OFFERING MEMORANDUM Global Offering of up to ... - Nordex

The following table illustrates newly installed megawatt capacity in selected countries and regions from
1997 to 1999 and in 2000:
Total installed
megawatt Newly installed
Newly installed megawatt capacity
capacity to end
1999
megawatt
capacity (1)
Country/Region Year Year Year
1997 1998 1999 1999 2000
Germany 533 793 1,568 4,442 1,665
United States 29 577 477 2,445 N/A
Spain 262 368 932 1,812 1,100
Denmark 285 310 325 1,738 600
India 120 82 43 1,035 N/A
UK 55 10 24 362 N/A
China 67 54 25 262 N/A
Greece 0 26 103 158 N/A
Portugal 20 13 10 61 N/A
France 8 8 4 25 N/A
Turkey N/A 9 0 9 N/A
Europe (total) 1,318 1,766 3,192 9,737 N/A
Asia (total) 196 147 115 1,376 N/A
American continent (total) 43 658 548 2,667 N/A
(Source: BTM Consult ApS – March 2000)
(1) Provisional figures from an as yet unpublished study by BTM Consult ApS relating to 2000
According to the provisional figures from the as yet unpublished draft study relating to 2000 currently
being prepared by BTM Consult ApS, Germany, Spain and Denmark were in 2000 once again the most
important global markets, accounting for approximately 80% of total megawatt capacity installed in
2000. BTM Consult ApS forecasts that newly installed megawatt capacity in the United States in 2000
will prove to have been significantly lower than in the previous year (source: BTM Consult ApS –
February 2001 (draft)).
Total megawatt capacity installed worldwide up to the end of 1999 was 13,932 megawatts (prior year:
10,153 megawatts), distributed across a total of 43,545 wind turbines (prior year: approximately 38,761
wind turbines) at the end of 1999, corresponding to an average capacity per wind turbine installed
worldwide in 1999 of approximately 320 kW (prior year: c. 262 kW) (source: BTM Consult ApS – March
2000).
A comparison of total installed kilowatt capacity to total installed turbines shows on the one hand that
the average capacity of wind turbines installed has increased significantly in recent years, but also that
there are considerable country-specific differences with regard to the size of turbines installed.
Whereas in Germany the average capacity of all wind turbines operated increased from an average of
623 kW in 1997 to 919 kW in 1999, the average capacity in Spain increased only from 422 kW in 1997
to 589 kW in 1999 (source: BTM Consult ApS – March 2000).
The following table illustrates the development of the average nominal output of installed wind
turbines in selected countries:
Development of average nominal output
(per turbine) in kW
Country Year
1997 1998 1999
Germany 623 783 919
Sweden 550 590 775
Denmark 560 687 750
United States 707 723 720
UK 514 615 617
Spain 422 504 589
(Source: BTM Consult ApS – March 2000)
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