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Nordex asserting itself in Portugal, order worth EUR 11.3 million - 500 Beiträge pro Seite



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Contracts for the delivery of ten N62 turbines signed / order worth
EUR 11.3 million


Hamburg, March 14, 2003. Nordex Energy Ibérica, a wholly owned subsidiary of Nordex AG, has again landed a new order in Portugal. It has now signed a contract worth around EUR 11.3 million for the turn-key assembly of the Vergao wind farm for Portuguese developer GENERG Ventos de Proença-a-Nova. The project entails ten N62/1,300 kW turbines complete with all infrastructure activities.



Work at the Portuguese site is to commence as early as in April 2003. The wind farm is located at an altitude of 600 meters in the Vergao mountains in the Catelo Branco region. With average wind speeds of 7.3 m/s and a capacity of 13 megawatts, the farm will have an annual yield of around 30,000 MW/h, sufficient to cover the electricity requirements of 8,000 households.



In force since January 2002, the Portuguese “clean-slate” law provides for a sliding-scale feed-in charge of 8.2 euro-cents per kW/h for the first 2,000 full-load hours. There are only two other countries in Europe stipulating a higher price. The act seeks to offer incentives for assembling wind farms in locations with less favorable wind conditions but close to the consumer. The advantage of this solution is that these regions in particular frequently possess well-developed electricity grids. At the same time, it is possible to avoid long and expensive transmission routes.



A total capacity of up to 7,000 MW is to be funded in this way. In taking this course, the government is pursuing the EU goal of covering 39 percent of its electricity requirements from regenerative sources by 2010. At the same time, the University of Porto forecasts annual growth of 5 percent in demand for energy.



It thus comes as no surprise that Portugal is seen as having strong potential. DGE (Direcção Geral de Energia), the organization responsible for grid access, has granted permits for projects with a volume of some 3,500 MW. Nordex’s customer GENERG, a 42.5-percent subsidiary of Belgian utility Electrabel, alone expects project volumes of around 400 MW in the next four years. This points to enormous opportunities for growth in the light of the current situation. Roughly 67 MW of new wind-capacity was added to the grid in 2002, with Nordex supplying around 13 percent of these wind turbines, making it the third largest producer in Portugal last year.

;) ;)


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