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Nordex Group confirms negotiations with Acciona Energia in Chile

DGAP-News: Nordex SE / Key word(s): Alliance
Nordex Group confirms negotiations with Acciona Energia in Chile

26.08.2016 / 08:59
The issuer is solely responsible for the content of this announcement.

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Hamburg, 26 August 2016. The Nordex Group has confirmed that negotiations
are currently being held with its partner Acciona Energia regarding a 183
MW wind farm in Chile.

In the latest round of tenders on the Chilean energy market Acciona Energia
- a close partner of the manufacturer - has been awarded the contract to
feed some 500 GWh of electricity into the grid per annum. As the project
developer announced last week, in this connection it is planning to build a
183 MW wind farm and is holding negotiations on this with the Nordex Group
as the preferred turbine manufacturer.

The project is to be realised in the region of La Araucania and will feed
green electricity into the Chilean grid at the latest at the beginning of
2022. Further details on the start of construction work and the project
will depend on the outcome of the ongoing negotiations.

Chile is currently the fastest growing wind market in Latin America. The
sector expects to increase in capacity by an average of around 350 MW a
year until 2025. In the latest round of tenders a total of 12,430 GWh a
year of electricity is being auctioned for the generation period from 2022
to 2042. This volume of energy will cover around 30 percent of the
electricity demand anticipated for Chile for 2021.

Acciona Energia has been operating very successfully on the Chilean market
for years. The company has already won a contract in the previous bidding
round for 600 GWh per annum for the generation period from 2018 to 2032.

As soon as the supply contracts still pending have been signed and project
finance has been secured, the manufacturer will publish detailed
information on the future order receipt. Apart from Acciona Energia, other
developers to whom the Nordex Group maintains excellent relationships have
obtained awards for converted more than 1.000 MW of wind energy for the
same generation period.

The Nordex Group - a profile
The Group has installed more than 20 GW of wind energy capacity in over 25
markets. In 2015 Nordex and Acciona Windpower generated combined revenues
of EUR 3.4 billion. The company currently employs a workforce of more than
5,000. The joint manufacturing capacity includes factories in Germany,
Spain, Brazil, the United States and in the near future India. The product
portfolio is focused on onshore turbines in the 1.5 to 3.6 MW class, which
are tailor-made for the market requirements in developed and emerging
markets.

For more information, please contact:
Nordex SE
Felix Losada
Phone: 040 / 300 30 - 1000
[e-mail]


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26.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange


End of News DGAP News Service
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496137 26.08.2016