Siemens Wins Wind Turbine Orders of $900 Million in the Americas

Siemens AG (SIE) has won $900 million of wind turbine orders from Puerto Rico to the U.S. and Canada since July, Europe’s biggest engineering company said today.

Siemens will supply 293 turbines to six wind farms that will provide power to more than 200,000 households, the Munich- based company said in an e-mailed statement. Siemens, which competes with General Electric Co. (GE) and Denmark’s Vestas Wind Systems A/S, said the contracts gained since July have a combined capacity of about 670 megawatts.

The orders “show that our customers continue to invest in renewable energy sources,” Felix Ferlemann, chief executive officer of Siemens’ wind turbine unit, said in the statement.

Turbine makers have been suffering from slower demand growth, falling prices and narrowing margins as Chinese companies including Xinjiang Goldwind Science & Technology Co. grab market share.

Pattern Energy Group LP last month ordered 44 Siemens turbines for its 101-megawatt Santa Isabel wind farm in Puerto Rico, Siemens said. In September, it ordered 66 turbines for the 152-megawatt Spring Valley project near Ely, Nevada.

Duke Energy Corp. (DUK) ordered a combined 174 turbines for two farms in Texas and two projects in Kansas and Pennsylvania, Siemens said. The largest of the Charlotte, North Carolina-based utility’s projects is a 200-megawatt wind farm planned near Raymondville, Texas, scheduled to start operating in December 2012, Siemens said.

Canada’s Veresen Inc. ordered 9 turbines for the 21- megawatt Grand Valley project in Ontario.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.