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Nordex Successful in Canada: Nordex Order Intake in North America in 2024 Up 350 Percent Year-On-Year - Share Price Rises

Hamburg, Germany - In addition to orders from Germany, Spain and Greece, wind turbine manufacturer Nordex also received orders for 36 N163/6.X turbines with a total capacity of 247 MW from Canada at the end of December.

According to Nordex, this means that the order volume in North America will reach the 1,000 MW threshold (1 GW) in 2024.

The Delta4000 series turbines ordered at the end of December are destined for projects in Nova Scotia. Nordex will deliver the turbines, each with a rated output of 7 MW, on 118-meter-high tubular steel towers from spring 2026. To ensure high availability of the turbines during the cold winter season in Nova Scotia, the turbines will be delivered in the cold climate version and equipped with the Nordex Advanced Anti-Icing System for rotor blades.

The names of the customers and wind farms will not be disclosed.

“With these new orders, the Nordex Group has passed 1 GW of sales from North America in 2024. This 350% increase over the previous year demonstrates Nordex’s continued growth in the North American market. As we ramp up manufacturing at our factory in West Branch, Iowa in 2025, that success is well-poised to continue”, says Manav Sharma, CEO of the Nordex Group's North America Division.

Following a 4.6 percent decline in the share price to EUR 11.30 in the past trading week, Nordex stock has been able to gain ground today. In the afternoon, the stock is trading up 2.7 percent at EUR 11.61 (2:45 p.m., January 13, 2025, Stuttgart Stock Exchange).



Source: IWR Online, 13 Jan 2025