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The strong collaboration between Siemens Gamesa Renewable Energy (Siemens Gamesa) and customer Hai Long Offshore Wind Project (Hai Long) has been extended to 1044 MW. Siemens Gamesa’s largest offshore agreement in Taiwan to date now covers the Hai Long 2B (232 MW) and Hai Long 3 (512 MW) projects. The preferred supplier agreement for Hai Long 2A (300 MW) was announced on 13 November 2019.
Flagship SG 14-222 DD offshore wind turbines and service for the full volume of the project are included in the preferred supplier agreement. The agreement remains subject to contract and final investment decision from Hai Long consortium partners, Canadian independent power producer (IPP) Northland Power Inc. and Taiwan-based developer Yushan Energy Co., Ltd., jointly owned by Mitsui & Co., Ltd. in Japan and Yushan Energy Pte., Ltd. in Singapore. This is expected in 2022.
Stocks were solidly out of the red by the close of business on Wednesday, lifted straight up by gains in the energy field.
The TSX vaulted 122.71 points to close Wednesday at 19,310.74
The Canadian dollar hiked 0.22 cents to 81.52 cents U.S. .
Image source: Getty Images
There aren’t many sectors that I’m more bullish on than renewable energy. The growth of green energy has been steadily rising for a number of years now, which Canadian investors really saw take off in 2020.
Renewable energy stocks were some of the top performers during the bull run that followed the COVID-19 market crush.
High-growth tech stocks received most of the attention in the second half of 2020. Meanwhile, many green energy companies quietly went about and put up impressive growth numbers.
One of my investment goals for 2021 is to broaden my exposure to the renewable energy sector. As a long-term investor, I believe that now is as good of a time as any to take action on that goal. Most of the market-leading companies in the sector are trading at opportunistic discounts right now.