Turkish Forum

Tag: Nordex

  • Nordex to supply 125MW in Turkey

    Nordex to supply 125MW in Turkey

     

    Nordex has signed deals to supply and service 125MW across four wind farms in Turkey.

    The German manufacturer will sell 38 of its N100 2.5MW turbines to Eksim Holding with the Hasanbeyli wind farm in eastern Turkey, close to the town of Osmaniye, getting 20. The remaining 18 will be installed at a project close to Silivri, near Istanbul, and both schemes are slated to be grid-connected by the autumn.

    Elsewhere, Nordex is supplying repeat customer Dost Enerji  with 12 of its N90 2.5MW turbines. One will be added to the Yuntdag wind farm to the north of Izmir which marked Nordex’s first foray into the Turkish market in 2007 and currently features 23 of its machines. The remaining 11 turbines will be installed at the Geres wind farm near Yuntdag.

    Nordex management board member Lars Bondo Krogsgaard said: “We are delighted our long-standing customers Dost Enerji and Eksim Holding have again opted for Nordex turbines. As well as this, it testifies to two superb partnerships in the Turkish wind power market, which is characterised by strong growth potential and excellent wind conditions.”

    Eksim Holding coordinator of renewable energy Dr Ruchan Hamamci said: “We are operating wind farms with a capacity of 140MW and will be adding a further 95MW to this with our Hasanbeyli and Silivri wind farms. Nordex has supplied us with reliable and efficient wind power systems allowing us to come closer to reaching our goal from day to day.”

    Image: Eskim Holding is taking 38 N100 turbines (Nordex)

  • Germany Guarantees BayernLB Loan for Nordex Turbines in Turkey

    Germany Guarantees BayernLB Loan for Nordex Turbines in Turkey

    The German government will guarantee a 39 million euro ($51 million) loan to a Turkish wind developer that’s buying turbines from Nordex SE (NDX1) in an effort to boost exports.

    Bayerische Landesbank (BLGZ), or BayernLB, is providing the loan to Bilgin Enerji Yatirim Holding AS to buy 20 Nordex turbines for a wind farm near Izmir, in western Turkey, according to an e-mailed statement from Euler Hermes Kreditversicherungs AG (HKV), the credit insurer owned by Allianz SE that’s handling the state guarantee.

    The guarantee will protect BayernLB against the risk of default during the loan’s 10-year period, according to Ruth Bartonek, a spokeswoman at Euler Hermes. The German government will pay 95 percent of the loan if the Ankara-based developer defaults, she said.

    “The financing of projects during the financial crisis becomes more difficult, especially for small and medium-sized companies,” she said today by e-mail.

    Germany and Denmark are among the nations supporting exports from their renewable-energy industries. Euler Hermes, based in Hamburg, also insured loans to buy wind turbines made by Germany’s Repower Systems SE for the Thornton Bank wind farm offshore Belgium.

    Eksport Kredit Fonden, a Copenhagen-based lender, guaranteed loans for equipment for the London Array offshore plant planned by Danish utility Dong Energy A/S, Germany’s EON AG and Abu Dhabi’s Masdar.

    The Zeytineli wind project is expected to be operational by September 2013, according to the statement.

    To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

    via Germany Guarantees BayernLB Loan for Nordex Turbines in Turkey – Bloomberg.