Nordex entering Turkish market for the first time
First major project worth EUR 39 million awarded
Hamburg (ots)
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Nordex AG has entered the Turkish market on a very successful note: Up until the end of March 2008 it will be assembling 17 N90/2500 HS (high speed) turbines with 80 meters hub height near Bergama. To date, mostly only fairly small wind farms have been constructed in Turkey. With an installed output of 42.5 MW, the "Yuntdag" project will be playing a key role in the country, with a record-breaking notional power yield. At mean wind speeds of 9 - 10 m/s, the strong-wind power systems will generate a combined annual output of around 160 million kilowatt hours, equivalent to a capacity factor of approx. 45 percent, and sufficient to supply more than 70,000 Turkish households with electricity.
The customer and ultimate operator of the wind farm is Turkish company Ynnores Enerji Üretim Sanayi ve Ticaret A.S. Ýnnores is a 100% affiliate of DOST Enerji Sanayi ve Ticaret A.S that is established by MV Holding, Portmobil Telecommunications and RDO Investment to invest in renewable energy in the region. This project is DOST Enerji?s first project of a medium term 300 MW installed capacity target.
Turkish Renewable Energies Act took effect on May 10, 2005 setting the ground to invest in renewable energy. The enhanced bill is waiting to be approved by the president that stipulates 10 year purchase guarantee with a remuneration rate per kilowatt/hour of "green" 5 to 5.5 euro-cents.
About Nordex
As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favor of large-scale turbines. The range comprises one of the world?s largest series-produced wind power systems (N80/N90 2,500 kW). To date, around 400 turbines of this type have been installed around the world. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. Nordex has installed a total of around 3,000 turbines with an aggregate capacity of more than 3,000 MW (January 2007) all around the world. With exports accounting for around 80 percent of its business, Nordex AG plays a key role in international high-growth regions. The Company has offices and subsidiaries in 18 countries around the world.
Further inquiry note:
Felix Losada
Tel.: +49 (0)40 50098 100
flosada@nordex-online.com
emitter: Nordex AG
Bornbarch 2
D-22848 Norderstedt
phone: +49 (0)40 50098 100
FAX: +49 (0)40 50098 101
mail: info@nordex-online.com
WWW: http://www.nordex-online.com
ISIN: DE000A0D6554, DE0000A0D66L2
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Frankfurter
Wertpapierbörse,
free trade: Börse Berlin-Bremen, Baden-Württembergische
Wertpapierbörse, Börse Düsseldorf, Bayerische Börse
sector: Alternative energy
language: English
Original content of: Nordex SE, transmitted by news aktuell