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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : Gamesa captures deal to supply New Zealand's second largest wind farm, strengthening its leadership in the country

03/11/2021 | 10:22am EDT

Siemens Gamesa will supply 41 of its wind turbines for New Zealand's second largest wind farm to Meridian Energy, strengthening its leading position in the country's wind energy market.

Following its expected commissioning in 2023, the 176 MW Harapaki wind farm will generate sufficient renewable energy to power over 70,000 local average households and support New Zealand's goal of achieving 100% renewable electricity generation by 2030.

Additionally, Siemens Gamesa signed a 30-year long-term contract to provide operation and maintenance services, ensuring optimized performance of the wind farm.

The wind farm will be developed by Meridian Energy, one of New Zealand's largest listed companies and the country's largest wind energy developer. Siemens Gamesa has already supplied 267 MW to Meridian, including West Wind, its largest operating wind farm (142.6 MW).

'Harapaki marks an extension of a rewarding relationship between Meridian Energy and Siemens Gamesa over more than 10 years. At Siemens Gamesa, we are proud to support Meridian's vision on climate action and the transition to a productive low carbon economy in New Zealand,' stated Thomas Hertling, Managing Director of Siemens Gamesa in Australia and New Zealand.

As New Zealand strives for 100% renewable energy generation by 2030 and net zero carbon emissions by 2050, the role of electricity and wind energy in the aspirational transformation is increasingly recognized. At present, the country has installed wind capacity of approximately 1,050 MW.

'Siemens Gamesa is committed to building partnerships with purpose to tackle the climate crisis. By working with like-minded partners like Meridian Energy, we can introduce the most advanced renewable technologies to unlock the full potential of wind in Asia Pacific and deliver clean and affordable energy to power economic and social progress,' said Paulo Soares, CEO of Siemens Gamesa's Onshore business unit in the Asia Pacific region.

Siemens Gamesa has been expanding in Asia Pacific since the 1980s and has installed close to 9 GW of onshore turbines in China, Pakistan, Japan, South Korea, Vietnam, Indonesia, the Philippines, Thailand, Australia and New Zealand. On the offshore side, the company completed the installation of Taiwan's first offshore wind power project in 2019 (128 MW) and in addition reached close to 2 GW of firm orders.

Contact:

Dongyi Chen

Tel: 86 13811005090

Email: dongyi.chen@siemensgamesa.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MERIDIAN ENERGY LIMITED -0.40% 5.02 End-of-day quote.-32.35%
SIEMENS AG 0.71% 139.56 Delayed Quote.18.75%
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Sales 2021 61 561 M 71 676 M 71 676 M
Net income 2021 5 943 M 6 919 M 6 919 M
Net Debt 2021 34 774 M 40 488 M 40 488 M
P/E ratio 2021 19,1x
Yield 2021 2,57%
Capitalization 111 B 130 B 130 B
EV / Sales 2021 2,37x
EV / Sales 2022 2,20x
Nbr of Employees 299 000
Free-Float 88,0%
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Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
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