Senvion's contract for Los Hercules in Argentina becomes firm

Senvion, a leading global manufacturer of wind turbines, announced its contract for the supply and delivery of 27 Senvion 3.6M114 NES turbines with EREN Renewables ("EREN RE") in Argentina has become a firm contract. All conditions precedent have been fulfilled. The project, developed and owned by EREN RE, was awarded a PPA in the RENOVAR Round 1 tender in October 2016. A total of 1,142 megawatts (MW) of different technologies were awarded of which 707 MW were wind projects.

David Hardy, Chief Sales Officer at Senvion, said: "Strong partnerships make a real difference when entering new markets together. The very good relationship with EREN RE and the trust they have put in Senvion have facilitated an environment of quick and efficient cooperation. We are looking forward to the further positive development of the project with EREN RE that has until now lead to a financial close in record time, despite challenging market conditions. I am also proud of Senvion's entry into the Argentina market; a market we see strong potential for growth in the future."

After the planned completion of the project, Los Hercules wind farm will see a total rated output of 97.2 MW. The wind farm will be built by Senvion on a full EPC basis. The turbines will be installed at a hub height of 93 meters. The completion of the project is planned for December 2018. Los Hercules wind farm will be located in the Deseado department in the southern province of Santa Cruz and after its completion will be able to supply around 64,000 households with green electricity per year.

The Senvion 3.6M114 was presented at Windenergy Hamburg 2016. It has an upgraded power yield of roughly 2.5 per cent compared to the 3.4M114 NES and is particularly fitting for projects with restricted maximum tip heights at strong wind locations.