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German wind turbine manufacturer Senvion, its lenders, and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100 million debtor-in-possession (DIP) facility. According to Senvion, the DIP facility enables the company to continue its business operations following last week’s self-administration filing. The loan has received Board approvals and allows substantial […]
Senvion GmbH has filed for self-administered restructuring proceedings after refinancing discussions with lenders have so far not come to a positive conclusion. These preliminary self-administration proceedings relate to Senvion GmbH as well as its subsidiary Senvion Deutschland GmbH. The objective of the proceedings is to allow Senvion to proceed with the transformation process that was […]
German wind turbine manufacturer Senvion has concluded a 30MW contract with Renexia for the first offshore wind farm in the Italian Mediterranean Sea. The wind farm will feature ten Senvion 3.0M122 turbines installed in front of Taranto harbour on monopile foundations in water depths ranging from 3 to 18 metres. The installation and the commissioning […]
Senvion has started to implement a transformation program to eliminate operational inefficiencies which led to a loss of revenue and profit in the 2018 financial year. Senvion stated that the immediate measure is focusing on disciplined execution throughout the installation chain with a target to recover lost revenues and profits in the new financial year. This comes […]
Innogy has awarded Senvion a four-year service agreement for the Nordsee Ost offshore wind farm in Germany that consists of 48 Senvion 6.2M126 turbines.
Senvion’s newly appointed Chief Executive Officer (CEO) Yves Rannou will officially take over the role on 1 January 2019.
German wind turbine manufacturer Senvion has started the production of the turbines for the 200MW Trianel Windpark Borkum II offshore wind farm.
German wind turbine manufacturer Senvion and Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) have joined forces under a new agreement that will see the two companies cooperating to market, sell, install and operate Senvion wind turbines in Japan.
The Orange Blue Terminal in Eemshaven and the wind turbine manufacturer Senvion have signed an agreement for services related to the Trianel Windpark Borkum II offshore wind project.
German wind turbine manufacturer Senvion has appointed Yves Rannou as Chief Executive Officer (CEO), effective from March 2019 at the latest.
German wind turbine manufacturer Senvion has announced that the company’s Chief Executive Officer Jürgen Geißinger is stepping down with the Board’s agreement.
German wind turbine manufacturer Senvion reported a firm order intake of EUR 306 million in its offshore wind segment in 2017, compared to no firm orders recorded a year earlier.
Senvion plans to launch a prototype of the 10MW+ offshore wind turbine by late 2019 or early 2020, Jörg Philp, Head of Sales Offshore at Senvion, said.
German wind turbine manufacturer Senvion has partnered with EnBW and R&D institutes such as DTU, ECN and Fraunhofer IWES to jointly develop a 10MW+ offshore wind turbine.
Senvion posted an increase in revenues at its offshore segment for the first nine months of 2017, however, the third quarter itself saw a decline compared to Q3 2016. The offshore revenues are driven by the completion of wind turbine installation at Nordsee One, which especially reflected on the results for the first half of the year and only to some extent on those for the third quarter.
German wind turbine maker Senvion recorded EUR 184 million in offshore wind-related revenues in the first half of 2017, a 145% increase compared to the first half of 2016.
German wind turbine maker Senvion has appointed Steven Holliday as the new Chairman of the Supervisory Board effective June 15, 2017.
German wind turbine maker Senvion has been appointed by Beleolico Srl, a Belenergia S.A. affiliate, as the supplier for the 30MW Taranto offshore wind farm.
Engineers at Senvion are launching a study in the second quarter of 2017 to identify what technical modifications to the company’s 6.2M152 wind turbine are necessary ahead of its floating wind debut off France. In July 2016, France officially approved the 24MW EolMed floating wind pilot project in the Gruissan area, some 15 kilometres off the Mediterranean […]
German wind turbine maker Senvion reported EUR 90.6 million revenue from the sale of offshore wind turbines in the first three months of 2017, a 217.9 jump compared to EUR 28.5 million revenue recorded in the first quarter of 2016.
Senvion informed on 8 May that its contract for the 203MW Trianel Windpark Borkum II (TWB II) is now effective, following the confirmation of the notice to proceed with Trianel Windkraftwerk Borkum II GmbH & Co KG at the end of April.
German wind turbine manufacturer Senvion has set in motion a transition plan expected to put the company on track towards double-digit growth in revenues and absolute EBITDA by 2019.
German wind turbine manufacturer Senvion plans to cut 780 jobs mainly at its facilities in Husum, Trampe and Bremerhaven in an effort to ”make the company competitive again.”
Buss Orange Blue Terminal and Senvion have signed an agreement for the Nordsee One offshore wind farm, under which Buss will take care of planning, transport and interim storage on the terminal premises to pre-assembly and subsequent delivery of the components to the quayside. From February 2017, a total of 378 main components, comprising 61.5-metre long […]
German wind turbine manufacturer Senvion has acquired 100 per cent of the shares of Euros Group in an all-cash transaction. Euros, located in Berlin and southern Poland, covers all areas of rotor blade design and production as well as master plug and mould design. The fully functional blade, mould and master plug manufacturing facilities in […]
German wind turbine manufacturer Senvion more than tripled its revenue from the sale of offshore wind turbines in the third quarter of 2016, which the company attributed to progress on the Nordsee One and the Nordergründe offshore wind projects. Offshore wind turbines brought Senvion EUR 88.3 million in revenue in the third quarter of 2016, a […]