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Siemens to create jobs through green investment in Germany and Hungary

As part of the project to develop the two power plants, Siemens has – via its equity company Siemens Project Ventures GmbH – acquired 50 percent stakes in each of the two project companies of Swiss project developer Advanced Power AG that are responsible for building the facilities. Construction of both plants will begin in 2012 and is scheduled for completion by 2015. The facilities will meet the highest environmental standards for emissions and water consumption. The Wustermark plant will have a capacity of 1,200 megawatts and the Szeged facility a capacity of 880 megawatts.

For this press release

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating €23 billion – nearly one-third of its total revenue – from green products and solutions. In fiscal 2009, which ended on September 30, 2009, revenue totaled €76.7 billion and net income €2.5 billion. At the end of September 2009, Siemens had around 405,000 employees worldwide. Further information is available on the Internet at:
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Jörn Roggenbuck

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-33581