Siemens secures order for largest wind farm in Ontario with K2 Wind Power Project

Joint venture further demonstrates the success of Ontario's green energy economy

OAKVILLE, ON, May 5, 2014 /CNW/ - Siemens Canada announced that it will supply, install and commission one of the largest Canadian wind turbine orders from Samsung Renewable Energy Inc. (Samsung), Capital Power, and Pattern Energy Group LP (Pattern Development). The SWT-2.3-101 wind turbines for the K2 Wind project (K2 Wind) will be located in Goderich in southwestern Ontario. Along with the South Kent Wind project in Chatham-Kent, this 270-megawatt (MW) project will be the largest wind farm in Ontario, generating clean power for approximately 100,000 Ontario homes.

More than 1,000 workers from across Ontario will be involved in the manufacturing and installation of the K2 Wind project, as well as site construction and operations. Once operational, the project is anticipated to create up to 24 permanent full-time positions, generating $1.5 million of employment income annually.

Construction of the project is now underway with commercial operation expected by spring 2015. All 420 49-meter blades will be manufactured at the Siemens blade facility in Tillsonburg, Ontario, and 140 towers for the project will be manufactured locally at CS Wind's facility in Windsor using Ontario-made steel. The deal includes a three-year service and maintenance agreement.

As Canada faces increasing environmental and economic challenges, Siemens is making great strides toward a sustainable energy future by providing efficient, affordable and clean power. This joint venture between Samsung, Capital Power, and Pattern Development further demonstrates the progress of the Green Energy Investment Agreement between Samsung and the Ontario Government. It also underscores the success of the Green Energy Act as part of the Province's commitment to economic growth and environmental sustainability.

Siemens' wind turbine Service and Maintenance Distribution Centre in Chatham, Ontario, will support this project. The centre stores commonly used wind turbine parts and serves as a training centre to develop and advance technical and safety skills for the firm's wind technicians.

The Canadian wind energy market is growing at a rapid rate and Canada is now the ninth largest producer of wind energy in the world with current installed capacity at roughly 7,800 MW.¹ Siemens Canada is contributing to this growth and holds a leading position in the Ontario market with over 1 GW of installed capacity.

K2 Wind is a strong supporter of the local community. The project has created a Community Benefits Fund Agreement with the Township of Ashfield-Colborne-Wawanosh to deliver approximately $15 million in funding for community initiatives over the next 20 years. Additionally, K2 Wind will provide financial benefits to 90 local farm families, who will collectively receive more than $3.2 million in annual revenue through land lease agreements and other benefits. More information about the project is available at www.K2Wind.ca.

QUOTES:

  • "This is an important announcement for Siemens, their partners and the local communities that will greatly impact Ontario's economy while demonstrating the province's commitment to clean energy."
    The Honourable Bob Chiarelli, Ontario Minister of Energy

 

  • "We're proud to provide Ontario-made turbines for the K2 Wind project. We greatly value our partner's confidence in our products and services and are pleased to continue to provide Ontario with jobs, economic growth and viable, affordable and sustainable wind energy."
    Jacob Andersen, Vice President, Wind Power, Siemens Canada

About Siemens Canada
For more than 100 years the innovative ideas from Siemens have helped make Canada a better place. From the Atlantic to Pacific oceans, more than 4,500 employees in Canada work together to provide answers that last in the fields of industry, energy, healthcare and infrastructure solutions for cities. Since it was federally chartered in 1912, Siemens has stood for technical achievements, innovation, quality and reliability. Sales for Siemens in Canada in fiscal 2013 (ended September 30), were $2.0 billion CAD. The company has 46 offices and 18 manufacturing/assembly facilities across Canada. Further information is available at www.siemens.ca.

Watch this video to learn more about Siemens Canada Wind Power.

¹Source : CanWEA

This press release may contain forward-looking statements based on the beliefs of the management of Siemens Canada Limited and its affiliates. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project," are used to identify forward-looking statements. Such statements reflect the management's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, among others, changes in general economic and business conditions, changes in currency exchange rate and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens Canada Limited and its affiliates do not intend or assume any obligation to update these forward-looking statements.

SOURCE: Siemens Canada Limited

For further information: Press Contact: Ann Adair, Vice President, Communications and Strategy, Siemens Canada Limited, Phone: 416.567.7831, E-mail: ann.adair@siemens.com; Follow us: www.twitter.com/siemensincanada

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