Senvion, which recently became insolvent, has agreed a restructured deal for the turbines for the Trianel Windkraftwerk Borkum II offshore windfarm.
The company said it has reached agreement with Trianel Windkraftwerk Borkum II GmbH & Co KG (TWB II) for a revised contract that will ensure delivery of turbines for the German offshore wind project. The remaining 17 of 32 wind turbines for the project are due to be delivered in Q3 2019.
Senvion chief executive Yves Rannou said “We want to thank TWB II for the constructive talks. The positive outcome secures the continuation of one of our key offshore projects during these challenging times.”
ITWB II commercial manager Klaus Horstick said, “Together with Senvion, we have found a viable solution that ensures production and delivery of the remaining wind turbines. This enables us to continue the construction phase of the windfarm and start the installation campaign in June 2019.”
The windfarm construction was originally expected to start in mid-April 2019. At that time, 15 of the 32 wind turbines for the project had been delivered to Eemshaven.
Senvion filed for ‘self-administration’ in April 2019, so the original contract with TWB II had to be modified to take this into account. It is currently attempting to restructure, with the help of its lenders.
A contract with Senvion to service the turbines once installed has not been affected.