The investment will help the German company to expand its share of the Chinese market for wind turbines to 15% by 2011, up from 3% at the end of 2006. Over the same period, Nordex will expand its Chinese workforce from 300 to 1,600.
Nordex targets Chinese utilities seeking suppliers for large-scale wind farms. Its high-output 1.5MW systems are ideally placed to meet the demand. This turbine is installed in around 500 locations around the world.
Thomas Richterich, CEO of Nordex, said: Nordex plans to turn China into a base for expansion around the region. The company was the first to set up local wind turbine production in 1998. Competition is keen in China but we expect to be able to achieve a market share of 15% by 2011. At the same time, Nordex China is to act as our bridgehead for our forays throughout all of Asia.
Technical reliability is becoming an increasing important issue in China as the demand for electricity is enormous. Needless to say, China is seeking to build up local production activities and import expertise. This is why our expansion plans in China are so important.
