ABB Ltd
18 September 2007
ABB wins power order worth more than $400 million for world's largest offshore
wind farm
Innovative technology will connect wind-generated electric power to grid
Zurich, Switzerland, Sept. 18, 2007 - ABB, the leading power and automation
technology group, has won an order worth more than $400 million from the German
utility E.ON Netz GmbH to supply the power equipment that will connect the
world's largest offshore wind farm to the German grid.
ABB will connect the 400-megawatt (MW) Borkum-2 park using its innovative and
environmentally friendly HVDC Light (high-voltage direct current) transmission
technology, which gives utilities complete control over the power supply and
increases grid stability. Located more than 100 kilometers off the German coast
in the North Sea, it will be the most remote wind farm in the world.
'Linking renewable sources of power to the grid can be challenging due to
environmental conditions and the distance involved,' said Peter Leupp, head of
ABB's Power Systems division. 'This project highlights how renewable power
sources can be integrated to help combat climate change.'
Scheduled to be operational in September 2009, the wind farm is expected to
avoid CO2 emissions of 1.5 million tons per year by replacing fossil-fuel
generation. Germany currently uses wind for about 7 percent of its electricity
requirements and expects to double the share of wind energy by 2020.
ABB is responsible for system engineering including design, supply and
installation of the offshore converter, sea and land cable systems and the
onshore converter. Most of the transmission system provided by ABB will be laid
underwater and underground, thus minimizing environmental impact.
HVDC Light offers numerous other environmental benefits, such as neutral
electromagnetic fields, oil-free cables and compact converter stations, and is
ideal for connecting remote wind farms to mainland networks without distance
limitations or constraints on the grid.
ABB is the world's largest supplier of electrical products and services to wind
turbine manufacturers. The Group's wind power business grew on average by more
than 50 percent a year over the last three years and in 2006 generated revenues
of more than $500 million.
ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 111,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.