Developing wind power efficiently: Nordex receives research loan from EIB

DGAP-News: Nordex SE / Key word(s): Corporate Action28.04.2014 / 08:25---------------------------------------------------------------------Luxembourg/Rostock - 28 April 2014. The European Investment Bank (EIB) willsupport the research and development activities (R&D) of wind turbinemanufacturer Nordex SE. The bank will provide the company with a loan ofEUR 100 million for its multi-year R&D programme.The global Group specialises in the development, manufacture andinstallation of wind turbine generators. Within the framework of the R&Dprogramme, which is due to run until 2017, Nordex will work together withsuppliers and research institutes in the European Union.With this research Nordex plans to step up the development of increasinglyefficient technical solutions in order to improve its competitiveness. Atthe same time the company aims to achieve grid parity for wind energy inall standard locations. Onshore wind power already counts among the mosteconomical methods of generating electricity within the renewable energysector. This source thus plays a key role in cost-efficient climateprotection and helps reduce dependence on fossil fuels.Among the focus areas for funding activities of the EU bank are projectsdesigned to protect the climate and the environment. In 2013, financing inthis area accounted for a total share of EUR 19 billion with the expansionof renewable energies playing a key role. In 2013, the EIB provided loansamounting to EUR 6.4 billion for this purpose. The bank believes thatprogrammes such as that set up by Nordex make a major contribution tomeeting the EU climate targets, which, among other things, stipulate thatthe share of electricity generated from renewable sources is to increase to27 percent across the EU by the year 2030.Signing the loan agreement, Wilhelm Molterer, Vice President of the EIBwhose responsibilities include financing activities in Germany, said: "Windenergy not only plays a key role when it comes to Germany's ambitiousenergy turnaround. It also makes a substantial contribution to meeting thebinding EU-wide climate targets. With its wide-ranging expertise Nordexnumbers among the most important companies in the wind energy sector.Intensive research work is the basis of this success. This is why we as aEU bank consider the financing of R&D to be one of our central tasks."Background information:The European Investment Bank (EIB) is the European Union's bank forlong-term financing. It is owned by the member states of the EU. The EIB'stask is to promote the aims of the EU by providing long-term finance forviable projects. Apart from financing research, development and innovation,the bank focuses its activities on strategic infrastructure, resourceefficiency as well as small to mid-size companies.As a technological leader among suppliers of megawatt turbines, Nordexbenefits particularly from the global trend towards large wind turbines.The Generation Gamma product range comprises the N90/2500, N100/2500 andthe N117/2400, which is one of the most efficient inland turbines. To datemore than 2,600 turbines from this platform have been produced. This meansthat Nordex has a crucial edge in terms of experience in operating largeturbines compared to most of its competitors in the sector. With GenerationDelta Nordex is now offering the fourth turbine generation of the provenmulti-megawatt platform (N100/3300, N117/3000, N131/3000). Overall, Nordexhas installed around 6,000 turbines with a capacity in excess of 10,000 MWaround the world. With exports accounting for over 80 percent of itsbusiness, Nordex SE also has a strong position in international high-growthregions. The company has offices and subsidiaries in 22 countries aroundthe world. The Group currently employs a workforce in excess of 2,500worldwide.End of Corporate News---------------------------------------------------------------------28.04.2014 Dissemination of a Corporate News, transmitted by DGAP - acompany of EQS Group AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and    English                                                Company:     Nordex SE                                                           Erich-Schlesinger-Straße 50                                         18059 Rostock                                                       Germany                                                Phone:       +49 381 6663 3300                                      Fax:         +49 381 6663 3339                                      E-mail:                                 Internet:                                  ISIN:        DE000A0D6554                                           WKN:         A0D655                                                 Indices:     TecDAX                                                 Listed:      Regulierter Markt in Frankfurt (Prime Standard);                    Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,               München, Stuttgart                                       End of News    DGAP News-Service  ---------------------------------------------------------------------  264904 28.04.2014