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Nordex SE

Nordex to build its own production facilities in the United States

Norderstedt (euro adhoc) -

Investment volume of USD 100 million / production of 2.5 MW wind 
power systems to commence in 2009
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Investment into production facilities USA
Over the next few years, Nordex will be
spending around USD 100 million to establish its own US production 
facilities for wind turbines and rotor blades. As early as 2009, the 
first locally produced 2.5 MW wind turbines will be entering the US 
market. "Four years ago, Europe constituted over 70 percent of the 
market. Looking forward, we expect Europe, Asia and the United States
to each account for one third of demand. Over the next few years, we 
want to generate around 20 percent of our sales in North America," 
says Thomas Richterich, CEO of Nordex AG, explaining the reasons for 
the decision to build US production facilities.
The investment program entails a sum of USD 100 million to be spent 
on establishing annual production capacity of 750 megawatts by 2012. 
This will initially entail the assembly of wind turbines. As of 2010,
Nordex wants to invest two thirds of this sum in rotor blade 
production. Roughly 600 jobs will be created at the production site, 
the final location of which is to be selected in the near future. "We
are looking for a centrally located facility, with everything 
pointing to a location in the Mid West," says Ralf Sigrist, President
of Nordex USA Inc. As early as in September 2008, Nordex will be 
moving into the offices at its headquarters in Chicago.
At the end of last year, Nordex received two major contracts from the
United States for a capacity of around 220 megawatts. Scheduled for 
completion in 2008 and 2009, the 2.5 MW turbines are very largely 
being assembled in Germany for shipment to the United States.
Since June 2007, Nordex has been gaining experience in the US market 
with a 60 Hz version of its N90/2500 turbine, one of the most 
powerful models currently operating in the United States. The average
output of the roughly 4,000 wind turbines assembled in the United 
States last year stands at roughly 1.7 MW. Nordex will be initially 
producing N90/2500 turbines for the American market, leveraging the 
experience which it has gained in producing over 650 systems of this 
type, with more than 350 currently under construction.
Note for press: We will be available to answer any questions which 
you may have on this or other matters at Stand 533 during Windpower 
2008 in Houston on June 1 - 4, 2008.
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/N100 2,500 kW). To date, 
over 650 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 3,300 turbines with an aggregate capacity of more than 4,000 
MW (May 2008) all around the world. With exports accounting for over 
90 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. The Group currently 
has around 1,850 employees around the world.
end of announcement                               euro adhoc

Further inquiry note:

For more information, please contact:
Nordex AG
Felix Losada
Telephone: + 49 (40) 30030 1000
Telefax: + 49 (40) 30030 1333

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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