Bloomberg News

Nordex Jumps on South African Wind Farm Order: Frankfurt Mover

November 27, 2012

Nordex SE (NDX1) surged the most in two weeks in Frankfurt trading after the German wind turbine maker won an order to build an 80-megawatt power plant in South Africa.

Nordex rose as much as 6.5 percent, the steepest intraday gain since Nov. 13, after it said in a statement it will install 32 of its 2.5-megawatt machines at the Red Cap Kouga project.

Nordex will provide road access, lay cables and erect a transformer station from April, the Hamburg-based company said. The plant, to be operated by Red Cap Kouga Wind Farm Pty, will begin producing power in 2014, Nordex said, without valuing the order.

The shares were 3.4 percent higher at 3.079 euros as of 1:01 p.m. local time.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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