EnBW, Siemens Financial Services and DEME Concessions Wind cooperating in the tender procedure for the Danish offshore wind farm Kriegers Flak
• Three project partners with extensive experience and expertise in offshore wind
• An indicative offer for the tender procedure has been submitted on April 5, 201
Karlsruhe. The German utility company EnBW Energie Baden-Württemberg AG enters the next round of the tender procedure for the Kriegers Flak offshore wind farm with two strong partners. DEME Concessions Wind and Siemens Financial Services join the project company Kriegers Flak ApS that has been founded by EnBW for participating in the tender procedure. According to the agreement that has been signed yesterday, Siemens Financial Services ac-quires 32.5% and DEME Concessions Wind 17.5% of the shares, the shareholding held by EnBW in the project company will thus be reduced to 50%.
The Kriegers Flak offshore wind project has a capacity of between 590 and 610 MW. In the first stage, interested parties were required to prequalify for the tender procedure and demonstrate their required financial capacity and experience in the realisation of offshore wind projects. The Danish Energy Agency (DEA) prequalified the Kriegers Flag ApS project company on October 28th 2015.
The project company submitted an indicative offer on 5 April – as was stipulated by the Danish government in the tender procedure. This represents a non-binding first offer submitted by tenderers during the dialogue phase of the tender procedure. On the basis of these offers and the requirements of the Danish Energy Agency, the contractual conditions for the submission of a binding offer will then be defined by the Danish Energy Agency in collaboration with the tenderers.The final binding offer must be submitted by 8 November 2016. The successful tenderer should be awarded the concession by the end of the year. Subject to the approval of the antitrust authorities, the construction and commissioning of the wind farm will follow in the period up to 2021.
About EnBW
The EnBW 2020 strategy envisages the expansion of renewable energies to make them one of the main pillars of the EnBW business by 2020. Offshore wind power will play an important role in this process. In the Baltic Sea, EnBW has been successfully operating Germany's first commercial offshore wind farm EnBW Baltic 1 for over three years. In September 2015, EnBW Baltic 2 was placed into commercial operation with an output of 288 megawatts. Due to the close proximity of Kriegers Flak to EnBW Baltic 2, it would be possible to benefit from synergies in the operation of both wind farms. EnBW has three further offshore projects with a total output of 1,600 megawatts in the North Sea. EnBW and Siemens AG concluded a contract for the supply and installation of 71 wind turbines of type Siemens SWT-7.0-154 including the corresponding monopile turbine foundations for the Hohe See project in February 2016.
About DEME
The Belgian dredging, environmental and marine engineering group DEME is an international market leader for complex marine engineering works. Driven by several worldwide challenges (rising sea level - the scarcity of raw materials - the growing need for energy - reducing CO2 emissions - the contamination of our waterways and soils), DEME has transformed from solely a dredging and land reclamation company to a worldwide operating multidisciplinary and innovative marine engineering and environmental group.
Building on 150 years of experience and know-how, DEME has organically moved into several related activities, such as the financing of marine engineering and environmental projects, executing EPC related complex marine engineering projects including civil engineering works, the development and construction of renewable energy projects, providing services for the oil, gas and energy sector, the decontaminating and recycling of polluted soils and sludge, the mining of marine resources (granulates and minerals), etc. Thanks to an integrated company structure, DEME strongly emerges as a global solutions provider, which offers its clients overall solutions. DEME has the most modern, high-tech and versatile fleet.
DEME was named 'Belgian Enterprise of the Year 2015' and has 4,600 employees worldwide. In 2015, the Group achieved a turnover of 2.35 billion euros. www.deme-group.com
About Siemens Financial Services
The Financial Services Division of Siemens (SFS) is an international provider of business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance with specific asset expertise in the areas of electrification, automation and digitalization. Employing more than 3,000 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens company. For more information please see www.siemens.com/finance