Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

DONG Energy to Install 300 Siemens 6MW Offshore Wind Turbines in the UK

By
Posted on Thu, 19 July 2012 22:19 | 0

Siemens have just announced that they have signed a deal with DONG Energy for the supply of 300 6MW offshore wind turbines to be installed in UK waters between 2014 and 2017.

The news increases the chances of Siemens following up on its plans to build a new £210 million wind turbine factory in Hull to specialise in the construction of the larger 6MW turbines.

Carsten Krogsgaard Thomsen, the acting chief executive of Dong Energy, has said that “the agreement will enable DONG Energy to install a significantly larger turbine from 2014 compared with the turbines we know today. The agreement on the supply of the new turbines totalling 1,800MW is an important step towards the growing wind industry, and will help make offshore wind more competitive.”

The exact financial figures of the deal are unknown, but if we assume that a wind turbine costs an average of €1.4 million per MW, then the 1,800MW will hold a price of about €2.52 billion.

The announcement was made just days after the European Wind Energy Association confirmed that the UK boasted the world's leading offshore wind market.

By. Joao Peixe of Oilprice.com


Join the discussion

Special Reports

8 Mega Trends

8 Mega Trends

By Oil & Energy Insider Analysts

8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM
Here's what our 400 global energy assets are telling us to be prepared for right now...

LNG Technology

LNG Technology

By Oil & Energy Insider Analysts

THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT
This company's incredible tanker technology could eliminate many of the world's offshore pipelines...

Subsea Production

Subsea Production

By Oil & Energy Insider Analysts

THE END OF OFFSHORE DRILLING?
This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit.

Be the first to comment on this article.


Martin tiller