The Nordex Group has successfully placed a promissory note, or “Schuldscheindarlehen” worth EUR 550 million with national and international investors. The banking syndicate comprises Bayerische Landesbank, BNP Paribas, Commerzbank, HSBC and UniCredit. Nordex will be using the proceeds of the issue primarily to finance the acquisition of Acciona Windpower, meaning that this transaction is funded on…
Nordex to finalize merger with Acciona Windpower in early April and hits new sales record
Nordex will be adding a new chapter to its history following the merger with turbine developer and O&M provider, Acciona Windpower. Antitrust clearance was received and the transaction is set to be legally and commercially finalized at the beginning of April. Based on the already published order backlog, Nordex and Acciona Windpower are jointly seeking sales…
Nordex increases shares in France’s wind-power market
Nordex Group has improved its position in the growing French wind-power market. With an output of around 155 MW of newly installed turbines, Nordex has increased its market share from 9% in 2014 to 14% in 2015. Overall in 2015, the new wind capacity in the onshore sector in France increased to 1,073 MW. This…
Nordex gains market share in Germany
In 2015, the Nordex Group outdid its previous installation record in Germany. Bucking the trend in the sector, the manufacturer increased the number of wind turbine installations to 437 MW (2014: 412 MW). This means Nordex improved its market share from 8.7 to almost 12%. In international terms, Nordex stepped up its output to around 1,700…
Nordex successfully installs first N131 3.3-MW turbine
Nordex installed the first N131/3300 turbine in Germany, four months after the unveiling of the up-graded model. The low-wind turbine was especially designed for inland sites. The first was installed ahead of schedule at the Krampfer Wind Farm in Brandenburg for project developer, VOSS Energy GmbH. Originally six turbines were planned for this site with a delivery date…
Nordex secures five-year credit line for future wind growth
Nordex SE is laying the foundations for the future wind-power growth. The company has agreed with 14 national and international banking partners on a new syndicated guarantee facility tailored to meet the requirements of its future growth plans. With a value of EUR 950 million, the new credit line has a five-year term. “In selecting the…
Nordex aims for profitable growth with Acciona Windpower
Nordex SE recently presented its medium-term strategic targets for the period through 2018. These plans are based on the assumption that it will be able to merge its operating business with that of Acciona Windpower (AWP) at the beginning of 2016. Nordex has already applied for anti-trust clearance of the acquisition of AWP. By pooling…
ACCIONA Windpower and Nordex join forces to create a major player in the wind industry
ACCIONA Windpower and Nordex are joining forces to create a major new player in the wind industry. Nordex, a listed German wind turbine manufacturer headquartered in Hamburg, with a market capitalization of €2 billion, will acquire ACCIONA Windpower from ACCIONA S.A., a global renewable energy and infrastructure group. The transaction is valued at €785m, payable in…
Nordex to unveil light-wind N131/3300 turbine
In a fitting move for “Husum Wind,” the wind industry exhibition taking place this week in Hamburg, Germany (September 15-18), Nordex SE will present its light-wind N131/3300 turbine. The N131/3300 is a new version of the N131/3000 from the Generation Delta range. With a rotor diameter of 131 meters and nominal output 10% higher than…
Nordex turbines selected for 50-MW Pakistan project
Nordex SE has obtained another order in Pakistan. The manufacturer is supplying 20 N100/2500 turbines with a total capacity of 50 megawatts (MW) for the Gul Ahmed wind farm. The owner of this project is a new customer, Gul Ahmed Wind Power Limited, a subsidiary of Gul Ahmed Energy Limited. The wind farm is situated…
Nordex awarded new contracts for a total of 55 MW in Turkey
Nordex strengthens again its role in Turkey. It will be installing 19 Generation Gamma turbines N117/2400 for its new customer ARE Elektrik in the wind farm “Kurtkayasi.” For ARE Elektrik this is the first wind energy project. Since its foundation in 2009 the company has so far concentrated on hydroelectric power plants. Kurtkayasi is located…
Kouga Wind Farm powers up 80 MW of green energy
Nordex Energy South Africa has successfully completed a second wind farm in the Eastern Cape. The Kouga Wind Farm has been connected to the National Electricity Grid, supplying 80 MW of green energy. Kouga Wind Farm, which was one of the first projects selected in round one of the Renewable Energy Independent Power Producers Procurement…
Nordex sales up by 17% with some decline in the Americas
The Nordex Group posted a 17% increase in sales to EUR 496.5 million in the first quarter of the current year (Q1/2014: EUR 424.5 million). This growth was materially driven by business in EMEA (Europe/Africa), whereas sales in the Americas and in Asia declined. The sharp overall increase in activity is reflected in the 44.2%…
Nordex awarded two contracts for a total of 100 MW
Nordex SE has again received two orders for a turnkey installation of wind farms in Pakistan, which will be delivering a total of 40, N100/2500 turbines to the province of Sindh. In view of the high-ambient temperature conditions at the site, hot climate versions of the turbines designed to operate in temperatures of up to…
Nordex awarded 111-MW project in South Africa
Nordex SE is broadening its market position in South Africa with the award of a firmly financed order for a 111 megawatts (MW) of wind power. The turnkey project, located in the south of the country, will have 37 N117/3000 turbines, making it the first one in South Africa to be fitted with Generation Delta…
Nordex targets profitable double-digit growth in 2015
On the basis of its audited consolidated financial statements which have now been released, Nordex confirms the preliminary figures for 2014 reported in February. According to these figures, the group increased its sales by some 21% to EUR 1,734.5 million in 2014 (2013: EUR 1,429.3 million), with earnings before interest and taxes rising by 76%…
Nordex signs another 26 contracts for the N131/3000 turbine this year
In the first few weeks of the year, Nordex SE has been registering further growth in demand for the Generation Delta N131/3000 light-wind turbine. Customers from Finland and Germany have placed firm orders for a total of 26 units comprising in total 78-megawatt (MW) capacity of the latest Nordex product. Finnish asset management company Taaleritehdas…
Nordex continues double-digit growth, significantly increasing consolidated net profit
According to preliminary figures, the Nordex Group increased its sales by some 21% in 2014 to EUR 1,734.5 million (2013: EUR 1,429.3). Nordex has, therefore, reached the upper end of the guidance range, which the Management Board had most recently revised upwards in November 2014. With a margin of 4.5%, EBIT also matched the Company’s…
Report tells of wind-power market and industry analysis, forecasts to 2020
ReportsnReports.com has added Global Wind Turbine Value Chain – Production, Market Share, Competitive Landscape and Market Size to 2020, an industry research report of 114 pages to the energy and power section of its online business intelligence library. Single user license: $3,995. According to this wind power market and wind turbine industry report, more blades…
Nordex supplies seven turbines for wind project in Poland
RWE Innogy recently ordered seven N117/2400 wind turbines from Nordex for the 17-MW Opalenica project in Poland. The wind turbines are to be installed in summer 2015. The company has also signed a 15-year premium service contract for the turbines. The Opalenica project is located in the Poznan region. RWE opted for the N117/2400 as…