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Nordex SE, DE000A0D6554

Nordex SE, DE000A0D6554

12.06.2019 - 07:32:35

Nordex Group obtains order for 93 MW from Spain

Hamburg, 12 June 2019. Business in Spain is picking up again for the Nordex Group. At the end of May 2019 the turbine manufacturer received an order from Grupo Enhol, a Spanish project developer. All in all, the Nordex Group will supply and install 27 AW132/3465 turbines with a rated capacity totalling 93.55 megawatts for its new customer. The order also includes a Full Service Contract covering 10 years with an option to extend for a further 10.

The "Cabanillas" project with 15 turbines and "Ablitas" project with 12 turbines are to be built in the municipalities of Cabanillas and Ablitas in the province of Navarra in the north of Spain. Turbine installation is scheduled to begin in March and commissioning is planned to commence in June 2020. With average wind speeds of 7 m/s the wind farms boasts a capacity factor of between 42.5 and 45 percent.

The two wind farms will produce around 320 GWh of clean electricity a year. Grupo Enhol is to sell the electricity to the energy supplier Factorenergia over a period of 20 years on the basis of a Power Purchase Agreement. Such an agreement regulates the purchase and sale of electricity between two parties, without an intermediary, the buyer acquiring a certain amount of energy at a fixed price and within a fixed time frame. With a term of 20 years, this is the longest Power Purchase Agreement in Spain to date.

Grupo Enhol - a profile Grupo Enhol is a group of companies from Navarre, Spain, and has been fully family-owned for four generations. The company is highly diversified with a footprint in several business sectors, energy being the most important. Grupo Enhol was founded in the 1930s and is a pioneer in the area of renewable energy, where it began its activities more than 20 years ago. It develops large power generation projects as well as projects for the Group's own power consumption, all of which are based on renewable sources. The company has a philosophy of proactive social responsibility, where priority is given to the economic development of the regions in which it operates, collaboration with the local authorities and sustainable processes.

The Nordex Group - a profile The Group has installed more than 25 GW of wind energy capacity in over 40 markets and in 2018 generated revenues of around EUR 2.5 billion. The company currently has more than 5,500 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and in Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are tailor-made for the market requirements in countries with limited space and regions with limited grid capacity.

For more information, please contact: Nordex SE Felix Losada Phone: +49 (0)40 / 300 30 - 1141flosada@nordex-online.com

Contact for investors: Nordex SE Felix Zander Phone: +49 (0)40 / 300 30 - 1116fzander@nordex-online.com

12.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Nordex SE Erich-Schlesinger-Straße 50 18059 Rostock

Germany Phone: +49 381 6663 3300 Fax: +49 381 6663 3339 E-mail: info@nordex-online.com Internet: www.nordex-online.com ISIN: DE000A0D6554 WKN: A0D655 Indices: SDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 822665   End of News DGAP News Service

822665  12.06.2019 

@ dgap.de