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Siemens, Norsk Hydro to cooperate on floating wind turbines UPDATE


Published : Tue, 26 Jun 2007 10:55
By : Agencies
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(updating to add plans for location of demonstration turbine)

FRANKFURT (Thomson Financial) - Siemens AG said it will cooperate with Norwegian energy company Norsk Hydro ASA on technology to develop floating wind turbines.

No financial details were disclosed.

Siemens will deliver the first wind turbine based on Norsk Hydro's Hywind concept for a demonstration unit off the coast of Norway, Siemens said in a statement.

Floating offshore turbines, as opposed to ones that are anchored, could be installed at sites with greater water depth.

Hydro currently has a license to place a demonstration turbine offshore near Karmoy, an island in the southwest of Norway.

The company is also considering placing the turbine near an oil installation to supply it with renewable energy, according to Siemens' statement.

maria.sheahan@thomson.com

mas/jsa/mas/gp

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