North American Wind Market: Nordex Group Receives Further Major Order From Canada - Share Price Nevertheless Falls

Hamburg, Germany - Following the orders for Canadian wind projects with a capacity of over 500 MW signed at the end of September, Nordex has now announced a further major order from the North American country. The share price is not currently being boosted by this.

Specifically, the order is for the delivery of 19 N163/5.X turbines for a project in the province of Québec to a Canadian wind farm developer and operator with a capacity of over 100 MW. Nordex will deliver the N163/5.X turbines in summer 2026 on 125-meter-high tubular steel towers. The customer has ordered the turbines in the cold climate version and Nordex is equipping them with the Nordex Advanced Anti-Icing System for rotor blades. According to the wind turbine manufacturer, both options reduce power losses and thus ensure high electricity production from the turbines in cold seasons.

Nordex is not disclosing the names of the customer or the wind farm.

Despite the major order, Nordex shares have so far this week continued their downward trend which began at the end of October. On today's trading day, the stock has so far fallen by 3.4 percent to EUR 11.81 (14:30, 12.11.2024, Stuttgart Stock Exchange).

Source: IWR Online, Nov 11 2024