Corporate | 28 April 2014 08:25
DGAP-News: Nordex SE / Key word(s): Corporate Action
28.04.2014 / 08:25
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Luxembourg/Rostock - 28 April 2014. The European Investment Bank (EIB) will
support the research and development activities (R&D) of wind turbine
manufacturer Nordex SE. The bank will provide the company with a loan of
EUR 100 million for its multi-year R&D programme.
The global Group specialises in the development, manufacture and
installation of wind turbine generators. Within the framework of the R&D
programme, which is due to run until 2017, Nordex will work together with
suppliers and research institutes in the European Union.
With this research Nordex plans to step up the development of increasingly
efficient technical solutions in order to improve its competitiveness. At
the same time the company aims to achieve grid parity for wind energy in
all standard locations. Onshore wind power already counts among the most
economical methods of generating electricity within the renewable energy
sector. This source thus plays a key role in cost-efficient climate
protection and helps reduce dependence on fossil fuels.
Among the focus areas for funding activities of the EU bank are projects
designed to protect the climate and the environment. In 2013, financing in
this area accounted for a total share of EUR 19 billion with the expansion
of renewable energies playing a key role. In 2013, the EIB provided loans
amounting to EUR 6.4 billion for this purpose. The bank believes that
programmes such as that set up by Nordex make a major contribution to
meeting the EU climate targets, which, among other things, stipulate that
the share of electricity generated from renewable sources is to increase to
27 percent across the EU by the year 2030.
Signing the loan agreement, Wilhelm Molterer, Vice President of the EIB
whose responsibilities include financing activities in Germany, said: "Wind
energy not only plays a key role when it comes to Germany's ambitious
energy turnaround. It also makes a substantial contribution to meeting the
binding EU-wide climate targets. With its wide-ranging expertise Nordex
numbers among the most important companies in the wind energy sector.
Intensive research work is the basis of this success. This is why we as a
EU bank consider the financing of R&D to be one of our central tasks."
Background information:
The European Investment Bank (EIB) is the European Union's bank for
long-term financing. It is owned by the member states of the EU. The EIB's
task is to promote the aims of the EU by providing long-term finance for
viable projects. Apart from financing research, development and innovation,
the bank focuses its activities on strategic infrastructure, resource
efficiency as well as small to mid-size companies.
As a technological leader among suppliers of megawatt turbines, Nordex
benefits particularly from the global trend towards large wind turbines.
The Generation Gamma product range comprises the N90/2500, N100/2500 and
the N117/2400, which is one of the most efficient inland turbines. To date
more than 2,600 turbines from this platform have been produced. This means
that Nordex has a crucial edge in terms of experience in operating large
turbines compared to most of its competitors in the sector. With Generation
Delta Nordex is now offering the fourth turbine generation of the proven
multi-megawatt platform (N100/3300, N117/3000, N131/3000). Overall, Nordex
has installed around 6,000 turbines with a capacity in excess of 10,000 MW
around the world. With exports accounting for over 80 percent of its
business, Nordex SE also has a strong position in international high-growth
regions. The company has offices and subsidiaries in 22 countries around
the world. The Group currently employs a workforce in excess of 2,500
worldwide.
End of Corporate News
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28.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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: info@nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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