Power & Energy Solutions

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Strategic collaboration in the field of rotor blade research Two of the world’s leading institutions when it comes to wind energy, Danish DTU Wind Energy and German Fraunhofer Institute for Wind Energy Systems IWES have joined forces and national funded projects in the new €17.6 million RELIABLADE project creating a strategic collaboration to strengthen research collaboration and offer new innovative services to European industrial partners. Developing rotor blades For the project, researchers will develop a blade design for a 40 meter blade. This will serve as a blueprint for manufacturing two blades at Fraunhofer IWES and challenge them in experimental tests at the DTU in order to intentionally damage them under controlled conditions. `We want to improve the understanding of the structural behavior of rotor blades. Therefore, we have developed a project in which we have control over the blade design, the manufacturing and the test and can investigate the damage process over the entire blade life with advanced numerical and experimental methods. This is truly unique in the wind turbine blade research and enables us to validate complex damage models,` explains project manager Florian Sayer from Fraunhofer IWES. To cover a wide range of different damage modes, the two rotor blades for testing will

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Technical Due Diligence helped secure €60 million from the European Investment Bank to become world’s first project-financed floating wind farm Oslo, Norway– 7th  November 2018 –DNV GL, the world’s largest independent energy advisory and certification body, has successfully completed a lenders’ technical due diligence on the 25MW Windfloat Atlantic project, the biggest floating wind farm in the Iberian Peninsula. The project is the first project-financed floating wind farm. The due diligence undertaken by DNV GL was instrumental in helping the project to secure the funding from the European Investment Bank which now has announced its intention to provide a €60 million loan to Portuguese company Windplus. The project, which is located about 20 km of Costa Viana do Castelo, Portugal is currently under construction and set to become operational in 2019. It consists of an array of three 8.4MW MHI Vestas turbines, the largest and most powerful wind turbines ever installed onto a floating foundation at sea. Each turbine will operate on a Windfloat floating platform, an innovative design comprising a moored semi-submersible platform. Working in close collaboration with the company behind the project, Windplus - a subsidiary of EDP Renewables (79.4%), Repsol (19.4%) and Principle Power (1.2%). DNV GL conducted an independent energy yield assessment and undertook

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Zug, Switzerland – November 8, 2018: Since Vattenfall commissioning the European Offshore Wind Deployment Centre (EOWDC) earlier this year, the Swedish energy group has been measuring important wind parameters with ROMO iSpin technology to monitor the performance of each of the eleven enhanced MHI Vestas V164 8MW class wind turbines. The iSpin equipment was installed as part of the turbine supply contract. “With iSpin technology, Vattenfall will be able to detect deviations in the power curve, allowing them to remedy the problem and minimise energy losses.” Brian Sørensen, CEO Romo Wind adds. With its advanced wind measurement capabilities including turbulence intensity, yaw misalignment and inflow angle measurements, in addition to wind speed and direction, the iSpin equipment is an enabler for load calculations and assessments as well as the optimization of the turbines in terms of wake effects. “The ability to capture value-adding data plays a significant role in the operational phase of a windfarm. The iSpin technology contributes to Vattenfall’s ability to actively control operational risks” Kevin Jones, Head of Aberdeen Bay, Vattenfall.

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·         Revenue up 25.8 Percent and Profit before Tax Nearly Doubled to New Third Quarter Records ·         Construction Start on 11.0 MWp Solar Projects in Tiszakécske and Almásüzitő, Hungary Amsterdam – 7 November 2018 – Photon Energy N.V. (WSE: PEN, the ‘Company’), a global solar power solutions and services provider, today announced financial results for the third fiscal quarter ended 30 September 2018. The Company posted quarterly revenue of EUR 6.173 million, an increase of 25.8% from the year-ago quarter, and record profit before tax of EUR 1.543 million, up 74.8% compared to the prior-year quarter. Building further on solid first half-year results, Photon Energy delivered an excellent set of financials in the third quarter of 2018. In the reporting period the Company significantly increased revenue and operating profit, made progress with its projects in Hungary and fully placed its EUR 30 million corporate bond. The Company continues to see substantial growth in this quarter in many areas, including electricity production, development and engineering businesses and water treatment services. With revenue of EUR 6.173 million, up 25.8% against the prior-year period, Photon Energy, thanks to its new activites and a successful shift towards recurring revenue, recorded the seventh consecutive quarter in which the Company

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Sulzer acquires Brithinee Electric, a leading independent electromechanical service provider in Southern California, USA. Last year, Brithinee recorded annual sales of about USD 10 million with a workforce of 46 employees. Sulzer has acquired Brithinee Electric of Colton, California. Through this acquisition, Sulzer expands its electromechanical services business into Southern California and gains access to the Californian wind, cement and water markets with established offerings and customers. Founded in 1963, Brithinee offers electromechanical repair services, remanufacturing, redesign, upgrades, and modifications as well as custom electric control panel systems. The facilities are located in Colton, CA, USA. Integration will start immediately after closing. Jim Mugford, President Sulzer Electro Mechanical Services says, “Brithinee strongly complements our existing service network in the Western United States and Texas. The company has an outstanding reputation with its customers, including key customers in renewable power generation and water as well as wastewater markets. With this acquisition, we look forward to welcoming Brithinee to the Sulzer team.” About Sulzer Sulzer's core strengths are flow control and applicators. We specialize in pumping solutions and services for rotating equipment, as well as separation, mixing and application technology. Our customers benefit from a network of over 180 production and service sites around the world. Sulzer

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The appointment of two new WinGD training partners will provide easier access to high quality training for ship operators and crews. Strategically chosen for their high qualifications and location in prime maritime geographical areas, WinGD has signed agreements with Giga Mare Inc. in the Philippines, and BlackSea Training in the Ukraine. By partnering with these training facilities in these key global locations, WinGD extends their services offered to ship owners in support of their low-speed dual-fuel and diesel engines. “The appointment of Giga Mare and Black Sea Training as official WinGD engine training partners is an important step in our plan to provide the highest level of training and support for operators of our engines on both a global and a local basis. With these key partnerships, we ensure that training programmes for engines developed by WinGD can be accessed where it is most convenient for the end users of our engines, reducing and in some cases eliminating the costs and hassle of travel.” Said Rudolf Holtbecker, Operations Director for WinGD. High quality training is essential to ensure that ship operators can truly optimize their vessels’ performance. With a deeper understanding of the main engine and its applied technologies, through comprehensive training, operators and

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Spain, November 6, 2018. Ingeteam, the world-leading supplier of electrical conversion equipment, announced today that it received DNV GL’s certification for its Ingecon®Wind stator-equipped 2MW DFIG converter. With this latest achievement, Ingeteam completes the range of its products covered under DNV GL certification, such as the medium voltage full power converters and the statorless DFIG converters; and demonstrates its ability to consistently meet DNV GL’s quality and safety requirements across multiple drive-train topologies.    Ingeteam’s low voltage DFIG power converters have been developed with a modular FRT solution to optimize cost-effectiveness and fulfil the strictest international grid codes. It is a mature technology used by many of the main turbine manufacturers, offering key advantages with regards to costs and sizes savings. The DNV GL Component Certificate confirms that ingeteam’s converter is designed, documented and manufactured in accordance to design assumptions, specific standards and technical requirements, globally. It also makes the process of new turbine development easier, speeding up the integration of components to wind turbine platforms. “To this day, DFIG converters remain the most proven, efficient and cost competitive drive train topology,” explained Ion Etxarri Sangüesa, R&D Quality Team Leader of Ingeteam Wind Energy. “Our DFIG converter series offer cost-optimized products for each

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• EBIT margin (1) at 7.6% with a sound balance sheet, returning to a net cash position of €615 million • Strong performance in Q4: revenue growth to €2,619 million (+12% YoY) and EBIT margin (1) at 8.2% • Peak backlog of €22.8 billion (+10% YoY), boosted by stable order intake of €11.8 billion (+9% YoY), securing future growth • Ready for the next phase of the company program L3AD2020, after achieving productivity improvements of €800 million, including €175 million in synergies • Guidance set for FY 2019: revenues of €10-11 billion, EBIT margin (1) of 7-8.5% and on track to meet FY 2020 targets based on financial framework launched at CMD Siemens Gamesa Renewable Energy today released its results for FY 2018 (October-September) and the fourth quarter (July-September). In the full year, ended September 30, 2018, revenue amounted to €9,122 million, while EBIT pre-PPA, restructuring and integration costs was €693 million with an EBIT margin at 7.6%, The EBIT margin is impacted by double-digit price decline in onshore wind turbine business partially compensated by synergies and productivity and the strong performance in Service. Net income continued to recover, reaching €70 million inFY 2018, including the impact of integration and restructuring costs (€176 million). The company increased

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As informed in Company Announcement no. 30 of 13 November 2017, NKT has signed a Preferred Bidder Agreement (PBA) for delivery and installation of export cable systems to the prospective offshore wind farm project Moray East. Now, NKT and the project developer, MOWEL, Moray East Offshore Windfarm Ltd, owned by EDP Renováveis S.A., ENGIE and Diamond Generating Europe Ltd., have signed the final binding agreement on the project. For NKT, it means that the order is confirmed. The Moray East project comprises manufacture of approx. 175 km of 220 kV AC offshore export cables, installation by the NKT Victoria cable-laying vessel and burial of the cables. The order represents a contract value for NKT of approx. EUR 150m (approx. DKK 1,118m) in market prices, equivalent to approx. EUR 140m (approx. DKK 1,043m) in standard metal prices. Installation of the cables is expected to commence in 2020. The Moray East offshore wind farm is to be situated off the north-east coast of Scotland and will provide electricity for approx. one million UK households when fully commissioned by 2021.

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Hamburg, 1 November 2018. The Nordex Group has secured an order for a total of 57.6 MW for a cluster of wind farms in Mecklenburg-Western Pomerania, Germany. The "Hoort" wind farm is a joint project by LOSCON GmbH, a wind farm developer, and mea Energieagentur Mecklenburg-Vorpommern GmbH (mea), a wholly owned subsidiary of the municipal utility WEMAG AG. Nordex is to supply 16 N117/3600 turbines, ten to LOSCON GmbH and six to mea. The order also includes Premium Service contracts, each with a period of 15 years and an option to extend by a further five years. In August 2018 the "Hoort" project was awarded contracts in the third bidding round for onshore wind turbines in Germany. With a rated installed capacity of 57.6 MW "Hoort" will be the largest wind field currently under construction in Mecklenburg-Western Pomerania. Construction is due to begin at the end of 2018 with the turbines being installed in the summer of 2019. Key features of the project to the south of Schwerin are the local value creation and the citizen participation. Apart from the turbines, which Nordex will manufacture in its Rostock plant, the manufacturer will also be setting up a service point for maintenance of

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