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Konecranes to supply 4 cranes to Siemens Gamesa offshore wind power plant in Taiwan - Marketscreener.com

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Konecranes to supply 4 cranes to Siemens Gamesa offshore wind power plant in Taiwan | MarketScreener

- Customized overhead cranes will play a critical role in the tripling in size of the offshore wind power nacelle facility, the largest of its kind in Taiwan

Konecranes has won a contract to supply four electrical overhead cranes to Siemens Gamesa's offshore nacelle plant in Taichung, Taiwan. The cranes will support the entire material handling of the site's broadened production scope, with lifting capacities of up to 400 tons. The order was booked in Q1 2023, and installation is planned to take place in Q1 2024.

The cranes will be at the center of a continuous production flow at Taichung, lifting various turbine parts to and from production lines for nacelles - the part of a wind turbine containing the gearbox, shafts, generator and brake. Siemens Gamesa is expanding production to deliver locally made nacelles for the 1,044 MW Hai Long offshore wind power projects, future projects from Taiwan's Round 3 offshore wind power auctions and other Asia-Pacific projects.

"We selected Konecranes once again based on our positive experience from previous projects both in EMEA and APAC. Konecranes is a trusted partner who makes specifically engineered, durable products that allow us to leverage our facilities to the maximum," says Joakim Videbæk Nielsen, Project Manager at Siemens Gamesa.

"Our cranes are known especially for their precision and durability, two characteristics that are critical in assembling nacelles given both the size and the complexity of the components involved. We look forward to further supporting Siemens Gamesa's renewable energy ambitions in the future," said Christoph Chang, Konecranes Area Manager.

A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a lifting industry leader. This is underpinned by investments in digitalization and technology, plus our work to make material flows more efficient with solutions that decarbonize the economy and advance circularity and safety.

For a concise overview of Konecranes' business, please click here. For a useful glossary of crane and lifting terms, please click here.

Further information:

Tanja Wilson, Communications Director, Industrial Service & Equipment

Email: tanja.wilson@konecranes.com or phone: +971 56 4141878

Konecranes Media Desk

media@konecranes.com

Further information for investors and analysts:

Kiira Fröberg, Vice President, Investor Relations, Konecranes

Email: kiira.froberg@konecranes.com or phone: +358 20 427 2050

Konecranes is a world-leading group of Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

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Related Knowledge Center: Offshore wind energy

State of Play

Over the next decade, U.S. offshore wind power is expected to grow from a single 30-megawatt wind farm off Rhode Island to more than 2,000 MW of capacity along the Atlantic Seaboard. There are contracts for wind power off the coasts of Massachusetts, Connecticut, New York, Maryland, New Jersey, Rhode Island, and Virginia.

The National Renewable Energy Laboratory has estimated the United States has over 4,000 gigawatts (GW) of offshore wind potential, enough to power the country four times over.

The growth in part being spurred by state solicitations, including in New York, where then-Gov. Andrew Cuomo (D) set a commitment of 9,000 MW of offshore wind by 2035, and in Connecticut, where in June 2021, Gov. Ned Lamont (D) signed legislation authorizing the construction of 2,000 MW of offshore wind by 2030.

The offshore development is also being driven by an investment tax credit set to end in December 2019 and is equal to 12 percent of expenditures. U.S. Sens. Susan Collins (R-Maine) and Tom Carper (D-Del.) have introduced a bill to extend the tax credit for up to eight years.

The Interior Department has held eight competitive lease sales that resulted in 15 offshore wind leases over 1.7 million acres that has the potential for 21 GW of capacity. In February 2022, the Bureau of Ocean Energy Management completed a bidding process that realized $4.37 billion for 488,000 acres across six lease areas in federal waters off New York and New Jersey.

Projects have also been proposed off the Southeast coast, off California and Hawaii, and for the Great Lakes.

More informationabout Offshore wind energy