Siemens Wins Turbine Orders in U.S., Canada

Aug. 10, 2010

Projects are worth $1.1 billion

Siemens said on August 10 that it has won two orders in the United States and Canada to supply wind turbines that experts said were worth around 800 million euros (US$1.1 billion.)

Siemens will supply wind turbines capable of producing 600 megawatts of electricity, enough for 240,000 households, in Ontario. It will also provide 98 turbines for an Oklahoma wind farm, enough for 227 megawatts.

Market prices for land-based wind turbines are around one million euros per megawatt, meaning the orders are worth around 800 million euros for Siemens, industry specialists said.

"North America is a very important market for wind power," said Rene Umlauft, head of Siemens' Renewable Energy division.

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