Nordex supplying multi-megawatt turbines to Ireland
Contract worth a total of around EUR 20 million
ots-CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Nordex AG has received its largest order to date from Ireland. In a contract worth around EUR 20 million, it will be supplying a total of nine N90/2500 turbines to County Limerick in July 2007. The customer is the SWS (South Western Services) Group, whose Natural Resources division is a leader in renewable energy development in Ireland. In addition to CHP stations, biomass and waste-to-energy systems, the Group is also concentrating on wind farms.
The nine multimegawatt Nordex turbines are to be deployed at the Knockawarriga wind farm, where they will generate sufficient energy to cover the energy requirements of 18,000 households. On an elevated plateau near Newcastle West, with average wind speeds of greater than 8.0 m/s prevail at a tower height of 75 meters, ideal conditions for the 90-meter rotors fitted to the turbines.
Nordex had previously assembled wind farms in Ireland in 2003 and 2004 including ten N80/2500 turbines. To date, it has installed around 280 N80/N90 turbines around the world, making this series one of the most exhaustively proven systems of its class.
The Republic of Ireland has extensive plans for encouraging the use of renewable energies, which are to contribute 13.2% to total electricity production by 2010. As part of these efforts, the installed wind turbine capacity is to roughly double to around 1,000 megawatts. To achieve this, a new feed-in remuneration system for electricity produced from renewable sources came into effect as recently as in June 2006. Under these new arrangements, wind farm operators will receive a fixed rate of up to 5.9 euro-cents per kilowatt/hour for a period of 15 years. As early as in March, the Commission for Energy Regulation offered 1,000 megawatts of new grid capacity under the Gate 2 renewable connection process.
end of announcement euro adhoc 30.08.2006 09:00:00
Further inquiry note:
Ralf Peters
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com
Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share
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