May 30 (Renewables Now) - German wind turbine maker Nordex (ETR:NDX1) will invest about BRL 60 million (USD 15m/EUR 13.6m) to establish a new production line in Brazil for models with a capacity of up to 5.5 MW, a company executive told Reuters on Wednesday.
The annual production capacity for the new line will be between 600 MW and 700 MW, with the delivery of the first models scheduled for mid 2021.
Dubbed 5X, the turbine platform is already being offered to local clients with the intention of participating in auctions already confirmed for this year, the company's director for Brazil, Felipe Ramalho, said.
The new models will align with the local content requirements set by the National Development Bank (BNDES), enabling customers to make use of financing provided by the state bank.
Nordex will also offer customers the option to import the same turbines from its other factories.
(BRL 1 = USD 0.25/EUR 0.23)