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Siemens Gamesa Signs Contract For 260 Megawatt Wind Farm In Sweden

Zamudio, Spain - Siemens Gamesa has signed a contract with Swedish project developer Eolus and Hydro REIN to supply the wind turbines for the Stor-Skälsjön wind farm in Sweden.

The project, with a total capacity of 260 megawatts (MW), will be located in central Sweden and will feature 42 SG 6.6-170 turbines with hub heights between 115 and 123 meters.

The project in the municipalities of Timrå and Sundsvall is scheduled for installation by 2023. In addition to the agreement for the delivery of the turbines, a 25-year service contract has also been concluded. The current contract brings the total capacity signed with Eolus to just over 450 MW.

Since its launch of the 5.X platform, Siemens Gamesa has already signed contracts for more than 3,500 megawatts (MW) of capacity worldwide, with Sweden reportedly the leading country for the turbine technology, with sales of more than 1,500 MW.

"Sweden has been a key country for the development of the Siemens Gamesa 5.X platform and we still see great opportunities across the Nordics and more broadly to help our customers deliver the most competitive projects," said Clark MacFarlane, CEO of Siemens Gamesa's NEME region.

Wind energy is becoming increasingly important in Sweden. According to the Swedish Wind Energy Association, the country will have an installed capacity of 12,000 MW (12 GW) by the end of 2021. By 2024, wind power capacity is expected to increase to more than 17,000 MW (17 GW). Wind energy would then be the second largest energy source in the electricity sector in Sweden.

Siemens Gamesa's share price has fallen 1.8 percent to 20.76 euros in the first three days of trading this week (Dec. 29, 2021, closing price Stuttgart Stock Exchange). In today's trading, the share is able to gain and is currently up 1.0 percent at 20.97 euros (Dec. 30, 2021, 08:16 a.m., Stuttgart Stock Exchange). Over the year, this represents a loss of 36 percent.

Source: IWR Online, 30 Dec 2021