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.
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