Nordex SE

EANS-News: Nordex awarded largest contract to date in Romania

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Subtitle: Contract awarded by Iberdrola Engineering & Construction for the 80 MW
“Chirnogeni” wind farm

Company Information/Order intake

Hamburg (euro adhoc) - 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

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.

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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