The Nordex Group reported a significant increase in order intake for the third quarter of 2026, with 2,810 MW of orders in its Projects segment, excluding Service business. This represents a 29.5 percent rise compared to the same period last year, when intake was 2,170 MW. The performance underscores the company's growing momentum in the global wind energy market and suggests robust demand for its onshore turbines.
For the first nine months of 2026, order intake totaled 7,733 MW, up 16.1 percent from 6,661 MW in the prior-year period. This steady growth reflects Nordex's ability to capitalize on favorable market conditions and expand its international presence. The average sales price (ASP) remained relatively stable at EUR 0.90 million per MW in Q3 2026, compared to EUR 0.93 million per MW a year earlier, and EUR 0.93 million per MW for the nine-month period. The company attributes minor fluctuations to project scope and regional mix effects rather than pricing pressures.
Between July and September, customers ordered 427 wind turbines for projects across 10 countries. Türkiye emerged as the strongest individual market, with more than 900 MW ordered, followed by Germany and the US. The US market alone has booked over 1.3 GW year-to-date. CEO José Luis Blanco commented, “Our order intake is becoming more globally diversified, and the third quarter confirms this. Türkiye led with more than 900 MW, and in the US we have now booked more than 1.3 GW year to date. We expect the international share to keep growing as we convert our pipeline in the coming quarters, while order momentum in Europe and Germany remains strong.”
The implications of this announcement extend beyond Nordex's immediate financials. The company's ability to secure orders across diverse geographies—particularly in Türkiye and the US—demonstrates resilience amid shifting energy policies and supply chain challenges. It also signals that demand for onshore wind turbines remains robust, especially in regions with limited space and constrained grid capacity, where Nordex's 4 to 7 MW+ class turbines are designed to excel. The stable pricing environment further indicates that the market is not experiencing aggressive price competition, which could support healthier margins for manufacturers.
Investors and industry analysts will likely view this as a positive indicator for the renewable energy sector, especially as governments worldwide push for decarbonization. Nordex's expanding order book provides visibility into future revenue and reinforces its position as a key player in the onshore wind market. With more than 64 GW of wind power capacity commissioned across over 40 markets since 1985, and consolidated sales of around EUR 7.6 billion in 2025, the company has a solid track record. Its manufacturing network spans Germany, Spain, Brazil, India, the US, and Türkiye, enabling it to serve diverse markets efficiently.
As Nordex continues to convert its pipeline, the international share of its order intake is expected to rise, potentially reducing reliance on any single region. This diversification strategy could mitigate risks associated with regional economic downturns or policy changes. For the broader wind energy industry, Nordex's performance may serve as a bellwether for recovering demand after a period of volatility. The original release is available on www.newmediawire.com, and further information can be found at NEWMEDIAWIRE.
