After a year of negotiations, the supervisory board and the shareholders decided on 13th July to purchase the offshore wind power station with a capacity of 400 MW: the company SüdWestStrom Windpark GmbH was founded for this purpose. The equity capital amounts to € 500 million, and UniCredit Group is providing a credit line of € 1 billion.
According to the company, this centre will serve as the southern operation base for the LM Wind turbine blade repair business with wind farm installations in Texas, Oklahoma, Kansas, Colorado and New Mexico. Robert Burger, LM Vice President, Service Americas explained: “The new service centre in Abilene is one of LM Wind Power`s six fully staffed North American service centres.
In total, GE intends to invest around € 340 million in facilities for the development, production and maintenance of offshore turbines in Great Britain, Sweden, Norway and Germany. At the centre of the expansion plans is the development of a new gearless 4 MW turbine. The concern obtained the technology through the takeover of the Norwegian company ScanWind in September 2009.
The Indian government offers accelerated 80 % depreciation on renewable energy projects to attract investors, however, Independent Power Producers (IPPs) and Foreign Direct Investment (FDI) were not able to avail of the accelerated depreciation provision.
The electricity is bought via the Scandinavian energy exchange Nord Pool. It pays a fixed rate of 20 €ct/kWh. The aim of the programme is to prevent wind-generated electricity being sold abroad at giveaway prices and to make sure that it is consumed at home instead.
Around 150 Siemens turbines will be deployed in the wind farm Clyde in South Lanarkshire, 70 km to the south of Glasgow. The farm will go into operation in 2011. In addition to supplying the turbines, Siemens is also in charge of installing and commissioning the wind farm, as well as servicing and maintaining it for an initial period of five years.
The majority shareholder of both companies is TRE&P, a subsidiary of Tozzi Holding.
According to the calculations they will provide enough electricity for around 200,000 households. The second phase of the wind farm near the town of Silverton, which includes a further 316 turbines, is currently in the process of approval.
The transaction increases Suzlon’s holding in Repower to 76 %. Suzlon already controls 91 % of the voting rights in Repower through an existing agreement with Martifer.
Kingspan has strengthened its position as a leading global player in the Renewables sector with the launch of Kingspan Wind and the introduction of two small high yield wind turbines (3kW and 6kW), which have been specifically designed to deliver maximum output, efficiency and reliability.
The interactive infographic map is showing the cumulative installed wind power capacity per country and continent from 1981 to 2013.
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