Germany

Germany

Nordex latest wind turbine manufacturer to raise prices

German OEM follows Siemens Gamesa and Vestas in raising turbine prices amid price pressures and higher materials costs

Nordex CEO José Luis Blanco had previously warned of inflationary cost pressures due to the rising price of commodities (pic credit: U. Mertens)
Nordex CEO José Luis Blanco had previously warned of inflationary cost pressures due to the rising price of commodities (pic credit: U. Mertens)

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Nordex is due to raise prices of its turbines to offset the increased prices of commodities and logistics, it confirmed.

The German manufacturer’s CEO, José Luis Blanco, had previously warned of inflationary cost pressures due to the rising price of commodities.

It now plans to offset these pressures by passing on the higher costs to customers, a spokeswoman told Windpower Monthly.

However, she could not confirm how much it might increase prices by or how long the turbine price inflation might last, but added that the increase would vary in different geographies.

Nordex – which recently launched a new 6MW onshore wind model – joins other turbine manufacturers in raising turbine prices. Many turbine makers have reported supply chain challenges and restrictions in key markets amid the coronavirus pandemic, and cost inflation of raw materials.

Last month, rival manufacturer Siemens Gamesa announced its plans to increase turbine prices. Meanwhile, Danish firm Vestas sold onshore wind turbines at an average price of €790/kW in the second quarter of 2021 – up from around €700/kW one year earlier.

GE would not comment when asked by Windpower Monthly whether it also planned to raise prices.

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