EANS-News: Nordex acquiring a stake in an offshore project

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Company Information

Norderstedt (euro adhoc) - Nordex SE has signed a contract to acquire
a roughly 40% stake in the project company which is developing the
"Arcadis Ost 1" offshore wind farm. The planned site is located
within the 12 nautical mile zone of the German part of the Baltic Sea
17 kilometers North East of the island "Rügen" at a water depth of
around 40 meters. In the preliminary construction phase, around 70
turbines with a combined capacity of at least 300 megawatts are to be
installed there. Given a mean wind speed of 9.6 m/s and around 3,600
full load hours, the wind farm is expected to achieve an annual
energy yield of over 1,100 gigawatt/hours, sufficient to provide
282,000 households with electricity, simultaneously avoiding more
than one million tons of carbon dioxide emis-sions.

Construction of the first turbines is planned for 2014. In this
connection, the shareholders assume that permits will be awarded in
2011. The planned area has been zoned as a suitable maritime region
and the preparatory work on the application process has reached an
advanced stage. Nordex started work last year on developing a new
multimegawatt turbine for offshore deployment.

"In Germany in particular, the targets defined in the government´s
climate policy can only be achieved by the greater construction of
offshore wind farms. For this reason, a market segment comprising
turbines with an new installed capacity of over five megawatts per
annum will emerge over the next few years. Following preliminary test
installations in the Baltic Sea, "Arcadis Ost 1" will be our
reference project in the offshore market," says Thomas Richerich, CEO
of Nordex SE.

The majority shareholder in the project company is WV Energie AG, a
50% subsidiary of Wintershall AG. The remaining 50% of WV Energie AG
are owned by more than 200 German utilities. The transaction is still
subject to approval by several bodies, particularly the responsible
anti-trust authorities and supervisory boards.

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

Further inquiry note:

Ralf Peters

Head of Corporate Communication

Tel.: +49 (0)40 300 30 15 22

rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
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