|
EQS-News: Nordex SE
/ Key word(s): Product Launch
Hamburg, 22 July 2024. The Nordex Group is expanding its product portfolio in the 5 MW segment and is launching a turbine variant of the proven Delta4000 platform, which is specially tailored to the requirements of the US market. The N169/5.X has a rotor diameter of 169 meters and a power rating up to 5.5 megawatts. As common with Nordex turbines there will be a range of US optimized towers available. The N169/5.X is particularly suitable for wind regions in the USA without intense turbulence and with low to medium wind speeds. “Expanding our activities in North America is a key element of our strategy. The N169/5.X is one of the largest and most efficient turbines for the US market, developed to support our growth targets in this region”, explains José Luis Blanco, CEO of the Nordex Group. “Once again, we have followed our proven approach of an evolutionary product strategy by using proven components of our 5 MW class to develop a turbine variant that significantly increases yield, especially in projects with limited grid capacity, through an optimized capacity factor." Manav Sharma, CEO of the Nordex Group's North America division adds: "With this new US turbine, we are well positioned to benefit from the expected growth of the US market. We already have our N163 and N175 variants offering for land constrained and some grid constrained sites in multiple configurations. The N169/5.X will allow us to address additional customer needs in grid constrained sites.” The Nordex local supply chain already in place ensures that local content requirements are met to benefit from the Inflation Reduction Act (IRA). Main components such as nacelles, drive trains and hubs are to be manufactured in the United States. The Nordex Group will manufacture the N169/5.X as well as the N163 turbine for the US market in its facility in West Branch, Iowa. Production of the N169/5.X is scheduled to start in 2026. About the Nordex Group The Group has installed around 51 GW of wind power capacity in over 40 markets in its corporate history and generated consolidated sales of around EUR 6.5 billion in 2023. The Company currently has more than 10,000 employees with a manufacturing network that includes factories in Germany, Spain, Brazil, India, USA and Mexico. Its product portfolio is focused on onshore turbines in the 4 to 6 MW+ classes which are designed to meet the market requirements of countries with limited available space and regions with constrained grid capacity. Contact person for press:
Contact for investor inquiries:
22.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Nordex SE |
| Erich-Schlesinger-Straße 50 | |
| 18059 Rostock | |
| Germany | |
| Phone: | +49 381 6663 3300 |
| Fax: | +49 381 6663 3339 |
| E-mail: | investor-relations@nordex-online.com |
| Internet: | www.nordex-online.com |
| ISIN: | DE000A0D6554 |
| WKN: | A0D655 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1950139 |
| End of News | EQS News Service |
|
|
1950139 22.07.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
