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4-Traders Homepage  >  Equities  >  Xetra  >  Nordex SE    NDX1   DE000A0D6554

NORDEX SE (NDX1)
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Nordex : to break 2 GW threshold on installations in UK and Ireland

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09/14/2017 | 09:14am CEST

DGAP-News: Nordex SE / Key word(s): Market Report
Nordex to break 2 GW threshold on installations in UK and Ireland

14.09.2017 / 09:13
The issuer is solely responsible for the content of this announcement.


Nordex to break 2 GW threshold on installations in UK and Ireland

Hamburg, Didsbury, 14 September 2017. After installing and commissioning a total of 862 turbines in the UK and Ireland, the Nordex Group has now reached the 2 GW milestone of installed capacity in these two countries. Just under 1.5 GW of this is in the UK as well as what is fast approaching 600MW installed in the Republic of Ireland. An additional milestone of three quarters of a gigawatt installed throughout both the Republic of Ireland and Northern Ireland has also been reached. At typical capacity factors, this represents enough power for 1.3 million homes, resulting in a market share of installed turbines of around 20% in the Republic of Ireland and around 10% in the UK.

The Nordex Group installed its first turbines in the UK in 2001 and in Ireland in 2003. "We have built a strong team locally with over 230 staff who work increasingly closely with our HQ team," says Rich Furniss, Managing Director for the UK and Ireland. "Our markets have special features: high wind speeds; complex terrains; difficult site access for components; challenging planning conditions such as noise restrictions; demanding grid connection requirements; and high expectations on HSE management are standard. Much of our business is repeat business from customers who know that we can meet these challenges, and the vast majority of our installed turbines are maintained by our extensive and experienced service team." As both countries transition to the post-subsidy world, Furniss explains "Driving down the cost of energy is our mission as a company, and bringing larger rotor and generator machines to these complex sites does just that, putting us in a good position to continue growing our installed based in these islands."

The Nordex Group - a profile

The Group has installed more than 21 GW of wind energy capacity in over 25 markets and in 2016 generated revenues of EUR 3.4 billion. The company currently employs a workforce of approx. 5,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States and India. The product portfolio is focused on onshore turbines in the 1.5 to 4.5 MW class, which are tailor-made for the market requirements in developed and emerging markets.

For more information, please contact:
Nordex SE
Ralf Peters
Phone: + +49 (0) 300 30 1522, e-mail: [email protected]



14.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

609663  14.09.2017 

fncls.ssp?fn=show_t_gif&application_id=609663&application_name=news&site_id=acquiremedia_html]]>

© DGAP, source Corporate News

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