Senvion : signs 2nd contract in August for the US market

DGAP-Media / 10.09.2018 / 12:11 Senvion signs 2nd contract in August for the US market Hamburg: Senvion and Heritage Sustainable Energy have executed an 80 MW agreement for the supply and delivery of Garden II. The first 20 MW are already firm followed by a conditional 60 MW. The agreement includes a 21 year full service contract. The Garden II project consists of 20 Senvion 4.0M140 turbines with a hub height of 82 meters. The installation of phase one will start in 2019, the second phase in 2020. The project is located in Delta County, Michigan. The state supports the strategic expansion of renewable energies targeting a 25% renewable energy goal by 2030. "We are excited to continue working with such a respected partner as Heritage. With this project, we will support Michigan's ambition to reach their renewable energy goal. Garden II is further proof that wind energy is competitive and cost-effective even in medium-wind regions", says Lance Marram, CEO North America of Senvion. "Heritage is extremely pleased to expand the business relationship with Senvion. Senvion has proven to be a reliable and competent long term partner at our existing wind farms. We are very confident that these next generation "state of the art" Senvion turbines will generate considerably more electricity at reduced cost, a great benefit for the environment and the people of the state of Michigan", adds Marty Lagina, Founder and Chief Executive of Heritage Sustainable Energy. About Senvion: Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.33 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in ?ory-Warszowice, Poland and Baramati, India. With approximately 4,000 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 7,900 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India, Chile and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange. About Heritage Sustainable Energy Heritage Sustainable Energy, LLC was formed in 2004 as a renewable energy provider. To date, the company has successfully developed a series of wind and solar projects in Michigan, installing enough capacity to power the equivalent of 57,000 average Michigan homes every year. Heritage operates a total of 139.2 megawatts (MW) of installed renewable energy capacity, with hundreds of MW in their project pipeline, continuing with its commitment to help reduce Michigan's dependence on conventional energy sources. The company has also contributed planning and other resources to other energy providers, resulting in the installation of hundreds of MW of additional wind energy generation.   Vice President Capital Markets and Public Relations Dhaval Vakil phone: [phone] mobile: [phone] email: [e-mail] Senior Manager Corporate Communications Katrin Rosendahl phone: [phone] mobile: [phone] email: [e-mail] End of Media Release Issuer: Senvion S.A. Key word(s): Energy 10.09.2018 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Senvion S.A.
	46a, avenue John F. Kennedy
	L-1855 Luxembourg
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.senvion.com
ISIN:	LU1377527517, XS1223808749, XS1223809390
WKN:	A2AFKW
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange

End of News	DGAP Media

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