Nordex going strong in the US

The Nordex Group has signed two new contracts for PTC qualifying components corresponding to a value of nearly EUR 62 million (USD 65 million).

The manufacturer has secured one order from an IPP based in the US, which is featuring Safe Harbor components for turbines of the Delta platform. The second order was placed by a European utility and involves turbine components of the AW125/3000 platform.

According to the “safe harbour” terms, the orders qualify future projects placed in service by these customers until 2020 for a Production Tax Credit (PTC) of 2.3 cents per kWh. Execution of the projects is expected to take place mainly in 2018 and onwards. Their volume will equate to a multiple of the agreements that have now been signed.