Siemens signs three-year charter for new jack-up vessel, purpose-built for service

Erlangen, (PresseBox) - Siemens Energy has entered into a charter agreement with DBB Jack-Up Services A/S for the use of a new purpose-built jack-up vessel designed for the service and maintenance of the rising number of large scaled offshore wind power projects across Northern Europe.

The three-year term of the charter agreement will enable Siemens Wind Service to reduce the lead time needed to mobilize and will secure a fast response to an unscheduled exchange of large components in offshore wind turbines. The vessel is currently under construction and is scheduled for being operational in Siemens offshore wind projects in 2016.

The new jack-up is purpose-built for maintenance and service operations with smaller dimensions that are better suited for flexible and fast service and maintenance operations in the installed base of more than 1200 Siemens offshore wind turbines.

This first-time, three-year charter agreement represents a new approach to offshore wind service and maintenance by Siemens and underscores the company's commitment to developing full scope efficient service solutions. Instead of needing to contract, equip, load parts and mobilize a jack-up vessel for a specific project and then demobilize again at completion, the three-year charter will allow Siemens to keep the vessel ready for fast mobilization, thereby reducing the required lead time for projects.

With efficient asset utilization and synergies from shared logistics between offshore wind power projects the new vessel will also reduce the levelized cost of energy (LCoE).

As the global leader in offshore wind service, Siemens' Maritime and Aviation Solutions Team has the experience and expertise to address the often complex and unique logistical needs within the offshore market to help insure the continued reliability of customers' assets. Siemens is committed to developing full logistical concepts for offshore wind, including specially designed service operations vessels featuring on-board accommodations and hydraulically stabilized gangway systems for safe access to the turbines in adverse weather conditions Wind power and wind service are part of Siemens' Environmental Portfolio. Around 43 percent of its total revenue stems from green products and solutions. That makes Siemens one of the world's leading providers of eco-friendly technology.

Siemens AG Energy Sector

The Siemens Energy Sector is the world's leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2013 (ended September 30), the Energy Sector had revenues of EUR26.6 billion and received new orders totaling approximately EUR28.8 billion and posted a profit of approximately EUR2 billion. On September 30, 2013, the Energy Sector had a work force of approximately 83,500. Further information is available at: www.siemens.com/energy.

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