The Nordex Group has successfully concluded a new ESG-linked syndicated Multi-Currency Guarantee Facility totaling EUR 2,475 million, replacing its existing financing framework. The facility, which carries a five-year maturity through 2031, offers improved terms including a material reduction in interest rates on a like-for-like basis, according to a company announcement.
The financing was arranged with support from three leading international banks: Commerzbank Aktiengesellschaft (also acting as Bookrunner and Facility Agent), Intesa Sanpaolo - IMI CIB Division (also acting as Global Coordinator, Bookrunner and Sustainability Coordinator), and UniCredit Bank GmbH (also acting as Bookrunner, Documentation Agent and Process Coordinating Agent). A total of 15 financial institutions provided commitments. Legal advisors Freshfields and Clifford Chance supported the transaction.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, stated: “We’ve been on a journey as an institution for the last 5 years. After a complete reset of the balance sheet to a solid level, a full business turnaround to industrial levels with achievement of our mid-term goals; the refinancing marks the completion of the turnaround of the company on a holistic level. The successful refinancing of our ESG-linked syndicated Multi-Currency Guarantee Facility has secured us a strong and reliable framework for the coming years. This facility enhances our financial flexibility, enabling us to support customers in the relevant regions by helping our sales teams convert opportunities into orders and executing our order backlog with discipline.” He added, “The increased volume and improved conditions also reflect the confidence of our banking partners in Nordex’s business development and long-term prospects.”
Guarantee facilities are critical in the wind energy industry, used to provide guarantees for customer projects and other contractual obligations across many markets. The Nordex Group, which has commissioned over 64 GW of wind power capacity in more than 40 markets since 1985, reported consolidated sales of approximately EUR 7.6 billion in 2025. The company employs over 11,100 people and operates factories in Germany, Spain, Brazil, India, and the USA.
The new facility provides the company with a larger, more flexible, and cost-efficient financing framework, supporting its product portfolio focused on onshore turbines in the 4 to 7 MW+ classes. The ESG-linked nature of the facility aligns with sustainability objectives, further integrating environmental, social, and governance criteria into the group's financing strategy.
