EU Enery announce frame agreement with Midwest Wind Energy Finance

(PresseBox) ( Lübeck, Germany, )
EU Energy plc (“EU Energy”) is pleased to announce it has concluded a frame agreement (“Agreement”) with Midwest Wind Energy Finance, LLC, a Minneapolis based company, to supply 340MW of DeWind D8.2 Wind Energy Converters (WECs) for their projects over the next 6 years.

The agreement provides for delivery of the first 20, 80m rotor turbines to Midwest in 2007 and a further 15, 80m rotor and 15, 90m rotor turbines each year for a further 5 years.

“We are pleased to have come to an agreement with Midwest Energy finance. Their long relationship with rural business and communities is perfect for our 2MW turbine. Our quality, reliability and technology will suit the strong values that Midwest uphold, such as efficiency and personal service” said EU Energy’s chairman and CEO, Michael Porter.

The DeWind D8.2 is an advancement of the highly reliable D8 turbine and incorporates the Voith WinDrive hydro-dynamic torque converter. This allows constant speed rotation of the synchronous generator to create an output of 13.8kv which can then be directly connected to the grid. EU Energy has an exclusive agreement with Voith until 2013, for use of the torque converter in wind turbines up to 2.6MW capacity.

Last November, DeWind D8 and D6 series turbines completed a fifth year with no gearbox failures. To have 100% gearbox reliability in a turbine is rare and very few achieve this, let alone 5 years running.

EU Energy plc plans to open assembly plants via its US subsidiary in North America and these are expected to be on line in the first quarter of 2007.
“Midwest Wind Energy Finance is pleased to enter into a long-term partnership with EU Energy. Their recognition of and responsiveness to the needs of smaller projects, as well as their leading technical capabilities, were key factors in our decision to use the DeWind turbines.
Also, having EU Energy as one of our major suppliers guarantees turbines are available for our community-based projects and gets them completed sooner. Further, it keeps smaller projects competitive since DeWind’s turbine cost-saving design produces energy at a lower cost per MW. All of this makes our agreement with EU Energy an exceptional opportunity for land owners, developers and municipalities throughout the Midwest and the country.”
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