, each with a 4 MW capacity, will be Siemens’ biggest-ever energy service contract.  Siemens has previously tempered its willingness to bid for big-ticket projects as delays grid connections have led to charges reaching 1.1 billion euros since 2011, prompting CEO Joe Kaeser to promise investors that the company would be more circumspect in future contract tenders. Siemens have considerably improved its service approach for this wind park, assures Markus Tacke, head of the wind-power division at the Munich-based engineering company.

California Heatwave Pushes Power to Six-Year Seasonal High

Spot electricity in California rose to the highest seasonal level in six years as rising temperatures boost air-conditioning demand. The state is grappling with a record drought that has been reducing hydroelectric supplies at a time when natural gas, a fuel to produce electricity, is hovering near a decade low. While resources remain adequate, California face reliability challenges and higher rates, especially after the idling of the San Onofre nuclear power plant.

Petronas in Talks to Sell More Stake in Canadian Gas Project

Petroliam Nasional Bhd., Malaysia’s state oil company, said that it is in talks to sell as much as 12 percent additional stakes in the proposed liquefied natural gas facility in British Columbia. Petronas CEO Shamsul Azhar Abbas said that discussions are on with at least three parties. The Malaysian company said it is also looking to sell stakes in exploration projects in Vietnam and proceed with a $27 billion investment in refining and petrochemicals project in the southern state of Johor, bordering Singapore.

Mars Inc. Agrees to Build 200 MW Wind Farm

Mars Incorporated has agreed to the construction of a 200 MW wind farm – enough to cover the electricity usage for the company’s entire US operations. The snack-maker’s US operations comprise of 70 sites, including 37 factories and 25,000 associates. The 200 MW find farm will be built by Blattner Energy Inc. will be installed on a 25,000 acre site. The Mesquite Creek Wind Farm will consist of 118 1.7 MW GE wind turbines and will be located in the counties of Dawson and Borden, Texas.

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