Siemens Energy Gets Order for UK-Germany Wind Energy Power Connection Link
April 11 2022 - 05:56AM
Dow Jones News
By Ed Frankl
Siemens Energy AG said Monday that it has received an order to
supply a transmission system for a new wind power link between the
U.K. and Germany.
The high-voltage direct-current link will connect the two
countries and enable up to 1.4 gigawatts of surplus wind energy to
be exchanged in both directions, enough to power 1.5 million homes,
the Munich-based company said.
The order value for Siemens Energy is in the high three-digit
million euro range and will be booked for the current fiscal year,
it said.
The supply contract is with the NeuConnect consortium, a group
led by investors Meridiam, Allianz Capital Partners and Kansai
Electric Power, the company said.
Through more efficient use of renewable energy, the connection
will save up to 16 million tons of carbon emissions, Siemens Energy
said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
April 11, 2022 05:41 ET (09:41 GMT)
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