Nordex SE has signed a contract to acquire a roughly 40% stake in the project company which is developing the “Arcadis Ost 1” offshore wind farm.
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The planned site is located within the 12 nautical mile zone of the German part of the Baltic Sea 17 kilometers North East of the island “Rügen” at a water depth of around 40 meters. In the preliminary construction phase, around 70 turbines with a combined capacity of at least 300MW are to be installed at the site. Construction of the first turbines is planned for 2014. In this connection, the shareholders assume that permits will be awarded in 2011. The planned area has been zoned as a suitable maritime region and the preparatory work on the application process has reached an advanced stage. Nordex started work last year on developing a new multimegawatt turbine for offshore deployment. The majority shareholder in the project company is WV Energie AG, a 50% subsidiary of Wintershall AG. The remaining 50% of WV Energie AG are owned by more than 200 German utilities. The transaction is still subject to approval by several bodies, particularly the responsible anti-trust authorities and supervisory boards.
