EANS-News: Nordex AG / Nordex to begin building plant in Jonesboro, Arkansas

• Construction to begin this week, with production slated for 2010
•
Investment of $100 million will create 700 direct jobs
• USA will be
the world’s single largest market for wind power in 2010

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capital investment

Jonesboro / Chicago (euro adhoc) - Nordex USA, Inc., a leading
manufacturer of wind turbines, today announced that it will begin
construction this week on its first US manufacturing plant in
Jonesboro, Arkansas. The announcement comes after a decision by the
supervisory board of the parent company, Nordex AG.

"After much careful planning, we are eager to break ground and make
the plant a reality," said Ralf Sigrist, President and CEO of Nordex
USA, which is headquartered in Chicago. "The plant is critical to our
goal of generating 20% of global revenue in the US, and I must say I
am extremely pleased that construction will begin on schedule."

The US is on track to be the world´s single largest wind market in
2010, with 8,500 megawatts of new capacity projected. Globally, that
represents 23% of expected new capacity. The Arkansas plant will
position Nordex to be a key competitor in the US, building on its
growth of over 50% for four consecutive years. "The US is hungry for
wind power," said Mr. Sigrist, "and Jonesboro will supply it with the
highest-quality turbines in the world."

Construction will take place in two phases, beginning with the
nacelle assembly plant and followed by a rotor blade manufacturing
facility at the same location. Nacelle assembly will begin ramping up
in the second half of 2010, operating at full scale by 2012 with an
annual production capacity of 300 turbines, or 750 megawatts. The
entire facility, including rotor blade production, will be fully
operational by 2014.

The nacelle plant will be built on 187 acres in the Craighead
Technology Park and will have 115,000 square feet of production
space, 10,000 square feet for a Training Academy and 35,000 square
feet of office space.

An official ceremony will take place in September to celebrate the
groundbreaking and construction.

Building a new industry and new skills

The plant represents a total investment of $100 million, with about
$40 million allocated to the nacelle plant and the remainder to the
rotor blade facility. It will directly employ up to 700 skilled
workers and other staff by 2014.

"In a time when our economy has slowed, it´s gratifying to see the
creation of high-paying jobs in the clean-energy sector," Arkansas
Governor Mike Beebe said. "In Arkansas, jobs in clean-energy
industries are outpacing the overall job market, and Nordex is
helping to drive that."

Additional jobs will be created through the contracting of services.
For example, Nordex has hired the construction firm, H&M Company,
Inc. of Jackson, Tennessee, which will dedicate between 250 and 300
workers to the construction project. In addition, Nordex aims to
completely localize its suppliers within the next three to four
years, as the wind industry matures, which will further stimulate
domestic manufacturing.

"There´s no doubt we´ve seen a surge of interest among wind industry
players in Northeastern Arkansas since Nordex announced it would
build here last October," said Mark Young, President and CEO of the
Jonesboro Regional Chamber of Commerce, with whom Nordex has worked
closely on site selection.

Because turbine manufacturing and assembly require specialized
skills, Nordex is readying plans to train up a workforce through an
on-site training academy, as well as a partnership with Arkansas
State University.

"The wind industry is fairly young in the US, so we have to train
people from the ground up," said Joe Brenner, Vice President of
Production for Nordex USA. "Making turbines requires specialized
skills. It´s not just a $100 million facility. It´s a new industry,
and the most important resource we can put time and money into is our
people."

For the state of Arkansas, Nordex believes wind power will play an
increasingly significant role. "We want to demonstrate that wind is
not only a job engine but also a viable energy source for Arkansas,"
said Mr. Sigrist. "We are confident that what makes environmental
and, in particular, economic sense will gain broad acceptance among
policy makers and constituents, and that a national Renewable Energy
Standard will be adopted to direct energy policy into the right
direction."

Large-scale leader

The Jonesboro operation will be an original equipment manufacturer
(OEM) producing one of the largest classes of wind turbines in the
world, the 2.5 me-gawatt N90 and N100. In the US, each of these
utility-scale turbines is capable of generating enough renewable
energy to power about 700 homes. Nordex was the first manufacturer to
build a turbine this large in 2000 and has the longest track record
for reliability in the class.

"In our business, experience means reliability, and reliability is
everything for electricity," said Thomas Richterich, CEO of Nordex
AG. "Quality is the main driver of our lightning growth of over 50%
year over year."

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Ralf Peters

Head of Corporate Communication

Tel.: +49 (0)40 300 30 15 22

rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
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