Nordex SE — M&A Activity 2013

Aug 30, 2013

News Details

Corporate | 30 August 2013 08:45

Nordex: Further 50 MW follow-up contract in Pakistan

Nordex SE / Key word(s): Incoming Orders

30.08.2013 / 08:45

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* Third wind farm for the Fauji Foundation Group
* 20 N100/2500 turbines
* Project to go on line second half 2014

Hamburg, 30 August 2013. Nordex's business in Pakistan is continuing to
gain momentum. FWEL I, the second 50MW contract of five from Nordex
conditional order backlog has now obtained financial close and notice to
commence has been issued. Fauji Foundation and the infrastructure fund Cap
Asia (Malaysia) are the major shareholders again.

The 20 N100/2500 megawatt turbines are to be installed in the province of
Sindh in 2014. This is the same province where the other two wind farms -
'FFCEL' and 'FWEL II' - are located. The close proximity of all three
projects will enable Nordex to leverage synergies such as centralizing the
provision of services under the warranty and O&M contracts. As before,
Nordex will be executing the new project with its local partner Descon
Engineering who will execute the Balance of Plant on EPC basis. An O&M
contract for three years of premium service after expiry of the warranty
period has also been signed for the project

'The experience which we have gained with such complex projects and the
technical adjustments to our turbines for operation in such climatic
conditions are key determinants for our leading market position in
Pakistan,' says Lars Bondo Krogsgaard, a member of Nordex's Management
Board.

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
Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400,
which is one of the most efficient onshore turbines. To date, over 2,400 of
these turbines have been produced. This experience with multi-megawatt
turbines gives Nordex a decisive lead over most of its competitors. With
Generation Delta, Nordex is now offering the fourth generation of its
proven multi-megawatt platform (N100/3300, N117/3000). Nordex has installed
a total of around 5,500 turbines with an aggregate capacity of more than
9,000 MW all around the world. With exports accounting for more than 85
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. The Group currently has a good 2,500 employees
around the world.

End of Corporate News

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Language: English
Company: Nordex SE
Langenhorner Chaussee 600
22419 Hamburg
Germany
Phone: 040 / 30030 1000
Fax: 040 / 30030 1101
E-mail: info@nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

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