International Wind Markets: Nordex Receives Major Order From South Africa and Sweden

Hamburg, Germany - Nordex has secured major orders from South Africa and Sweden.

Under the agreement for South Africa, the wind turbine manufacturer will supply and install a total of 57 N163/5.X turbines from the Delta4000 series with a total capacity of 336 MW. The order also includes a service contract for the maintenance of the turbines. The order is for a cluster of three wind farms, each with a capacity of 112.1 MW. The wind farms are located in the Eastern Cape province, in an area with very good wind conditions. The installation of the first turbine is planned for the second half of 2024 and the start of feeding electricity into the grid is scheduled for the second half of 2025. At the customer's request, Nordex is not disclosing further details about the customer or the projects.

Nordex intends to manufacture the concrete towers for the turbines locally, thereby creating up to 300 jobs in the region and supporting the local economy during the construction phase.

As things stand at present, Nordex has installed wind turbines with a capacity of more than 1,100 MW (1.1 GW) in South Africa. This corresponds to a market share of 32 per cent. According to the company, this makes Nordex the market leader in South Africa.

The order from Sweden has a volume of 98 MW and comes from the customer Holmen Energi AB, a Swedish forestry and paper company and developer and operator of wind farms. The order also includes a Premium Plus service for the turbines over a period of 30 years. In summer 2025 Nordex will supply and install 14 N163/6.X turbines for the Blisterliden wind farm in a forested area in the county of Västerbotten in the Northern of Sweden. Nordex will equip the turbines with the Nordex Advanced Anti-Icing System to reduce ice formation on the rotor blades. The turbines will be delivered in the cold climate version.

The Nordex share gained 1.5 percent yesterday to a price of EUR 12.19 (closing price, 26 March 2024, Stuttgart Stock Exchange). The stock is currently trading at EUR 12.20, slightly above yesterday's closing price.

Source: IWR Online, 27 Mar 2024