Vattenfall and Siemens sign wind energy deal

Sweden's state-owned power giant Vattenfall has signed a two year framework agreement with Germany company Siemens for the supply of wind power plants in a deal worth 1.6 billion kronor ($260 million).

Vattenfall said it was currently researching suitable areas to establish wind farms both onshore and offshore in the Nordic region.

“The agreement means that we are freeing up the supplier bottleneck for wind power plants. This will enable us to implement our drive to increase the proportion of renewable energy by the further expansion of wind power,” said Anders Dahl, Head of Vattenfall Windpower, in a statement.

Vattenfall said its target was to expand wind power production in the Nordic region to incorporate around 1,000 wind power plants providing domestic electricity to 1.6 million homes.