Senvion signs agreement in Spain for up to 300 MW

Senvion signs agreement in Spain for up to 300 MW
245 MW is already part of conditional order book

Hamburg/Madrid: Senvion has signed an agreement which includes the delivery of turbines for up to 300 MW projects in Spain with Alfanar, which received the largest wind allotment of 720 MW. The installation and commissioning is planned in 2019. The agreement also covers a 20-year full maintenance service for all turbines. This is the second agreement with Alfanar after signing 300 MW in India.

Senvion will supply a broad range of products including the new turbine types 3.XM140 and 4.2M140, that perfectly suit the various characteristics of the projects spread across Spain. For the execution of the projects, Senvion Iberica will further expand its team of industry experts, project managers and service technicians.

In line with the drive to ensure 20% of energy to be generated through renewable sources by 2020, the Ministry of Energy of Spain, OMEL, through the Royal Decree 650/2017 dt. 16-06-2017, held the renewable energy auction on 26-07-2017 for a quota of 3 GW of new renewable energy installations.

Manav Sharma, acting Chief Executive Officer at Senvion, says: "We are delighted to sign the second contract with Alfanar this year and to successfully reenter into the Spanish market. This emphasizes Senvion's aspiration to globally accompany its clients with a local approach in growth markets as India or Spain. The successful signing of the agreement also demonstrates the competitiveness of our modular product portfolio."

Olivier Perot, Managing Director of Senvion Europe South, adds: "We thank Alfanar for its trust in Senvion. We are excited to further strengthen our Senvion Iberica team and our local supply chain. Thanks to its high-quality products and services, Senvion Iberica is dedicated to meet the customer's requirements in Spain and support the growth of the market."

Jamal M. Wadi, Chief Executive Officer of Alfanar Energy, said: "As a global energy development company, Alfanar is targeting to develop 9.000 MW globally by 2025. The auction in Spain was a gateway for Alfanar to enter into European market and we are glad that we will have global operational assets close to 1.84 GW by the end of 2019. After successful collaboration in India, we are very pleased to expand our existing cooperation with Senvion with the projects in Spain. We are confident that Senvion will deliver the turbines within the prescribed timelines and this order will help Senvion to establish its strong market presence in Spain. "

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 6.33 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 Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in Żory-Warszowice, Poland and Baramati, India. With approximately 4,500 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 7,500 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, Chile and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange.

About Alfanar:
alfanar Company was established in 1976 in Riyadh, Saudi Arabia and is today one of Middle East' leading player in the Energy sector with a turnover of more than $2.5 billion Alfanar is one of the largest EPC contractor in the Energy Sector in Middle East, the largest manufacturer of electrical products in GCC region. Alfanar has a strong track record of electrical infrastructure projects such as power generation, substations, overhead lines, underground cabling, construction, Engineering Services and energy IPP and IWP developments and investments. The other major subsidiaries of the group like Alfanar Engineering Services and Alfanar BENA hold the highest market share in the Middle East Region.

Alfanar has permanent presence in Spain since 2015 through its affiliate ZIV, a leading technology company for substations, electrical transmission lines, metering and advanced smart grid technologies. Alfanar corporate website: www.alfanar.com

Alfanar Energy- Development:
Alfanar Energy is a 100% subsidiary of Alfanar Group. It has been one of the most active global developers in recent years in the field of renewable energy (PV, CSP, Wind technologies, Waste to Energy projects and Energy Storage) and IWP (Independent Water Projects. Alfanar Energy, is solely focused on enriching the value chain of project development inclusive of development, financing, design, EPC, testing & commissioning and Operation & maintenance for Conventional/renewable/water projects globally. Alfanar's Renewable target by 2020 in Spain is 2 GW. To accomplish such ambitious objective, Alfanar has set up collaboration agreements with various Spanish RE developers. Alfanar affiliate Alfanar Energia España leads the regional development and investment of Alfanar.
Contact: AESpain@alfanar.com / +34 91 010 68 73.

Senvion press contacts:
Immo von Fallois
phone: +49 40 5555 090 3770
mobile: +49 172 6298 408
email: immo.von.fallois@senvion.com

Katrin Rosendahl
phone: +49 40 5555 090 3040
mobile: +49 173 3687 185
email: katrin.rosendahl@senvion.com

Senvion Investor Relations contact:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com