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Home » Uncategorized » Nordex cements Innogy deal
Onshore Wind

Nordex cements Innogy deal

SaraBy SaraJanuary 22, 20192 Mins Read
German duo cut Scharmbeck ribbon

Nordex has secured an initial turbine order for wind farms German developer Innogy is developing in New York, as part of a wider strategic partnership between the two companies.

The US turbine deal is based on securing production tax credits available for the two projects on current terms and conditions, which require a portion of total components to be ordered early in the development process.

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Nordex and Innogy signed the so-called ‘safe harbor’ agreement on six N131/3900 turbines at the end of 2018.

Subject to taking a final investment decision, Innogy is planning to build the 126MW Cassadaga and the 240MW Baron Winds projects using mainly Nordex turbines.

Under the strategic partnership agreement, Nordex will also provide turbines for the 33MW Zukowice project in Poland, once Innogy has finalised an investment decision.

Innogy won the Zukowice project in a recent round of Polish auctions. Nordex expects to receive the order for the project in the second half of 2019.

Under the terms of the strategic partnership, between 2019 and 2022 Innogy plans to develop its project pipeline in Europe and the US using Nordex turbines with a total capacity of 1.7GW.

Innogy chief operations officer Hans Bunting said the strategic partnership with Nordex has enabled the developer to optimise its onshore wind turbine procurement strategy.

“In Europe and especially in the US, we have secured prices for wind turbines and service for the coming years so that we remain competitive and ideally positioned for future auctions.

“The Nordex Group was successful in a tender due to making the best commercial bid and because of the promised transparency with regard to project optimisation.”

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