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May 24, 2015 4:30 PM ET

Electrical Equipment

Company Overview of Senvion SE

Company Overview

Senvion SE is engaged in developing, constructing, and distributing onshore and offshore wind turbines in Germany and internationally. It also offers project specific solutions in the areas of service and maintenance, transport and installation, and foundation planning and construction. Senvion SE offers its products through distribution partners, subsidiaries, and participations in the European markets, including France, Belgium, the United Kingdom, Italy, Portugal, and Poland; the United States; China; Australia; and Canada. The company was formerly known as REpower Systems SE and changed its name to Senvion SE in January 2014. Senvion SE was founded in 2001 and is based in Hamburg, German...

Uberseering 10

Hamburg,  22297

Germany

Founded in 2001

2,478 Employees

Phone:

49 40 555 5090 0

Fax:

49 40 555 5090 3999

Key Executives for Senvion SE

Chairman of the Executive Board and Chief Executive Officer
Age: 50
Chief Operating Officer and Member of Executive Board
Age: 48
Chief Technology Officer and Member of Executive Board
Head of Corporate Communications
Investor Relations Manager
Compensation as of Fiscal Year 2014.

Senvion SE Key Developments

Senvion SE Signs Four New Contracts Totaling Around 60MW in the UK

Senvion SE has signed four new contracts totaling around 60MW in the UK, including the first contract to be signed in the UK with developer RES. Located near Granthouse in the Scottish Borders, Penmanshiel wind farm, developed by RES, will consist of 14 Senvion MM82, with a total rated output of 28.7 MW, producing enough electricity to power more than 20,000 homes. Pre-construction works have recently started on site and project completion is due in autumn 2016. A twenty year service contract has also been signed for the project. Reaps Moss wind farm is the second contract for Senvion with InfraRed Capital Partners and is located east of Bacup in east Lancashire and will consist of three Senvion 3.4M104. Once completed, the wind farm will have a total rated output of 10.2 MW, enough to power over 5,000 homes. Installation will begin in summer 2015 and a 20 year ISP service contract has also been signed. New Albion wind farm, located in Northampton shire, is the third contract Senvion has signed with John Laing. The project will consist of seven SenvionMM82 with a total rated output of 14.35 MW, enough electricity to power more than 7,600 homes, as well as a fifteen year service contract. Pre-construction works have already begun and installation of the wind turbines is due to start in January in 2015 with the project scheduled to be fully operational by January 2016. Watford Lodge wind farm located near Daventry, Northampton shire, is the company's fourth contract with Broadview Energy, and will consist of five Senvion MM92, with a total rated output of 10.25 MW. Watford Lodge will produce enough electricity to power over 5,000 homes. Construction will start in the summer 2015 and is due for completion in autumn the same year. Senvion will also look after maintenance of the wind farm for fifteen years.

Senvion SE Announces Executive Changes

The Supervisory Board of Senvion SE has appointed Kirti Vagadia as the company's new Chief Financial Officer. The appointment is effective as of 1st December 2014. In accordance with his contract, Alex De Ryck, Chief Strategy Officer of Senvion SE, will leave the company on 15th December 2014.

Suzlon Energy Plans To List Senvion On LSE

Suzlon Energy Limited (BSE:532667) plans to list Senvion SE on the London Stock Exchange through an initial public offer which is likely to garner close to INR 70 million. "Globally, we will leverage Senvion's leadership in off-shore technology to capitalise on the growing demand in the offshore segment. The Indian market has witnessed a positive impact of the government's thrust on clean energy and policy reforms," Suzlon Group Chairman Tulsi Tanti said.

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