Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Xetra  >  Nordex SE    NDX1   DE000A0D6554


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Nordex SE: innogy places order with the Nordex Group for 27 MW project in Germany

share with twitter share with LinkedIn share with facebook
05/28/2020 | 01:35am EDT

DGAP-News: Nordex SE / Key word(s): Incoming Orders
Nordex SE: innogy places order with the Nordex Group for 27 MW project in Germany

28.05.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

- Wind farm to be set up on recultivated land of a former open cast lignite mining site, Garzweiler

Hamburg, 28 May 2020. innogy SE has commissioned the Nordex Group to equip the "Jüchen A44n" wind farm with six N149/4.0-4.5 turbines, all with hub heights of 164 metres.

The "Jüchen A44n" wind farm will be built next to the A44 motorway on around 90 hectares of recultivated land formerly used by the Garzweiler open cast lignite mining site, located to the south of the town of Jüchen in North-Rhine Westphalia, Germany. The wind farm will be run as part of a partnership between innogy SE and NEW Re GmbH, a subsidiary of the municipal service company NEW in the area of regenerative projects. The co-operation was successful in the German auction for onshore wind turbines at the beginning of 2020 and therefore awarded the contract from the Federal Grid Agency for a firm electricity feed-in tariff to operate the 27 MW wind farm.

Construction started in April and the wind farm will begin operation one year later. "The wind farm Jüchen will supply clean electricity for around 26,000 households. The site on recultivated land formerly used for brown coal mining could not be more symbolic in terms of CO2-neutral energy production and the energy transition. We are delighted that innogy and NEW Re will be using our turbine technology in this landmark project," says Patxi Landa, CSO of the Nordex Group.

In October 2018, innogy and the Nordex Group agreed on a strategic partnership with a view to promoting future growth with onshore wind projects in a highly competitive environment in an optimal manner. The wind farm "Jüchen A44n" is the first German project to be implemented as part of this partnership.

Renewable energy at innogy
We plan, install and operate turbines for generating electricity and producing energy from regenerative sources. Our portfolio includes wind and hydroelectric power plants as well as solar and biomass plants. At the moment we are particularly active in Germany, our domestic market, followed by Spain, the Netherlands, Poland and Italy. Our aim is to rapidly extend the use of renewable energy on a global basis on our own and together with partners. In this way we can bring about the energy turnaround together. innogy is one of the largest operators in Europe in the area of onshore and offshore wind power. In addition to wind energy we also want to grow in the field of large-scale solar power plants. Apart from our core markets, we already operate in new markets such as the USA, Australia and Canada.

Renewable energy at NEW
NEW is a municipal service company with strong roots in the Lower Rhine area. The Group includes several subsidies in Mönchengladbach, Erkelenz, Geilenkirchen, Grevenbroich, Viersen, Schwalmtal and Tönisvorst. NEW supplies some 400,000 customers with electricity, 150,000 with gas and 100,000 with water. NEW Re, the NEW company for regenerative energy, deals with the expansion of renewable energy on the Lower Rhine. This includes the planning and operation of renewables-based plants. Here NEW Re works in close contact with the municipalities in the region. A total of EUR 100 million has been set aside in the NEW Group for the expansion or renewable energy. NEW's regional and partnership-based approach brings a lot of advantages. The value added remains in the region as the municipalities benefit financially and the electricity produced is marketed locally. NEW stands for partner-based, regional and innovative energy and water supply together with related services.

The Nordex Group - a profile
The Group has installed more than 28 GW of wind energy capacity in over 40 markets and in 2019 generated revenues of EUR 3.3 billion. The company currently employs a workforce of approx. 7,500. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.

For more information, please contact:
Nordex SE
Felix Losada
Phone: +49 (0)40 / 300 30 - 1141

Contact for investors:
Nordex SE
Felix Zander
Phone: +49 (0)40 / 300 30 - 1116

28.05.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: info@nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1056409

End of News DGAP News Service

1056409  28.05.2020 


© EQS 2020
share with twitter share with LinkedIn share with facebook
Latest news on NORDEX SE
07/10NORDEX : obtains major order for 312 MW from Spain
06/26NORDEX SE : Nordex Group to build factory for concrete towers in Spain
06/22NORDEX AG : Goldman Sachs reiterates its Neutral rating
06/22NORDEX : Investor Factbook
06/19NORDEX : around the World – Nordics!
06/18NORDEX SE : The Nordex Group receives order for 43 MW from ABO Wind from Finland
06/16NORDEX AG : NorldLB gives a Buy rating
06/16NORDEX : Investor Factbook
06/03NORDEX SE : Nordex Group posts Brazil order for 90 MW
05/29NORDEX : around the World – USA
More news
Sales 2020 4 161 M 4 712 M 4 712 M
Net income 2020 -26,4 M -29,9 M -29,9 M
Net Debt 2020 277 M 314 M 314 M
P/E ratio 2020 -36,0x
Yield 2020 -
Capitalization 923 M 1 045 M 1 046 M
EV / Sales 2019
EV / Sales 2020 0,29x
Nbr of Employees 7 496
Free-Float 58,8%
Duration : Period :
Nordex SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORDEX SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 10,35 €
Last Close Price 8,66 €
Spread / Highest target 50,2%
Spread / Average Target 19,6%
Spread / Lowest Target -24,9%
EPS Revisions
José Luis Blanco Dieguez Chief Executive Officer
Wolfgang H. Ziebart Chairman-Supervisory Board
Christoph Burkhard Chief Financial Officer
Jan Klatten Member-Supervisory Board
Martin Wolfgang Rey Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
NORDEX SE-28.35%1 045
ABB LTD-1.75%52 109