EANS-News: Nordex AG / Nordex and Allianz extend their collaboration in France

Allianz has acquired two more wind farms from Nordex France

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Company Information

Subtitle: Allianz has acquired two more wind farms from Nordex France

Norderstedt (euro adhoc) - Hamburg, 23 November 2009. Nordex AG is
further improving its position as one of the leading project
developers on the French market: Allianz Specialised Investments,
part of the alternative asset investment activities of the Allianz
Group, has purchased the wind farms "Barbes d´Or" (12.5 MW) and
"Joyeuses" (10 MW), planned and erected by Nordex. The total projects
are equipped with Nordex N90/2500 turbines with 100 metre hub heights
and are located in central France near to Issoudun.

In April this year Allianz already acquired the 12.5 MW "Les Cent
Jalois" wind farm (12.5 MW) in the region of Aisne in northern
France. This marked the start of the collaboration between Allianz
and Nordex France. "We are pleased about this partnership. Allianz
has now decided three times in favour of our N90/2500 technology,
which has proved such an allround success", said Carsten Pedersen,
COO Sales and marketing at Nordex.

With 334 MW on grid, Nordex is one of the three largest project
developers in France. Overall, today Nordex France has a portfolio of
1,000 MW in different stages of development.

David Jones, CEO of Allianz Specialised Investments, said: "We are
pleased to have acquired these two wind farms from Nordex and thereby
increase our activities in France. We now have four operational wind
farms in this key wind energy market. These latest investments also
take our operational asset base in Europe to over 300 MW."

About Nordex As one of the technological leaders in multi-megawatt
wind power systems, Nordex is benefiting from the trend in favor of
large-scale turbines. The range comprises one of the world´s largest
series-produced wind turbines (N80/N90/N100 2,500 kW). To date, over
1,000 turbines of this type have been installed around the world.
This experience with multi-megawatt turbines gives Nordex a decisive
lead over most of its competitors. Nordex has installed more than
3,900 turbines with an aggregate capacity of around 5,400 MW all
around the world. With exports accounting for over 95 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. The Group currently has 2,200 employees around the
world.

About Allianz Specialised Investments As part of Allianz´s
alternative asset investment activities, Allianz Specialised
Investments is dedicated to the segment of renewable energy
investments. Its aim is to build up a long-term portfolio in
renewable energy sources, especially wind energy and solar PV.

For more information, please contact:
Nordex AG
Ralf Peters
Telephone: + 49 - 40 - 300 30 - 1000, Telefax: - 1333

Allianz Group
Petra Kruell
Telephone: + 49 - 89 - 3800 - 2628, Telefax: - 82628
Mail: petra.kruell@allianz.com

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Felix Losada

Tel.: +49 (0)40 300 30 1141

flosada@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
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