Nordex Increases Global Order Intake to 7.4 GW of Wind Power Capacity in 2023

Hamburg, Germany - The wind turbine manufacturer Nordex was able to significantly increase its order intake in the 2023 financial year. Numerous orders for Nordex turbines were received in the final quarter in particular.

Nordex SE received orders from 23 countries in 2023, with Europe currently the most important key market with a share of over 86 per cent. Following a phase of several years with a sharp decline in the number of installations up to 2020, the politically initiated measures to accelerate the expansion of wind energy are now having an impact, particularly in Germany. Nordex can also benefit from this.

Nordex increases order intake by 16 per cent in 2023

The Nordex Group has received orders for a total of 1,270 wind turbines with an output of 7.4 GW in 2023. This represents an increase of 16 per cent in terms of turbine output (2022: 6.3 GW with 1,235 wind turbines). The last quarter of 2023 alone accounted for 420 Nordex turbines with a total capacity of just under 2.5 GW (2022: 1.9 GW). The average selling price in euros per megawatt of capacity (ASP) was EUR 0.84 million per MW in the fourth quarter of 2023 (Q4/2022: EUR 0.89 million per MW).

"As expected, we received a large number of orders towards the end of the year. I am very pleased that, with almost 2.5 GW in the fourth quarter, we were able to achieve another increase compared to the already good third quarter. Our product portfolio is proving to be competitive with stable prices. The large number of small projects with a high rated output - particularly in Germany - has made itself clearly felt," says José Luis Blanco, CEO of the Nordex Group.

Nordex increases order intake in Germany by approx. 36 per cent

The German market developed very successfully for the Nordex Group in 2023 in terms of order intake and the results of the onshore wind auction rounds. According to Nordex, orders for 262 wind turbines with a capacity of 1.5 GW were received from Germany (2022: 1.1 GW and 195 turbines).

The N149/5.X and the N163/6.X, with which Nordex was able to score points with its customers in new business, topped the list of turbines in demand.

Nordex also won projects totalling over 1.8 GW (2022: 763 MW) in the Federal Network Agency's onshore wind tendering rounds, which take place four times a year. The company received an annual average of 30 per cent of the contracts awarded, 38 per cent in the last auction in November 2023 alone.

Source: IWR Online, Jan 01 2024