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Nordex SE: Ardian and OX2 switch to N149/5.X turbines at Swedish 286 MW Åndberg wind farm

2020-01-10 07:30:03

DGAP-News: Nordex SE / Key word(s): Product Launch/Market launch
10.01.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

- First wind farm to utilize N149/5.X turbines
- In December 2019, Ardian, a leading private investment house, and OX2, a leading Nordic developer, have signed an agreement with Nordex to utilize more powerful turbines at the Åndberg windfarm

Hamburg, 10th January 2020 - Ardian and Nordic developer OX2 are relying, for the first time, on Nordex turbines of the 5 MW class for the 286 MW wind farm "Åndberg". The Nordex Group had already booked this order comprising 53 turbines as order intake in 2019, at that time on the basis that N149/4.0-4.5 turbines of the 4-MW class would be used. In December 2019, the customers and Nordex signed a contract for the use of even more powerful turbines at the wind farm. This makes the Åndberg project the first wind farm using the new N149/5.X turbine, which the Nordex Group introduced in March 2019.

Åndberg is currently being constructed in the province of Härjedalen, near Lillhärdal in western Sweden. The wind farm was sold to Ardian, a leading international private investment company, in February 2019 and forms part of their Nordic sustainable energy investment platform, eNordic. Following its completion in 2021, Åndberg will annually provide clean electricity in excess of 800 GWh, making it one of the largest wind farms in Sweden. Developer OX2 delivers the wind farm through an engineering and construction (EPC) agreement with Ardian.

Simo Santavirta, Head of Asset Management, Ardian Infrastructure, says: "These new turbines are innovative engineering, delivering impressive power, flexibility and efficiency. We are always looking to use the very best technological solutions for our assets and these turbines are a good example of this".

Paul Stormoen, CEO at OX2 says: "We have a long-standing relationship with Nordex and are happy to see them continuing to develop competitive turbines suitable for the growing Nordic market".

"We are pleased that OX2 has again opted for our wind turbines last year," says Patxi Landa, CSO of the Nordex Group. "Technologically the N149/5.X is based on the N149/4.0-4.5 turbine type from the Delta4000 series. The N149/5.X can also be flexibly operated in different modes, depending on project requirements - and now in the 5+ MW power range too."

The Nordex Group - a profile
The Group has installed more than 27 GW of wind energy capacity in over 40 markets and in 2018 generated revenues of EUR 2.5 billion. The company currently has more than 6,000 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and 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 of countries with limited space and regions with limited grid capacity.

About OX2
OX2 develops, builds and manages renewable power generation. OX2 has taken a leading position in large-scale onshore wind power over the past 15 years, having generated more than 2 GW of wind power in the Nordic region. By constantly increasing access to renewable energy, OX2 is promoting the transition towards a more sustainable future. OX2 has operations in Sweden, Norway, Finland, Poland, Lithuania, France and Germany. Its head office is located in Stockholm, Sweden. Sales revenue in 2018 amounted to EUR 403 million. www.ox2.com

About Ardian
Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian's activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 550 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. www.ardian.com

About eNordic
eNordic is the Nordic's first sustainable energy platform, formed by a partnership between Ardian, a world-leading private investment house, and leading domestic industry executives. Through a local, responsible and agile investment approach, eNordic enables the transformation of the energy sector through long-term partnerships with those that develop or operate sustainable energy projects in the Nordics. It invests in opportunities in wind, biomass, hydro and district heating, in addition to traditional energy assets that have the potential to be transformed or managed in a particularly sustainable way. eNordic is based in Sweden and Finland, with local teams operating throughout the Nordics region. www.enordic.fi

For more information, please contact:

Nordex SE
Felix Losada
Phone: +49 (0)40 / 300 30 - 1141
flosada@nordex-online.com

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

Ardian/eNordic
Headland
Carl Leijonhufvud
Phone: +44 20 3805 4827
cleijonhufvud@headlandconsultancy.com



10.01.2020 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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