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​Nordex obtains 300 MW order for major project in India

2019-01-08 07:30:06

DGAP-News: Nordex SE / Key word(s): Incoming Orders

08.01.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Hamburg, Bangalore, 8 January 2019. In December 2018, the Nordex Group has received a 300 MW turnkey order from Sprng Energy Private Limited. The project "Mulanur" is located in the state of Tamilnadu, near to the city of Coimbatore. Sprng Energy Private Limited is the Indian subsidiary for renewable energy of the private equity fund Actis, one of the leading investors in rapid-growth developing countries.

Under the turnkey contract, Nordex will supply, erect and commission 100 AW140/3000 turbines with 3 MW installed capacity, rotor diameters of 140 meters and hub heights of 120 meters. Construction of the 300 MW "Mulanur" wind farm is scheduled to commence in May 2019 and is to be completed at the beginning of 2020.

The Nordex Group will build the turbines and rotor blades in its local factories near Chennai. The 120-metre concrete towers are also to be produced locally, in the Nordex factory located in Tamilnadu within the vicinity of the wind farm. "Local production creates jobs and reduces investment costs," says Patxi Landa, Chief Sales Officer of the Nordex Group.

"We are excited to partner with Nordex Group and set-up the state of the art 3MW WTG which will be the largest turbine in India having the biggest rotor of 140m, for our project" said Gaurav Sood, CEO of Sprng Energy.

Sprng Energy Private Limited

Sprng Energy is a platform for renewable energy set up in India by Actis with a total obligation of USD 450 million from Actis Energy Fund 4 to develop around 2 GW of renewable energy forms (solar and wind) in the coming 4-5 years.

The Nordex Group

The Group has installed more than 23 GW of wind energy capacity in over 25 markets and in 2017 generated revenues of EUR 3.1 billion. The company currently has more than 5,000 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States and India. The product portfolio is focused on onshore turbines in the 1.5 to 4.8 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 - 1141
flosada@nordex-online.com

Contact for investors:

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



08.01.2019 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.

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