German wind energy company Nordex today outlined its ambitions for a merger with Spain’s Acciona Windpower.

Nordex has already applied for antitrust clearance of the acquisition of Acciona. The German company believes that the deal would “establish a global player which is well positioned to face future market challenges”.Nordex wind turbine

Nordex chief executive Lars Bondo Krogsgaard said the two companies “are an ideal fit for each other. We complement each other in key areas and there is only little overlap. This will make the transformation of the two companies into a single group easier and allow it to bear fruit quickly.”

In a statement today at its Capital Markets Day in Frankfurt, Nordex said that “the overarching goal being pursued by the new and larger Nordex will be to achieve a substantial reduction in the cost of energy from wind power”.

“The cost of energy is to be lowered by 15-18 per cent by 2018 through more efficient turbines and reduced product costs.”