Siemens Energy, an integral part of global electronic and
electrical engineering company
), recently procured a contract for wind turbines for an on-shore
wind-power facility in Peru from Spanish wind developer Cobra
Energia. The order will enhance Cobra Energia's wind power
generation capacity in Peru by 97 megawatt (MW).
The new wind-power project named Tres Hermanas is located in San
Juan de Marcona and includes a combination of 25 direct drive
SWT-3.0-108 wind turbines and 8 geared SWT-2.3-108 units. In
addition to the wind turbines, Siemens Energy has also signed a
6-year service and maintenance agreement for the project, which
is likely to be commissioned in Jul 2015.
Cobra Energia has long-serving business ties with Siemens.
Earlier in Sep 2013, Cobra Energia purchased 11 Siemens wind
turbines with a total capacity of 32.1 MW for the Marcona wind
project. The Tres Hermanas project will be located adjacent to
the Marcona wind project. Siemens will manufacture blades and
geared nacelles for the turbines of Tres Hermanas project at its
United States plants in Iowa and Kansa.
The repeat order from Cobra Energia will help both the companies
to expand their wind power activities in Peru and provide clean
renewable energy to more than 90,000 households. The project is
in line with Peru's energy goals to reduce its dependence on
natural gas and decrease carbon dioxide emissions. With this
order, Siemens is likely to strengthen its position as one of the
leading global providers of green energy.
Siemens' Energy business segment comprises Power Generation (PG),
Power Transmission & Distribution (PTD) divisions, Fossil
Power Generation, Renewable Energy and Solutions for the Oil and
The PG division offers services and products, such as the
planning and construction of power plants, the manufacture and
installation of components and systems, power plant upgrades,
energy management systems, and fuel cells.It also supplies
turbines, compressors, and complete solutions for industrial
plants, particularly in the oil and gas industry. The PTD
Division is a manufacturer, systems integrator and provider of
solutions and services for the power utilities and industry
customers, which enables utilities to transport and distribute
Siemens presently has a Zacks Rank #2 (Buy). Other players in
the industry worth considering include
GrafTech International Ltd
) carrying a Zacks Rank #1 (Strong Buy), along with
Trimble Navigation Ltd.
), both carrying the same rank as Siemens.
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