Senvion's offshore business helped revenues despite an overall fall onshore <\/p>\n
The firm's results were backed by its servicing and offshore segments, as onshore revenues fell 25% compared to 2016, totalling 490.8 million. <\/p>\n
Offshore revenues, however, grew 146% from 75 million to 184.3 million in the first six months of 2017. This was due to a 307 million order for the 203MW Trianel Windpark Borkum II offshore project in Germany, where Senvion will supply its 6.2MW turbine. <\/p>\n
Onshore revenues fell in many of Senvion's core markets during H1, including the UK, Canada, Portugal and Belgium. However, there was a 27.5% increase in onshore revenues in Germany. <\/p>\n
\"Our performance in the first six months of 2017 is in line with our expectations. Senvion continues to face a challenging environment whilst we are remaining on track,\" said Senvion CEO Juergen Geissinger. <\/p>\n
\"We have been making progress in shaping our company for the future in times of fast decreasing levelised costs of energy as many markets shift to auction-based systems. <\/p>\n
\"Our order intake is growing and we continue to introduce products successfully. Our Chile contract has finally closed financing and is now being converted into a firm order, which is another milestone for our company,\" Geissinger added. <\/p>\n
Earlier this week, developer Aela Energia completed the financing for a 299MW of capacity in Chile, which Senvion will supply with turbines from its 3MW platform. <\/p>\n
As a result of the deal, Senvion reduce its guidance for 2017 saying the revenue would move to 2018. Senvion now expects 2017 revenues to total 1.9-1.95 billion, down from an initial 2-2.1 billion. <\/p>\n
Register now to enjoy more articles and free email bulletins. <\/p>\n
<\/p>\n
Read the original: <\/p>\n
Offshore boosts Senvion revenues amid onshore fall - Windpower Monthly (subscription)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Senvion's offshore business helped revenues despite an overall fall onshore The firm's results were backed by its servicing and offshore segments, as onshore revenues fell 25% compared to 2016, totalling 490.8 million. Offshore revenues, however, grew 146% from 75 million to 184.3 million in the first six months of 2017. This was due to a 307 million order for the 203MW Trianel Windpark Borkum II offshore project in Germany, where Senvion will supply its 6.2MW turbine Continue reading