Siemens wins billion-dollar wind power orders
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.
Related News

EDP Plans to Reject $10.9 Billion-China Three Gorges Bid
BEIJING - EDP-Energias de Portugal SA is poised to reject a 9.1 billion euro ($10.9 billion) takeover offer from China Three Gorges Corp. on the grounds that it undervalues Portugal’s biggest energy company, according to people with knowledge of the matter.
The board of EDP, which may meet as early as this week, views the current bid of 3.26 euros a share as too low as it indicates a premium of 4.8 percent over Friday’s close, said the people, asking not to be identified because the discussions are private. EDP is also working with advisers including UBS Group AG and Morgan…