Market Overview

Ørsted and Siemens Gamesa Sign First U.S. Offshore Turbine Supplier Contract


Ørsted will develop Dominion Energy's Coastal Virginia Offshore Wind
Project using Siemens Gamesa wind turbines

Demonstrating that the offshore wind industry is gaining significant
momentum in the United States, Ørsted and Siemens Gamesa today announced
the signing of a subcontract to supply wind turbines for the Coastal
Virginia Offshore Wind
project founded by Dominion Energy. Ørsted
and Dominion Energy entered into a strategic initiative in 2017 to
provide Virginia customers with a clean, renewable source of energy.
This will be the first offshore wind project to be built in federal
waters, marking a significant achievement for the offshore wind industry
in the United States, and it will be the first U.S. project for all
companies. Ørsted will construct the wind project using two units of
Siemens Gamesa's 6-MW SWT-6.0-154 wind turbines, totalling 12 MW of
potential generated power.

This press release features multimedia. View the full release here:

6-MW Siemens Gamesa wind turbine. The same model will be installed at Coastal Virginia. (Photo: Busi ...

6-MW Siemens Gamesa wind turbine. The same model will be installed at Coastal Virginia. (Photo: Business Wire)

"We are delighted to be moving forward on the Coastal Virginia
Offshore Wind
initiative," said Thomas Brostrøm, President of Ørsted
North America. "Siemens Gamesa's record of exceptional technology,
combined with our prior successful partnership experience around the
world, will demonstrate how Virginia residents and businesses can
experience the benefits of clean, reliable, cost competitive offshore
wind energy."

Ørsted and Siemens Gamesa have a longstanding partnership. In 2013,
Ørsted developed the first pilot project for Siemens Gamesa's 6-MW
platform, Gunfleet Sands III, located off the coast of United Kingdom.
Ørsted and Siemens Gamesa have contracted, manufactured, installed and
commissioned a total volume of approximately 2,700 MW of offshore wind
across the globe.

"We are extremely proud to provide our turbines to Ørsted's and Dominion
Energy's offshore wind project, and it marks a major milestone in our
company's history," says Joergen Scheel, Siemens Gamesa Renewable
Energy, Vice President, Offshore, North America. "We have always
believed in the future of offshore wind power in the United States, and
with so much wind potential off the Virginia coast, we are excited to
finally add our state-of-the-art turbine technology to the country's
energy mix."

The Siemens Gamesa blades for this project will be produced at the
company's manufacturing facility in Aalborg, Denmark, and the nacelle
assemblies will originate from the Siemens Gamesa facility in Cuxhaven,
Germany. Once in Virginia, the turbine components will be installed by
Ørsted on monopile foundations. Deliveries are expected to begin in

The Coastal Virginia Offshore Wind project is a two-turbine
demonstration project owned by Dominion Energy and constructed by
Ørsted. It will be built within a research lease area adjacent to the
112,700-acre lease area currently held by Dominion Energy, located
approximately 27 miles off the Atlantic coast of Virginia. The lease
area has a potential wind energy capacity of at least 2 GW.

"When we announced our initiative with Ørsted last year, we knew great
things were on the horizon," said Mark Mitchell, Vice President of
Generation Construction for Dominion Energy. "Today's announcement
welcoming Siemens Gamesa to the team is further evidence that Virginia
is poised to be a leader in the offshore wind industry. It also
demonstrates that our customers can be sure that Dominion is committed
to a sustainable future."

The Coastal Virginia Offshore Wind project continues what
previously was called the Virginia Offshore Wind Technology Assessment
Project. Dominion Energy began work on the project in 2011 as part of a
Department of Energy grant to develop and test new wind technologies
that could lower costs and withstand hurricanes. Key achievements were
made to advance the project during that time, including BOEM's approval
of the Research Activities Plan; environmental studies, including avian
and bat surveys; and assessments of ocean currents, archaeological
conditions, and whale migration patterns.

About Siemens Gamesa Renewable Energy

Siemens Gamesa is a global leader in the wind power industry, with a
strong presence in all facets of the wind business: offshore (#1),
onshore (#2) and services (#2). In 2017, Siemens Gamesa was the
number-one company in the sector, with a 17% share of new capacity
installed, according to MAKE Consulting.

Through its advanced digital capabilities, the company offers one of the
broadest product portfolios in the industry as well as industry-leading
service solutions, helping to make clean energy more affordable and
reliable. With 87 GW installed worldwide, Siemens Gamesa manufactures,
installs and maintains wind turbines in the onshore and offshore
segments. Its order backlog stands at €22 billion. The company is
headquartered in Spain and listed on the Spanish stock exchange (traded
in the Ibex-35 index).

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About Ørsted

Ørsted (NASDAQ OMX: ORSTED) is one of Northern Europe's leading energy
groups headquartered in Denmark. Around 6,200 employees develop,
construct and operate offshore wind farms, generate heat and power from
power stations as well as supply and trade in energy to wholesale,
business and residential customers. In addition, we produce oil and gas,
and a process has been initiated to divest this business unit. The
continuing part of the Group has approximately 5,800 employees and
generated a revenue in 2016 of DKK 61 billion (EUR 8.2 billion). For
further information, see
and follow us on twitter (@OrstedNA).

About Dominion Energy

Nearly 6 million customers in 19 states energize their homes and
businesses with electricity or natural gas from Dominion Energy
, headquartered in Richmond, Va. The company is committed
to sustainable, reliable, affordable, and safe energy and is one of the
nation's largest producers and transporters of energy with over $78
billion of assets providing electric generation, transmission and
distribution, as well as natural gas storage, transmission,
distribution, and import/export services. As one of the nation's leading
solar operators, the company intends to reduce its carbon intensity 50
percent by 2030. Through its Dominion
Energy Charitable Foundation
, as well as EnergyShareand
other programs, Dominion Energy plans to contribute more than $30
million in 2018 to community causes throughout its footprint and beyond.
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