Siemens, E.ON sign wind power deal (SI; EOAN.F)

From the International Herald Tribune:

Conglomerate Siemens AG said Tuesday that it struck a deal with German utility E.ON AG to build 500 wind turbines for planned projects in Europe and the United States.

In a joint statement, the companies said that Siemens Energy, a unit of Munich-based Siemens, would supply 500 wind turbines with the capacity of 1,150 megawatts for projects on both continents in 2010 and 2011.

"This agreement with E.ON is the largest single wind power deal Siemens has ever signed in its history", said Rene Umlauft, chief executive of Siemens' renewable energy division, part of Siemens Energy....MORE