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Germany

Germany

Nordex welcomes 'increasing momentum'

GERMANY: Nordex has reported healthy growth in turbine orders and its service business in the second quarter of 2017.

Nordex turbines in the Netherlands. The company reports growing demand for hardware and services
Nordex turbines in the Netherlands. The company reports growing demand for hardware and services

The turbine manufacturer installed 713MW of new capacity in the quarter, up from 416MW in Q1, and received new orders worth €572 million.

The company’s total order backlog, including service contracts, amounted to €3.6 billion at the end of June.

The service division grew 24% in the first half of 2017 compared to the same period last year, with turnover of €150.3 million.

Turbine and rotor blade assembly were 18% and 30% respectively higher in the same period, reflecting Nordex’s acquisition of Acciona in 2016.

"Our focus is now on landing the projects that we are within an inch of getting," said Nordex CEO José Luis Blanco.

"We are responding to the changes in business volumes by stepping-up cost discipline to support our profitability."

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