Nordex has sold the French wind farm projects “Aubigeon” and “Les Touches” to the investment company GN Renewable Investments.
“We are pleased to finalize the sale of two further projects in France developed by our own organization”, states Nordex Management Board member Lars Bondo Krogsgaard. The projects have been developed by Nordex in cooperation with development partners and are sold on a turn-key basis.
Construction work on the two projects has already started. Aubigeon and Les Touches will deliver first power in the summer 2015. The “Les Touches” site is located near Nantes in the Departement Loire Atlantique and comprises six turbines N100/2500 turbines. The project will yield around 36 GWh annually. “Aubigeon” is located in the Departement Indre and comprises five N100/2500 turbines and will produce 32 GWh annually; GN Renewable Investments has the option to purchase one further turbine for this project. In sum the two projects will supply up to 20,000 French households with clean energy.
GN Renewable Investments has signed 10 year service contracts with Nordex for both projects. Krogsgaard: “Financial investors are particularly interested in long-term technical support for their turbines to ensure a high availability of the machines and thus safeguard their investments. This is one reason why we are continuously extending our service network and expanding our offering in this field.”
As a technological leader among suppliers of megawatt turbines, Nordex benefits particularly from the global trend towards large wind turbines. The Generation Gamma product range comprises the N90/2500, N100/2500 and the N117/2400, which is one of the most efficient inland series turbines. To date more than 2,600 turbines from this platform have been produced. With Generation Delta Nordex is now offering the fourth turbine generation of the proven multi-megawatt platform (N100/3300, N117/3000, N131/3000). Overall Nordex has installed more than 6,000 turbines with a capacity of around 10,000 MW worldwide. With exports accounting for around 80 percent of its business, Nordex SE also has a strong position in international high-growth regions. The company has offices and subsidiaries in 22 countries around the world. The Group currently employs a workforce in excess of 2,700 worldwide.
GN Renewable Investments is a Luxembourg based investment vehicle managed by TTR Energy. TTR Energy is a best in class investment manager in the renewable energy sector with competencies across the value chain. With 92 million EUR of equity investment under management and 220,5MW of wind projects industrialized to this day, TTR Energy applies a seasoned and disciplined investment approach to infrastructure projects based on the most established technologies in order to offer investors stable long term absolute returns.