Nordex SE : Nordex continuing to expand in Northern Europe
06/29/2012| 09:26am US/Eastern
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Hamburg, June 29, 2012. Nordex has signed a framework
contract with Finnish Wealth Management company Taaleritehdas
for the delivery and installation of up to 111 2.5 MW
multi-megawatt turbines. The turbines have been earmarked for
various wind farms which are to be installed in Central,
Southern and Northern Finland from 2013 onwards. With a
volume of some 260 MW, the project substantially exceeds the
wind power capacity so far connected to the grid in Finland.
Thus, after being present for just under one year in the new
market of Finland, Nordex has already been able to gain one
of the largest master contracts in its history.
Much of the project is to be financed by equity which
Taaleritehdas has raised via a retail investment fund. The
company has raised equity from over 200 private investors to
the fund investing in wind energy.
The key factor in Nordex's favour was the successful work
which it had demonstrated on numerous demanding projects in
Scandinavia in the past together with its range of low wind
speed turbines. Thus, Nordex has in the N117 one of the most
efficient turbines for inland locations, which it offers on
towers with a height of up to 141 metres. "What is more, our
anti-icing system is meeting with great interest in
Scandinavia as it can boost energy yields by up to ten
percent in these low-temperature regions. This contract marks
an important reference for our sustained growth in the
high-potential Finnish market," says Nordex Management Board
member Lars Bondo Krogsgaard.
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