Siemens wins billion-dollar NAmerica wind power orders

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Germany's Siemens said Tuesday it has won two orders in the United States and Canada to supply wind turbines that experts said were worth around 800 million euros (1.1 billion dollars).

Siemens will supply wind turbines capable of producing 600 megawatts of electricity, enough for 240,000 households, in Ontario. It will also provide 98 turbines for an Oklahoma wind farm, enough for 227 megawatts.

Market prices for land-based wind turbines are around one million euros per megawatt, meaning the orders are worth around 800 million euros for Siemens, industry specialists said.

"North America is a very important market for wind power," said Rene Umlauft, head of Siemens' Renewable Energy division.

© 2010 AFP

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