WINDPOWERUPDATE

Transcription

WINDPOWERUPDATE
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 1
NO. 20 ı May 20 06
NEWSLETTER FROM
www.nordex-online.com
Germany 2,50 5
Austria 2,70 5
Switzerland 4,90 sfr
WINDPOWERUPDATE
SERVICE AT NORDEX:
UP, UP AND AWAY:
CHINA:
New service infrastructure
N90 installed on 105 m
Nordex supplies new
enhancing availability of
high lattice tower for
generation of
replacement parts
first time
turbines to China
PAGE 10
WE ARE REPRESENTED WITH OFFICES AND
SUBSIDIARIES WORLDWIDE.
Nordex AG
Bornbarch 2
22848 Norderstedt – Germany
Phone: +49 40 50 09 81 00
Fax:
+49 40 50 09 81 01
E-Mail: info@nordex-online.com
Nordex Energy GmbH
Erich Schlesinger Strasse 50
18059 Rostock – Germany
Phone: +49 38 14 02 03 00
Fax:
+49 38 14 02 03 39
E-Mail: info@nordex-online.com
Vertrieb Nordex Energy GmbH
Bornbarch 7
22848 Norderstedt – Germany
Phone: +49 40 500 98 490
Fax:
+49 40 500 98 491
E-Mail: info@nordex-online.com
Nordex Energy GmbH
C. F. Tietgensvej 10
6000 Kolding, Denmark
Phone: +45 75 73 44 00
Fax:
+45 75 73 41 47
E-Mail: denmark@nordex-online.com
Service Nordex Energy GmbH
Bornbarch 7
22848 Norderstedt – Germany
Phone: +49 40 500 98 209
Fax:
+49 40 500 98 301
E-Mail: info@nordex-online.com
Nordex France SAS
1, Rue de la Procession
93217 La Plaine Saint-Denis – France
Phone: +33 155 93 43 43
Fax:
+33 155 93 43 40
E-Mail: france@nordex-online.com
Nordex UK
Egerton House
The Towers Business Park –
Didsbury M20 2DX
United Kingdom
Phone: +44 161 445 99 00
Fax:
+44 161 445 99 88
E-Mail: uk@nordex-online.com
China
Nordex Beijing
Room 6c
Tower A, Star City,
No.10 Jiuxianqiao Road,
Chaoyang District,
Beijing 100016
P. R. China
Phone: +86 10 64 33 64 77
Fax:
+86 10 64 33 68 55
E-Mail: china@nordex-online.com
Nordex Ibérica SA
Carrer de Guitard, 43, 7° 2a
08014 Barcelona – Spain
Phone: +34 93 20 57 899
Fax:
+34 93 20 57 903
E-Mail: spain@nordex-online.com
Nordex Italia s. r. l.
c/o
SCF Commercialisti Associati
Via Augusto Anfossi 36
20135 Milano
Phone: +39 02 54 10 76 42
Fax:
+39 02 54 11 94 63
E-mail: info@nordex-online.com
BALTIC SEA:
FIRST OFFSHORE TURBINE
INSTALLED IN GERMANY
PAGE 12
PAGE 16
PAGE 24
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 2
10
SERVICE AT
NORDEX:
NEW SERVICE
INFRASTRUCTURE
ENHANCING
AVAILABILITY OF
REPLACEMENT
PARTS
| Contents
CONTENTS
02_03
| Background
PRODUCTION OF MW TURBINES BEING SET UP:
NORDEX ESTABLISHING JOINT VENTURE IN CHINA
24
UP, UP AND AWAY:
N90 INSTALLED ON A 105 METER HIGH LATTICE
TOWER FOR THE FIRST TIME
| Economy
| Service
| Europe
16
| Asia
WINDPOWERUPDATE is published by Nordex AG,
Bornbarch 2, 22848 Norderstedt, Germany.
Phone: +49 40 50 09 8 -100, Fax: +49 40 50 09 8 -101
12
BALTIC SEA:
FIRST OFFSHORE
TURBINE INSTALLED IN GERMANY
Editorial office: Marketing & PR Department
| Global
Layout: Heuer & Sachse, Hamburg, Germany
Edition no. 20
Issues: 8.000
Cover photo: N90-Offshore
| News
Interview with Dr. Hansjörg Müller, COO Operations
at Nordex AG: “We want to extend our service
on a sustained basis”
6
Did you know ...
7
Review of 2005:
Successful business performance
8
Service at Nordex:
New service infrastructure enhancing availability
of replacement parts
10
Baltic Sea:
First offshore turbine installed in Germany
12
Offshore wind energy:
“Gamblers not wanted …”
14
Up, up and away:
N90 installed on 105 m high lattice tower for first time
16
55,000 MWh per year
Nordex building 30 MW wind power plant
18
Italy:
Nordex successfully entering the Italian market
19
France:
Five N90/2300 kW turbines connected to the grid
20
Spain:
Tortosa wind farm with 37 turbines installed
21
United Kingdom:
Another success for Nordex in Scotland
22
Czech Republic:
Nordex installing three N80/2500 kW turbines
23
Hong Kong harvesting wind:
500 households being supplied with clean electricity
24
China:
Nordex supplies new generation of turbines to China
24
Production of MW turbines being set up:
Nordex establishing joint venture in China
26
Worldwide installations
27
India - boom in wind energy
26
Wind power – price almost on a par with
base load electricity
27
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 2
10
SERVICE AT
NORDEX:
NEW SERVICE
INFRASTRUCTURE
ENHANCING
AVAILABILITY OF
REPLACEMENT
PARTS
| Contents
CONTENTS
02_03
| Background
PRODUCTION OF MW TURBINES BEING SET UP:
NORDEX ESTABLISHING JOINT VENTURE IN CHINA
24
UP, UP AND AWAY:
N90 INSTALLED ON A 105 METER HIGH LATTICE
TOWER FOR THE FIRST TIME
| Economy
| Service
| Europe
16
| Asia
WINDPOWERUPDATE is published by Nordex AG,
Bornbarch 2, 22848 Norderstedt, Germany.
Phone: +49 40 50 09 8 -100, Fax: +49 40 50 09 8 -101
12
BALTIC SEA:
FIRST OFFSHORE
TURBINE INSTALLED IN GERMANY
Editorial office: Marketing & PR Department
| Global
Layout: Heuer & Sachse, Hamburg, Germany
Edition no. 20
Issues: 8.000
Cover photo: N90-Offshore
| News
Interview with Dr. Hansjörg Müller, COO Operations
at Nordex AG: “We want to extend our service
on a sustained basis”
6
Did you know ...
7
Review of 2005:
Successful business performance
8
Service at Nordex:
New service infrastructure enhancing availability
of replacement parts
10
Baltic Sea:
First offshore turbine installed in Germany
12
Offshore wind energy:
“Gamblers not wanted …”
14
Up, up and away:
N90 installed on 105 m high lattice tower for first time
16
55,000 MWh per year
Nordex building 30 MW wind power plant
18
Italy:
Nordex successfully entering the Italian market
19
France:
Five N90/2300 kW turbines connected to the grid
20
Spain:
Tortosa wind farm with 37 turbines installed
21
United Kingdom:
Another success for Nordex in Scotland
22
Czech Republic:
Nordex installing three N80/2500 kW turbines
23
Hong Kong harvesting wind:
500 households being supplied with clean electricity
24
China:
Nordex supplies new generation of turbines to China
24
Production of MW turbines being set up:
Nordex establishing joint venture in China
26
Worldwide installations
27
India - boom in wind energy
26
Wind power – price almost on a par with
base load electricity
27
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 3
04_05
| Editorial
NORDEX PRODUCTPROGRAM
Type
Regulation
Markets
1.300 kW
Stall
Asia, Europe, Latin America
Nordex S70, S77
1.500 kW
Pitch
Europe, China
Nordex N80
2.500 kW
Stall
Asia, Europe, Latin America
Nordex N90
2.300 kW
Pitch
Europe
Nordex N90
2.500 kW
Pitch
Europe, Asia
Nordex N60
Capacity
EDITORIAL
Dear reader,
in this issue of Windpower Update, we would like to brief you on a selection of our new wind farm
projects in Europe and the Far East. Thus, for example, we have recently been able to enter the Italian
market, where we are constructing a project with an output of 21 megawatts. However, we have also scored
again in Scotland and are supplying fifteen N80/2500 kW turbines. Particularly worthy of mention is the installation of the first German offshore turbine in Breitling in the port of Rostock. With a nominal output of
2,500 kW, the N90 is for the first time feeding enough energy made from sea winds into the German electricity grid to supply 1,800 households.
Since mid 2005 we have been experiencing unexpectedly strong growth in our order receipts. In fact, our
new business surged by around 67 % to EUR 395 million in 2005, with the French market making a very strong
contribution of approx. EUR 180 million. As a result, Nordex generated more new business in a foreign market than in Germany for the first time.
At the end of 2005 we established a further joint venture in China to ensure continued success in the booming local market. In conjunction with an energy supplier in the province of Ningxia, we are now embarking
on local production of 1.5 MW wind turbines. This contract also provides for the delivery of roughly 130
turbines of this series.
I wish you pleasant reading.
Carsten Pedersen
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 3
04_05
| Editorial
NORDEX PRODUCTPROGRAM
Type
Regulation
Markets
1.300 kW
Stall
Asia, Europe, Latin America
Nordex S70, S77
1.500 kW
Pitch
Europe, China
Nordex N80
2.500 kW
Stall
Asia, Europe, Latin America
Nordex N90
2.300 kW
Pitch
Europe
Nordex N90
2.500 kW
Pitch
Europe, Asia
Nordex N60
Capacity
EDITORIAL
Dear reader,
in this issue of Windpower Update, we would like to brief you on a selection of our new wind farm
projects in Europe and the Far East. Thus, for example, we have recently been able to enter the Italian
market, where we are constructing a project with an output of 21 megawatts. However, we have also scored
again in Scotland and are supplying fifteen N80/2500 kW turbines. Particularly worthy of mention is the installation of the first German offshore turbine in Breitling in the port of Rostock. With a nominal output of
2,500 kW, the N90 is for the first time feeding enough energy made from sea winds into the German electricity grid to supply 1,800 households.
Since mid 2005 we have been experiencing unexpectedly strong growth in our order receipts. In fact, our
new business surged by around 67 % to EUR 395 million in 2005, with the French market making a very strong
contribution of approx. EUR 180 million. As a result, Nordex generated more new business in a foreign market than in Germany for the first time.
At the end of 2005 we established a further joint venture in China to ensure continued success in the booming local market. In conjunction with an energy supplier in the province of Ningxia, we are now embarking
on local production of 1.5 MW wind turbines. This contract also provides for the delivery of roughly 130
turbines of this series.
I wish you pleasant reading.
Carsten Pedersen
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 4
Dr. Hansjörg Müller, COO Operations at Nordex AG
06_07
| Background
DID YOU KNOW THAT ...
… that global sales of wind turbines measured
in terms of new installed capacity rose by over
44 percent in 2005?
INTERVIEW WITH:
DR. HANSJÖRG MÜLLER
“WE WANT TO EXTEND OUR
SERVICE ON A SUSTAINED BASIS”
Dr. Müller, Nordex recorded order receipts of EUR 395
million in 2005, providing it with ample work for the
next few months. Did this come as any surprise to
you?
To put it succinctly, we’re up to our ears in orders
at the moment and are finally earning money again.
Yet, the road we took to get this result was difficult
and exhausting. Still, the results show that we have
made the right decisions in the past few months. In
spring 2005, we were bleeding red ink. However, our
fortunes changed with recapitalization. In June 2005,
we earned more money from operations than we had
spent for the first time in several years. In fact, in the
fourth quarter we were able to recoup the losses of
the weak first half. That was very gratifying.
After years of cost-optimization, does this mean that
Nordex is now focusing on growth again?
The signs are indeed pointing to growth on an
international level. At the same time, our goal is to
grow more quickly than the market and to widen our
share of the market in our core regions on a sustained basis. In fact, we want to achieve a substantial
double-digit share of the market. To this end, we have
launched appropriate market initiatives over the past
few months.
Looking ahead over the next few months, in which
markets do you see the greatest potential?
In addition to extensions to the European market,
we are also focusing particularly on stepping up our
presence in the rapidly growing Chinese market.Thus,
for example, we have built up new structures and
blade production facilities in China and are in the process of setting up the production of our 1.5 MW turbines in the joint venture in Ningxia. In France, we will
continue to benefit from our successful project development activities and are intensifying these. In Germany, where our share of the market had shrunk over
the past few years, we have staged an impressive
comeback. In fact, with market share widening from
4 to just on 8 %, we were last year’s top performer.
The turbines produced for international utilization
need to be assembled and maintained. What do you
consider to be the most important development areas
in this respect?
Our challenge is to increase our added value in line
with our foreign sales successes. What this specifically entails is strengthening our international project
management, logistics and service in particular. Let’s
take service as an example: Our service strategy aims
at ensuring that service becomes the customer’s partner and not only “keeps the turbines humming” but
also accompanies the product throughout its entire
lifecycle. The three pillars towards achieving this are
maintenance, repairs and modernization. All areas
seek to keep turbine performance at a high level or to
additionally enhance it. In my opinion, the importance of service will continue to grow in the future.
We face two main tasks to achieve this in international business. Firstly, further extensions to our foreign
?
… that the 17,574 turbines installed in Germany
as at the end of 2005 prevent 25 million tons
of harmful C02 emissions each year?
… that two Asian countries, namely India (1,430 MW) … that Nordex is one of the market leaders
and China (500 MW) are amongst the top
in France with approved projects for over
5 countries in new installations for the first time?
200 MW?
… that Nordex was able to buck the trend in the
shrinking German market in 2005 by widening
its market share from 4 to around 8 %?
What progress is being made in implementing this
model in other countries?
We are also in the process of rolling out this logistics model for other European markets as well. In
France, for example, we will be setting up the service
points in 2006, with other European countries to follow step by step. In Portugal and the UK, we have
already extended our service team as a preliminary
step in these plans. Our goal is to extend our service
on a sustained basis. In China, the system will be installed at the same time as we set up the joint venture in
Can you give us a specific example to illustrate this? Ningxia.
In Germany, for example, we have 50 service points
located in the immediate vicinity of Nordex wind farms All in all, a lot of different things are currently being
which hold frequently used consumables and repla- implemented. What do you consider the main succement parts. At our head office in Rostock, we have cess factor to be?
As with anything else, it is crucial to have the right
set up a central warehouse for turbine components.
The service staff, who used to work independently in team on board. In this respect, Nordex is fortunate
regional structures, are now networked. In this way, enough to have a highly dedicated and capable serthey have immediate access to information on the vice team. At the same time, we have been able to
availability of spare parts. Our goal is to replace parts substantially strengthen service management and
within 24 hours of onsite error diagnostics. At the same have gained in Mr. Kramer an experienced executive
time, we have improved our processes to such an who is responsible for service matters as Managing
extent that we can re-order the replacement parts at Director. At Nordex, we are able to make profitable
our central warehouse at short notice after they have use of the extensive experience which he gained in
been withdrawn thanks to our close relations with our elevator business at the Schindler Group.
core suppliers.This is of decisive importance with key
components such as gearboxes in particular and
makes a material contribution towards achieving our
goal of improving the availability of our turbines.
service structures along the lines of what we are already doing in France, for example, and, secondly, improvements in crossborder core service processes, e.g.
remote monitoring or service logistics, which are
increasingly growing in importance. This, in particular, is becoming more and more important. One example of this is the need to supply spare parts for
turbines located thousands of kilometers from the central depot within the shortest possible time. This is
why we are investing in this area in particular.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 4
Dr. Hansjörg Müller, COO Operations at Nordex AG
06_07
| Background
DID YOU KNOW THAT ...
… that global sales of wind turbines measured
in terms of new installed capacity rose by over
44 percent in 2005?
INTERVIEW WITH:
DR. HANSJÖRG MÜLLER
“WE WANT TO EXTEND OUR
SERVICE ON A SUSTAINED BASIS”
Dr. Müller, Nordex recorded order receipts of EUR 395
million in 2005, providing it with ample work for the
next few months. Did this come as any surprise to
you?
To put it succinctly, we’re up to our ears in orders
at the moment and are finally earning money again.
Yet, the road we took to get this result was difficult
and exhausting. Still, the results show that we have
made the right decisions in the past few months. In
spring 2005, we were bleeding red ink. However, our
fortunes changed with recapitalization. In June 2005,
we earned more money from operations than we had
spent for the first time in several years. In fact, in the
fourth quarter we were able to recoup the losses of
the weak first half. That was very gratifying.
After years of cost-optimization, does this mean that
Nordex is now focusing on growth again?
The signs are indeed pointing to growth on an
international level. At the same time, our goal is to
grow more quickly than the market and to widen our
share of the market in our core regions on a sustained basis. In fact, we want to achieve a substantial
double-digit share of the market. To this end, we have
launched appropriate market initiatives over the past
few months.
Looking ahead over the next few months, in which
markets do you see the greatest potential?
In addition to extensions to the European market,
we are also focusing particularly on stepping up our
presence in the rapidly growing Chinese market.Thus,
for example, we have built up new structures and
blade production facilities in China and are in the process of setting up the production of our 1.5 MW turbines in the joint venture in Ningxia. In France, we will
continue to benefit from our successful project development activities and are intensifying these. In Germany, where our share of the market had shrunk over
the past few years, we have staged an impressive
comeback. In fact, with market share widening from
4 to just on 8 %, we were last year’s top performer.
The turbines produced for international utilization
need to be assembled and maintained. What do you
consider to be the most important development areas
in this respect?
Our challenge is to increase our added value in line
with our foreign sales successes. What this specifically entails is strengthening our international project
management, logistics and service in particular. Let’s
take service as an example: Our service strategy aims
at ensuring that service becomes the customer’s partner and not only “keeps the turbines humming” but
also accompanies the product throughout its entire
lifecycle. The three pillars towards achieving this are
maintenance, repairs and modernization. All areas
seek to keep turbine performance at a high level or to
additionally enhance it. In my opinion, the importance of service will continue to grow in the future.
We face two main tasks to achieve this in international business. Firstly, further extensions to our foreign
?
… that the 17,574 turbines installed in Germany
as at the end of 2005 prevent 25 million tons
of harmful C02 emissions each year?
… that two Asian countries, namely India (1,430 MW) … that Nordex is one of the market leaders
and China (500 MW) are amongst the top
in France with approved projects for over
5 countries in new installations for the first time?
200 MW?
… that Nordex was able to buck the trend in the
shrinking German market in 2005 by widening
its market share from 4 to around 8 %?
What progress is being made in implementing this
model in other countries?
We are also in the process of rolling out this logistics model for other European markets as well. In
France, for example, we will be setting up the service
points in 2006, with other European countries to follow step by step. In Portugal and the UK, we have
already extended our service team as a preliminary
step in these plans. Our goal is to extend our service
on a sustained basis. In China, the system will be installed at the same time as we set up the joint venture in
Can you give us a specific example to illustrate this? Ningxia.
In Germany, for example, we have 50 service points
located in the immediate vicinity of Nordex wind farms All in all, a lot of different things are currently being
which hold frequently used consumables and repla- implemented. What do you consider the main succement parts. At our head office in Rostock, we have cess factor to be?
As with anything else, it is crucial to have the right
set up a central warehouse for turbine components.
The service staff, who used to work independently in team on board. In this respect, Nordex is fortunate
regional structures, are now networked. In this way, enough to have a highly dedicated and capable serthey have immediate access to information on the vice team. At the same time, we have been able to
availability of spare parts. Our goal is to replace parts substantially strengthen service management and
within 24 hours of onsite error diagnostics. At the same have gained in Mr. Kramer an experienced executive
time, we have improved our processes to such an who is responsible for service matters as Managing
extent that we can re-order the replacement parts at Director. At Nordex, we are able to make profitable
our central warehouse at short notice after they have use of the extensive experience which he gained in
been withdrawn thanks to our close relations with our elevator business at the Schindler Group.
core suppliers.This is of decisive importance with key
components such as gearboxes in particular and
makes a material contribution towards achieving our
goal of improving the availability of our turbines.
service structures along the lines of what we are already doing in France, for example, and, secondly, improvements in crossborder core service processes, e.g.
remote monitoring or service logistics, which are
increasingly growing in importance. This, in particular, is becoming more and more important. One example of this is the need to supply spare parts for
turbines located thousands of kilometers from the central depot within the shortest possible time. This is
why we are investing in this area in particular.
08_09
| Economy
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 5
REVIEW OF 2005
SUCCESSFUL BUSINESS PERFORMANCE
The share of foreign orders in Nordex’s new busiMore new business in France than in Germany for the
ness shrank from 72 to 62 % as the Company was able
first time
to secure customers in Germany in particular, and to
In fiscal 2005, the Nordex Group’s order intake sur- postpone projects until after the recapitalization meaged by 67 % to EUR 394.8 million (2004: EUR 236.4 mil- sures had been completed. As a result of this “catlion). The basis for this unexpectedly strong showing ching up effect”, new business in Germany expanded
was the Group’s successful recapitalization program by 127 % to EUR 150 million (2004: EUR 66.1 million).
in spring 2005. Once Nordex had reinforced its equity Special mention should be made of the continued high
basis sufficiently, customer confidence returned, with order receipts from France of EUR 177.6 million (2004:
customers’ banks willing to finance projects involving EUR 26.6 million). As a result, Nordex generated more
Nordex as the supplier. This is also reflected in new new business in a foreign market than in Germany for
business in the course of the year. Whereas Nordex the first time. In 2004, Nordex France had received
registered new orders of only around EUR 35 million construction permits for 17 wind farms with a total
in the first quarter (prior to the completion of recapi- output of over 200 MW. It entered into contracts with
talization), volumes in the following quarters substan- investors for roughly 170 MW in 2005. These projects
tially exceeded EUR 100 million, with the second quar- with Nordex turbines will be completed for the most
ter in fact yielding a historical high of EUR 122.8 million. part this year. As well as this, further 200 MW are curA further determinant was rising global demand for rently in the project development phase. Nordex also
wind turbines as of summer 2005 (particularly follo- received orders from Portugal, the Netherlands, the
Czech Republic and China.
wing the extension of the PTC in June).
In France Nordex entered into contracts
with investors for roughly 180 MW in 2005.
ORDER RECEIPTS BY REGION
ORDER RECEIPTS BY TURBINE
EUR million
2004
2005
EUR million
2004
2005
Germany
66.1
150.1
N80/N90
167.9
282.9
France
26.6
177.6
S70/S77
24.0
88.1
138.3
48.5
N60
44.5
23.3
Asia
5.4
18.6
Sub-MW
Total
236.4
394.8
Rest of Europe
The share of N80/N90 turbines (2,500 and 2,300 kW
respectively) in total new business remained steady at
72 %. With the recovery in order volumes from Germany, more contracts for the S70 and S77 (1,500 kW) were
entered into, causing the proportion of this series to
Total
0.0
0.5
236.4
394.8
increase to 22 % (2004: 10 %). Accounting for only 6 %,
the N60 (1,300) continued to lose importance (2004:
19 %).This turbine was mostly part sold to China, where
demand for this robust model remains stable.
Indicators 2005 at a glance
in mn
Δ
01/01 – 12/31/2005
01/01 – 12/31/2004
Order receipts
395
236
Order books
248
144
72 %
Sales
309
214
44 %
Total revenues
319
217
47 %
EBIT (before exceptionals)
0.3
– 21.7
101 %
74 %
net profit/loss
– 8.2
– 32.1
12/31/2005
12/31/2004
Total assets
231
186
Shareholder’s equity
63.4
2.5
27.4 %
1.3 %
12.4
– 28.2
in mn
Equity ratio
Net cash
67 %
08_09
| Economy
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 5
REVIEW OF 2005
SUCCESSFUL BUSINESS PERFORMANCE
The share of foreign orders in Nordex’s new busiMore new business in France than in Germany for the
ness shrank from 72 to 62 % as the Company was able
first time
to secure customers in Germany in particular, and to
In fiscal 2005, the Nordex Group’s order intake sur- postpone projects until after the recapitalization meaged by 67 % to EUR 394.8 million (2004: EUR 236.4 mil- sures had been completed. As a result of this “catlion). The basis for this unexpectedly strong showing ching up effect”, new business in Germany expanded
was the Group’s successful recapitalization program by 127 % to EUR 150 million (2004: EUR 66.1 million).
in spring 2005. Once Nordex had reinforced its equity Special mention should be made of the continued high
basis sufficiently, customer confidence returned, with order receipts from France of EUR 177.6 million (2004:
customers’ banks willing to finance projects involving EUR 26.6 million). As a result, Nordex generated more
Nordex as the supplier. This is also reflected in new new business in a foreign market than in Germany for
business in the course of the year. Whereas Nordex the first time. In 2004, Nordex France had received
registered new orders of only around EUR 35 million construction permits for 17 wind farms with a total
in the first quarter (prior to the completion of recapi- output of over 200 MW. It entered into contracts with
talization), volumes in the following quarters substan- investors for roughly 170 MW in 2005. These projects
tially exceeded EUR 100 million, with the second quar- with Nordex turbines will be completed for the most
ter in fact yielding a historical high of EUR 122.8 million. part this year. As well as this, further 200 MW are curA further determinant was rising global demand for rently in the project development phase. Nordex also
wind turbines as of summer 2005 (particularly follo- received orders from Portugal, the Netherlands, the
Czech Republic and China.
wing the extension of the PTC in June).
In France Nordex entered into contracts
with investors for roughly 180 MW in 2005.
ORDER RECEIPTS BY REGION
ORDER RECEIPTS BY TURBINE
EUR million
2004
2005
EUR million
2004
2005
Germany
66.1
150.1
N80/N90
167.9
282.9
France
26.6
177.6
S70/S77
24.0
88.1
138.3
48.5
N60
44.5
23.3
Asia
5.4
18.6
Sub-MW
Total
236.4
394.8
Rest of Europe
The share of N80/N90 turbines (2,500 and 2,300 kW
respectively) in total new business remained steady at
72 %. With the recovery in order volumes from Germany, more contracts for the S70 and S77 (1,500 kW) were
entered into, causing the proportion of this series to
Total
0.0
0.5
236.4
394.8
increase to 22 % (2004: 10 %). Accounting for only 6 %,
the N60 (1,300) continued to lose importance (2004:
19 %).This turbine was mostly part sold to China, where
demand for this robust model remains stable.
Indicators 2005 at a glance
in mn
Δ
01/01 – 12/31/2005
01/01 – 12/31/2004
Order receipts
395
236
Order books
248
144
72 %
Sales
309
214
44 %
Total revenues
319
217
47 %
EBIT (before exceptionals)
0.3
– 21.7
101 %
74 %
net profit/loss
– 8.2
– 32.1
12/31/2005
12/31/2004
Total assets
231
186
Shareholder’s equity
63.4
2.5
27.4 %
1.3 %
12.4
– 28.2
in mn
Equity ratio
Net cash
67 %
10_11
| Service
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 6
NEW SERVICE INFRASTRUCTURE
ENHANCING AVAILABILITY OF SPARE PARTS
Replacement of defective parts within 24 hours
“Dedicated to ensuring swift and secure supplies
of replacement parts” is how Nordex AG describes its
service offensive strategy. By implementing new structures in its service system and logistics, Nordex will
increase availability for its wind turbines.
Since the end of 2005, it has set up service points
at around 50 locations in the immediate vicinity of
Nordex wind farms in Germany, holding supplies of
frequently used spares and consumables for its turbines. At the same time, a central service depot for
turbine components including large-scale items has
been established in Rostock. The sites are electronically linked to the central replacement part depot and
the field service teams via an information system.This
ensures that movements of outgoing goods are automatically registered and reorders triggered to ensure
that supplies of the replacement parts required on a
regular basis are always in stock at the service points.
The advantage of this is that repairs can be completed swiftly as the parts required are always available
in the quantity and quality required. At the same time,
the intelligent service point model prevents too much
capital from being tied up.
The defective transmission is then sent to the
manufacturer as part of a “rolling process”, overhauled over a period of 8 –10 weeks and returned to
Nordex’s replacement parts depot. If the customer
additionally uses the condition monitoring system,
Nordex is able to track the condition of the transmission on an ongoing basis, thus ensuring that it can be
maintained proactively.
Nordex will be implementing its new logistics
model in other European markets in the course of
2006.The service points are already being established
in France, where Nordex will almost double its number of turbine installations this year.
Thorsten Kramer, managing director of Nordex
Energy GmbH and head of service: “In addition to
ensuring inventories of spare parts at the service
points, we are able to substantially reduce transport
distances and times. In this way, we are able to replace the defective part within 24 hours of completion of
the error analysis so that the turbine can be returned
to productive operation again swiftly.” In particular,
parts particularly prone to wear such as brake pads,
carbon brushes, fuses, accumulators and relays as
well as consumables such as oils, greases and filters,
are available on call from the service points.
All Nordex customers, regardless of the contractual arrangements, benefit from swift delivery of replacements. Larger inventories of replacement parts are
in stock at service points at particularly demanding
wind farm locations where standard parts are subject
to greater wear.
All major components are held at the central depot
in Rostock. Thus, in the event of any damage to
the bearings, tooth fracture or transmission wear,
Nordex can quickly supply a replacement transmission previously overhauled by the transmission
producer in accordance with the latest standards.
Defective parts can be replaced within 24 hours
of completion of the error analysis.
10_11
| Service
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 6
NEW SERVICE INFRASTRUCTURE
ENHANCING AVAILABILITY OF SPARE PARTS
Replacement of defective parts within 24 hours
“Dedicated to ensuring swift and secure supplies
of replacement parts” is how Nordex AG describes its
service offensive strategy. By implementing new structures in its service system and logistics, Nordex will
increase availability for its wind turbines.
Since the end of 2005, it has set up service points
at around 50 locations in the immediate vicinity of
Nordex wind farms in Germany, holding supplies of
frequently used spares and consumables for its turbines. At the same time, a central service depot for
turbine components including large-scale items has
been established in Rostock. The sites are electronically linked to the central replacement part depot and
the field service teams via an information system.This
ensures that movements of outgoing goods are automatically registered and reorders triggered to ensure
that supplies of the replacement parts required on a
regular basis are always in stock at the service points.
The advantage of this is that repairs can be completed swiftly as the parts required are always available
in the quantity and quality required. At the same time,
the intelligent service point model prevents too much
capital from being tied up.
The defective transmission is then sent to the
manufacturer as part of a “rolling process”, overhauled over a period of 8 –10 weeks and returned to
Nordex’s replacement parts depot. If the customer
additionally uses the condition monitoring system,
Nordex is able to track the condition of the transmission on an ongoing basis, thus ensuring that it can be
maintained proactively.
Nordex will be implementing its new logistics
model in other European markets in the course of
2006.The service points are already being established
in France, where Nordex will almost double its number of turbine installations this year.
Thorsten Kramer, managing director of Nordex
Energy GmbH and head of service: “In addition to
ensuring inventories of spare parts at the service
points, we are able to substantially reduce transport
distances and times. In this way, we are able to replace the defective part within 24 hours of completion of
the error analysis so that the turbine can be returned
to productive operation again swiftly.” In particular,
parts particularly prone to wear such as brake pads,
carbon brushes, fuses, accumulators and relays as
well as consumables such as oils, greases and filters,
are available on call from the service points.
All Nordex customers, regardless of the contractual arrangements, benefit from swift delivery of replacements. Larger inventories of replacement parts are
in stock at service points at particularly demanding
wind farm locations where standard parts are subject
to greater wear.
All major components are held at the central depot
in Rostock. Thus, in the event of any damage to
the bearings, tooth fracture or transmission wear,
Nordex can quickly supply a replacement transmission previously overhauled by the transmission
producer in accordance with the latest standards.
Defective parts can be replaced within 24 hours
of completion of the error analysis.
12_13
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 7
ROSTOCK
FIRST OFFSHORE TURBINE
INSTALLED IN GERMANY
Electricity for 1,800 households
Installation completed: the N90 Offshore in the Baltic Sea.
gain a lot of experience and thus enhance our turbine
to such an extent that it achieved the greatest energy
yields at the test farm in its second year of operation,”
says Thomas Richterich, CEO of Nordex AG. The turbine which has now been installed off Rostock features numerous optimized solutions and, with its rotor
diameter of 90 meters, achieves an output of 2,500
kilowatts. This means that the N90 exceeds the wing
span of the new A380 superjet by some ten meters.
Germany now has its first offshore wind turbine.
Nordex AG installed its N90/2500 offshore some 500
meters off the quay wall of the Rostock international
port.The project was planned by WIND-projekt GmbH,
with both companies working closely with regional
partners, who have been committed for many years
to developing the economic structures required for
future offshore business in Rostock in conjunction with
The next step will be for the Rostock syndicate to
the municipal and state governments. “The Breitling
project is a model for future wind farms planned for construct the “Baltic 1” offshore windfarm, off the penthe Baltic Sea,” explains Carlo Schmidt, managing insular of Darss. Also being planned by WIND-project,
it will have a capacity of approx. 54 megawatts and
director of WIND-projekt.
partially comprise Nordex turbines.
In autumn 2005, the sheetpile wall for the base was
“This wind turbine will give the city of Rostock a
established at a water depth of around two meters.
The foundation on which the turbine stands has a dia- new hallmark,” said state minister of economics Dr.
meter of 18 meters. A total of 550 tons of sand, 500 Otto Ebnet. “I am pleased that this turbine is being
tons of cement and 100 tons of steel were used for planned, built, assembled and operated by local comthe base. With a height of 125 meters, the turbine was panies. The development of offshore wind farms in
erected on two pontoons with an area of 1,750 and the Baltic Sea provides a decisive basis for growth in
the offshore industry. The reference projects will play
900 square meters respectively.
a key role in international business and keep local
This marked the second time that Nordex had companies ahead in terms of expertise.”
installed an offshore turbine. Back in summer 2003, it
had erected an N90 off the Danish port of Frederikshavn in the Kattegatt. “In this way, we were able to
80 meters above sea level: the nacelle is being
prepared for the installation of the rotor.
12_13
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 7
ROSTOCK
FIRST OFFSHORE TURBINE
INSTALLED IN GERMANY
Electricity for 1,800 households
Installation completed: the N90 Offshore in the Baltic Sea.
gain a lot of experience and thus enhance our turbine
to such an extent that it achieved the greatest energy
yields at the test farm in its second year of operation,”
says Thomas Richterich, CEO of Nordex AG. The turbine which has now been installed off Rostock features numerous optimized solutions and, with its rotor
diameter of 90 meters, achieves an output of 2,500
kilowatts. This means that the N90 exceeds the wing
span of the new A380 superjet by some ten meters.
Germany now has its first offshore wind turbine.
Nordex AG installed its N90/2500 offshore some 500
meters off the quay wall of the Rostock international
port.The project was planned by WIND-projekt GmbH,
with both companies working closely with regional
partners, who have been committed for many years
to developing the economic structures required for
future offshore business in Rostock in conjunction with
The next step will be for the Rostock syndicate to
the municipal and state governments. “The Breitling
project is a model for future wind farms planned for construct the “Baltic 1” offshore windfarm, off the penthe Baltic Sea,” explains Carlo Schmidt, managing insular of Darss. Also being planned by WIND-project,
it will have a capacity of approx. 54 megawatts and
director of WIND-projekt.
partially comprise Nordex turbines.
In autumn 2005, the sheetpile wall for the base was
“This wind turbine will give the city of Rostock a
established at a water depth of around two meters.
The foundation on which the turbine stands has a dia- new hallmark,” said state minister of economics Dr.
meter of 18 meters. A total of 550 tons of sand, 500 Otto Ebnet. “I am pleased that this turbine is being
tons of cement and 100 tons of steel were used for planned, built, assembled and operated by local comthe base. With a height of 125 meters, the turbine was panies. The development of offshore wind farms in
erected on two pontoons with an area of 1,750 and the Baltic Sea provides a decisive basis for growth in
the offshore industry. The reference projects will play
900 square meters respectively.
a key role in international business and keep local
This marked the second time that Nordex had companies ahead in terms of expertise.”
installed an offshore turbine. Back in summer 2003, it
had erected an N90 off the Danish port of Frederikshavn in the Kattegatt. “In this way, we were able to
80 meters above sea level: the nacelle is being
prepared for the installation of the rotor.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 8
14_15
| Europe
Thomas Richterich, CEO of Nordex AG
OFFSHORE WIND ENERGY
“GAMBLERS NOT WANTED …“
It is common wisdom that Germany is a pioneer
in wind power. Unfortunately, it is also a world leader when it comes to red tape and disbelievers. As a
result, nearly all offshore projects are being planned
well off our coasts. Yet, the flight into the open seas
comes at a price. The cost of building the foundations
and laying the cables is now estimated to account for
roughly 50 % of the project costs. This is why many
5MW turbines have been thought up by German
engineers as producers want to cut specific costs by
ensuring that the largest possible turbine is used. However, this is only part of the problem. For commercial customers, the risk involved in offshore prototypes is too great, as none of these large turbines have
been tested sufficiently yet. What is more, technical
problems have afflicted the first few offshore parks.
Market experts describe the situation as follows:
“Large scale offshore projects have been delayed (in
Germany) for many reasons, with cost and risk as
much of an issue as access to appropriate technology” (BTM Consult ApS).
Capital normally goes to where it achieves the highest returns. What then is to be gained from investing
in offshore parks? This is no secret either: Wind conditions at sea are better, with strong, steady and less turbulent winds blowing. This is offset, as stated above,
by the high costs of building the foundations and transmitting the electricity generated to the mainland. Noone can say today with any certainty whether German
projects will pay off. This is one of the reasons why
customers are restrained and discussion on the right
amount of subsidization is repeatedly rekindled.
We are taking the time we need to develop the next
generation of turbines. At the beginning of 2006,
Nordex started engineering work on its 100 meter
class, which with an output of 3 – 4 MW is to go into
series as of 2008. Here, we are pursuing the strategy
of developing a robust turbine with low lifecycle costs.
Until such time as this turbine is also available for
offshore use, we will be taking part in small offshore
sea projects on a selective basis. One example is the
Baltic 1 wind farm in the Baltic Sea scheduled for 2007
with which we will be venturing a further step out into
the open sea. Nordex has been selected as one of the
suppliers for this 54 MW project.
In the past, we have been criticized internally and
externally for our restrained strategy particularly
whenever competitors were awarded large offshore
projects. Yet these voices were suddenly mute when
these projects suffered setbacks. Both extremes are
wrong. We cannot automatically side with the consensus opinion and nor do we want to. Our strategy is to
open up the market at a calculable risk and to supply
our products at a point in time when we expect there
to be demand for them – in other words, not before
2010. We have learned from experience that the much
ballyhooed first-mover advantages are merely a myth.
Even so, Nordex still assumes that the offshore
market will materialize – perhaps not as quickly as
many would have hoped for but with growing momentum after 2010. In fact, the German Federal Ministry
of the Environment forecasts that a volume of between 20,000 and 25,000 megawatts will have been
installed in Germany by 2030. We see further potential in other developed Western European markets which
no longer have sufficient land in their interiors offering suitable wind conditions. In our view, offshore
power is not an option for regions which still have sufficient land. Although Nordex is not the only one to
hold this view, for a long time it was not considered
to be “accepted wisdom”. Yet it is only necessary to
take a look at the forecasts issued by the institutes
which have pushed back completion targets year after
year. Anyone investing on this basis has built on sand.
Nordex develops products to meet market requirements and not the other way round. Not even larger operators manage to develop artificial markets for
their products. There is no getting around the market.
And what it requires is stable series products.
Gamblers are not wanted! Our strategy is to collect
experience in the water with extensively tested largescale turbines. In fact, we have been making good progress here. Our N90/2,300, which was installed in Denmark in summer 2003, has left the competition at its
site far behind it. In the meantime, we have developed the third generation of this series and installed
a N90/2,500 turbine with an optimized offshore pakkage off the coast of Rostock. Incidentally, this is the
first wind turbine on German sovereign territory not
to have been installed from land.
The Nordex strategy: collect experience in the
water with extensively tested large-scale turbines.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 8
14_15
| Europe
Thomas Richterich, CEO of Nordex AG
OFFSHORE WIND ENERGY
“GAMBLERS NOT WANTED …“
It is common wisdom that Germany is a pioneer
in wind power. Unfortunately, it is also a world leader when it comes to red tape and disbelievers. As a
result, nearly all offshore projects are being planned
well off our coasts. Yet, the flight into the open seas
comes at a price. The cost of building the foundations
and laying the cables is now estimated to account for
roughly 50 % of the project costs. This is why many
5MW turbines have been thought up by German
engineers as producers want to cut specific costs by
ensuring that the largest possible turbine is used. However, this is only part of the problem. For commercial customers, the risk involved in offshore prototypes is too great, as none of these large turbines have
been tested sufficiently yet. What is more, technical
problems have afflicted the first few offshore parks.
Market experts describe the situation as follows:
“Large scale offshore projects have been delayed (in
Germany) for many reasons, with cost and risk as
much of an issue as access to appropriate technology” (BTM Consult ApS).
Capital normally goes to where it achieves the highest returns. What then is to be gained from investing
in offshore parks? This is no secret either: Wind conditions at sea are better, with strong, steady and less turbulent winds blowing. This is offset, as stated above,
by the high costs of building the foundations and transmitting the electricity generated to the mainland. Noone can say today with any certainty whether German
projects will pay off. This is one of the reasons why
customers are restrained and discussion on the right
amount of subsidization is repeatedly rekindled.
We are taking the time we need to develop the next
generation of turbines. At the beginning of 2006,
Nordex started engineering work on its 100 meter
class, which with an output of 3 – 4 MW is to go into
series as of 2008. Here, we are pursuing the strategy
of developing a robust turbine with low lifecycle costs.
Until such time as this turbine is also available for
offshore use, we will be taking part in small offshore
sea projects on a selective basis. One example is the
Baltic 1 wind farm in the Baltic Sea scheduled for 2007
with which we will be venturing a further step out into
the open sea. Nordex has been selected as one of the
suppliers for this 54 MW project.
In the past, we have been criticized internally and
externally for our restrained strategy particularly
whenever competitors were awarded large offshore
projects. Yet these voices were suddenly mute when
these projects suffered setbacks. Both extremes are
wrong. We cannot automatically side with the consensus opinion and nor do we want to. Our strategy is to
open up the market at a calculable risk and to supply
our products at a point in time when we expect there
to be demand for them – in other words, not before
2010. We have learned from experience that the much
ballyhooed first-mover advantages are merely a myth.
Even so, Nordex still assumes that the offshore
market will materialize – perhaps not as quickly as
many would have hoped for but with growing momentum after 2010. In fact, the German Federal Ministry
of the Environment forecasts that a volume of between 20,000 and 25,000 megawatts will have been
installed in Germany by 2030. We see further potential in other developed Western European markets which
no longer have sufficient land in their interiors offering suitable wind conditions. In our view, offshore
power is not an option for regions which still have sufficient land. Although Nordex is not the only one to
hold this view, for a long time it was not considered
to be “accepted wisdom”. Yet it is only necessary to
take a look at the forecasts issued by the institutes
which have pushed back completion targets year after
year. Anyone investing on this basis has built on sand.
Nordex develops products to meet market requirements and not the other way round. Not even larger operators manage to develop artificial markets for
their products. There is no getting around the market.
And what it requires is stable series products.
Gamblers are not wanted! Our strategy is to collect
experience in the water with extensively tested largescale turbines. In fact, we have been making good progress here. Our N90/2,300, which was installed in Denmark in summer 2003, has left the competition at its
site far behind it. In the meantime, we have developed the third generation of this series and installed
a N90/2,500 turbine with an optimized offshore pakkage off the coast of Rostock. Incidentally, this is the
first wind turbine on German sovereign territory not
to have been installed from land.
The Nordex strategy: collect experience in the
water with extensively tested large-scale turbines.
16_17
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 9
UP, UP AND AWAY:
N90 INSTALLED ON A 105 METER LATTICE TOWER
FOR THE FIRST TIME
Split assembly principle applied
Weighing 148 tons apiece and with rotor blades
measuring 45 meters in length, the N90 turbines have
been installed on a split basis in both Altusried and
Achmer-Vinte. This involves transporting the nacelle
and the drive train to the construction site separately,
where they are joined at the hub height. This is possible thanks to the modular structure of the N80/N90
range, which comprises matching components to
ensure simple, secure and precise assembly of the
drive train at the hub height.
With a total height up to the tip of the rotor of 150
meters, Nordex has installed what is to date the highest Nordex N90 wind turbine with a capacity of 2.3
megawatts on a lattice tower. The turbine has been
operating at the top of a 105 meter high lattice tower
close to Altusried near Kempten, Germany at an altitude of around 850 meters above sea level since September 2005. With a mean wind speed of 6.2 meters
per second, the turbine, which is designed for inland
The key advantage of split assembly is the lower
deployment, produces 4.5 million kilowatt/hours of
electricity, sufficient to supply some 1,000 households maximum hook load on the crane. Thus, the nacelle,
the drive train and the rotor each weigh around 50
in the region.
tons, ensuring that transportation and crane costs can
The wind turbine is being operated by Windkraft be kept well down. Says Andreas Petzold, responsiEW GmbH & Co. KG Wendelins with 96 local share- ble for logistics at Nordex: “If it weren’t for split assemholders. Together with the company’s supervisory bly, it would be almost impossible to assemble heavy
board, managing director Wendelin Einsiedler opted multi-megawatt turbines on towers with a height of
in winter 2004 for an N90 on the basis of experience greater than 100 meters on an economically viable
which he had gained since 2002 with two Nordex S77 basis. This modular concept for Nordex turbines perturbines mounted on top of 96.5 meter high lattice mits secure step-by-step assembly of large turbines
towers. Nordex also installed nine N90 turbines on with such tall towers even in mountainous regions
top of 105 meter high lattice towers for its customer which are difficult to access.” Split assembly has proven itself for Nordex in numerous projects in GerWPD at the Achmer-Vinte wind farm.
many, other European countries as well as in the Far
East.
The N90/2300 on the 105 Meter
lattice tower.
16_17
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 9
UP, UP AND AWAY:
N90 INSTALLED ON A 105 METER LATTICE TOWER
FOR THE FIRST TIME
Split assembly principle applied
Weighing 148 tons apiece and with rotor blades
measuring 45 meters in length, the N90 turbines have
been installed on a split basis in both Altusried and
Achmer-Vinte. This involves transporting the nacelle
and the drive train to the construction site separately,
where they are joined at the hub height. This is possible thanks to the modular structure of the N80/N90
range, which comprises matching components to
ensure simple, secure and precise assembly of the
drive train at the hub height.
With a total height up to the tip of the rotor of 150
meters, Nordex has installed what is to date the highest Nordex N90 wind turbine with a capacity of 2.3
megawatts on a lattice tower. The turbine has been
operating at the top of a 105 meter high lattice tower
close to Altusried near Kempten, Germany at an altitude of around 850 meters above sea level since September 2005. With a mean wind speed of 6.2 meters
per second, the turbine, which is designed for inland
The key advantage of split assembly is the lower
deployment, produces 4.5 million kilowatt/hours of
electricity, sufficient to supply some 1,000 households maximum hook load on the crane. Thus, the nacelle,
the drive train and the rotor each weigh around 50
in the region.
tons, ensuring that transportation and crane costs can
The wind turbine is being operated by Windkraft be kept well down. Says Andreas Petzold, responsiEW GmbH & Co. KG Wendelins with 96 local share- ble for logistics at Nordex: “If it weren’t for split assemholders. Together with the company’s supervisory bly, it would be almost impossible to assemble heavy
board, managing director Wendelin Einsiedler opted multi-megawatt turbines on towers with a height of
in winter 2004 for an N90 on the basis of experience greater than 100 meters on an economically viable
which he had gained since 2002 with two Nordex S77 basis. This modular concept for Nordex turbines perturbines mounted on top of 96.5 meter high lattice mits secure step-by-step assembly of large turbines
towers. Nordex also installed nine N90 turbines on with such tall towers even in mountainous regions
top of 105 meter high lattice towers for its customer which are difficult to access.” Split assembly has proven itself for Nordex in numerous projects in GerWPD at the Achmer-Vinte wind farm.
many, other European countries as well as in the Far
East.
The N90/2300 on the 105 Meter
lattice tower.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 10
18_19
| Europe
The S77 will be supplied in the special hot-climate version.
55,000 MWH PER ANNUM
NORDEX ERECTS 30 MW WIND POWER PLANT
Turnkey wind farm with 17 turbines
Nordex AG is erecting the “Uelitz” wind farm near
Schwerin for around EUR 34 mn. The wind farm will
consist of a total of 17 turbines from the Nordex
N90/2300 kW and Nordex S77/1500 kW series with
hub heights of up to 100 metres. These machines,
which are specially designed for inland operation, are
to produce an energy yield of around 55,000 MWh per
annum, allowing for safety margins, on the basis of
wind studies conducted at the site.This is sufficient to
cover the electricity requirements of about 15,000
households. The client is the Danish investor group
Scan Energy, which operates numerous wind farms
in Germany and the rest of Europe.
In addition to building the wind turbines, Nordex
is also responsible for the electrical infrastructure of
the farm, including the necessary extension of the
transformer substation. The company was already
involved in the development of the project and, together with partners, arranged for fulfillment of the legal
The Windfarm Uelitz covers the
electricity requiements of 15,000 household.
conditions required to install the turbines. The first
building permits were granted as early as 2003. As a
result of a leading decision by the Federal Administrative Court, however, Nordex had to comply with a
supplementary approval procedure relating to emission law, and this was successfully completed in the
summer of 2005.
Work on the farm began at the beginning of September 2005. “For us it is important that local firms
are involved in this project and that the region profits
from the construction”, explains Thomas Richterich,
CEO of Nordex AG. The foundations come from nearby Sülte, the cables and towers from Schwerin, and
the turbines and rotor blades from the Nordex factory in Rostock. When the farm starts operation, the
municipalities and the land owners will reap longterm benefits from the wind power plant in the form
of earnings from trade tax and leases. In addition to
this, the farm will ensure capacity utilisation of the
local Nordex service station in “Hohen Pritz” near
Schwerin.
ITALY
NORDEX SUCCESSFULLY ENTERING
THE ITALIAN MARKET
Major contract for 21 MW
Nordex established a subsidiary in Florence in
2004. Previously, however, it had only been able to
implement two fairly small projects in Italy. “Generally speaking, it takes a new national marketing company a couple of years to land its first projects. Accordingly, the Cadau I contract marks a considerable
success for Nordex Italia,” says Thomas Richterich,
CEO of Nordex AG.
Nordex AG has entered the growth Italian market
having received its first major contract in that country. It will be constructing the Cadau I wind farm for
developer Energia Verde Srl, a subsidiary of the Danish stock listed company Greentech Energy Systems
A/S.The project will comprise 14 Nordex S77/1,500 kW
turbines, which will be installed in 2006 near Cagliari
Greentech Energy Systems A/S is a Danish stock
on Sardinia. The contract for the turnkey completion
listed utility company specialised in producing enerof the wind farm is worth around EUR 25 million.
gy from wind power. The company is active in Italy
During the wind measurements taken at the plan- and Poland with a pipeline of development projects
ned site over a period of three years, an average speed totalling 500 MW.
of approx. 5.8 - 6.0 m/s was calculated. The S77 turbine is designed and ideally suited for this “IEC 3” location. In view of the high local temperatures, the 14
turbines will be supplied in the special hot-climate version. The 21 MW wind farm is to produce an annual
energy yield of approx. 46,000,000 kWh, sufficient to
supply around 11,000 households with electricity.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 10
18_19
| Europe
The S77 will be supplied in the special hot-climate version.
55,000 MWH PER ANNUM
NORDEX ERECTS 30 MW WIND POWER PLANT
Turnkey wind farm with 17 turbines
Nordex AG is erecting the “Uelitz” wind farm near
Schwerin for around EUR 34 mn. The wind farm will
consist of a total of 17 turbines from the Nordex
N90/2300 kW and Nordex S77/1500 kW series with
hub heights of up to 100 metres. These machines,
which are specially designed for inland operation, are
to produce an energy yield of around 55,000 MWh per
annum, allowing for safety margins, on the basis of
wind studies conducted at the site.This is sufficient to
cover the electricity requirements of about 15,000
households. The client is the Danish investor group
Scan Energy, which operates numerous wind farms
in Germany and the rest of Europe.
In addition to building the wind turbines, Nordex
is also responsible for the electrical infrastructure of
the farm, including the necessary extension of the
transformer substation. The company was already
involved in the development of the project and, together with partners, arranged for fulfillment of the legal
The Windfarm Uelitz covers the
electricity requiements of 15,000 household.
conditions required to install the turbines. The first
building permits were granted as early as 2003. As a
result of a leading decision by the Federal Administrative Court, however, Nordex had to comply with a
supplementary approval procedure relating to emission law, and this was successfully completed in the
summer of 2005.
Work on the farm began at the beginning of September 2005. “For us it is important that local firms
are involved in this project and that the region profits
from the construction”, explains Thomas Richterich,
CEO of Nordex AG. The foundations come from nearby Sülte, the cables and towers from Schwerin, and
the turbines and rotor blades from the Nordex factory in Rostock. When the farm starts operation, the
municipalities and the land owners will reap longterm benefits from the wind power plant in the form
of earnings from trade tax and leases. In addition to
this, the farm will ensure capacity utilisation of the
local Nordex service station in “Hohen Pritz” near
Schwerin.
ITALY
NORDEX SUCCESSFULLY ENTERING
THE ITALIAN MARKET
Major contract for 21 MW
Nordex established a subsidiary in Florence in
2004. Previously, however, it had only been able to
implement two fairly small projects in Italy. “Generally speaking, it takes a new national marketing company a couple of years to land its first projects. Accordingly, the Cadau I contract marks a considerable
success for Nordex Italia,” says Thomas Richterich,
CEO of Nordex AG.
Nordex AG has entered the growth Italian market
having received its first major contract in that country. It will be constructing the Cadau I wind farm for
developer Energia Verde Srl, a subsidiary of the Danish stock listed company Greentech Energy Systems
A/S.The project will comprise 14 Nordex S77/1,500 kW
turbines, which will be installed in 2006 near Cagliari
Greentech Energy Systems A/S is a Danish stock
on Sardinia. The contract for the turnkey completion
listed utility company specialised in producing enerof the wind farm is worth around EUR 25 million.
gy from wind power. The company is active in Italy
During the wind measurements taken at the plan- and Poland with a pipeline of development projects
ned site over a period of three years, an average speed totalling 500 MW.
of approx. 5.8 - 6.0 m/s was calculated. The S77 turbine is designed and ideally suited for this “IEC 3” location. In view of the high local temperatures, the 14
turbines will be supplied in the special hot-climate version. The 21 MW wind farm is to produce an annual
energy yield of approx. 46,000,000 kWh, sufficient to
supply around 11,000 households with electricity.
20_21
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 11
FRANCE
FIVE N90/2300 KW TURBINES
CONNECTED TO THE GRID
SPAIN
TORTOSA WIND FARM WITH
37 TURBINES INSTALLED
subsidiary of Spanish construction company ACS, had
prepared the necessary access routes and completed
Working between autumn 2005 and spring 2006, the work on the foundations as well as the grid conNordex constructed theTortosa wind farm in the moun- nections, Nordex was able to commence work on
tains close to the coast, not far from the small town of assembling the turbines.
Tortosa, some 200 kilometers south of Barcelona. ComThe wind farm is located at an altitude of 500 - 640
prising 37 N62 turbines with an installed total capacity of 48.1 MW, the park is Nordex’s largest project to meters with mean wind speeds of up to 8.4 m/s, thus
date in the hotly contested Spanish market. After the providing ideal conditions for the 1.3 MW turbines.
customer EYRA (Energía y Recursos Ambientales), a
Momerstroff wind farm producing 27,000 MWh of
electricity a year
Installed capacity of 48.1 MW
Nordex is one of the market leaders in France today
particularly thanks to its own project development
work. Yet it is also a preferred supplier of turbines.
Thus, in November 2005, Nordex installed five
N90/2300 kW turbines at the Momerstroff wind farm
for its customer ecoJoule construct GmbH.
The wind farm is located on a range of hills close
to the town of Momerstroff in the Département of
Moselle in Lorraine. With a hub height of 100 meters
and a nominal installed capacity totaling 11.5 MW, the
turbines will produce around 27,000 MWh of electricity a year, sufficient to supply around 7,000 households with electricity.
At the town of Momerstroff and surroundings, the
construction of the first wind farm with 145 meter high
turbines has been accompanied by great interest and
strong acceptance. Says Jean-Marie Crauser, mayor
of Momerstroff: “We are very impressed with the project and happy to have the wind turbines here. This is
a monumental occasion for Momerstroff with considerable ecological and economic importance for us.
The citizens of Momerstroff identify very closely with
“their” wind farm, something which is very evident
from talks and encounters.”
The N90 on 100 meter towers achieve
optimum energy yield.
Tortosa: 48,1 MW Windfarm near
the river Ebro.
20_21
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 11
FRANCE
FIVE N90/2300 KW TURBINES
CONNECTED TO THE GRID
SPAIN
TORTOSA WIND FARM WITH
37 TURBINES INSTALLED
subsidiary of Spanish construction company ACS, had
prepared the necessary access routes and completed
Working between autumn 2005 and spring 2006, the work on the foundations as well as the grid conNordex constructed theTortosa wind farm in the moun- nections, Nordex was able to commence work on
tains close to the coast, not far from the small town of assembling the turbines.
Tortosa, some 200 kilometers south of Barcelona. ComThe wind farm is located at an altitude of 500 - 640
prising 37 N62 turbines with an installed total capacity of 48.1 MW, the park is Nordex’s largest project to meters with mean wind speeds of up to 8.4 m/s, thus
date in the hotly contested Spanish market. After the providing ideal conditions for the 1.3 MW turbines.
customer EYRA (Energía y Recursos Ambientales), a
Momerstroff wind farm producing 27,000 MWh of
electricity a year
Installed capacity of 48.1 MW
Nordex is one of the market leaders in France today
particularly thanks to its own project development
work. Yet it is also a preferred supplier of turbines.
Thus, in November 2005, Nordex installed five
N90/2300 kW turbines at the Momerstroff wind farm
for its customer ecoJoule construct GmbH.
The wind farm is located on a range of hills close
to the town of Momerstroff in the Département of
Moselle in Lorraine. With a hub height of 100 meters
and a nominal installed capacity totaling 11.5 MW, the
turbines will produce around 27,000 MWh of electricity a year, sufficient to supply around 7,000 households with electricity.
At the town of Momerstroff and surroundings, the
construction of the first wind farm with 145 meter high
turbines has been accompanied by great interest and
strong acceptance. Says Jean-Marie Crauser, mayor
of Momerstroff: “We are very impressed with the project and happy to have the wind turbines here. This is
a monumental occasion for Momerstroff with considerable ecological and economic importance for us.
The citizens of Momerstroff identify very closely with
“their” wind farm, something which is very evident
from talks and encounters.”
The N90 on 100 meter towers achieve
optimum energy yield.
Tortosa: 48,1 MW Windfarm near
the river Ebro.
22_23
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 12
UNITED KINGDOM
ANOTHER SUCCESS FOR
NORDEX IN SCOTLAND
CZECH REPUBLIC
NORDEX INSTALLING THREE
N80/2500 KW TURBINES
Order value approx. EUR 44 million/17 large turbines certified according to Germanischer Lloyd Class 1
(strong wind) conditions. It is anticipated the turbines
Following the completion of its recapitalisation, will provide more than 21,000 households with clean
Nordex AG has again obtained major orders from Great electricity.This corresponds to some 50 % of the people
Britain. The company will be constructing the Earls- living in the Stirling County. Furthermore, the wind
burn wind farm, comprising a total of 15 large turbi- farm will avoid around 85,000 tons in CO2 emissions
nes from the N80/2500 kW series, for its customer Falck per annum.
Renewables Ltd. The order, which includes provision
of wind turbines and associated balance of plant incluA further benefit for the region is the awarding of
ding road construction, foundations and cabling, is subcontracts worth some EUR 10 million to local comworth around EUR 38 million. In addition, Nordex will panies. The project also represents a further milestobe constructing a smaller wind farm in a contract worth ne on the road to an energy transformation in Scotaround EUR 6 million for UK utility npower renewa- land. By 2010 the proportion of renewable power in
bles, a subsidiary of German RWE.The Burger Hill wind the Scottish grid is to increase to 18 %, rising to as
farm will also comprise Nordex N80/2500 kW turbines. much as 40 % by 2020.
Burger Hill is being built near Kirkwall on the Orkney Islands. This location is characterized by average
wind speeds of over 10 m/s. The annual energy yield
from the two wind turbines is expected to reach
around 20 million kilowatt/hours. “Our first installation on the island has already achieved substantially
greater yields than most locations on the mainland.
However, the rough climate calls for particularly robust
turbines such as our N80,” says Thomas Richterich,
CEO of Nordex AG.
The Earlsburn project is to be implemented on
open moorland near Stirling, to the North of Glasgow.
Wind speeds are anticipated to be attractive at the
side, making it a good fit for the Nordex N80 turbine,
Scotland is one of the core markets of Falck Renewables Ltd. Headquartered in London, the subsidiary
of the Italian Falck Group is currently building up a
portfolio of wind farms in Europe together with partners. In Scotland alone there are projects with a volume of 300 MW under development.
“For Nordex these orders are an important confirmation of our good technology, especially for demanding locations, which we have already demonstrated
with the N80/2500 in several major projects in Scotland. Following completion of our recapitalisation, we
are again in a strong position with those customers
who are looking for a mature, tried and tested large
turbine”, says Thomas Richterich.
Production of up to 15,000 megawatt/hours of
electricity per year
Three Nordex N80/2500 kW turbines will be the
first multi-megawatt turbines to be connected to the
Czech electricity grid. In the near future, Nordex will
be assembling the Rusová wind farm on the mountain of Lysa Hora for customer Green Lines Rusova
s.r.o in what is Nordex’s first project in the Czech Republic. SaysThomas Richterich: “Despite the success we
have had in building wind farms almost everywhere
around the world, our neighboring country has so far
largely been uncharted territory for us.”
The wind farm, which is being developed as part
of a German-Czech pilot environmental protection project, is located around 800 meters above sea level in
the Erz mountains less than seven kilometers from
the Czech-German border. The electricity which it generates will be fed into the Severoceská energetíka grid
as of 2006.
In the past, modern turbine technology has frequently been confined to established markets, with
new regions deploying proven systems all too frequently. This is despite the obvious advantages offered by modern multimegawatt turbines.Thus, the three
Nordex N80 turbines will produce up to 15,000 megawatt/hours of electricity a year, sufficient to supply
around 4,000 four-person households.
The N80/2500 kW – the first
multimegawatt turbines in the Czech Republic.
22_23
| Europe
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 12
UNITED KINGDOM
ANOTHER SUCCESS FOR
NORDEX IN SCOTLAND
CZECH REPUBLIC
NORDEX INSTALLING THREE
N80/2500 KW TURBINES
Order value approx. EUR 44 million/17 large turbines certified according to Germanischer Lloyd Class 1
(strong wind) conditions. It is anticipated the turbines
Following the completion of its recapitalisation, will provide more than 21,000 households with clean
Nordex AG has again obtained major orders from Great electricity.This corresponds to some 50 % of the people
Britain. The company will be constructing the Earls- living in the Stirling County. Furthermore, the wind
burn wind farm, comprising a total of 15 large turbi- farm will avoid around 85,000 tons in CO2 emissions
nes from the N80/2500 kW series, for its customer Falck per annum.
Renewables Ltd. The order, which includes provision
of wind turbines and associated balance of plant incluA further benefit for the region is the awarding of
ding road construction, foundations and cabling, is subcontracts worth some EUR 10 million to local comworth around EUR 38 million. In addition, Nordex will panies. The project also represents a further milestobe constructing a smaller wind farm in a contract worth ne on the road to an energy transformation in Scotaround EUR 6 million for UK utility npower renewa- land. By 2010 the proportion of renewable power in
bles, a subsidiary of German RWE.The Burger Hill wind the Scottish grid is to increase to 18 %, rising to as
farm will also comprise Nordex N80/2500 kW turbines. much as 40 % by 2020.
Burger Hill is being built near Kirkwall on the Orkney Islands. This location is characterized by average
wind speeds of over 10 m/s. The annual energy yield
from the two wind turbines is expected to reach
around 20 million kilowatt/hours. “Our first installation on the island has already achieved substantially
greater yields than most locations on the mainland.
However, the rough climate calls for particularly robust
turbines such as our N80,” says Thomas Richterich,
CEO of Nordex AG.
The Earlsburn project is to be implemented on
open moorland near Stirling, to the North of Glasgow.
Wind speeds are anticipated to be attractive at the
side, making it a good fit for the Nordex N80 turbine,
Scotland is one of the core markets of Falck Renewables Ltd. Headquartered in London, the subsidiary
of the Italian Falck Group is currently building up a
portfolio of wind farms in Europe together with partners. In Scotland alone there are projects with a volume of 300 MW under development.
“For Nordex these orders are an important confirmation of our good technology, especially for demanding locations, which we have already demonstrated
with the N80/2500 in several major projects in Scotland. Following completion of our recapitalisation, we
are again in a strong position with those customers
who are looking for a mature, tried and tested large
turbine”, says Thomas Richterich.
Production of up to 15,000 megawatt/hours of
electricity per year
Three Nordex N80/2500 kW turbines will be the
first multi-megawatt turbines to be connected to the
Czech electricity grid. In the near future, Nordex will
be assembling the Rusová wind farm on the mountain of Lysa Hora for customer Green Lines Rusova
s.r.o in what is Nordex’s first project in the Czech Republic. SaysThomas Richterich: “Despite the success we
have had in building wind farms almost everywhere
around the world, our neighboring country has so far
largely been uncharted territory for us.”
The wind farm, which is being developed as part
of a German-Czech pilot environmental protection project, is located around 800 meters above sea level in
the Erz mountains less than seven kilometers from
the Czech-German border. The electricity which it generates will be fed into the Severoceská energetíka grid
as of 2006.
In the past, modern turbine technology has frequently been confined to established markets, with
new regions deploying proven systems all too frequently. This is despite the obvious advantages offered by modern multimegawatt turbines.Thus, the three
Nordex N80 turbines will produce up to 15,000 megawatt/hours of electricity a year, sufficient to supply
around 4,000 four-person households.
The N80/2500 kW – the first
multimegawatt turbines in the Czech Republic.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 13
HONG KONG HARVESTING WIND:
500 HOUSEHOLDS BEING SUPPLIED WITH
CLEAN ELECTRICITY
24_25
| Asia
Nordex turbine on Lamma Island put into operation Kong’s only power station, which is fueled with coal.
Like the rest of Asia, Hong Kong also faces the chalThe first wind turbine in Hong Kong has gone into lenge of diversifying its energy base and reducing its
operation. Located on Lamma Island off the coast of heavy dependence on coal. Wind power is one of the
Hong Kong, a Nordex N50 is supplying enough ener- most important options in this respect. This should
gy to meet the needs of around 500 households. The not come as any surprise given that it is freely avaiturbine officially went into operation on February 23, lable as a domestic source of energy and can be con2006. At the same time, the N50 is a symbol of a new verted into electricity efficiently and on an environkind of energy as Lamma Island is also home to Hong ment-friendly basis.
PRODUCTION FACILITY FOR LARGE-SCALE
TURBINES BEING SET UP: NORDEX
ESTABLISHING JOINT VENTURE IN CHINA
Major order for 200 MW secured
In December 2005, the Nordex Group signed a joint
venture contract for the local production of megawattclass wind turbines in China. The company’s partners
are the regional utility Ningxia Electric Power Group
(40 %) and the Ningxia Tianjing Electric Energy Development Group (10 %), which operates power
stations and is engaged in the construction sector.
Both companies are owners of the “Helanshan” wind
farm, which with an installed capacity of 110 MW is
the largest Chinese project of this type and is to undergo massive extensions over the next few years.
Under the turbine producer’s operative management, Nordex Wind Power Equipment Manufacturing
Co. Ltd. will be assembling wind turbines with a capacity of 1.5 megawatts in the province of Ningxia. The
joint venture has already received its first major order
of 200 MW to be constructed until 2009. The partners
will be completing the first 26 turbines for China in the
coming year. A number of these turbines will still be
produced in Germany to provide the engineers from
China with a training opportunity at the main factory.
N60/1,300 kW series. Nordex Wind Power Equipment
Manufacturing has plans going beyond the project
development activities with its partners. The Chinese
market potentially offers high general growth rates
for producers of wind turbines. Thus the Chinese
government has invited tenders for projects entailing
a total of some 3,000 MW since 2003. Contracts for
roughly one third of these projects have already been
awarded. As well as this, at the end of February 2005
the Chinese People’s Congress passed a law to support the use of renewable energies, which will be taking
force on January 1, 2006. Although the tariff for electricity produced from wind power has not been fixed,
the remuneration period is expected to come to a sufficient 30,000 full-load hours (approx. 15 years). In this
way, Peking wants to increase installed capacity in
China from a current about 1,000 MW to 30,000 MW
by 2020.
After the necessary production quality is secured
local manufacturing content will be raised step by
step. Since the end of 2005, suppliers responding to
invitations for tenders in China must guarantee local
manufacturing content of at least 70 %. “We want to
achieve this level swiftly,” explainsThomas Richterich,
CEO at Nordex AG. This will be facilitated by further
wind farm projects being planned by the partners with
a volume of up to 600 MW. If this business volume is
achieved in the medium term, the joint venture will
be able to extend the production facility to accommodate an annual output of 200 turbines.
Nordex can already look back on years of extensive experience in operating a turbine production
facility in China. In 1998 it established a joint venture
with Xi’an Aero Engine for the assembly of 600 kW
turbines. In response to greater demand in China for
large-scale turbines, Nordex has realigned its local
production activities. As a result, it started up a new
rotor blade production facility in Baoding in spring
2005, where it is producing components for the
Signing of the joint venture in China.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 13
HONG KONG HARVESTING WIND:
500 HOUSEHOLDS BEING SUPPLIED WITH
CLEAN ELECTRICITY
24_25
| Asia
Nordex turbine on Lamma Island put into operation Kong’s only power station, which is fueled with coal.
Like the rest of Asia, Hong Kong also faces the chalThe first wind turbine in Hong Kong has gone into lenge of diversifying its energy base and reducing its
operation. Located on Lamma Island off the coast of heavy dependence on coal. Wind power is one of the
Hong Kong, a Nordex N50 is supplying enough ener- most important options in this respect. This should
gy to meet the needs of around 500 households. The not come as any surprise given that it is freely avaiturbine officially went into operation on February 23, lable as a domestic source of energy and can be con2006. At the same time, the N50 is a symbol of a new verted into electricity efficiently and on an environkind of energy as Lamma Island is also home to Hong ment-friendly basis.
PRODUCTION FACILITY FOR LARGE-SCALE
TURBINES BEING SET UP: NORDEX
ESTABLISHING JOINT VENTURE IN CHINA
Major order for 200 MW secured
In December 2005, the Nordex Group signed a joint
venture contract for the local production of megawattclass wind turbines in China. The company’s partners
are the regional utility Ningxia Electric Power Group
(40 %) and the Ningxia Tianjing Electric Energy Development Group (10 %), which operates power
stations and is engaged in the construction sector.
Both companies are owners of the “Helanshan” wind
farm, which with an installed capacity of 110 MW is
the largest Chinese project of this type and is to undergo massive extensions over the next few years.
Under the turbine producer’s operative management, Nordex Wind Power Equipment Manufacturing
Co. Ltd. will be assembling wind turbines with a capacity of 1.5 megawatts in the province of Ningxia. The
joint venture has already received its first major order
of 200 MW to be constructed until 2009. The partners
will be completing the first 26 turbines for China in the
coming year. A number of these turbines will still be
produced in Germany to provide the engineers from
China with a training opportunity at the main factory.
N60/1,300 kW series. Nordex Wind Power Equipment
Manufacturing has plans going beyond the project
development activities with its partners. The Chinese
market potentially offers high general growth rates
for producers of wind turbines. Thus the Chinese
government has invited tenders for projects entailing
a total of some 3,000 MW since 2003. Contracts for
roughly one third of these projects have already been
awarded. As well as this, at the end of February 2005
the Chinese People’s Congress passed a law to support the use of renewable energies, which will be taking
force on January 1, 2006. Although the tariff for electricity produced from wind power has not been fixed,
the remuneration period is expected to come to a sufficient 30,000 full-load hours (approx. 15 years). In this
way, Peking wants to increase installed capacity in
China from a current about 1,000 MW to 30,000 MW
by 2020.
After the necessary production quality is secured
local manufacturing content will be raised step by
step. Since the end of 2005, suppliers responding to
invitations for tenders in China must guarantee local
manufacturing content of at least 70 %. “We want to
achieve this level swiftly,” explainsThomas Richterich,
CEO at Nordex AG. This will be facilitated by further
wind farm projects being planned by the partners with
a volume of up to 600 MW. If this business volume is
achieved in the medium term, the joint venture will
be able to extend the production facility to accommodate an annual output of 200 turbines.
Nordex can already look back on years of extensive experience in operating a turbine production
facility in China. In 1998 it established a joint venture
with Xi’an Aero Engine for the assembly of 600 kW
turbines. In response to greater demand in China for
large-scale turbines, Nordex has realigned its local
production activities. As a result, it started up a new
rotor blade production facility in Baoding in spring
2005, where it is producing components for the
Signing of the joint venture in China.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 14
WORLDWIDE INSTALLATIONS
26_27
| Asia
Country
CHINA
NORDEX SUPPLIES
NEW GENERATION OF
TURBINES TO CHINA
Peking to install 20,000 MW by the year 2020
“Since Peking passed a new law in the spring promoting renewable energies, the demand for wind turbines has increased significantly. Most of the tenders
are for large projects and machines in the megawatt
class”, explains Carsten Pedersen, COO Sales and Marketing at Nordex AG. The company has now obtained
its first order to supply variable-speed 1.5 MW turbines. Says Pedersen: “This means that a new generation of turbines will be used that so far we have only
installed in Europe.” At present Nordex is working on
orders for four projects in China with a total of 27 turbines.
Nordex has been active in China since the mid-90s.
In 1998 the company was the first manufacturer to set
up a joint venture for the production of wind turbines.
Says Pedersen: “In the past we only produced 600 kW
machines in China, the larger ones being exported from
Europe”. The Nordex S70/1500 kW now ordered are
pitch-controlled turbines with a more complex turbine concept than the smaller stall machines.
Peking intends to install around 30,000 megawatts
by the year 2020. Any company that wants a slice of
this gigantic cake must be able to offer state-of-theart machines in the upper power class with a local contribution to value added of 70 %.
Installed Wind Turbines
Australia
Austria
Belarus
Canada
China
Columbia
Danmark
Estonia
Egypt
Finland
France
Germany
Greece
Holland
Hungary
India
Ireland
Israel
Italy
Japan
Latvia
Luxemburg
Norway
Poland
Portugal
Russia
Spain
Sweden
Syria
United Kingdom
USA
Total
Capacity (MW)
N27/150
N27/250
N29/250
N43/600
N46/600
1
1
–
–
–
–
21
–
–
–
–
97
–
–
1
79
–
–
–
2
–
–
–
–
–
–
–
–
1
–
–
203
30,45
–
–
–
–
16
–
10
–
–
–
–
24
–
–
–
6
–
1
–
–
–
–
–
–
–
–
–
–
–
–
–
57
14,25
3
5
1
–
16
–
–
–
–
–
1
76
1
–
–
178
–
–
–
4
–
–
–
1
–
3
–
–
–
–
1
291
72,75
–
–
–
–
160
–
35
–
105
–
47
113
37
4
–
–
–
–
–
7
–
–
–
–
–
–
25
1
–
3
1
538
322,80
–
–
–
–
–
–
–
–
–
–
–
51
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
51
33,00
Total installed Wind Turbines: 2.738
N50/800 N54/1000 N60/1300 S70/1500 N80/2500 N90/2300 N90/2500
–
–
–
–
12
–
59
–
–
–
10
23
8
6
–
–
–
–
2
3
–
–
–
–
3
–
–
–
–
6
–
132
105,60
–
–
–
–
–
–
–
–
–
–
–
160
–
–
–
–
–
–
–
–
7
2
–
–
–
–
–
–
–
–
10
179
179,00
Total installed capacity (MW): 2.763,95
–
3
–
20
19
15
52
–
–
3
32
353
–
–
–
–
4
–
–
29
–
–
–
–
32
–
56
–
–
28
12
658
855,40
–
–
–
–
3
–
–
–
–
–
–
395
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
398
597
–
–
–
–
–
–
–
–
–
–
10
30
–
23
–
–
10
–
–
2
–
–
16
–
–
–
–
–
–
20
–
111
277,5
–
–
–
–
–
–
2
8
–
–
28
32
–
–
–
–
–
–
–
–
–
–
–
–
49
–
–
–
–
–
–
119
273,7
–
–
–
–
–
–
–
–
–
–
–
1
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
1
2,5
March 30th, 2006
+ + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short
INDIA
WIND POWER
BOOM IN WIND ENERGY
PRICE ALMOST ON A PAR WITH BASE LOAD ELECTRICITY
In 2005, new installed capacity in India rose by
around 63 % to 1,430 MW. Since the Electricity Act took
effect in 2003 followed by the Renewable Energy Program, electricity producers have had free access to
the transmission grid. As well as this, India is promoting renewable energies by means of income tax credits, investment grants and preferential interest rates
as well as reduced customs on imports. However, the
market is calling for local production structures. At
the moment, Nordex is in talks with potential Indian
partners with a view to establishing suitable structures. One advantage in this respect is that the Nordex
name enjoys a good reputation in India. Up until the
end of the nineties, the company had assembled
roughly 270 reliable turbines with its then partner
BHEL.
Delivery of S70 nacelles.
The price of conventional sources of energy rose in
2005: oil was up roughly 40 % (OECD basket), gas
around 25 % and German power station coal 17 %. As
a result, the spot price of electricity in Germany climbed to as much as 6.9 euro cents per kWh for base load
electricity and 9.3 eurocents per kWh for peak load electricity. The statutory remuneration rate for new wind
farms stood at 8.6 eurocents in 2005 in Germany and
was thus almost on a par with the level for base load
electricity and below the spot price. Comparable trends
were evident in other countries. As a result, the first
wind farm operators in the United States have started
selling electricity in the spot market rather than entering into long-term electricity supply contracts (PPA)
with utilities. This highlights the strong growth potential which wind energy possesses in view of good wind
resources around the world and the limited sources of
fossil energy, the price of which is set to continue rising
in the face of mounting ecological restrictions.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:19 Uhr
Seite 14
WORLDWIDE INSTALLATIONS
26_27
| Asia
Country
CHINA
NORDEX SUPPLIES
NEW GENERATION OF
TURBINES TO CHINA
Peking to install 20,000 MW by the year 2020
“Since Peking passed a new law in the spring promoting renewable energies, the demand for wind turbines has increased significantly. Most of the tenders
are for large projects and machines in the megawatt
class”, explains Carsten Pedersen, COO Sales and Marketing at Nordex AG. The company has now obtained
its first order to supply variable-speed 1.5 MW turbines. Says Pedersen: “This means that a new generation of turbines will be used that so far we have only
installed in Europe.” At present Nordex is working on
orders for four projects in China with a total of 27 turbines.
Nordex has been active in China since the mid-90s.
In 1998 the company was the first manufacturer to set
up a joint venture for the production of wind turbines.
Says Pedersen: “In the past we only produced 600 kW
machines in China, the larger ones being exported from
Europe”. The Nordex S70/1500 kW now ordered are
pitch-controlled turbines with a more complex turbine concept than the smaller stall machines.
Peking intends to install around 30,000 megawatts
by the year 2020. Any company that wants a slice of
this gigantic cake must be able to offer state-of-theart machines in the upper power class with a local contribution to value added of 70 %.
Installed Wind Turbines
Australia
Austria
Belarus
Canada
China
Columbia
Danmark
Estonia
Egypt
Finland
France
Germany
Greece
Holland
Hungary
India
Ireland
Israel
Italy
Japan
Latvia
Luxemburg
Norway
Poland
Portugal
Russia
Spain
Sweden
Syria
United Kingdom
USA
Total
Capacity (MW)
N27/150
N27/250
N29/250
N43/600
N46/600
1
1
–
–
–
–
21
–
–
–
–
97
–
–
1
79
–
–
–
2
–
–
–
–
–
–
–
–
1
–
–
203
30,45
–
–
–
–
16
–
10
–
–
–
–
24
–
–
–
6
–
1
–
–
–
–
–
–
–
–
–
–
–
–
–
57
14,25
3
5
1
–
16
–
–
–
–
–
1
76
1
–
–
178
–
–
–
4
–
–
–
1
–
3
–
–
–
–
1
291
72,75
–
–
–
–
160
–
35
–
105
–
47
113
37
4
–
–
–
–
–
7
–
–
–
–
–
–
25
1
–
3
1
538
322,80
–
–
–
–
–
–
–
–
–
–
–
51
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
51
33,00
Total installed Wind Turbines: 2.738
N50/800 N54/1000 N60/1300 S70/1500 N80/2500 N90/2300 N90/2500
–
–
–
–
12
–
59
–
–
–
10
23
8
6
–
–
–
–
2
3
–
–
–
–
3
–
–
–
–
6
–
132
105,60
–
–
–
–
–
–
–
–
–
–
–
160
–
–
–
–
–
–
–
–
7
2
–
–
–
–
–
–
–
–
10
179
179,00
Total installed capacity (MW): 2.763,95
–
3
–
20
19
15
52
–
–
3
32
353
–
–
–
–
4
–
–
29
–
–
–
–
32
–
56
–
–
28
12
658
855,40
–
–
–
–
3
–
–
–
–
–
–
395
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
398
597
–
–
–
–
–
–
–
–
–
–
10
30
–
23
–
–
10
–
–
2
–
–
16
–
–
–
–
–
–
20
–
111
277,5
–
–
–
–
–
–
2
8
–
–
28
32
–
–
–
–
–
–
–
–
–
–
–
–
49
–
–
–
–
–
–
119
273,7
–
–
–
–
–
–
–
–
–
–
–
1
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
1
2,5
March 30th, 2006
+ + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short News + + + Short
INDIA
WIND POWER
BOOM IN WIND ENERGY
PRICE ALMOST ON A PAR WITH BASE LOAD ELECTRICITY
In 2005, new installed capacity in India rose by
around 63 % to 1,430 MW. Since the Electricity Act took
effect in 2003 followed by the Renewable Energy Program, electricity producers have had free access to
the transmission grid. As well as this, India is promoting renewable energies by means of income tax credits, investment grants and preferential interest rates
as well as reduced customs on imports. However, the
market is calling for local production structures. At
the moment, Nordex is in talks with potential Indian
partners with a view to establishing suitable structures. One advantage in this respect is that the Nordex
name enjoys a good reputation in India. Up until the
end of the nineties, the company had assembled
roughly 270 reliable turbines with its then partner
BHEL.
Delivery of S70 nacelles.
The price of conventional sources of energy rose in
2005: oil was up roughly 40 % (OECD basket), gas
around 25 % and German power station coal 17 %. As
a result, the spot price of electricity in Germany climbed to as much as 6.9 euro cents per kWh for base load
electricity and 9.3 eurocents per kWh for peak load electricity. The statutory remuneration rate for new wind
farms stood at 8.6 eurocents in 2005 in Germany and
was thus almost on a par with the level for base load
electricity and below the spot price. Comparable trends
were evident in other countries. As a result, the first
wind farm operators in the United States have started
selling electricity in the spot market rather than entering into long-term electricity supply contracts (PPA)
with utilities. This highlights the strong growth potential which wind energy possesses in view of good wind
resources around the world and the limited sources of
fossil energy, the price of which is set to continue rising
in the face of mounting ecological restrictions.
91-157_Kundenzeitung_GB_RZ
06.04.2006
16:18 Uhr
Seite 1
NO. 20 ı May 20 06
NEWSLETTER FROM
www.nordex-online.com
Germany 2,50 5
Austria 2,70 5
Switzerland 4,90 sfr
WINDPOWERUPDATE
SERVICE AT NORDEX:
UP, UP AND AWAY:
CHINA:
New service infrastructure
N90 installed on 105 m
Nordex supplies new
enhancing availability of
high lattice tower for
generation of
replacement parts
first time
turbines to China
PAGE 10
WE ARE REPRESENTED WITH OFFICES AND
SUBSIDIARIES WORLDWIDE.
Nordex AG
Bornbarch 2
22848 Norderstedt – Germany
Phone: +49 40 50 09 81 00
Fax:
+49 40 50 09 81 01
E-Mail: info@nordex-online.com
Nordex Energy GmbH
Erich Schlesinger Strasse 50
18059 Rostock – Germany
Phone: +49 38 14 02 03 00
Fax:
+49 38 14 02 03 39
E-Mail: info@nordex-online.com
Vertrieb Nordex Energy GmbH
Bornbarch 7
22848 Norderstedt – Germany
Phone: +49 40 500 98 490
Fax:
+49 40 500 98 491
E-Mail: info@nordex-online.com
Nordex Energy GmbH
C. F. Tietgensvej 10
6000 Kolding, Denmark
Phone: +45 75 73 44 00
Fax:
+45 75 73 41 47
E-Mail: denmark@nordex-online.com
Service Nordex Energy GmbH
Bornbarch 7
22848 Norderstedt – Germany
Phone: +49 40 500 98 209
Fax:
+49 40 500 98 301
E-Mail: info@nordex-online.com
Nordex France SAS
1, Rue de la Procession
93217 La Plaine Saint-Denis – France
Phone: +33 155 93 43 43
Fax:
+33 155 93 43 40
E-Mail: france@nordex-online.com
Nordex UK
Egerton House
The Towers Business Park –
Didsbury M20 2DX
United Kingdom
Phone: +44 161 445 99 00
Fax:
+44 161 445 99 88
E-Mail: uk@nordex-online.com
China
Nordex Beijing
Room 6c
Tower A, Star City,
No.10 Jiuxianqiao Road,
Chaoyang District,
Beijing 100016
P. R. China
Phone: +86 10 64 33 64 77
Fax:
+86 10 64 33 68 55
E-Mail: china@nordex-online.com
Nordex Ibérica SA
Carrer de Guitard, 43, 7° 2a
08014 Barcelona – Spain
Phone: +34 93 20 57 899
Fax:
+34 93 20 57 903
E-Mail: spain@nordex-online.com
Nordex Italia s. r. l.
c/o
SCF Commercialisti Associati
Via Augusto Anfossi 36
20135 Milano
Phone: +39 02 54 10 76 42
Fax:
+39 02 54 11 94 63
E-mail: info@nordex-online.com
BALTIC SEA:
FIRST OFFSHORE TURBINE
INSTALLED IN GERMANY
PAGE 12
PAGE 16
PAGE 24

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