Senvion signs 340 MW conditional wind turbine contracts with Mainstream Renewable Power in Chile

Senvion has signed conditional orders with global wind and solar development company Mainstream Renewable Power Ltd ("Mainstream") for 81 Senvion 4.2 MW turbines in Chile. The project scope includes the delivery, installation and commissioning of 37 Senvion 4.2M148 turbines for the Tchamma project and a further 44 Senvion 4.2M118 turbines for the Cerro Tigre project. Senvion and Mainstream signed a long-term full-service contract for the period of 20 years with the option to be extended.

The contracts are the largest order intake for the newly launched Senvion 4.2M148 and will likely become firm in 2019. These projects comprise the first of three phases for Mainstream's fully-contracted 1.3 gigawatt wind and solar platform awarded to the company in the Chilean energy auction in August 2016. The installation of the projects of the first phase is planned for 2020. The further optimizations of the supply chain add benefit to the timeline and calculation of the new projects.

David Hardy, Executive Director and CSO of Senvion, said: "We are very glad to have signed the contracts for the projects in Chile. It is a great success and the result of our global strategic approach. Due to the new modular products and the heightened efficiency of our supply chain, we are most competitive in important growth markets as Chile and Argentina.

Manuel Tagle, General Manager for Mainstream Renewable Power in Chile, said: "The signing is a solid step towards reaching financial close for the projects early in 2019 and we are firmly on track to deliver them into commercial operation in 2021. We are delighted to announce the execution of contracts with Senvion for the first projects in our fully-contracted 1.3 gigawatt wind and solar platform which was awarded to us in the Chilean energy auction in 2016."

He continued: "We are happy to be working with Senvion again following a positive experience with our Sarco and Aurora wind farms and this wind turbine supply contract is particularly significant given it is one of the largest ever signed in Chile."

Toralf Pohl, Vice President New Markets at Senvion, added: "That we have won a further large-scale order from a global developer as Mainstream is of course a reward for the hard work of our team in Chile and their on-site management. We want to thank Mainstream for their continuous trust and are looking forward to possible further expansions of our cooperation."

With the signing of these conditional contracts, the total order intake (firm and conditional) of Senvion in Chile increases to 853 MW and further entrenches the company's market share gain.