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Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Oil Minister Al-Marzouk has…

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

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

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



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