Siemens Invests in Offshore, Gets Connection Order

Siemens will become shareholder (49 percent) in A2SEA A/S, a supplier of installation services for the construction of offshore wind farms. Dong Energy will continue to be the company’s main shareholder. A2SEA based in Fredericia, Denmark, has a work force of about 200.

Siemens´ goal with its commitment in A2SEA is to advance the industrialization of offshore wind power. A2SEA will now look into the possibility of expanding its installation capacity.

“With our investment in A2SEA, we are showing our clear commitment to strengthening the future of the offshore wind industry,” said Wolfgang Dehen, CEO of the Siemens Energy Sector. “It is our aim to foster the industrialization of offshore wind power. Together with Siemens, A2SEA can build optimized vessels for the installation of offshore wind turbines. The optimization of ships and processes will result in higher efficiency, shorter installation times and enhanced customer value.”

The investment agreement is subject to the approval from anti-trust authorities. Closing of the agreement is expected in Q4 2010. The subscription amount to be paid by Siemens for the new shares in A2SEA is approximately €115 million., which will be paid in two installments in 2010 and 2011.

The potential for offshore wind in Europe is estimated at around 100 gigawatts which equal two thirds of the power plant capacity currently installed in Germany. At present, only approximately two percent of that potential is being utilized.

In a related story, Siemens has been awarded a major order with Lincs Wind Farm Ltd to implement the grid connection for the Lincs offshore wind farm. The order volume for the grid connection is €120 million. Siemens Energy announced in December it is also supplying 75 of its high-performance 3.6 megawatts (MW) wind turbines for the wind farm.

Construction is scheduled to start in late summer this year, with first generation planned for 2012. The wind farm with an installed capacity of up to 270 MW will be installed 8 kilometers offshore, near Skegness, Lincolnshire on the east coast of the UK. Siemens will supply an offshore substation platform, which will bundle the power generated by the wind turbines before it is transported via high-voltage cable to the mainland.

The substation will be equipped with two 240 MVA transformers as well as 132-kV high-voltage and 33-kV medium-voltage switchgear. Siemens will also prepare the requisite design studies for all of the wind farm’s electrical components and the grid studies to provide evidence of fulfillment with grid connection requirements.

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