Nordex SE: Nordex Group awarded contract by a consortium comprised of Helen Oy and Ålandsbanken Wind Power Fund for 148-MW wind farm in Finland 

DGAP-News: Nordex SE / Key word(s): Incoming Orders
Nordex SE: Nordex Group awarded contract by a consortium comprised of Helen Oy and Ålandsbanken Wind Power Fund for 148-MW wind farm in Finland 
26.07.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

•    Premium Service of N163/5.X turbines for 35 years
•    Plans for first-time use of hybrid tower developed in-house with hub height of 168 metres.

Hamburg, 26 July 2022. The Nordex Group continues its strong growth path in the Finnish market: a consortium comprised of the Finnish energy utility Helen Oy and Ålandsbanken Wind Power Fund has commissioned the Nordex Group to supply and install 25 N163/5.X turbines for the 147.5-MW Karahka wind farm. The order also includes the Premium Service for the turbines covering a period of 35 years.

The Karahka wind farm was developed by VSB Uusiutuva Energia Suomi Oy, the Finnish affiliate of the VSB Group, an international project developer and operator for wind energy and photovoltaics, headquartered in Dresden, Germany, and was given building permission in January 2022. Since then, VSB, majority owned by Partners Group, has sold the wind farm to the consortium. VSB is still responsible for infrastructure work, which is due to begin in 2023. The wind turbines are to be supplied and installation commenced by the Nordex Group in spring 2024. 

The Karahka wind farm will be built in the north of the town of Oulainen in the region of North Ostrobothnia in Finland, some 40 kilometres to the east of the Gulf of Bothnia. Due to the harsh weather conditions in the winter months, the Nordex Group will be fitting the turbines with the Advanced Anti-Icing-System to prevent the formation of ice on the rotor blades and will be supplying the turbines in the cold-climate version.

In addition to this, a hybrid tower with a hub height of 168 metres will be used for the first time. The concrete section of this hybrid tower has been developed by the Nordex Group in-house and is based on many years of experience in their own development, production and installation of hybrid towers. The concrete tower elements for the turbines in the Karahka wind farm are produced in Finland. The great hub height enables the turbines to obtain the maximum energy yield at the site, which is characterized by average wind speeds.  

Patxi Landa, CSO of the Nordex Group: “We are pleased that following the 165 MW Kalistanneva wind farm we are now able to implement a further project for Helen and Ålandsbanken Wind Power Fund in Finland and support Helen in its target of becoming climate-neutral by 2030. It is particularly noteworthy that for this project we will be working with a hub height of 168 metres, our highest hybrid tower, for the first time. Combined with the large rotor diameter of 163 metres, the turbines can be expected to produce large amounts of clean wind power at the site.”

About Helen Oy
Helen makes daily life easier for over 550,000 customers in Finland. In addition to heat, cooling and electricity, we solutions for regional and renewable energy, smart buildings and electric transport. We are developing a smarter, carbon-neutral energy system that enables everyone to produce, use and save energy with respect for the environment. We aim to achieve 100% carbon neutrality in our energy production by 2030. Let’s join forces and turn the opportunities of a new energy era into reality.
More information:

Ålandsbanken Funds Ltd
The Bank of Åland Plc’s fund management company Ålandsbanken Funds Ltd manages the Bank’s investment funds. The funds are marketed in Finland and Sweden. Ålandsbanken Wind Power Fund is the first open-end fund offered to a wide target group that invests in wind power. Fund shares can be subscribed or redeemed twice a year. Ålandsbanken Fondbolag was founded in 1998 and is wholly owned by the Bank of Åland. In addition to ordinary investment funds (UCITS), the company has the right to manage alternative investment funds (AIF).   
More information: 

About VSB
VSB, headquartered in Dresden, Germany, is one of Europe’s leading vertically integrated developers in the field of renewable energies. Its core business is project development of onshore wind and photovoltaic parks, their operational management as well as the operation of its own assets as a growing independent power producer. VSB operates in ten countries, mostly in Europe, and has a pipeline of more than 10 GW. Since 1996, VSB has commissioned more than 700 wind energy and photovoltaic plants with a combined installed capacity of approximately 1.1 GW. VSB also provides services for around 1.4 GW worth of installed plants. With its affiliated companies, the Group employs over 450 people.

The Nordex Group – a profile
The Group has installed more than 39 GW of wind energy capacity in over 40 markets and in 2021 generated revenues of EUR 5.4 billion. The company currently employs a workforce of approx. 8,600. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India and Mexico. The product portfolio is focused on onshore turbines in the 4 to 6.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.

Contact person for press:
Nordex SE
Felix Losada
Phone: +49 (0) 172 409 9435

Contact for investors:
Nordex SE
Felix Zander
Phone: +49 (0) 152 0902 4029

26.07.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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