13.12.2016
Nordex SE DE000A0D6554
DGAP-News: Nordex Group secures new order in the US
DGAP-News: Nordex SE / Key word(s): Incoming Orders
Nordex Group secures new order in the US
13.12.2016 / 08:39
The issuer is solely responsible for the content of this announcement.
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- IPP purchases safe harbor components from Nordex for future wind farm
projects
- Ordering components ensures that wind farm operator obtains top tax
credit from Production Tax Credit
Hamburg, 13 December 2016. An international IPP has now signed a contract
with the Nordex Group for PTC qualifying components corresponding to a
value of 32 million US Dollars. The total volume of the customer's upcoming
US projects, based on this contract, is expected to equate to 15 times the
total value of the agreement.
The manufacturer has already begun execution of the order, featuring the
AW3000 turbine. This ensures that the customer can obtain the full tax
benefit for its wind farms according to the "safe harbor" terms by
achieving commercial operation until 2020. In the US the Internal Revenue
Service (IRS) requires wind energy projects to begin in 2016 and to be
placed in service in order to qualify for the full Production Tax Credit
(PTC) of 2.3 cents per kWh. However, most of execution of the order is
expected to take place in 2018.
"A low cost of energy is the key to the success of a project. Apart from
the continuous increase in the efficiency of our turbines, basically we
therefore help our customers obtain the best possible tax benefit for their
projects - as in the present case with the safe harbor solution where we
have guaranteed that our customer can obtain the maximum PTC rate," says
CSO Sales & Marketing Patxi Landa.
The Nordex Group - a profile
The Group has installed around 20 GW of wind energy capacity in over 25
markets. In 2015 Nordex and Acciona Windpower generated combined revenues
of EUR 3.4 billion. The company currently employs a workforce of around
5,000. 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 3.6 MW class, which are tailor-
made for the market requirements in developed and emerging markets.
For more information, please contact:
Nordex SE
Felix Losada
Phone: 040 / 300 30 - 1000
[email protected]
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13.12.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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529177 13.12.2016
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