Germany

Germany

Nordex ramps up production ahead of busy H2

German turbine manufacturer Nordex has increased its manufacturing output ahead of a busy second half of the year, after installations in Q1 halved compared with 2018.

Installations in Latin America comprised two-thirds of Nordex's total in Q1
Installations in Latin America comprised two-thirds of Nordex's total in Q1

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The firm said it installed 84 turbines across nine countries in the first three months of the year, with a combined capacity of 260.9MW – down from 522.9MW in the same period a year ago.  

With the slowing European market heavily impacting Nordex, a majority of its installations — 64% — took place in Latin America.

Nordex said the decrease in construction activity, and therefore sales, was expected. 

Ebitda totalled €3.3 million in Q1, down from €20 million in 2018 on the back of the sales figure falling 24% to €31.3 million.

The company recorded a consolidated net loss of €35 million — greater than the €19.4 million loss of Q1 2018.

Nordex’s servicing business continued to grow, but was unable to offset the drop in sales.

The German manufacturer forecast installations to pick up in the second half of the year, a trend seen at many OEMs.

As a result, Nordex said turbine production during Q1 increased from 374MW to 698MW.

Nordex’s order book stood at €4.4 billion at the end of Q1, up from €2.7 billion at the same time in 2018.

With the expected increase in activity for the second half of the year, CEO José Luis Blanco reaffirmed the guidance for the year of €3.2-3.5 billion in consolidated sales.

United States

Nordex has also announced a new 350MW order from an unnamed utility in the US. Nordex will supply 74 N149/4.0-4.5 turbines to the site in Oklahoma by early 2020.

The turbines will be installed with capcities between 4.0MW and 4.8MW, the manufacturer said. The order inclides a five years servicing agreement. 

It is the first order for this turbine model in the US.

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