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Nordex Continues Series of Orders in Fourth Quarter

Hamburg, Germany - The wind turbine manufacturer Nordex has been able to further increase its high order intake after the first three quarters 2019 in the current fourth quarter. In recent weeks in particular, Nordex has reported a number of orders from various regions around the world.

These include several orders for various clients for wind farm projects in Turkey. Since entering the Turkish market in 2007, the Nordex Group has installed more than 2.03 GW of wind capacity there, representing a market share of almost 27 per cent. Now the company has again received orders from this country on the Bosporus: for its long-standing customer Boydak Enerji, the Nordex Group will supply 21 N149/4.0-4.5 turbines with a rated capacity of 4.8 megawatts (MW) each for the "Ömerli" wind farm. On top of this, Boydak Enerji has ordered an additional 22 N117/3675 turbines for the "Sibel" project. Both orders totaling 248 MW include Premium Service for a period of 10 years. Nordex also received an order from its new customer Karayel Elektrik to install 16 N149/4.0-4.5 turbines for the 76.8 MW "Vize-2" wind farm. The machines, from the Delta4000 series, will be supplied in the 4.8 MW operating mode. The latest order from Turkey comprises the supply of thirteen N133/4.8 turbines for the Mersinli wind farm with a total capacity of 62.4 MW. It is the first order from Turkey for the N133/4.8 turbine, the strong-wind variant of the Delta4000 series.

Besides the orders from Turkey the Nordex Group in the last weeks received orders totaling 128 MW from seven customers from Ireland, Germany, France and Sweden. Construction of the projects will start in 2020 and 2021. The N149/4.0-4.5, N100/3300 and N117/3600 turbines were in this instance the machines in demand. According to the company this variety of turbines ordered proves the attractiveness of the Nordex Group's product range, which is tailored to different market requirements and wind regimes. The geographical distribution of orders also underlines the greater independence of the Nordex Group from developments in individual markets, Nordex CSP Patxi Landa adds.

Furthermore Nordex also reported on two orders from Mexico and Chile. The company has received an order to supply and install a total of 40 AW132/3300 and two AW132/3000 turbines with a combined rated output of 138 megawatts in Mexiko. The project will be built in the state of Tamaulipas in the north-east of Mexico; the installation will start in spring 2020. The turbines, which will have a hub height of 120 meters, will be installed on concrete towers manufactured locally by the Nordex Group at its Mexican manufacturing plant in Marín, located in the state of Nuevo León. Also the Nordex Group has received its first order for its N149/4.0-4.5 turbines from Chile. Mainstream Renewable Power, the global wind and solar development company, has ordered 18 turbines from the Delta4000 series for the "Alena" wind farm with a total capacity of 86 MW. The Nordex Group will supply the N149 turbines in the 4.8 MW operating mode. Installation of the turbines is due to start in autumn 2020.

The price of the wind energy manufacturer listed in the RENIXX World Renewable Energy Share Index has risen by around 6 percent since November. In today's trading, Nordex has climbed by 1.14 percent to a price of EUR 12.42 (2019-12-13: 09.15 a.m.). Since the beginning of the year, the Nordex share price has thus risen by around 63 percent.

Source: IWR Online, Dec 12 2019