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Blowing Strong: Siemens Introduces 4 MW Offshore Wind Turbine

February 5, 2013

The solar industry may be capturing most of the renewable energy headlines with its volatile share prices and seemingly large deals, but Siemens Energy (SI :NYSE) has been quietly developing a renewable energy empire with its wind turbines. And today they announced the launch of their new 4 megawatt (MW) offshore wind turbine.

The SWT 4.0-130 was installed in Denmark in December 2012 and has been performing well according to Siemens. The new turbine utilizes three rotor blades that are 63 meters in length, allowing the turbine to sweep an area equivalent to two football fields.

While Siemens has solar power as part of its Energy portfolio offerings, wind turbines are the major revenue generator for this division of the company that realized $44.8 million in revenue during fiscal 2012. Suntech Power (STP:NYSE) only realized $3.146 billion in 2011 and isn’t expected to fair much better in 2012.

Serial production of the SWT 4.0-130 is expected to begin in 2015.

Shares of Siemens were up 1.18 percent in late day trading.

Image

The SWT 4.0-130 in Denmark.

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