Senvion Wins Firm Framework over More Than 500 MW in India

Big Contract emphasizes the planned growth story

HAMBURG & MUMBAI--()--Senvion, a leading global manufacturer of wind turbines, has concluded its first contract in India for the supply of 220 Senvion turbines totaling more than 500 megawatts (MW) under a firm framework agreement with one of the large Indian IPPs. The 220 turbines will consist of turbines from the recently acquired Kenersys portfolio. Turbines are planned for installations starting in Q4 2017 until 2019 with commissioning of the first site by the end of 2017. Once the whole framework agreement is delivered it will produce enough green energy to power more than 700,000 Indian households. A Senvion service center in India is already set up and will be responsible for turbine maintenance for 10 years.

“Earlier this year we announced our decision to enter the Indian market. Now we are proud to present this firm framework agreement that is the start of a strong future cooperation. This contract emphasizes our planned growth story in India.”

Jürgen Geissinger, CEO of Senvion, said: "Earlier this year we announced our decision to enter the Indian market. Now we are proud to present this firm framework agreement that is the start of a strong future cooperation. This contract emphasizes our planned growth story in India."

Amit Kansal, Managing Director of Senvion India, said: "This is a milestone agreement for Senvion in India. We are in a great position to contribute towards the India's renewable energy targets with our technology. Simultaneously we are working relentlessly to reduce LCoE of wind energy and also building stable relationships with our customers".

The Indian subsidiary of Senvion started its operations in Mumbai in February 2016 and has already established a strong sales, project and service team. Additionally, in August 2016, Senvion announced the acquisition of the assets of the Indian wind turbine manufacturer Kenersys. The wind turbines K100 (2.6 MW), K110 (2.4 MW). K110+ (2.6 MW) and K120 (2.3 MW) are part of the planned acquisition.

About Senvion:

Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.15 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The systems are designed at the Senvion TechCenter in Osterrönfeld and manufactured at its German plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven, as well as Portugal. With approximately 4,000 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 6,600 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange.

Language:   English
Company: Senvion S.A.
46a, avenue John F. Kennedy
L-1855 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 26 00 5305
Fax: +352 26 00 5301
E-mail:

press@senvion.com

Internet:

www.senvion.com

ISIN: LU1377527517, XS1223808749, XS1223809390
WKN: A2AFKW
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxemburg

Contacts

Senvion
Press:
Marie-Danielle Laggner
phone: +49 40 5555 090 3040
mobile: +49 172 27 67 793
email: marie.laggner@senvion.com
or
Immo von Fallois
phone: +49 40 5555 090 3770
mobile: +49 172 6298 408
email: immo.von.fallois@senvion.com
or
Investor Relations:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com

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