Nordex SE

EANS-News: Nordex successfully entering the South African market

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/Order intake

Subtitle: Key agreements for the first major project awarded / new subsidiary
incorporated in Cape Town

Hamburg (euro adhoc) - Wind turbine manufacturer Nordex has entered the South
African market with a major contract. South African wind power producer, Dorper
Wind Farm (RF) Pty Ltd, whose sponsors are South African based wind project
developer Rainmaker Energy, through its subsidiary Dorper Wind Development (Pty)
Ltd, and its Japanese partner Sumitomo Corporation, through its wholly-owned
subsidiary,  have selected Nordex as supplier for the delivery and turn-key
installation of a 100 MW wind farm to be known as "Dorper". 

Dorper Wind Farm (RF) Pty Ltd entered into a 20-year power purchase agreement
(PPA) with Eskom Holdings SOC Limited, a state-owned utility company on the 5th
November 2012. On the same day the company entered into a contract with the
South African Department of Energy (DOE), under which the payment obligations of
Eskom under the PPA are guaranteed by the DOE. The financing agreements for the
project with different international and South African banks as well as Euler
Hermes, one of the leading export credit agencies, have been agreed.

Nordex will be commencing the construction work in the current month, followed
by the installation of the 40 N100/2500 turbines from the third quarter of 2013
onwards. The order also includes a service contract for an initial period of ten

"Dorper" is located north-west of Queenstown, in the Eastern Cape, on a
channeled plateau characterised by good wind speeds. In the construction of the
wind farm, the parties will be paying particular attention to maximising local
manufacturing content and employment. Accordingly, Nordex will also be utilising
the services of local partners and setting up a permanent local service station.
In addition, it has recently established a subsidiary based in Cape Town.

The "Dorper" wind farm is one of the first renewable energy projects which the
Department of Energy of South Africa selected in December 2011 and awarded a
20-year power purchase agreement. Further tendering processes are to be held in
2013 in order to provide clean and sustainable electricity supplies in the
growth region of South Africa.

"I am convinced that our South African company will make a key contribution to
modernising the region's power station base. Such decentralised projects are
important as they generate local employment outside urban areas," says Lars
Bondo Krogsgaard, a member of Nordex SE's Management Board. In addition to the
"Dorper" reference project, Nordex qualified as a preferred supplier for a
further major project in South Africa in December 2011.

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22

end of announcement                               euro adhoc 

company:     Nordex SE
             Langenhorner Chaussee 600
             D-22419 Hamburg
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: Nordex SE

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