Siemens Energy consortium receives 4-billion-euro wind power grid contract

Date:

- Advertisement -

Siemens Energy and Spain’s Dragados Offshore have been awarded a contract worth more than 4 billion euros ($4.29 billion) to build two converter systems for offshore wind energy grid connections in Germany, the German company said in a statement on Tuesday.

Siemens Energy said the contract, which was awarded to the consortium of both companies by German transmission system operator Amprion, is the largest offshore grid connection order it has received to date.

Siemens Energy’s share of the contract is around half of the total value, or around 2 billion euros, according to an industry source.

Up to 4 gigawatts (GW) of green electricity from offshore wind farms in Germany can be transported in total, said the statement, enough to meet the needs of about 4 million people.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

ADVERTISEMENT

Popular

More like this
Related

IMF predicts global public debt will be at 93% of GDP by end of 2024

Global public debt will exceed US$100 trillion by the...

World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...