Nordex: Successful re-entry into the Swedish market

New branch awarded contracts worth EUR 47 million

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Norderstedt (euro adhoc) - Nordex has made a successful return to the
Swedish market with two major contracts. The two wind farms with
installed capacity of 35 and 15 megawatts, respectively, have a
combined value of EUR 47 million. "We owe this success to our new
branch in Sweden," explains Carsten Pedersen, COO Sales and Marketing
at Nordex AG. Nordex had retreated from Sweden in 2003 as the market
did not generate sufficient business. In August 2006, the team
re-established operations in Uppsala near Stockholm.

The new contracts prove that Nordex was right to take this step. Work
on constructing the Bondön wind farm is to commence at the end of
2007. Comprising 14 turbines N90/2,500 kW, the project is being
executed for Danish developer Global Green Energy. Nordex is selling
the second project - Huds Moar - to the in 2005 es-tablished operator
Rabbaldshedde Kraft. The six N90/2,500 kW turbines are to go into
operation at a site north of Gothenburg in spring 2008.

This year, Nordex will be recruiting project managers and service
staff for the Swedish branch. Explains Pedersen: "We expect to
receive further contracts in the near future and want to reinforce
our local team to handle the projects more efficiently. We have in
the N90/2500 an ideal turbine for wind speeds in Sweden and are now
offering a modified climate version of this model." This will ensure
production in sub-zero temperatures of up to 20 degrees.

The strong demand for wind turbines in Sweden is being driven by the
obligation which has been imposed on utilities to generate at least
16 percent of their output from renewable sources. At the same time,
the prices of wind-generated electricity are tied to spot electricity
prices, which are currently rising, as well as the price of traded
green certificates. The price of electricity in the Scandinavian
Nordpool electricity exchange rose by almost 40 percent in 2006.

end of announcement euro adhoc 29.05.2007 09:52:55
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
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