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Siemens signs contract for first commercial offshore wind farm in the USA

    • Third major energy project for Siemens from the US within one week
    • Pioneering Cape Wind project to be the first utility-scale offshore wind farm located in the US

Hamburg, Dec. 23, 2013 - Siemens and Cape Wind have signed a major contract for the construction of the United States' first utility-scale offshore wind farm. Once the contract becomes effective later next year, Siemens will supply Cape Wind with its industry-leading 3.6-megawatt offshore wind turbines, an offshore Electric Service Platform (ESP) and a long-term service agreement. When fully built, Cape Wind will have a capacity of 468 megawatts. The project is situated off the Northeast coast, 20 kilometers offshore of Nantucket, at Horseshoe Shoal in the Nantucket Sound. Installation and commissioning is expected for 2016.

"The USA is a key market for Siemens. We are proud to be able to announce the third big contract in the U.S. within just one week. Following the biggest onshore wind order ever and a follow-up order for a highly efficient and flexible gas-fired combined cycle power plant in Pennsylvania, we've now signed a contract to provide wind turbines and service for the first commercial offshore wind farm in the U.S. This shows that wind power and natural gas do not stand opposed but rather are the perfect fit for a sustainable energy system," said Michael Süß, member of the Management Board of Siemens AG and CEO of Siemens' Energy Sector.

Offshore wind in the U.S. has significant potential to supply the coastal areas of the U.S. with clean energy. Potential offshore locations are situated along the Southern and Northern Atlantic Coast and in the Gulf of Mexico. A recently published Navigant study awarded by the U.S. Department of Energy predicts that installed U.S. offshore wind power capacity will rise in the next five years to 3.5 gigawatts.

Wind power and energy service are part of Siemens' Environmental Portfolio. Around 43 percent of its total revenue stems from green products and solutions. That makes Siemens one of the world's leading providers of eco-friendly technology.

The Siemens Energy Sector is the world's leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2013 (ended September 30), the Energy Sector had revenues of EUR26.6 billion and received new orders totaling approximately EUR28.8 billion and posted a profit of approximately EUR2 billion. On September 30, 2013, the Energy Sector had a work force of approximately 83,500. Further information is available at: http://www.siemens.com/energy


2013-12-24

Please see Siemens LLC company electronic office

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 372,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

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