August 17, 2011
XEMC VWEC and Gaelectric Holdings Sign Contracts to Co-Develop Three Irish Wind Farms
DUBLIN, Aug. 17, 2011 /PRNewswire/ -- Renewable energy and energy storage group, Gaelectric, and XEMC VWEC, a member of the Chinese XEMC Group, a global leader in Direct Drive Permanent Magnet Generator (PMG) wind turbines, have signed contracts to co-develop three Irish wind farms, and have agreed to examine the co-development of Gaelectric's pipeline of wind energy projects in Ireland.
This will see the first commercial deployment of XEMC VWEC wind turbines in Europe with the deployment of the new XV90 turbines at 3 Gaelectric on-shore sites Roosky in Co. Roscommon, Leabeg in Co. Offaly and Crowinstown in Westmeath totalling 13.6 MW of wind power. The value of these initial co-development projects amounts to euro 18 million.
XEMC, locally represented by Titan Energy Associates, is one of the larger industrial groups in China with a corporate history stretching back over 70 years. Based in Hunan Province, State-owned XEMC Group employs over 10,000 staff with established business segments in electrical mechanics, heavy automotive engineering, ship propulsion systems, electric locomotives for the mining industry, light rail vehicles for public transportation systems, and wind energy technology. XEMC has 820 of its XE-series turbines installed in China. Its XE-series are the largest turbines in mass production in China.
Commenting at the signing ceremony, Gaelectric CEO, Brendan McGrath, said: "Our alliance with XEMC is a significant strategic step for Gaelectric. With the backing of XEMC's industrial strength and technological capacity, and their track record and commitment to long term relationships, we are confident that Gaelectric's portfolio of wind farm sites will be realised to the highest commercial and technical standards. Our visit to China in March of this year confirmed to us XEMC's commitment to research and development which combines Dutch engineering design and pedigree, with Chinese industrial power. We also share a vision for the significant opportunities from off-shore wind energy generation on which we are already working closely together."
Commenting on today's announcement, IDA Ireland said that the XEMC - Gaelectric contracts to co-develop wind energy projects in Ireland, together with both parties stated intention to examine other wind energy projects, is a significant development in Chinese and Irish business co-operation. IDA has been working with XEMC for some time and we very much welcome this announcement as a platform for further Chinese-Ireland business relationships.
Through its acquisition of Dutch renewable energy technology firm, Darwind in 2009, XEMC has consolidated its position as leaders in the development of Direct Drive Permanent Magnet Generator technologies which have distinct technical and commercial advantages in a wide range of applications. Direct Drive PMG turbine technology avoids the requirement for generator gearboxes, thereby reducing weight and improving reliability. XEMC is supporting the further development of this PMG technology with its development of a 5 MW turbine for deployment in off-shore settings. A prototype of this offshore dedicated 5MW turbine has recently been installed at a turbine test centre in the Netherlands.
About XEMC VWEC: XEMC VWEC in the Netherlands is a wholly owned wind energy subsidiary of XEMC, the Hunan Province based industrial conglomerate with established business segments in electrical mechanics, heavy automotive engineering, ship propulsion systems, electric locomotives for the mining industry, light rail vehicles for public transportation systems, and wind energy technology. Established for over 70 years, XEMC Group employs 10,000 and holds more than 1,000 patents and intellectual property rights. It is a market leader in wind turbine design and manufacture. It has produced and installed over 800 units of its 2 MW series turbines which are the largest turbines in mass production in China. With its acquisition in 2009 of Darwind and in 2010 VWEC, XEMC has consolidated its leadership in the development of Direct Drive Permanent Magnet Generator (PMG) turbine technology which has distinct advantages over rival technologies in a wide variety of deployment settings. It's Strategic Alliance with Irish energy and technology Group, Gaelectric, will see the first deployment of the latest wind energy technology in Europe.
About Gaelectric: Gaelectric is a privately held renewable energy generation and technology group established in 2004 and headquartered in Dublin, Ireland. Gaelectric is active in different fields of renewable power generation and energy storage with experienced teams specialized in all aspects of project planning, permitting, finance, engineering and management. The Group has significant assets and projects under development in Northern Ireland, the Republic of Ireland and North America (Gaelectric North America).