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THURSDAY, 17 APR 2014
06:32 PM Beirut time
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Siemens builds $450 million wind farm in Australia
Associated Press
FILE - In this Jan. 24, 2008 file photo flags with the company's logo fly in front of the Olympic Hall in Munich, southern Germany. Industrial conglomerate Siemens AG reported a 70 percent increase in earnings for the April-June period, but the figures released Thursday, July 26, 2012 fell short of expectations and the company said that reaching its full-year target has become "clearly more ambitious" as the global economy's troubles mount. (AP Photo/Diether Endlicher, file)
FILE - In this Jan. 24, 2008 file photo flags with the company's logo fly in front of the Olympic Hall in Munich, southern Germany. Industrial conglomerate Siemens AG reported a 70 percent increase in earnings for the April-June period, but the figures released Thursday, July 26, 2012 fell short of expectations and the company said that reaching its full-year target has become "clearly more ambitious" as the global economy's troubles mount. (AP Photo/Diether Endlicher, file)
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BERLIN: German engineering company Siemens says it has secured its first contract to build a major wind farm in Australia - a facility that will supply electricity to some 180,000 homes in the country's south.

The New Zealand-based Trust Power utility will operate the 90 wind turbines some 87 miles (140 kilometers) north of Adelaide. It said Wednesday the cost of the Snowtown II project totals 439 million Australian dollars ($448 million).

Siemens, which itself gave no details of the deal's value, said the wind turbines with a total power generating capacity of 270 megawatts will be operational by 2014.

 
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