July 13, 2014 9:31 AM ET

Electrical Equipment

Company Overview of Siemens Energy, Inc.

Company Overview

Siemens Energy, Inc. provides power and energy solutions in the United States and internationally. It develops and builds fossil fuel power plants and power-generating components, gas and steam turbines, wind turbines, generators, renewables, hydro and wind power plants, solar power plants, geothermal energy systems, photovoltaic inverters, environmental systems, fuel gasifier systems, and fuel cells. The company also provides turbines for use as mechanical drives; compressors for industrial applications; instrumentation, automation, protection, and control systems; power transmission and distribution systems; closed-loop and open-loop systems for industrial steam turbines; and compression, ...

4400 Alafaya Trail

Orlando, FL 32826

United States

Founded in 2012

Phone:

407-736-2000

Fax:

407-736-5633

Key Executives for Siemens Energy, Inc.

Chief Executive Officer
Age: 60
Chief Executive Officer of Solar & Hydro Division
Age: 56
Chief Executive Officer of Oil and Gas Division
Age: 56
Chief Financial Officer of Power Generation
Head of Fossil Power Generation Europe
Compensation as of Fiscal Year 2014.

Siemens Energy, Inc. Key Developments

Siemens Energy Provides 150 Wind Turbines for Largest Dutch Offshore Project

The Gemini consortium has signed all construction, operations and financing contracts with a total construction budget of nearly EUR 3 billion. With more than 20 parties involved 70% of this budget will be provided on the basis of project financing, making Gemini the larger-ever project financed offshore wind farm. For the Gemini project Siemens will deliver 150 wind turbines with a capacity of 4 megawatts (MW) and a rotor diameter of 130 meters each. The wind power plant is to be located in the North Sea, 85 km above the coast of Groningen. With an installed capacity of 600 MW in total Gemini will yield 2.6 terawatt hours (TWh) of electricity per year. The wind power plant will supply clean energy for one and a half million people after being fully commissioned. The amount of energy is equivalent to a reduction in the emission of CO2 by 1.25 million tons per year. For Siemens this is the first order for an offshore wind power plant in Dutch waters. The innovative service concept banks on the ongoing presence of a service vessel and the steady ground readiness of a helicopter. Siemens' 15-year service and maintenance agreement for the Gemini project is the larger service order ever for Siemens Energy Service. It will introduce a highly advanced logistics concept for offshore sites. For the first time, a helicopter will be available for a project at all times and a specially designed, purpose-built service operation vessel will be based at the wind farm. To ensure increased turbine availability, maintenance work can be carried out at almost all times irrespective of the weather conditions or wave height.

Siemens Energy Signs Multiple 10-Year Wind Service Contracts in North America

Underscoring growing customer confidence in the valuable benefits Siemens Energy can provide with its flexible, longer term wind service agreements, the company has been awarded 10-year wind service agreements encompassing over 400 onshore wind turbines in the U.S., Canada and Puerto Rico. The customer is Pattern Energy Group Inc. As part of a multi-project service agreement signed in 2014, Siemens wind service will provide an additional decade of service and maintenance for 400 wind turbines across six Pattern Energy projects in North America. The Santa Isabel Wind project in Puerto Rico has 44 SWT-2.3-108 wind turbines. Photo courtesy of Pattern Energy Group Inc. Helping Pattern Energy obtain continued reliability, availability and performance of the turbines, Siemens will provide the long-term service and maintenance, as well as technology updates, for six Pattern Energy wind projects located in the U.S., Canada and Puerto Rico with a combined output of over 930 megawatts (MW). In addition to the projects currently in operation, Siemens has also signed a 10-year service agreement for the Panhandle 2 wind project in Texas with 79 SWT-2.3-108 turbines (182 MW), which Pattern Energy has agreed to acquire when the project reaches operation later this year.

Siemens Receives Turbine and Service Order for Wind Farm in Ontario, Canada

Siemens Energy announced a major wind turbine and service order in Canada at the AWEA WINDPOWER tradeshow in Las Vegas. Along with the South Kent Wind Farm in Chatham-Kent, Ontario, the 270-MW K2 Wind Ontario (K2 Wind) Project will be among large wind power plants in Canada. It is located in Goderich in southwestern Ontario and will feature 140 units of the Siemens SWT-2.3-101 wind turbines. The project owners are Samsung Renewable Energy Inc. (Samsung), Capital Power LP and Pattern Energy Group LP (Pattern Development). The transaction includes a long-term service and maintenance agreement, ensuring the reliability, availability and performance of the turbines. K2 Wind will generate clean power for 100,000 Ontario homes with commercial operation expected in mid-2015. The blades for the project will be manufactured at the Siemens blade facility in Tillsonburg, Ontario. Towers for the project will also be produced locally in Canada. The nacelles will be assembled at Siemens' U.S. factory in Hutchinson, Kansas.

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Date
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Merger/Acquisition
March 20, 2014
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