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November 26, 2020

Siemens Gamesa wins contract from BHE Canada for wind farm project

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has secured a contract from Berkshire Hathaway Energy (BHE) Canada for its 130MW Rattlesnake Ridge wind power project.

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has secured a contract from Berkshire Hathaway Energy (BHE) Canada for its 130MW Rattlesnake Ridge wind power project.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The project is located south-west of Medicine Hat in Alberta and claimed to be one of the first subsidy-free wind farms in Canada. It is scheduled to be commissioned in early 2022.

Siemens Gamesa Onshore North America CEO Shannon Sturgil said: “We’re proud to expand our partnership with Berkshire Hathaway Energy into Canada.

“With this order, we will have over 3GW with Berkshire Hathaway Energy in North America, enough to mitigate over seven million tonnes of CO2 emissions.”

Once operational, the Rattlesnake Ridge wind power project is expected to deliver affordable clean energy to more than 79,000 Canadian homes.

According to the agreement, SGRE will supply 26 of its 5.0MW wind turbines.

The wind power project is being privately financed by BHE Canada through a combination of equity and debt. It also requires no government subsidies or tax incentives to support its operation.

During the peak construction phase, it is expected to create 150 employment opportunities in the region.

BHE Canada said currently construction works are underway and an investment of C$12m ($9.2m) has already been made in local Alberta contractors and suppliers.

The company has also signed long-term power purchase agreements (PPAs) to sell two-thirds of the energy output from the project to a Canadian corporate partner.

The project will also help Siemens Gamesa surpass a new milestone of 3.5GW of installed wind energy capacity in the country.

In a separate development, Siemens Energy has secured a contract from Kuwait’s Ministry of Electricity and Water (MEW), for providing maintenance of 116 high-voltage substations. The project aims to ensure reliable power supply across Kuwait.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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