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

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