Siemens secures wind farm contracts in Germany and Indonesia

Siemens secures wind farm contracts in Germany and Indonesia

German electronics company Siemens AG (ETR:SIE) has secured two separate contracts to develop wind power facilities in Indonesia and its home market Germany.

In Indonesia, Siemens will build and operate the 60MW Tolo wind farm, with construction set to start this year and be finalised in 2018.

The contract involves the installation of 20 wind turbines at Jeneponto in South Sulawesi for developer Equis and state-owned utility PT PLN.

Equis chief executive David Russell said: “Indonesia is set for a period of rapid, sustained growth in energy demand, and the Indonesian government has set sensible targets for renewable energy to satisfy a large share of this demand.”

This deal comes days after it was announced that Siemens Wind Power had secured contracts to supply 13 of its gearless turbines to Lower Saxony and Schleswig-Holstein states in northern Germany.

Siemens will provide six units to the WPD Winpark in the Damme region, and seven units to the Karlum project in the northern part of Schleswig-Holstein.

The latest deals reflect a continued investment in renewable energy sources by Europe’s largest manufacturing and electronics company.

@RGNonline