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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR

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To: B.K.Myers who wrote (18)9/18/2007 12:17:54 PM
From: Skywatcher   of 106
 
SERIOUS contract today!....$400 MILLION
ABB Wins $400 Million Order
Tuesday September 18, 11:14 am ET
ABB Wins US$400 Million Order in Germany

ZURICH, Switzerland (AP) -- Swiss power company ABB Ltd. said Tuesday it won an order worth over $400 million from German utility E.ON AG for power equipment.

The equipment is planned to connect the world's largest offshore wind farm to the German grid.

ABB will connect the 400-megawatt Borkum-2 park using its light transmission technology, which gives utilities control over the power supply and increases grid stability. Located more than 100 kilometers off the German coast in the North Sea, it will be the most remote wind farm in the world.

The wind farm is scheduled to become operational in September 2009. Germany currently uses wind for about 7 percent of its electricity requirements and expects to double the share of wind energy by 2020.
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