EQS-News: Nordex Group to supply DenkerWulf with turbines for a 51 MW wind farm in Schleswig-Holstein, Germany

Nordex secures 51.3 MW wind turbine order for Bredenbek, but delivery is years away.

What the company is saying

Nordex SE announces a new order from DenkerWulf for nine N149/5.X wind turbines, totaling 51.3 MW, for the Bredenbek wind farm in Schleswig-Holstein, Germany. The company frames this as a continuation of a successful partnership, emphasizing both the technical specifications—each turbine at 5.7 MW and 105 metres hub height—and the inclusion of a 20-year Premium Service agreement. Installation is scheduled for autumn 2027, with the first turbine's commissioning in December 2027. DenkerWulf's Project Manager, Jann Peter Freese-Harelik, highlights the transition from planning to implementation, while Nordex's Vice President Region Central, Karsten Brüggemann, positions the project as advancing energy sovereignty and reducing import dependence. The release also references prior orders from DenkerWulf at the end of 2025 totaling over 122 MW for three wind farms, reinforcing the ongoing collaboration. The tone is confident and forward-looking, with repeated references to historical scale—Nordex's 67 GW commissioned globally and EUR 7.6 billion in 2025 sales—used to bolster credibility.

What the data suggests

The order for nine N149/5.X turbines at Bredenbek totals 51.3 MW, with each turbine rated at 5.7 MW and a hub height of 105 metres. Installation is not set to begin until autumn 2027, with first commissioning in December 2027, placing any revenue recognition or operational impact at least a year out. The 20-year Premium Service agreement indicates a long-term service relationship but does not specify financial terms. Previous orders from DenkerWulf at the end of 2025 amounted to over 122 MW for three wind farms, suggesting a pattern of repeat business but without quantifying the financial impact of this or prior orders. Nordex reports consolidated sales of around EUR 7.6 billion in 2025 and a workforce exceeding 11,100, with manufacturing in five countries, but provides no breakdown of order backlog, margins, or profitability related to this contract. The data confirms a large, technically advanced order and a strong client relationship, but lacks detail on the order's contribution to earnings or cash flow.

Analysis

The announcement is upbeat, highlighting a new 51.3 MW wind turbine order for a German wind farm, but the measurable progress is limited: installation is not scheduled to begin until autumn 2027, with first commissioning in December 2027—over a year from today's date. Most claims about the project are forward-looking, with no immediate revenue or earnings impact. The order is capital intensive, but there is no disclosure of profitability, margins, or cash flow, only a topline sales figure for 2025. The narrative is inflated by references to DenkerWulf as a 'leading' developer and by emphasizing the companies' historical scale and partnership, which, while factual, do not directly relate to the new project's near-term value. The gap between narrative and evidence is most apparent in the long-dated timeline and lack of financial detail on the new order's impact.

Risk flags

• ●Execution risk is high given the long lead time before installation begins in autumn 2027 and commissioning in December 2027; any delays in permitting, supply chain, or construction could push back revenue recognition and project completion.
• ●Financial disclosure is limited, with no information on the value, margin, or profitability of the Bredenbek order; this makes it difficult for investors to assess the true financial impact of the contract or Nordex's ability to convert orders into earnings.
• ●The announcement relies heavily on historical scale and partnership narrative, but does not provide concrete evidence of near-term growth or backlog conversion, increasing the risk that the headline order may not translate into meaningful shareholder value in the short to medium term.

Bottom line

Nordex's 51.3 MW Bredenbek wind farm order from DenkerWulf extends a pattern of large-scale collaboration in Germany, but the project's benefits are distant, with installation and commissioning not scheduled until late 2027. The announcement demonstrates technical capability and a strong client relationship, supported by Nordex's global scale and EUR 7.6 billion in 2025 sales, yet omits key financial details such as order value, margin, or expected profit contribution. Investors get confirmation of continued demand and a robust service contract, but cannot gauge the order's impact on earnings or cash flow. The multi-year timeline and lack of financial specificity mean this update is more about pipeline visibility than immediate value creation. For a clearer investment case, Nordex would need to disclose the revenue and margin profile of this and similar orders, as well as progress milestones. The main takeaway is that while the order adds to Nordex's backlog, its financial impact will not be felt for at least a year, and execution risks remain.

Announcement summary

(LSE:0MEC) Nordex SE has announced that the Nordex Group will supply DenkerWulf with nine N149/5.X wind turbines for the Bredenbek wind farm in Schleswig-Holstein, Germany, with a total capacity of 51.3 MW. Installation of the turbines is scheduled to begin in autumn 2027, and commissioning of the first turbine is planned for December 2027. The order includes a Premium Service agreement for the turbines for a period of 20 years. Each N149/5.X turbine will have a capacity of 5.7 MW and a hub height of 105 metres. The Bredenbek wind farm is located in the Rendsburg-Eckernförde district. This project continues the collaboration between DenkerWulf and Nordex, following previous orders from DenkerWulf at the end of 2025 totaling more than 122 MW for three wind farms in Schleswig-Holstein. Jann Peter Freese-Harelik, Project Manager at DenkerWulf, stated that the company is pleased to take the next step towards implementation with Nordex, building on a successful track record. Karsten Brüggemann, Vice President Region Central of the Nordex Group, emphasized that the Bredenbek project supports energy sovereignty and reduces dependence on imported energy sources. DenkerWulf is described as one of Germany’s leading wind farm developers, with experience from more than 970 wind turbines installed in ten federal states and over 2.25 GW of installed capacity, employing around 300 people across seven locations. The Nordex Group has commissioned more than 67 GW of wind power capacity in over 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. The company currently employs more than 11,100 people and operates manufacturing facilities in Germany, Spain, Brazil, India, and the USA. Nordex SE is listed on the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN: DE000A0D6554). The company’s product portfolio focuses on onshore turbines in the 4 to 7 MW+ classes, designed for markets with limited space and constrained grid capacity.

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