Arafura and Siemens Gamesa sign offtake agreement
Arafura Rare Earths Limited has announced the signing of an offtake agreement with Siemens Gamesa Renewable Energy A/S.
Arafura Rare Earths Limited has announced the signing of an offtake agreement with Siemens Gamesa Renewable Energy A/S.
This investment will allow DOT to expand its business in the growing market for floating offshore wind energy.
The deal will enable Qualitas Energy to reach 2.9 GW of total capacity in its German platform, which is expected to increase to 6.2 GW with further investments in the country within the next two years.
The global offshore wind sector will experience sevenfold growth by 2032 and account for a 26% share of total capacity over the 10-year outlook.