Tag Archives: Senvion

Senvion and Siemens Gamesa sign agreement for the sale of European Onshore Services business and Portugal blade facility

Senvion today announced that its exclusive negotiations with SGRE concerning the sale of a large part of the company’s European Onshore Services business and its blade production facility in Portugal have been concluded successfully. A corresponding agreement was unanimously approved by Senvion’s creditors’ committee on 11 October and signed today. The transaction in respect of … Continue reading Senvion and Siemens Gamesa sign agreement for the sale of European Onshore Services business and Portugal blade facility

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Siemens Gamesa agrees to purchase a selection of Senvion wind energy assets

The operation will strengthen the competitive position of Siemens Gamesa in the segments of services and terrestrial wind energy in key European markets. This acquisition will allow the company to service an even wider range of wind turbine technologies, completing its multi-technology service offering.Siemens Gamesa Renewable Energy announces today that it has reached an agreement … Continue reading Siemens Gamesa agrees to purchase a selection of Senvion wind energy assets

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Senvion enters into non-binding exclusivity agreement with Siemens Gamesa

Senvion announced that it has entered into an exclusivity agreement with Siemens Gamesa to pursue negotiations for the sale of selected Services and Onshore wind power assets in Europe. The agreement was approved unanimously by Senvion’s creditors’ committee. The approval of the insolvency plans by the creditors’ assembly on 11 September enabled this transaction. The … Continue reading Senvion enters into non-binding exclusivity agreement with Siemens Gamesa

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Senvion receives advanced offers

Senvion announced that it has received several advanced offers for various substantial core parts of its wind power business. The company is entering final stages of the M&A process and will present the investor concepts to the creditors’ assembly for a vote on 10 September 2019. The wind turbines company has also put in place … Continue reading Senvion receives advanced offers

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Senvion India to gain operational control for better local wind energy market positioning

Senvion announced that it has decided to transform Senvion India into an independent standalone operational wind power business unit. The new arrangement means that Senvion India can operate independently to offer all wind turbines to its clients including in-country wind turbine supply agreements, engineering, manufacturing, local R&D support and wind farm service provision. The arrangement … Continue reading Senvion India to gain operational control for better local wind energy market positioning

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Senvion announces agreement with its lenders

Senvion today announced that it has reached an agreement with its lenders which gives financial support for the continuation of its business until the end of August and potentially for a period thereafter if ongoing talks with lenders can be concluded successfully. This agreement enables Senvion to further accelerate its M&A process in order to … Continue reading Senvion announces agreement with its lenders

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Senvion continues installed wind turbines growth

Senvion successfully completed the installation of 546 MW in the first six months of 2019 and achieved 89% yoy growth compared to the 289 MW in the corresponding period in 2018. The growth was largely driven by installations in new markets, namely Latin America and Australia. In addition to the continued growth in capacity, two … Continue reading Senvion continues installed wind turbines growth

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Senvion completes installations of key wind energy projects in growth markets

Senvion has successfully completed the installation of three key wind farm projects in Chile and Australia. In Chile, the Sarco and Aurora wind power projects consist of 93 wind turbines with a total installed capacity of around 299 MW. In Australia, the Pacific Hydro Crowlands Wind Farm features 39 Senvion MM92 turbines. The commissioning of … Continue reading Senvion completes installations of key wind energy projects in growth markets

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Senvion secure 200 MW offshore wind farm

Senvion and Trianel Windkraftwerk Borkum II GmbH & Co. KG (TWB II) announced today to continue their cooperation. The wind energy project partners have agreed on a new supply contract, which will ensure supply of wind turbines for the Trianel Borkum II wind farm. The remaining 17 of the 32 wind turbines are supposed to … Continue reading Senvion secure 200 MW offshore wind farm

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Senvion completes installation of first 2.3M130 wind turbine

Senvion has successfully completed the first installation of the new 2.3M130wind turbine in Gujarat, India. With a rotor diameter of 130 metres, it is one of the largest turbines ever installed in India. Its installed capacity of 2.3 MW will provide electricity to over 1,500 Indian households. The 2.XM platform combines robust, reliable and proven … Continue reading Senvion completes installation of first 2.3M130 wind turbine

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Customers support Senvion with 100 MW wind energy contract extension

Senvion, Libeccio S.r.l. and ERG Power Generation S.p.A. have signed extensions for existing service contracts for two wind farm projects in Italy. Senvion has provided the service for 48 wind turbines (total of 107.8 MW) since their installation. The wind power projects are part of the 14.1 GW installed capacity serviced by Senvion globally. These … Continue reading Customers support Senvion with 100 MW wind energy contract extension

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Lincoln Gap wind farm delivers first wind power to grid as it deals with Senvion wind turbines

he 212MW Lincoln Gap wind farm, located near Port Augusta in South Australia, has exported its first energy generation as project owner Nexif Energy said it had intervened to keep the project on track while Senvion sorts out its financial problems. The Lincoln Gap wind farm is one of the biggest new renewable energy developments … Continue reading Lincoln Gap wind farm delivers first wind power to grid as it deals with Senvion wind turbines

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Senvion signs EUR 100m loan agreement

Senvion, its lenders and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility. The facility enables Senvion to continue its business operations following last week’s self-administration filing. The DIP facility has received Board approvals and allows substantial drawings already this week, thus enabling the company … Continue reading Senvion signs EUR 100m loan agreement

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Senvion TopCo GmbH files a petition for ordinary insolvency

Senvion Holding GmbH (the “Issuer”) today filed a petition to commence self-administration proceedings (Eigenverwaltungsverfahren) pursuant to section 270 of the German Insolvency Code (Insolvenzordnung) with the competent Local Court (Amtsgericht) in Hamburg (the “Court”). Additionally, Senvion TopCo GmbH, the Issuer’s direct parent company (the “Parent”), filed a petition for ordinary insolvency proceedings with the Court. … Continue reading Senvion TopCo GmbH files a petition for ordinary insolvency

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Senvion Holding GmbH Announces Second Consent Solicitation

Senvion Holding GmbH (the “Issuer”), announced today that it is soliciting (the “Solicitation”) consents (the “Consents”) from holders of its outstanding 3.875% Senior Secured Notes due 2022 (the “Notes”) to approve amendments (the “Proposed Amendments”) to the indenture relating to the Notes (the “Indenture”) to allow the incurrence by the Group of certain new financing … Continue reading Senvion Holding GmbH Announces Second Consent Solicitation

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Senvion accelerates its transformation program

Senvion GmbH today filed for self-administration proceedings in order to safeguard its ongoing transformation program. These preliminary self-administration proceedings relate to Senvion GmbH as well as its subsidiary Senvion Deutschland GmbH. After refinancing discussions with lenders have so far not come to a positive conclusion. The objective of the proceedings is to allow Senvion to … Continue reading Senvion accelerates its transformation program

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Senvion Holding GmbH Announces Consent Solicitation

Senvion Holding GmbH (the “Issuer”), announced today that it is soliciting (the “Solicitation”) consents (the “Consents”) from holders of its outstanding 3.875% Senior Secured Notes due 2022 (the “Notes”) to approve amendments (the “Proposed Amendments”) to the indenture relating to the Notes (the “Indenture”) to require, among other things, the instruction from holders of Notes … Continue reading Senvion Holding GmbH Announces Consent Solicitation

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Senvion appoints Neil Robson as Chief Restructuring Officer

Senvion today announced the appointment of Neil Robson as Chief Restructuring Officer (CRO). He will be part of the management board, reflecting the company’s increased focus on securing financing solutions underpinning the implementation of the transformation programme. Neil Robson in his new role as CRO will be an important pillar in the financing discussions required … Continue reading Senvion appoints Neil Robson as Chief Restructuring Officer

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Senvion installs the tallest wind turbines in France

Senvion installs the tallest wind turbines in France for BayWa r.e. With a tip height of 200 metres, the Senvion 3.0M122 wind turbines are currently being installed in the wind farm Les Landes, located in the French department of Haute Vienne. Olivier Perot, Managing Director of Senvion Europe South, states: “Thanks to its flexible and … Continue reading Senvion installs the tallest wind turbines in France

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Senvion secures the first offshore wind farm in the Mediterranean Sea

Italian near shore wind farm to feature ten 3 MW wind turbines. Senvion has concluded a 30-megawatt (MW) contract with Renexia for the first offshore wind farm in the Italian Mediterranean Sea. The wind farm will feature ten Senvion 3.0M122 wind turbines, installed on monopile foundations in a water depth ranging from 3 to 18 … Continue reading Senvion secures the first offshore wind farm in the Mediterranean Sea

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