Nordex Secures Orders From Turkey and Germany at the End of the Quarter - Nordex Stock Among Top 3 in Renixx in Q1

Why It Matters

The contracts deepen Nordex’s foothold in two fast‑growing markets and underscore investor confidence, driving both revenue growth and market share in the competitive renewable‑energy sector.

Key Takeaways

• Nordex won 120 MW Turkish order for 18 N175/6.X turbines.
• German repowering adds 39.9 MW, raising Lütau 2 to 68.4 MW.
• Projects slated for 2027 boost regional renewable supply.
• Nordex shares jumped 57.8% in Q1, now ~US$49.5.
• Top‑three RENIXX performer signals strong market confidence.

Pulse Analysis

Nordex’s recent Turkish contract highlights the company’s strategic push into the Middle‑East’s burgeoning wind market. The 120 MW Balıkesir‑2 farm, awarded under Turkey’s YEKA RES‑2025 tender, will feature cold‑climate N175/6.X turbines designed for the region’s harsh conditions. By securing a ten‑year premium service deal, Nordex not only guarantees a steady revenue stream but also reinforces its reputation as a full‑service provider, a critical differentiator as Turkey accelerates its renewable‑energy targets toward 30 GW by 2030.

In Europe, Nordex is capitalising on the repowering wave, a trend driven by aging assets and the need for higher efficiency. The 39.9 MW expansion of the Lütau 2 wind farm in Schleswig‑Holstein replaces older machines with seven N149/5.X turbines on 125‑meter towers, lifting the site’s capacity to 68.4 MW. This aligns with NeXtWind’s aggressive pipeline—2 GW of repowering projects and a goal of 3 GW total capacity by 2028—demonstrating how OEMs and asset managers are collaborating to unlock additional generation without new land use.

Investor sentiment reflected in Nordex’s stock rally, with shares climbing 57.8% to €46.06 (about US$49.8) in Q1 2026, securing a top‑three spot in the RENIXX renewable‑energy index. The surge signals confidence in Nordex’s order backlog and its ability to deliver large‑scale projects on schedule. As global capital increasingly favours green infrastructure, Nordex’s dual‑market growth and robust service contracts position it to capture a larger slice of the $1.5 trillion renewable‑energy investment pipeline projected through 2030.