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Chinese production of Nordex multi-megawatt turbines commenced

Norderstedt (euro adhoc) -

First multi-megawatt turbines leaving the assembly line in Ningxia
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Barely one year after the signing of the
joint venture agreement between the Nordex Group and its Chinese
partners (Ningxia Electric Power Group and Ningxia Tianjing Electric
Energy Development Group), the first multi-megawatt turbines are
leaving the new joint assembly facility in Yinchuan. "This is a major
step forward for us. Local production facilities are crucial for
success in China in the future. And what we’re talking about is one
of the world’s largest growth market," says Thomas Richterich,
commenting on the delivery of the first 1.5 MW turbine. The Chinese
government wants to increase the installed wind farm capacity from a
current volume of around 1,500 MW to 30,000 MW by 2020.
The first turbines will be sent straight to a major project being
executed by the partner companies involving a wind farm located in
the province of Ningxia with a total capacity of 200 megawatts. In
the long term, annual output at this facility is to be increased to
300 MW per year, equivalent to 200 Nordex S70/77 (1,500 MW) turbines,
which are being assembled here. Nordex will also be building the
rotor blades for these turbines in China as of January 2007, when the
company’s new rotor blade production facility commences op-erations
in Dongying. Once fully up and running, this plant will supply up to
300 turbines with rotor blades each year.
Pictures of the rollout are available at Nordex
end of announcement                               euro adhoc 22.11.2006 15:11:47

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
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

Original content of: Nordex SE, transmitted by news aktuell

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