Nordex Secures New Wind Project in German Home Market

Nordex secures a 28 MW wind project in Saxony-Anhalt with a 15-year service deal. Despite muted market reaction, the stock is up ~185% YTD ahead of key AGM.

The wind turbine manufacturer Nordex has announced a new contract for an onshore project within Germany. The order, however, was met with a muted response from investors in Tuesday's trading session.

Details of the Saxony-Anhalt Order

The contract, awarded by Nuscheler GmbH, involves the supply and installation of four N163/6.X wind turbines in the Saalekreis district. The agreement also includes a 15-year premium service package. Dubbed "Beesenstedt 3," the project will see three turbines mounted on towers with a hub height of 164 meters, while a fourth will use a 118-meter tower. With a total installed capacity of 28 megawatts, the wind farm is projected to generate enough electricity to power approximately 23,000 households.

Installation is scheduled for spring 2027, with full commissioning expected by summer of the same year.

A Growing Regional Market

This project underscores the increasing importance of the Saxony-Anhalt region for wind energy expansion. Official data shows that 59 new turbines with a combined 330.8 MW were installed there in 2025 alone. Looking ahead, plans are in place to add nearly 300 more turbines with a capacity close to 2 gigawatts by 2028, signaling sustained growth potential.

Upcoming AGM and Governance Changes

Alongside its operational developments, Nordex is preparing for its Ordinary Annual General Meeting on May 5, 2026. Key agenda items include a proposal to increase the size of the Supervisory Board from six to seven members. Several nominated candidates, such as Maria Isabel Blanco Alvarez and Juan Muro-Lara Girod, represent the company's major shareholder, Acciona, which holds a 47.08 percent stake. Shareholders will also vote on proposed capital measures and the introduction of electronic shares.

Market Performance Context

The announcement of the new order did little to move Nordex's share price significantly. The stock last traded at €44.12. While this price sits about 4.5 percent below the 52-week high of €46.18 reached in mid-March, the broader trend remains strongly positive.

On a year-to-date basis, Nordex shares have recorded a staggering gain of nearly 185 percent, driven by a substantial rally since hitting an April low of €14.20. The current share price remains comfortably above the 200-day moving average of €27.71, suggesting that the recent short-term hesitation among buyers has not yet disrupted the overarching upward trajectory.