Press Release
Publisher: Nordex SE
Nordex Group secures new order in the US
• IPP purchases safe harbor components from Nordex for future wind farm projects
• Ordering components ensures that wind farm operator obtains top tax credit from Production Tax Credit
Hamburg (renewablepress) - An international IPP has now signed a contract with the Nordex Group for PTC qualifying components corresponding to a value of 32 million US Dollars. The total volume of the customer´s upcoming US projects, based on this contract, is expected to equate to 15 times the total value of the agreement.
The manufacturer has already begun execution of the order, featuring the AW3000 turbine. This ensures that the customer can obtain the full tax benefit for its wind farms according to the "safe harbor" terms by achieving commercial operation until 2020. In the US the Internal Revenue Service (IRS) requires wind energy projects to begin in 2016 and to be placed in service in order to qualify for the full Production Tax Credit (PTC) of 2.3 cents per kWh. However, most of execution of the order is expected to take place in 2018.
"A low cost of energy is the key to the success of a project. Apart from the continuous increase in the efficiency of our turbines, basically we therefore help our customers obtain the best possible tax benefit for their projects – as in the present case with the safe harbor solution where we have guaranteed that our customer can obtain the maximum PTC rate," says CSO Sales & Marketing Patxi Landa.
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https://www.iwrpressedienst.de/bilddatenbank/nordex/C7A1616.jpgThe Nordex Group - a profile
The Group has installed around 20 GW of wind energy capacity in over 25 markets. In 2015 Nordex and Acciona Windpower generated combined revenues of EUR 3.4 billion. The company currently employs a workforce of around 5,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States and India. The product portfolio is focused on onshore turbines in the 1.5 to 3.6 MW class, which are tailor-made for the market requirements in developed and emerging markets.
Hamburg, 13 December 2016
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E-Mail: Flosada@nordex-online.com
Nordex SE
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22419 Hamburg
Internet: http://www.nordex-online.com
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About Nordex SE
The development, manufacture, project management and servicing of wind turbines in the onshore segment has been the core competence and passion of the Nordex Group and its more than 7,900 employees worldwide since 1985. As one of the world's largest wind turbine manufacturers, the Nordex Group offers high-yield, cost-efficient wind turbines under the Acciona Windpower and Nordex brands that enable long-term and economical power generation from wind energy in all geographical and climatic conditions.
The focus is on turbines in the 3 to 5MW+ class, and the Group’s comprehensive product portfolio offers individual solutions for both markets with limited space and regions with limited grid capacities. With more than 29 GW of installed capacity worldwide, Nordex Group systems deliver sustainable energy throughout more than 80 per cent of the world’s energy market (excluding China).
Nordex SE is listed on the TecDAX of the Frankfurt Stock Exchange. The management holding company is headquartered in Rostock, while the executive board and administrative offices are based in Hamburg. At production facilities in Germany, Spain, Brazil, the US, and India, the Nordex Group produces its own nacelles, rotor blades and concrete towers. The Group also maintains offices and branches in more than 25 countries.
Press contact at Nordex SE
Felix Losada
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141
Press contact
Felix Losada
Nordex SE
Mail: flosada@nordex-online.com
Phone: +49 (0)40 - 300 30 - 1141