ANDRITZ to supply tidal current turbines to MeyGen, Scotland

06.11.2014, 3565 Zeichen

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

Company Information
Graz/Vienna, November 06, 2014. ANDRITZ HYDRO Hammerfest, part of international technology Group ANDRITZ, has received an order from MeyGen Ltd. to supply three 1.5-megawatt tidal current turbines to the planned tidal array in the Inner Sound of the Pentland Firth, Scotland. Tidal current turbines are anchored to the sea bed in coastal waters and driven by rising and falling tides. Commissioning of the three turbines is scheduled for the end of 2016.
The order placed with ANDRITZ HYDRO Hammerfest is the first commercial order worldwide to supply tidal current turbines and part of the first project phase in completion of the MeyGen tidal array, which is the largest development project worldwide for a tidal turbine array. In the long-term, MeyGen is planning to install a total of 269 turbines with an overall output of 398 megawatts, which will provide predictable, renewable, and sustainable energy for 175,000 Scottish households.
ANDRITZ HYDRO Hammerfest is one of the world's leading companies in the development and supply of tidal current turbines to generate electricity from renewable energy sources.
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Press release and graphic available for download Press release and graphic are available for download at the ANDRITZ web site: www.andritz.com/news. The graphic may be published free of charge if the source is stated: "Graphic: ANDRITZ".
The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The publicly listed, international technology Group is headquartered in Graz, Austria, and has a staff of around 24,100 employees. ANDRITZ operates over 250 production sites as well as service and sales companies all around the world. The ANDRITZ GROUP ranks among the global market leaders in all four of its business areas. One of the Group's overall strategic goals is to strengthen and extend this position. At the same time, the company aims to secure the continuation of profitable growth in the long term.
ANDRITZ HYDRO ANDRITZ HYDRO supplies electromechanical equipment for hydropower stations. With over 170 years of accumulated experience and more than 30,000 turbines installed totaling approximately 420,000 megawatts of output, the business area is one of the world's leading system suppliers, offering the complete product portfolio, including turbines, generators, and additional equipment of all types and sizes: "from water to wire" for small-scale and large hydropower stations up to outputs of more than 800 megawatts per turbine unit. ANDRITZ HYDRO is also well-positioned in the growing maintenance, refurbishment, and upgrade market for existing hydropower plants. Pumps (for water transport, irrigation, and applications for various industries) and turbo-generators for thermal power stations are also part of the business area.
end of announcement euro adhoc
company: Andritz AG Stattegger Straße 18 A-8045 Graz phone: +43 (0)316 6902-0 FAX: +43 (0)316 6902-415 mail: welcome@andritz.com WWW: www.andritz.com sector: Machine Manufacturing ISIN: AT0000730007 indexes: WBI, ATX Prime, ATX, ATX five

stockmarkets: official market: Wien language: English
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