AREVA secured the first offshore bankable project in Germany

Paris

December 23, 2010

AREVA has won a contract worth 400 million euros with Trianel, the largest European municipal utility cooperation, to supply forty M5000 turbines for the offshore wind farm Borkum West II in the North Sea.

Under the terms of the agreement AREVA will also provide commissioning, testing and full-service. In addition, the customer has an option within the year 2011 to build another 200 megawatts. Foundations, transport and erection offshore are excluded from the scope.

Borkum West II is located 45 kilometers off the northern coast of the island of Borkum and directly adjacent to alpha ventus, Germany's first offshore wind farm. Operation should start at the turn of the year 2012/2013. Once completed, the turbines will generate a total output of 200 megawatts, enough to provide some 200,000 households with green electricity.

Trianel Borkum West II is the biggest wind-energy project in the German North Sea and the first wholly municipal offshore wind farm in Europe financed through a project financing.

Anil Srivastava, senior executive vice president of the Renewables Business Group, said: “AREVA is thrilled to have jointly developed an efficient offshore solution with Trianel. We are pleased that eleven leading banks have invested in our solution. We look forward to the successful deployment of our industry-leading offshore wind turbines with long-term services essential for the wind farm management.”

Klaus Horstick, Managing Director of Trianel Windkraftwerk Borkum GmbH, emphasized his confidence in the partnership by saying: “Trianel’s decision to invest in the Borkum West II project confirms the trust in the quality and the reliability of the offshore wind turbines designed and manufactured by AREVA."