EANS-News: BAUER Aktiengesellschaft
BAUER Group successfully executes a
foundation for a tidal power plant under extremely difficult circumstances
09.08.2011 – 08:40
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/New Products/Research & Development Schrobenhausen (euro adhoc) - In late July, BAUER Renewables Ltd., a subsidiary of BAUER Spezialtiefbau GmbH and part of the international construction and machinery manufacturing concern BAUER AG, successfully installed a drilled-in monopile foundation structure for a tidal energy turbine of the client Voith Hydro. This took place off-shore at the test site of the European Marine Energy Centre (EMEC) in Orkney, Scotland. An exceptional challenge was posed not only by the drilling works at a water depth of 37 metres, but also by the extremely strong currents of up to 4.5 meters per second. BAUER Renewables Ltd. used a newly designed and built seabed drilling rig from BAUER Maschinen GmbH, which was operated from a Dynamic Positioning Vessel. The 23 metre long monopile with a diameter of 2 metres was grouted into an 11 metre deep rock socket. It will be the foundation structure for a 1 MW Tidal Turbine built and operated by Voith Hydro. "A drilled foundation of such dimensions and under such difficult conditions has never before been executed. This new technology has captured the attention of many tidal energy developers," says Professor Thomas Bauer, Chairman of the Management Board of BAUER Aktiengesellschaft. "This tremendous achievement marks the BAUER Group´s entry into the future growth market of marine renewable energies and broadens the Group´s range of off-shore technologies." About Bauer Bauer is a provider of services, machinery and ancillary products in the earth- working and groundwater fields. The Group markets its products and services all over the world. Its global spread allows it to remain largely unaffected by fluctuating business cycles. The operations of the Group are divided into three segments: Construction, Equipment and Resources. The Construction segment carries out specialist foundation engineering work all over the world, developing foundation and excavation projects as well as providing related construction services. In its Equipment segment, in which it is the world market leader, Bauer offers an extensive range of machinery, equipment and tools for specialist foundation engineering and related fields. The Resources segment encompasses the Group's operations in the exploitation of raw materials, in environmental technology, in geothermal drilling operations and also in equipment for wells (including pumps and drills, screens and casings). Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets. Founded in 1790, Bauer today generates around three quarters of its total revenues outside of Germany. Employing some 9,100 people, the Group's total revenues in 2010 were EUR 1.30 billion (previous year: EUR 1.28 billion). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108). Further inquiry note: Bettina Erhart / Christopher Wolf Investor Relations Telefon: +49(0)8252 97 1918 E-Mail: investor.relations@bauer.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: BAUER Aktiengesellschaft BAUER-Straße 1 D-86529 Schrobenhausen phone: +49 (0)8252-97-1918 FAX: +49 (0)8252-97-2900 mail: investor.relations@bauer.de WWW: http://www.bauer.de sector: Construction & Property ISIN: DE0005168108 indexes: SDAX, CDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English