OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
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The maximum weekly production capacity <strong>of</strong> <strong>Nordex</strong> Energy GmbH currently amounts <strong>to</strong> 12-14<br />
megawatt wind turbines and 7-8 smaller wind turbines. Wind turbines for entire wind farms are<br />
produced in series at a production speed which is coordinated <strong>to</strong> the assembly speed <strong>of</strong> completed<br />
turbines at the construction site. Assembly <strong>of</strong> the individual wind turbines at the construction site takes<br />
three <strong>to</strong> four days. Producing the wind turbines in this manner enables the <strong>Nordex</strong> Gro<strong>up</strong> <strong>to</strong> avoid<br />
having <strong>to</strong> maintain an interim warehouse facility for fully assembled turbines and thus <strong>to</strong> save<br />
warehouse space and costs.<br />
The <strong>Nordex</strong> Gro<strong>up</strong> employed 401 people in its production activities as <strong>of</strong> December 31, 2000.<br />
<strong>Nordex</strong> pursues a strategy <strong>of</strong> having several s<strong>up</strong>pliers in order <strong>to</strong> ensure that required components are<br />
available at all times (see ‘‘—Cus<strong>to</strong>mers and s<strong>up</strong>pliers ‘‘). The majority <strong>of</strong> components are delivered justin-time<br />
<strong>to</strong> avoid unnecessary warehousing costs.<br />
As <strong>of</strong> February 20, 2001, the <strong>Nordex</strong> Gro<strong>up</strong> produced a <strong>to</strong>tal <strong>of</strong> 1,528 wind turbines. The <strong>to</strong>tal nominal<br />
output <strong>of</strong> these turbines amounts <strong>to</strong> approximately 1,013 megawatts.<br />
Services<br />
The <strong>Nordex</strong> Gro<strong>up</strong>’s aim is <strong>to</strong> cover the entire technical value chain with its products and services, from<br />
the identification <strong>of</strong> suitable sites and the planning <strong>of</strong> wind farms <strong>to</strong> their technical implementation. In<br />
addition <strong>to</strong> the production <strong>of</strong> wind turbines, this involves the provision <strong>of</strong> an extensive list <strong>of</strong> services<br />
such as:<br />
Planning <strong>of</strong> wind farm systems Planning wind farm systems includes identifying suitable sites,<br />
inspecting the sites, calculating capacity and sound levels, and<br />
analyzing safety and network capacity. These services are<br />
provided by NPV Planungs- & Vertriebsgesellschaft GmbH for<br />
<strong>Nordex</strong>.<br />
Development and technical<br />
design <strong>of</strong> wind farms<br />
The overall design process <strong>of</strong> a wind farm involves bringing<br />
<strong>to</strong>gether the individual turbines and electrical components in<strong>to</strong> a<br />
<strong>to</strong>tal solution while taking in<strong>to</strong> account safety and capacity<br />
fac<strong>to</strong>rs. These services are also provided by NPV Planungs- &<br />
Vertriebsgesellschaft mbH for <strong>Nordex</strong>.<br />
Construction <strong>of</strong> wind turbines The construction <strong>of</strong> wind turbines or entire wind farms is<br />
undertaken by the <strong>Nordex</strong> Gro<strong>up</strong>, with the exception <strong>of</strong> sitepreparation<br />
and foundation work. First the <strong>to</strong>wer is erected, after<br />
which the masts, nacelle and ro<strong>to</strong>r blades are positioned and<br />
assembled with the aid <strong>of</strong> cranes. The final steps are the<br />
installation <strong>of</strong> electrical components, grid connections and<br />
commissioning.<br />
Maintenance and service <strong>Nordex</strong> <strong>of</strong>fers maintenance services for its wind turbines, which<br />
include around-the-clock remote moni<strong>to</strong>ring and maintenance<br />
and repair <strong>of</strong> the units. <strong>Nordex</strong>’s full-service package currently<br />
includes a five-year guarantee on the wind turbine and five years<br />
<strong>of</strong> free maintenance including the cost <strong>of</strong> materials. The prices<br />
for these packages amount <strong>to</strong> between DM 16,000 (N-50) and<br />
DM 48,000 (N-80) per year.<br />
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