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Siemens and Dong energy sign €2.5bn offshore wind power deal

Siemens and Dong energy have agreed a major new offshore-turbine supply deal. Siemens will supply 300 of its 6MW offshore turbines to offshore wind-farm projects planned by DONG for UK waters between 2014 and 2017. Siemens will 'design, manufacture, supply, install and service' the turbines, while DONG Energy will pay a cancellation fee if the projects covered by the deal are cancelled. Siemens are now significantly more likely to move forward with plans for a new £210m wind turbine factory in Hull, as the deal is for wind farms in UK waters.
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