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11 December 2012

Nordex SE


Nordex awarded largest contract to date in Romania

- Contract awarded by Iberdrola Engineering & Construction for the 80 MW "Chirnogeni" wind farm

Hamburg - Iberdrola Engineering & Construction has awarded Nordex its largest contract to date in Romania for the supply and installation of 32 N90/2500 turbines for the 80 MW Chirnogeni wind farm. The wind farm is located in the Dobrogea Region near to the Black Sea coast. At this windy location characterized by mean wind speeds in excess of 7 m/s, the wind farm is expected to perform very well with the N90/2500 turbines employed.

The ultimate owner and operator of the wind farm is EP Wind Project (Rom) Six S.A., a company owned by three different investors, of which the Marguerite Fund is the largest with a share of 50 percent. Established by a group of leading European financial institutions, the Marguerite Fund specializes in energy, climate change and infrastructure projects.

EP Global Energy, a privately owned power development company incorporated in Cyprus, started developing the project from inception back in 2007 and will continue to retain a 20 percent stake while Prague based specialist private equity fund EnerCap Power Fund will hold the remaining 30 percent of the wind farm.

The owner has already issued a notice to proceed to Iberdrola Engineering & Construction who are acting as the EPC Contractor to the wind farm, with Nordex supplying the turbines commencing in the summer of 2013. Nordex expects to place the turbines into commercial operation beginning late 2013.

The wind farm claims to be the first true non-recourse financed renewable power project in Romania. Financing was provided by the European Bank for Reconstruction and Development and a consortium of commercial banks including Erste Bank, ING and UniCredit.

"Chirnogeni is an important reference project for our new subsidiary in Romania. In this way, we are demonstrating that large-scale projects can also be successfully executed in this country by Nordex," explains Lars Bondo Krogsgaard, a member of Nordex’s Management Board. Nordex Energy Romania was incorporated in Bucharest in May 2012 and is already in charge of the Service contract for the existing 20 MW wind farms that were completed in Romania.

About Nordex
As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The range comprises one of the world’s largest series-produced wind power systems (N90/2500, N100/2500, N117/2400). To date, over 1,900 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 5,000 turbines with an aggregate capacity of more than 7,800 MW all around the world. With exports accounting for more than 90 percent of its business, Nordex SE plays a key role in international high-growth regions. The Company has offices and subsidiaries in 22 countries around the world with a total global headcount of over 2,500 employees.

Hamburg, 11 December 2012

Publication and Reprint free of charge; please send a voucher copy to
Nordex SE.

Attention editorial offices: For further questions please contact Mr.
Felix Losada, Nordex SE.

Langenhorner Chaussee 600
22419 Hamburg, Germany
Tel: + 49 (0)40/300 30 1000
Fax: + 49 (0)40/300 30 1333


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