Wind Energy

Nordex AG and Allianz extend their collaboration in France

Nordex AG is further improving its position as one of the leading project developers on the French wind power market: Allianz Specialised Investments, part of the alternative asset investment activities of the Allianz Group, has purchased the wind farms "Barbes d´Or" (12.5 MW) and "Joyeuses" (10 MW), planned and erected by Nordex. The total projects are equipped with Nordex N90/2500 turbines with 100 metre hub heights and are located in central France near to Issoudun.

In April this year Allianz already acquired the 12.5 MW "Les Cent Jalois" wind farm (12.5 MW) in the region of Aisne in northern France. This marked the start of the collaboration between Allianz and Nordex France. "We are pleased about this partnership. Allianz has now decided three times in favour of our N90/2500 technology, which has proved such an allround success", said Carsten Pedersen, COO Sales and marketing at Nordex.

With 334 MW on grid, Nordex is one of the three largest wind energy project developers in France. Overall, today Nordex France has a portfolio of 1,000 MW in different stages of development.

David Jones, CEO of Allianz Specialised Investments, said: "We are pleased to have acquired these two wind farms from Nordex and thereby increase our activities in France. We now have four operational wind farms in this key wind energy market. These latest investments also take our operational asset base in Europe to over 300 MW."

About Nordex As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favor of large-scale turbines. The range comprises one of the world´s largest series-produced wind turbines (N80/N90/N100 2,500 kW). To date, over 1,000 turbines of this type have been installed around the world. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. Nordex has installed more than 3,900 turbines with an aggregate capacity of around 5,400 MW all around the world. With exports accounting for over 95 percent of its business, Nordex AG plays a key role in international high-growth regions. The Company has offices and subsidiaries in 18 countries around the world. The Group currently has 2,200 employees around the world.

About Allianz Specialised Investments As part of Allianz´s alternative asset investment activities, Allianz Specialised Investments is dedicated to the segment of renewable energy investments. Its aim is to build up a long-term portfolio in renewable energy sources, especially wind energy and solar PV.

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