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Nordex Reports New Large Orders & Plans To Merge

Large orders, successful restructuring and plans to grow with Acciona Windpower accelerate business dynamism and create positive figures

The global demand for large-scale wind farms stimulates the business of the Hamburg manufacturer Nordex. UK wind farm developer RES has awarded Nordex two new contracts for a combined 17 wind turbines with a total capacity of 42.5 MW. Nordex will be supplying seven N100/2500 turbines for the “Turncole” wind farm in Essex. With delivery scheduled for July 2016, the turbines will be fully operational in January 2017.

The second project “Minnygap” is located in Dumfries and Galloway in south-western Scotland. Nordex will likewise be supplying N100/2500 turbines for this wind farm from August of next year. Fitted with ten turbines, the wind farm will have a capacity of 25 MW and will also be going online in January 2017. Both sites are characterised by moderate wind speeds. Nordex will be installing the turbines on 75-metre towers at both wind farms and providing premium service for five years.

Position Strengthened in the UK

RES is one of the world’s largest players in the renewable energies sector. Active for more than 30 years in the market, its core skills include the development and operation of onshore and off-shore wind farms as well as solar energy. With an installed onshore wind power capacity around the world of around 9 GW, RES is an influential and important partner for Nordex, which will be additionally strengthening its status in the UK with these two new contracts.

Growing With Acciona Windpower

To secure future growth, Nordex plans to merge its operating business with that of Acciona Windpower (AWP) at the beginning of 2016. Nordex has already applied for antitrust clearance of the acquisition of AWP.

By pooling their activities, Nordex and AWP aim to establish a global player which is well positioned to face future market challenges. Both companies are an almost perfect fit for each other in terms of markets, products and sites, meaning that they will be able to offset the effects of possible fluctuation in regional demand even more effectively. With their combined product ranges, they will be able to address the typical requirements of customers in established wind power markets as well as in emerging markets.

The overarching goal being pursued by the new and larger Nordex SE will be to achieve a substantial reduction in the cost of energy from wind power. The cost of energy is to be lowered by 15 – 18% by 2018 through more efficient turbines and reduced product costs. This will be one of the key levers for increasing sales to the target mark of EUR 4.2 – 4.5 billion over the next three years. The two companies, which are currently still operating separately, are targeting sales of EUR 2.4 billion (Nordex) and EUR 1.0 billion (AWP) in 2015.
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source and further details:
www.nordex-online.de

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