DGAP-News: Nordex SE
/ Key word(s): Incoming Orders
Hamburg, 14 April 2022. End of March, the Finnish renewable energy investment and asset management platform Low Carbon placed an order with the Nordex Group for 29.5 MW in Finland. The order also includes a Premium Service contract for thirty years.
The Nordex Group will supply five N163/5.X turbines for the "Mörknässkogen" wind farm. The site on the west coast of Finland, near Vaasa, is set to become Low Carbon's first operational wind farm in the country, with commercial operations expected to commence in 2023.
Due to the good average wind speeds on site the Delta4000 turbines on 159-meter hub height will deliver clean energy, capable of powering over 30,600 Finnish homes and avoiding more than 24,700 tons of CO2 emissions.
Patxi Landa, CSO of the Nordex Group said: "We are delighted to do our first deal with Low Carbon and to continue our strong performance in the Finnish market. In these volatile times it is a pleasure to see our customers' commitment to invest in our energy security and de-carbonising our energy systems."
The "Mörknässkogen" wind farm aligns closely with Finland's National Energy and Climate strategy for 2030, which aims to increase the use of renewable energy to 50 per cent of energy end-consumption.
John Graves, CIO of the Low Carbon Renewables Fund said: "Finland is a highly sought-after European renewables market, and we are proud to play a part in diversifying the country's renewable power mix with affordable and clean wind energy. The project will also count towards Low Carbon's ambitious target of building 20 GW of new renewable energy capacity by 2030. As Finland is already a world leader in the utilisation of renewable sources of energy, the project will become an important asset in Low Carbon's expanding European portfolio."
About Low Carbon
Low Carbon is a leading renewable energy investment and asset management platform committed to the development and operation of renewable energy at scale. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar PV, wind, energy storage, waste-to-energy and energy efficiency. Low Carbon, a certified B Corp, has a proven track record in the development, construction, financing and management of renewable energy assets and remains involved in the projects for the long term with a dedicated asset management team that manages assets on balance sheet and for third parties. With a significant international renewable energy pipeline in development, Low Carbon is well-positioned to capitalize on opportunities as the need for renewable energy and energy security increases.
The Nordex Group has installed more than 39 GW of wind capacity in over 40 markets and in 2021 generated revenues of EUR 5.4 billion. The company currently employs a workforce of approx. 8,600. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, and Mexico. The product portfolio is focused on onshore wind turbines in the 4 to 6.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.
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14.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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