Siemens Energy AG
has successfully placed subordinated mandatory convertible notes with an
aggregate principal amount of EUR 960 million. The notes will be convertible
into newly issued or already existing registered no-par value shares of the
company. Pre-emptive rights of the company’s shareholders to subscribe for the
notes were excluded.
- Turnkey installation and service of the grid connection systems BorWin4 and DolWin4
- Green wind power for around 1.8 million people
- Largest offshore grid connection order in the history of Siemens Energy
Two new power links set the course for
more wind energy in the German power grid: DolWin4 and BorWin4 will transport
up to 1.8 gigawatts (GW) of green wind power from several wind farms in the
German North Sea to land with low losses. As a result, they will be able to
meet the demand of a major city like Hamburg with 1.8 million inhabitants.
Amprion Offshore GmbH has now commissioned Siemens Energy to supply the
necessary technology for the converter stations of their first grid connection
projects. The order value is in the high three-digit million-euro range, making
it the largest offshore grid connection order Siemens Energy has received to
date.
- Launch of single-phase dry-type transformer for pole applications
- More reliable, durable and environmentally friendly alternative to oil-filled transformers
With CAREPOLETM Siemens Energy
launches an innovative dry-type single-phase transformer for pole applications. Designed
for the technological requirements of the American grid, the new cast-resin distribution
transformer provides a reliable and sustainable alternative to oil-filled
transformers.
- Surplus wind energy from Germany for Great Britain
- 1.4 gigawatts, supplying 1.5 million homes
- Saving of 16 million tons of CO2
Siemens Energy and the NeuConnect
consortium have signed a contract for the supply of a turnkey High-Voltage
Direct Current (HVDC) transmission system for the first power link between Great
Britain and Germany (“NeuConnect Interconnector”). The HVDC link will connect
two of Europe's largest energy markets and enable up to 1.4 gigawatts of
electricity to be exchanged in both directions, enough to power up to 1.5
million homes. Access to a more diverse and sustainable energy mix will
increase security of supply in both countries. Through the more efficient use
of renewable energy, the connection will result in savings of up to 16 million
tons of CO2 emissions. The order value for Siemens Energy is in the
high three-digit million euro range and will be booked for the current fiscal
year.
- Greenlink interconnector will increase power supply security and foster the integration of
renewable energy
- Consortium of Siemens Energy and Sumitomo Electric to supply HVDC cable and converter
technology
Siemens Energy, together with its consortium partner Sumitomo Electric, have signed a contract
with Greenlink Interconnector Limited. Siemens Energy will deliver the high-voltage direct current
(HVDC) converter technology for the 190km electricity interconnector Greenlink. The 500-
megawatt HVDC link will connect the power grids of Ireland and Great Britain. As the power can flow in either
direction, depending on supply and demand in each country, it allows both countries to benefit
from increased grid stability, security of power supply and cost-effective growth and integration of
low carbon energy. Work will begin at the start of 2022 following financial close.
- Framework agreement for construction and upgrade of substations in Southern Norway
- Norway is a front-runner in phasing out climate-harming gases in power transmission
- Siemens Energy’s vacuum interrupter technology in combination with clean air insulation
reaches almost 6-million hours of commercial operation
Siemens Energy and Norwegian distribution system operator Lyse Elnett signed a framework
agreement to strengthen the Norwegian power grid. Under this agreement, Siemens Energy will
provide services and transmission products for various substations in the Sør-Rogaland region in
Southern Norway. By constructing new substations and modernizing existing ones, Lyse Elnett not
only rises to the challenges of increasing energy demand and the volatile feed-in of renewables: the
framework agreement also stipulates that Lyse Elnett can, over time, fulfill its objective of more
environmentally friendly power transmission by eliminating fluorinated gases (F-gases) in their
substations.
On June 5 (World Environment Day*), Siemens Energy and Mitsubishi Electric signed a Memorandum of Understanding (MoU) to conduct a feasibility study on the joint development of high-voltage switching solutions with zero global-warming potential (GWP) that substitute greenhouse gases with clean air for insulation. Both companies will research methods for scaling up the application of clean-air insulation technology to higher voltages. They’ll start with a 245-kV dead-tank circuit breaker that will speed up the availability of climate-neutral high-voltage switching solutions for customers around the globe. Both partners will continue to manufacture, sell, and service switchgear solutions independently.
- SuedOstLink will transport environmentally friendly electricity from northern to southern Germany
- High-voltage direct current transmission enables low-loss transport of up to two gigawatts over more than 500 kilometers
The demand for renewable energy is rising. In 2020, global production of electricity from renewable sources, such as wind or solar energy, increased by 10.3 percent. Most environmentally friendly electricity in Germany is produced on land and at sea by large wind power plants in the north. At the same time, Germany also needs electricity in its south region where most industrial plants are located, and a growing number of conventional power plants are being taken offline. To ensure a continued reliable supply of energy in Southern Germany, transmission system operators 50Hertz and TenneT are planning to build the SuedOstLink electricity highway. It will transport excess energy from northern Germany and ensure that green electricity can be supplied to the South. Siemens Energy will deliver the converter technology, that will enable the low-loss transport of electricity over more than 500 kilometers.
- Two static synchronous compensator (STATCOM)
systems and two synchronous condensers will ensure stability of Italian
grid
- First space saving, single
phase and containerized 125 Mvar STATCOM solution
Italian transmission system
operator Terna. S.p.A (Terna) has ordered two static synchronous compensator
(STATCOM) systems for grid stabilization from Siemens Energy. It is Siemens
Energy’s first STATCOM order from Italy and will help the country meet new power
grid challenges posed by the energy transition.