Nordex Gains Momentum in Spain: Nordex Secures 80 MW Wind Farm Order With Expansion Option to 120 MW

Why It Matters

The contract deepens Nordex’s presence in Spain, a key European wind market, and adds recurring service revenue, supporting its growth trajectory amid accelerating clean‑energy investments.

Key Takeaways

• Nordex won 80 MW order for 13 N175/6.X turbines in Spain
• Project includes optional 40 MW expansion to 120 MW total capacity
• 20‑year premium service agreement signed alongside turbine supply
• Construction starts spring 2027; commissioning slated for late 2027
• Nordex FY2025 revenue ~ $8.3 bn; workforce over 11,100

Pulse Analysis

Spain remains one of Europe’s fastest‑growing wind power markets, with the government targeting 50 GW of offshore and onshore capacity by 2030. Nordex’s 80 MW order, built around its N175/6.X platform, showcases a turbine that delivers up to 13 MW per unit while featuring a 112‑meter hub height and a steel tubular tower, optimized for the country’s moderate wind regimes. By delivering a turnkey package that includes installation, the German OEM positions itself against rivals such as Vestas and Siemens Gamesa, which are also vying for new Spanish projects.

The deal’s 20‑year premium service agreement adds a long‑term, recurring revenue stream that can smooth Nordex’s earnings in a sector often marked by seasonal swings. With an optional 40 MW expansion, the contract could eventually generate 120 MW of capacity, effectively increasing the turbine count from 13 to 20. Nordex reported FY2025 revenue of roughly €7.6 bn (about $8.3 bn), and the Spanish order contributes a modest but strategic boost to its pipeline, supporting its goal of surpassing 70 GW of installed capacity globally.

From an investment perspective, the contract reinforces confidence in Nordex’s growth narrative, especially as Europe tightens renewable targets and offers stable policy incentives. The timing aligns with the company’s upcoming product rollout and its push to capture market share in Southern Europe, where wind conditions and grid integration plans are favorable. Analysts may view the order as a catalyst for the share price, currently trading around €45.86 (≈ $50), and a signal that Nordex can translate its engineering strengths into tangible market wins.