Siemens Bags Wind Turbine Order That May Be Worth $1.2 Billion
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Siemens AG won an order from Dong Energy A/S to supply turbines to a U.K. offshore wind farm. The deal may be worth as much as $1.2 billion, according to an analyst.
Siemens will supply 91 of its 6-megawatt turbines the Race Bank farm to be built on Britain’s east coast, the company said in a statement on its website Friday. Installation is expected to start in 2017 and the project set to begin working in 2018, when it will produce enough power for about 400,000 homes.