EQS-News: Nordex Group records 389 MW of new orders in Türkiye

Nordex secures 389 MW in new Türkiye wind orders, but revenue impact is years away.

What the company is saying

Nordex SE is announcing that it has secured several new wind turbine orders in Türkiye totaling 389 MW, involving the supply and installation of 56 Delta4000 series turbines. The company emphasizes that each contract includes a multi-year service and maintenance agreement, aiming to ensure high turbine availability and reliable operation. The narrative highlights tailored turbine configurations for each project, including energy storage, to meet specific site requirements. Installation and commissioning are framed as a staged process beginning in 2027 and continuing through 2028. Ender Özatay, Vice President Region Türkiye and Middle East, is quoted to reinforce customer confidence and Nordex’s market-leading position in Türkiye, though no customer names or project details are disclosed. The company also references its broader operational scale, citing over 64 GW commissioned globally, EUR 7.6 billion in 2025 sales, and a workforce of more than 11,100 employees across manufacturing sites in Germany, Spain, Brazil, India, and the USA.

What the data suggests

The announcement confirms binding new orders totaling 389 MW in Türkiye, with 56 Delta4000 turbines to be supplied and installed under multi-year service agreements. Installation and commissioning are not expected to begin until sometime in 2027, with completion extending into 2028, so the financial impact will not be realized in the near term. The company reports consolidated sales of around EUR 7.6 billion for 2025 and a workforce exceeding 11,100, indicating significant scale. There is no disclosure of contract values, margins, or profitability for these new orders, and no customer or project names are provided. Claims of a market-leading position and customer confidence are not substantiated with market share or repeat order data. The operational figures are specific, but the absence of period-over-period growth rates, backlog evolution, or cash flow metrics limits the ability to assess financial trajectory or order quality. The only hard forward-looking fact is the staged delivery timeline, with all revenue and earnings impact at least 15–27 months away.

Analysis

The announcement is upbeat, highlighting new orders totaling 389 MW in Türkiye and referencing the company's strong market position. The core realised facts are the order intake (389 MW, 56 turbines) and historical/company-wide figures (EUR 7.6 billion sales in 2025, 64 GW installed, 11,100 employees). However, the main forward-looking claim is that installation and commissioning will not begin until 2027 and will continue through 2028, meaning revenue and earnings impact from these orders is long-dated. The release does not disclose profitability, margin, or cash flow metrics, so the sustainability and value of the growth cannot be assessed. Phrases such as 'continued confidence of customers' and 'market-leading position' are not substantiated with market share or customer data. The capital intensity flag is triggered because large-scale wind projects require significant investment, but the benefits are only expected several years out. Overall, the tone is moderately inflated relative to the immediate, measurable impact.

Risk flags

• ●Execution risk is significant, as installation and commissioning for the 389 MW of new orders will not start until 2027 and will extend through 2028. Delays, cost overruns, or supply chain disruptions could materially affect project delivery and financial realization.
• ●Disclosure risk is present because the announcement omits customer names, project details, contract values, and margin information. This lack of transparency makes it difficult for investors to assess the quality and profitability of the new orders.
• ●Market positioning claims are unsubstantiated, as the company asserts a market-leading position and continued customer confidence in Türkiye without providing supporting data such as market share, customer retention rates, or repeat business figures.

Bottom line

Nordex’s announcement of 389 MW in new wind turbine orders in Türkiye signals continued commercial activity and supports its narrative of market strength, but the financial benefits are distant, with project execution not starting until 2027 and extending through 2028. The company’s scale is clear, with EUR 7.6 billion in 2025 sales and over 11,100 employees, but the absence of contract values, customer identities, or margin data limits visibility into the quality and profitability of these orders. Claims of market leadership and customer confidence are not backed by quantitative evidence. Investors should recognize that while the order intake is positive, the long lead time and lack of detail on economics or execution milestones introduce material uncertainty. The most important takeaway is that the revenue and earnings impact from these orders will not be felt for at least 15–27 months, and the quality of the backlog remains difficult to assess without further disclosure.

Announcement summary

(LSE:0MEC) Nordex SE announced that in the past weeks of September, the Nordex Group secured several new orders totaling 389 MW in Türkiye. The contracts cover the supply and installation of 56 wind turbines of the Delta4000 series. Each contract includes a multi-year service and maintenance agreement designed to support high turbine availability and efficient, reliable operation over the long term. The turbine types and configurations have been selected to meet the specific wind conditions, technical requirements, and site characteristics of each project, including energy storage. Installation and commissioning of the projects are scheduled to take place in stages, beginning in the course of 2027 and continuing through to 2028, in line with the respective project timelines. Ender Özatay, Vice President Region Türkiye and Middle East of the Nordex Group, stated that these new orders underline the continued confidence of customers in Nordex and further strengthen the company's market-leading position in Türkiye. The names of the customers and projects are not disclosed. The Nordex Group has commissioned more than 64 GW of wind power capacity in over 40 markets since 1985. The company generated consolidated sales of around EUR 7.6 billion in 2025. Nordex SE currently has more than 11,100 employees. The manufacturing network includes factories in Germany, Spain, Brazil, India, and USA. The product portfolio is focused on onshore turbines in the 4 to 7 MW+ classes. Nordex SE is listed on the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN: DE000A0D6554) in Germany.

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