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PRESS RELEASE 21 APRIL 2016 RENTEL NV announces turbine supply & maintenance agreement: 309MW offshore wind project in the Belgian North Sea OSTEND (BE) | Today, RENTEL NV announced it has signed a Turbine Supply Agreement (TSA) with SIEMENS for the supply and installation of 42 Siemens offshore wind turbines of the D7 platform and a 17-year Service and Maintenance Agreement (SMA). After a competitive process that started at the end of 2013, Rentel has chosen for Siemens’ offshore wind turbine of the D7 platform. Siemens’ D7 type turbines will have a hub height of 106m LAT and a rotor diameter of 154m, the wind turbine will be the largest ever in the Belgian North Sea and Rentel will be the first wind farm with a so-called ‘direct drive’ (without gearbox), connecting its rotor directly to the generator. After having awarded the contracts for the 40 km long export cable (to Swedish ABB AB) and the offshore substation (to STX France-Offshore Energy), the signing of the TSA and SMA contract with Siemens is another important step towards the realization of the fourth complete offshore windfarm in the Belgian North Sea, located between the existing Northwind and C-power projects, ca. 35 km off the coast of Zeebrugge. Nathalie Oosterlinck, CEO Rentel: « This contract is one of the final steps towards the realization of the Rentel project this summer. Renewable energy is the future and we are very happy to be able to work together with an experienced and competent partner as Siemens in the realization of our offshore wind power plant, while contributing to the renewable energy targets for Belgium and creating local and Belgian jobs along the way. » Michael Hannibal, CEO Offshore of Siemens Wind Power and Renewables Division explained: « We are pleased that Rentel NV has selected Siemens for our first project in Belgian North Sea. Our advanced model of our well proven Direct Drive wind turbine of the D7 platform will leverage the energy output of the Rentel offshore wind power plant and contribute to lowering the cost of electricity. » RENTEL aims to complete its project financing by the Summer of 2016 in order to immediately start the construction works. The total investment cost is estimated at €1,250 mln. The European Investment Bank (EIB) already provisionally approved financing of the Rentel project through the European Fund for Strategic Investments (EFSI). This new offshore wind farm will supply renewable energy as from mid-2018. With a total installed capacity of 309 MW, the project is expected to have an annual production of more than 1.100 GWh which is equivalent to the annual electricity consumption of 285,000 Belgian households. For additional information Nathalie Oosterlinck, CEO Rentel | +32 495 584352 About Rentel Rentel NV is part of the Otary partnership, equally uniting various Belgian specialists in renewable energy including investment and development companies Rent-A-Port and Power @ Sea, dredging and marine engineering specialist DEME and green energy players Aspiravi and Elicio. Furthermore, the Walloon environmental holding SRIW Environnement, and the Flemish and Walloon energy and utility holding companies Z-Kracht/Nuhma and Socofe are shareholders of the company as well. Next to the Rentel concession, Otary also holds the concession for construction of the future Seastar offshore wind farm and is part of the consortium developing the Mermaid offshore windfarm. Siemens’ offshore wind turbine of the D7 platform