Nordex SE

Nordex: successful entry into the Belgian market

Framework contract signed worth EUR 73 million

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Norderstedt (euro adhoc) - Hamburg, 23 September 2008. Nordex has obtained its first order from Belgium: in the coming two years the company is to supply up to 22 large turbines from the N100/2500 series for Air Energy, one of the biggest wind farm developers in Belgium. Nordex will be installing the machines in several projects mainly located in Wallonia. The value of the framework agreement comes to around EUR 73 million. In addition to this, Nordex and Air Energy have signed Premium Service Agreements for periods of ten years.

The sites developed by Air Energy in Wallonia are characterised by moderate wind speeds of between 6 and 7 m/s. These are exactly the site conditions for which the Nordex N100 is designed. This turbine is able to make optimal use of wind power in inland regions. By choosing Nordex´ latest technology, Air Energy will have access to the new range of the 2.5 MW turbine type.

Entry into the Belgian market comes at just the right time in terms of the growth outlook - new capacity of 830 MW is to be created by 2012. Last year a mere 75 MW were added to existing capacity. Belgium has set itself the target of increasing the share of "green" energy on grid from today´s 2% to around 13% by 2020. "The order from Air Energy is a good reference for Nordex, which will enable us to create an important foundation for expanding our business in Belgium", said Carsten Pedersen, COO Sales and Marketing at Nordex.

About Nordex As a technological leader among suppliers of megawatt turbines, Nordex benefits particularly from the global trend towards large-scale wind turbines. The product range includes one of the largest series wind power systems in the world (N80/N90/N100 2,500 kW). Today more than 1,000 of these turbines are produced. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. Nordex has installed a total of over 3,300 turbines with a capacity of more than 4,000 MW around the world. With exports accounting for over 90 percent of its business, Nordex AG plays a key role in international high-growth regions. The Company has offices and subsidiaries in 18 countries around the world. In total, the Group employs about 1,850 people worldwide.

Air Energy - a profile Founded in 2001, Air Energy is active in the field of electricity production from renewable sources and more specifically from wind energy. Having put 55 MW on grid to date and with another 26 MW under construction, the Group is one of the market leaders in the Belgian wind industry. Air Energy is indirectly controlled by the Dutch Group Eneco.

end of announcement                               euro adhoc

Further inquiry note:

Felix Losada
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Branche: Alternative energy
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