Further calldown on the framework agreement with Eolia Renovables
Hamburg, 1 February 2012. Wind turbine manufacturer Nordex has been awarded a contract for the assembly and installation of the “Barbers” 30 MW wind farm, comprising twelve N90/2500 wind turbine systems. The contract is based on a framework agreement entered into with power station operator Eolia Renovables, which originally provided for a capacity of 150 megawatts. The co-investor is the Elecnor Group, whose core business entails infrastructure projects including the construction and operation of wind farms.
The “Barbers” project will be built in the Spanish province of Tarragona in Catalonia on a mountain ridge close to the coast at an altitude of around 400 metres. The nominal annual yield of the twelve multi-megawatt turbines will come to 88 gigawatt/hours at this location.
Eolia Renovables has already commenced the preparatory civil works. Nordex will be installing the first turbines in April, with the wind farm to go on grid in summer 2012.
As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The range comprises one of the world’s largest series-produced wind power systems (N80/2500, N90/2500, N100/2500, N117/2400). To date, over 1,700 turbines of this type have been installed around the world. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. Nordex has installed a total of around 4,700 turbines with an aggregate capacity of more than 7,100 MW all around the world. With exports accounting for more than 90 percent of its business, Nordex SE plays a key role in international high-growth regions. The Company has offices and subsidiaries in 19 countries around the world with a total global headcount of over 2,600 employees.
About Eolia Renovables
Eolia Renovables is one of the leading independent European wind and photovoltaic solar power producers. Its growth strategy is predicated on taking equity interests in mid-sized renewable energy companies. Its founding shareholders include specialist alternative asset managers such as the N+1 Group, independent developers such as Preneal and financial institutions such as Bankinter. Other core investors include some of Spain’s most important institutional investors, such as BBK, Kutxa, Fonditel and Banco Sabadell, among others.
About N+1 Eolia
N+1 Eolia SGECR, the management firm for Eolia Renovables, is the only entity in its class in Spain as it is devoted exclusively to managing renewable energy endeavours. It currently manages two vehicles: Eolia Renovables de Inversiones and Mistral Biocombustibles de Inversiones. N+1 Eolia is part of the N+1 Group, an independent entity specialised the provision of value added financial products and services. Its activities can be grouped into two core business lines: alternative asset management and corporate financial advisory services. The N+1 Group currently has over €2.5 billion of assets under management and has offices in Madrid, Barcelona, Frankfurt and
Luxembourg and a headcount of 130.