updated 3/22/2011 8:17:42 AM ET 2011-03-22T12:17:42

CHICAGO, March 22, 2011 (GLOBE NEWSWIRE) -- Nordex USA Inc. has entered into a joint venture with Beebe Community Wind Farm LLC, a Michigan project developer, for the co-development and construction of a wind farm in Gratiot County, Michigan.

The project was initiated in 2007 by local resident Mark Hull, Principal of Beebe Community Wind Farm LLC. Hull brought on Nordex last year to support project development as well as to supply 125 of Nordex' new N117-2.4 MW turbines, which are designed specifically for low wind sites and are derived from the established Nordex 2.5 MW class. The N117 boasts the longest rotor blade in its category, resulting in an average 15% yield increase over previous products. The turbines will be manufactured at Nordex' recently constructed plant in Jonesboro, Arkansas. 

"We were initially interested in Nordex' turbine technology for our class-3 wind site," said Hull, "but including them in the project team has considerably accelerated our development efforts. Wind projects require specialized expertise in several complex areas, so having Nordex on our side has been a true asset."

The partnership expands Nordex' track record for robust customer support offerings to the United States. "As a turbine manufacturer, we consider it important not only to provide reliable and efficient turbines, but also to support our customers in the course of project development," said Ralf Sigrist, President and CEO of Nordex USA. "Nordex has added value to developers in Europe through such partnerships for almost 10 years, and we are happy to bring this service now to our US customers."

The Beebe Community Wind Farm takes a community-based approach that spreads economic benefit among local land owners through land leasing arrangements and to the greater community through tax revenue. More than 20,000 acres of land have been leased. The project has interconnection positions on a 345 kV line, and has been granted its Special Use Permit from the county. Wind has been measured on the site for more than two years with met towers and SODARs, and continued environmental studies support the project's feasibility. Power sale discussions are ongoing with several potential off-takers. The start of phase one construction is targeted for 2012, with further phases slated for 2013 and 2014. 

Nordex has both completed and planned installations in several states, including Minnesota, Pennsylvania, Wisconsin, Maryland, Iowa, Idaho and Colorado. The Arkansas facility will fill all future orders, shipping turbines to wind farms around the country. For more information, please see www.nordex-online.com .

The Nordex USA logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6418

CONTACT: Press Contacts:
         Nordex SE - International media contact
         Ralf Peters
         Corporate Communications + Investor Relations
         phone: +49 (40) 30030-1522
         cell: +49 (173) 5239719
         email: rpeters@nordex-online.com
         Nordex USA, Inc. - US media contact
         Felice Ahn
         CNC - Communications & Network Consulting
         phone: +1 (212) 207-3182
         cell: +1 (917) 916-6468
         email: felice.ahn@cnc-communications.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com