Published on April 8th, 2015 | by Mridul Chadha0
Nordex Wins 111 MW Wind Turbine Order From Enel Green Power
April 8th, 2015 by Mridul Chadha
German wind turbine manufacturer Nordex has secured an order to supply wind turbines to a project by Enel Green Power in South Africa.
Nordex will supply 37 N117/3000 wind turbines to the 111 MW project by Enel Green Power at Gibson Bay in Eastern Cape province. According the Nordex, the project will be the first in South Africa to be fitted with generation delta turbines which will generate more electricity compared to other turbines. The turbines can give a capacity factor of 43%, which is higher compared to the average achieved by other turbines.
The Gibson Bay project was won by Enel during the third round of Renewable Energy Independent Power Producer Procurement Programme (REIPPP) auctions. The company secured rights to develop 2 wind energy projects, with a total capacity of 199 MW, and 4 solar power projects, of total capacity 314 MW. Enel Green Power secured a $170 million loan from Germany’s KfW IPEX bank recently for the development of the Gibson Bay wind energy project.
The debt finance has been divided into 2 credit lines, maturing in 7 years and 17 years. The order for Nordex may be linked to this financing deal. Such arrangements are common when development banks of a country provide debt finance at less than market rates.
This will be the fourth wind energy project auctioned under the REIPPPP to have wind turbines supplied by Nordex. Other projects with Nordex turbines are the 100 MW Dorper project, the 134.4 MW Amakhala project, and the 80 MW Kouga project. All these projects were allocated in the first round of the REIPPPP auctions. Thus, Nordex enjoys a 20% share in the 1,983 MW wind energy capacity auctioned during the 3 rounds.
Project developers are currently awaiting clarity on the fourth round auction under the REIPPP, as the power utility Eskom is facing difficulty providing grid connectivity to project developers.
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