Nordex Wins Order From Tata Venture for South African Wind Farm
Nordex SE (NDX1), a German turbine maker, won an order to supply a 134.4-megawatt South African wind farm developed by Cennergi (Pty) Ltd., a venture of Tata Power Co.
Nordex will start construction at the wind farm south of Bedford, in the nation’s Eastern Cape, in the third quarter of 2014, the Hamburg-based turbine maker said in a statement on its website. The facility should be operating by June 2016 and the company’s contract includes a 10-year service agreement.
South Africa plans to add 3,725 megawatts of renewable-energy capacity by the end of 2016 with a program of five tenders to help curb its reliance on coal for electricity. The country is targeting an additional 3,200 megawatts by the end of the decade, with more than a third of that from wind power.
Cennergi is owned equally by Tata and Exxaro Resources Ltd. (EXX), a South African coal producer. The companies on June 12 won 7 billion rand ($709 million) for two wind farms including the Bedford project from Standard Bank Group Ltd. (SBK), Nedbank Group Ltd. (NED)’s Nedbank Capital unit, and International Finance Corp.
To contact the reporter on this story: Louise Downing in London at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com