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Nordex Reports Flood of Orders at The End of The Year - Share Leads RENIXX Ranking

Hamburg, Germany - The wind turbine manufacturer Nordex has received numerous orders at the end of the year. Following orders from Sweden and Spain in the previous week, Nordex reported major orders from Germany and Scotland this week. In a rather weak stock market environment, the Nordex share is at the top of the RENIXX.

Immediately after the turn of the year, Nordex announced the award of major contracts with a volume of over 550 MW from Sweden and 106 MW from Spain. This week, the flood of orders continues with reports of large orders from Germany totalling more than 300 MW and from Scotland with just under 150 MW.

UKA orders turbines with a total capacity of 197 MW - order is based on a framework agreement

Nordex was awarded orders totalling 197.1 MW by the UKA Group, one of the leading project developers, in December 2023. Under the agreement, Nordex will supply 32 turbines from the Delta4000 series for seven wind energy projects in various regions of Germany, including Mecklenburg-Western Pomerania, Saxony-Anhalt, Schleswig-Holstein and North Rhine-Westphalia. Nordex will also be responsible for servicing the turbines for 20 years following their successive commissioning. UKA has ordered turbines of various types for the projects: N133/4800, N149/5.X, N163/5.X and N163/6.X.

The order intake is attributable to a medium-term framework agreement between Nordex and UKA, which was only extended in November 2023. Within the term of the agreement, UKA is aiming to place binding orders with Nordex for wind turbines with a capacity of up to 1,000 MW for further projects in Germany that are already in the approval process.

"Nordex' turbine technology, which has been continuously developed over the past few years on the tried-and-tested Delta platform, stands for quality, high availability and reliable power generation. This deal shows that the industry is in the starting blocks – now it is the turn of the authorities to significantly speed up the approval procedures for wind farms," comments UKA Managing Partner Gernot Gauglitz on the orders.

"Our goal is to always offer our customers the best technological solutions for their renewable energy projects. We are therefore proud to once again support UKA in driving forward the energy transition in Germany," says Felipe Villalon Waldburg-Zeil, Director Sales Region Central of the Nordex Group, about the orders.

Nordex receives orders for 122 MW from Denker & Wulf

Denker & Wulf, another leading onshore wind farm developer, has commissioned Nordex to supply and install 20 wind turbines for three projects in northern Germany with a total capacity of 122 MW. The contracts also include premium service for the maintenance of the turbines over 15 years.

In Schleswig-Holstein, the 67.5 MW "Gönnebek I+II" wind farm in the district of Segeberg is being built with a total of twelve turbines, eleven of which are of the N149/5.X type and one of the N133/4.8 type. In Brandenburg, the Nordex Group is supplying one N149/5.X and one N163/6.X for the 12.7 MW "Schönermark" wind farm in the district of Uckermark. Denker & Wulf has ordered six N163/6.X turbines for the 42 MW Oederquart-Wischhafen wind farm near Stade in Lower Saxony. Installation is scheduled to begin at the end of 2024.

"Nordex gives us the confidence to realize our project needs, which has enabled the strong deal flow for more than 30 turbines in 2023. As a result, we can seamlessly build on last year's commissioning record and enter another promising wind year 2024 with momentum," says CEO of Denker & Wulf AG Torsten Levsen about the projects.

The turbines are supplied with Nordex's "BNK-Ready" solution for needs-based night-time marking and an ice detection system. They can be operated with different power modes and are equipped with shadow and bat shutdown modules in order to fulfil all requirements with regard to noise and shadow impact and to take into account the extensive species protection.

Three orders for almost 150 MW from Scotland

In December 2023, Nordex also received three orders from Scotland for a total capacity of just under 150 MW. Nordex is to supply and install seven N149/5.X turbines for a wind farm. Seven turbines of the same type and two N133/4.8 turbines will also be used for a 50 MW wind farm. The delivery and installation of 11 N149/5.X turbines is planned for the third wind farm project. The wind farms are to be erected at sites in the north of Scotland in 2026. Nordex is not disclosing the names of the customers or the names of the projects.

Nordex shares top the RENIXX in a weak stock market environment

After the first four trading days of this week, the Nordex share is at the top of the RENIXX ranking in a generally weak stock market environment with a gain of 4.7 per cent to a price of EUR 10.22 (closing price, 11 January 2024, Stuttgart Stock Exchange).

Source: IWR Online, 12 Jan 2024