Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,495.29 77.76 0.54%
TOPIX 1,169.77 3.18 0.27%
HANG SENG 22,760.24 64.23 0.28%

Alstom and Renova Energia Sign a Preliminary Agreement in Brazil for the Supply of Wind Turbines



  Alstom and Renova Energia Sign a Preliminary Agreement in Brazil for the
  Supply of Wind Turbines

                       A project worth over €1 billion

Business Wire

LEVALLOIS-PERRET, France -- February 6, 2013

Regulatory News:

Alstom Renewable Power (Paris:ALO) announced on 6 February 2013 the signature
of a memorandum of understanding with Renova Energia, leader in wind power
generation in Brazil, to supply, operate and maintain in Brazil around 440
onshore wind turbines for a total amount exceeding €1 billion. From 2.7 MW to
3 MW each, these turbines will represent a minimum of 1,200 MW new wind power
generation capacity. They will equip Renova’s wind farms in the state of Bahia
and will be delivered from 2015 onwards, over an estimated period of three to
four years.

Alstom’s ECO 100 3 MW onshore wind turbine range was selected as one of the
most proven machines on the market, with turbines running since 2008. It
offers high yield and leading efficiency across all wind classes, with its
rotor diameter from 100-metres to 122-metres. This allows developers to select
the best rotor for every position. The combination of two or even three models
of the range (ECO 100, 110 or 122) within the same wind site optimises the
capacity factor of a project while reducing the balance-of-plant cost.

Renova Energia carried out a thorough process for the selection of the
manufacturer, using “clean sheet” cost assessment model and comparative
analysis. ”Alstom presented the best combination of price and technical
performance, allowing for greater competitiveness in our projects”, says
Mathias Becker, CEO of Renova Energia. “This will allow for increased
efficiency of our plants, as we will have a more adequate technology to our
winds, and reduced investments, which are key for us to maintain our
leadership position in the increasingly competitive wind market”, he adds.

The partnership between both companies will start with the selection of the
most appropriate technology in Alstom’s portfolio for each Renova’s plant.
This phase will last approximately two years. Due to the importance of the
project, a governance committee will be created, composed of members of the
top management of both companies, who will follow up on the execution of the
agreement.

“The partnership with Renova Energia has exclusive aspects, and we want to
closely follow up on the progress. As the most important agreement for Alstom
in the wind onshore industry worldwide, this preliminary agreement confirms
our strong global ambitions in the wind industry”, says Jérôme Pécresse,
President of Alstom Renewable Power.

The wind turbines will be manufactured at Alstom’s unit in Camaçari, state of
Bahia. Opened in November 2011, the plant has a manufacturing capacity of 300
MW a year, with one work shift. The agreement with Renova Energia confirms
Alstom’s decision to work with two shifts from the first half of 2013,
increasing the manufacturing capacity to 600 MW a year. Alstom will work
towards the establishment of a wind cluster in Bahia in partnership with other
companies, for the production of the main components of the turbines.

About Alstom
Alstom is a global leader in the world of power generation, power transmission
and rail infrastructure and sets the benchmark for innovative and
environmentally friendly technologies. Alstom builds the fastest train and the
highest capacity automated metro in the world, provides turnkey integrated
power plant solutions and associated services for a wide variety of energy
sources, including hydro, nuclear, gas, coal and wind, and it offers a wide
range of solutions for power transmission, with a focus on smart grids. The
Group employs 92,000 people in around 100 countries. It had sales of €20
billion and booked close to €22 billion in orders in 2011/12.

Contact:

Press Contacts
Emmanuelle Châtelain, Isabelle Tourancheau – Tel +33 1 41 49 37 38 /39 95
emmanuelle.chatelain@chq.alstom.com, isabelle.tourancheau@chq.alstom.com
Mariana Maciel (Brazil and Latin America) - Tel.: +5511 3612-7074
mariana.maciel@crn.alstom.com
Stephanie Roux / Jerome Bridon (Alstom Renewable Power) - Tel +33 1 41 49 78
62 /38 78
stephanie.roux@power.alstom.com /jerome.bridon@power.alstom.com
or
Investor Relations
Delphine Brault– Tel +33 1 41 49 26 42
delphine.brault@chq.alstom.com
Websites
www.alstom.com.br / www.alstom.com
www.renovaenergia.com.br
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement