ROSTOCK (dpa-AFX) - Nordex SE (NRDXF.PK) announced expansion of business in Eastern Europe.
The company said it believes in the growth potential of wind energy in Eastern Europe. Nordex added that at present, business in Romania is also moving forward for the turbine manufacturer. In 2011, the company got the first two orders for a total of 20 megawatts. Besides, it projects a growing demand for wind investments from Poland and Bulgaria.
CSO Lars Bondo Krogsgaard, stated, 'Our target is to achieve a significant market share. The first projects are providing us with important experience for this. Being confident of the good prospects of the Romanian renewable energy market, we plan to set up a branch in the coming months.'
Nordex noted that apart from Romania, the company is mainly focusing on Poland. Nordex Polska has connected 93 megawatts to the grid. The company added that a further 50 megawatts will be installed by the end of 2011. In future, the company expects to supply Poland with more than 100 megawatts a year.
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