Nordex Group receives two new wind orders in the U.S.

The two wind projects have qualified for the full value of the PTC. Construction will begin in 2018. The Nordex Group has signed two new contracts for PTC-qualifying components, corresponding to a value of nearly U.S.$65 million (EUR 62 million). The manufacturer has secured one order from an IPP based in the U.S., which is featuring safe harbor components for wind turbines from Nordex’s Delta platform. The second order was placed by a European utility and includes turbine components of the AW125/3000 platform. According to the safe harbor terms, the orders qualify future projects placed in service by these customers until 2020 for a PTC of 2.3 cents per kWh. Execution of the projects are expected to take place in 2018 and onwards. Their volume will equate to a multiple of the agreements that have now been signed.