Nordex Secures Over Half a Gigawatt in New Orders During March

Nordex reports a major March order intake of over 522 MW in Germany, led by wpd and repowering deals, providing clear production visibility into 2027 and boosting investor confidence.

The wind turbine manufacturer Nordex reported a significant surge in order intake for the month of March, with new contracts totaling more than 522 megawatts (MW) secured within its home German market. This substantial volume, spread across multiple projects and clients, provides clear visibility for production planning well into 2027.

A Detailed Look at the Order Book

The single largest contributor to this monthly total was long-standing customer wpd, which placed orders for 40 turbines across nine separate German projects. This bundle represents a combined capacity of 279.2 MW. Further strengthening the pipeline, Nordex won two repowering contracts for the Fehmarn-Mitte I and II wind parks. Here, 24 of the company's N163/5.X turbines will be installed, delivering 136.8 MW of capacity and replacing older models with more powerful technology.

Additional orders included one from project developer Prowind, based in Osnabrück, for eight N175/6.X turbines destined for sites in Lower Saxony and North Rhine-Westphalia. Qualitas Energy commissioned a 56 MW park, while another client ordered a 49 MW community wind farm in NRW. Notably, all installations are scheduled for 2027, and the agreements include long-term service and maintenance packages—extending to 20 years in the case of Prowind—which secure predictable future revenue streams for Nordex.

Strategic Positioning in a Key Market Trend

The Fehmarn repowering deal underscores a structural shift in the German wind energy sector. With available land for new greenfield projects increasingly scarce, upgrading existing sites with modern, higher-output turbines has become a crucial growth segment. Nordex is leveraging its portfolio of high-performance turbines featuring substantial hub heights to capitalize on this trend. For instance, the Prowind order specifies the use of hybrid towers reaching 179 meters, a design that enhances energy yield and makes locations with lower wind resources more economically viable.

Share Performance Reflects Renewed Market Confidence

This operational momentum coincides with a dramatic re-rating of Nordex shares by the market over the past year. From a low near €14.20 in April of the prior year, the equity has climbed approximately 174% to recent levels around €44.88. The current share price sits well above the 200-day moving average of €27.17, signaling a sustained shift in investor sentiment. The robust order intake in March, particularly the volume scheduled for 2027, establishes a solid foundation for the company’s manufacturing utilization and medium-term financial outlook.