DGAP-News: Nordex SE SE
/ Key word(s): Disposal
Nordex SE Group announces potential sale of its 2.7 GW European project development pipeline to RWE AG
In total, the planned transaction includes a project pipeline with a volume of 2.7 GW. With around 1.8 GW, the focus is on wind energy projects of various stages of maturity in France. The portfolio in France also includes a pipeline of 0.1 GW of solar PV projects. The Nordex SE Group as potential seller and RWE AG have signed the respective put option agreement. The purchase price is approx. EUR 402.5 million. "The quality of the underlying assets and our consistent development track record have resulted in a strong interest for our project development pipeline from multiple market participants crystallising an excellent outcome for Nordex SE . We are grateful to our project development team for delivering this outcome and we have every confidence it will continue its success story with RWE AG", comments José Luis Blanco, CEO of the Nordex SE Group, on this important milestone. "Significant proceeds from this transaction would strengthen our balance sheet as we continue to build on our strong order book and capture market opportunities with our Delta 4000 product portfolio," he adds. As a part of its value chain offering in some markets, the Nordex SE Group develops its own portfolio of wind farm projects. Projects are then sold on to customers or investors. Under attractive market conditions, the Nordex SE Group has already sold parts of its project development portfolio in the past. The Nordex SE Group will continue with its wind developments in its other markets. Prior to execution of the transaction, a customary consultation process with the staff council in France is to be conducted. Closing of the transaction would further require foreign investment clearances of the competent authorities in France and completion of customary spin-off processes, as required for the transaction. It is expected that closing could occur in Q4 2020. Rothschild & Co acted as an exclusive financial adviser to Nordex SE . The Nordex SE Group - a profile
Contact for investors: Nordex SE SE
03.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Nordex SE SE |
Erich-Schlesinger-Straße 50 | |
18059 Rostock | |
Germany | |
Phone: | +49 381 6663 3300 |
Fax: | +49 381 6663 3339 |
E-mail: | info@nordex-online.com |
Internet: | www.nordex-online.com |
ISIN: | DE000A0D6554 |
WKN: | A0D655 |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1107977 |
End of News | DGAP News Service |