NOBE (corporate name Nordecon Betoon OÜ), a Nordecon Group company entered into a contract with Nordex Lithuania GmbH for the construction of basements for 14 turbines in Mažeikiai Wind Farm to be installed in Lithuania close to the city Mažeikiai. The agreement includes both concrete and anchoring as well as ground works. The windfarm will have a total installed capacity of 63 MW. Nordex Lithuania GmbH, the contractor of NOBE is a subsidiary of the Nordex Group, a leading manufacturer of wind turbines. The value of the NOBE contract is close to 6 million euros plus value added tax and the construction works will be completed in January 2022. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Sweden, Finland and Ukraine. The parent of the Group is Nordecon AS, a company registered and lo
Lithuanian
We inform that on 17 February 2021 the Board of AB “Ignitis grupė” (hereinafter – Company) approved to issue a guarantee to Nordex Lithuania GmbH of up to 55.097m euros (hereinafter – Guarantee).
The Guarantee will guarantee that UAB “VVP Investment” (hereinafter – VVP), controlled by UAB “Ignitis renewables”, which is a subsidiary of the Company, will fulfil the obligations according to the 23 November 2020 agreement between VVP and Nordex Energy SE & Co. KG for wind turbine supply, construction and maintenance services provided for Mažeikiai wind farm (hereinafter – the Agreement) (more information
here). It must be noted that VVP, Nordex Energy SE & Co. KG and Nordex Lithuania GmbH concluded an agreement according to which Nordex Lithuania GmbH took over rights and obligations from Nordex Energy SE & Co.KG according to the Agreement from 12 January 2021.
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