Nordex Group Achieves Order Intake of 1.9 GW in the First Quarter of 2026

Why It Matters

The order book signals Nordex’s ability to sustain growth despite a modest dip in volume, while higher prices bolster revenue potential in a competitive wind‑energy market.

Key Takeaways

• Nordex logged 1.9 GW order intake in Q1 2026, down from 2.2 GW 2025
• Average selling price rose to €0.91 M/MW (~$0.99 M/MW), indicating stable pricing
• Orders came from 292 turbines in 13 countries: Germany, Turkey, Sweden
• CEO expects solid pipeline in Europe and North America to sustain momentum

Pulse Analysis

Nordex’s Q1 2026 order intake of roughly 1.9 GW underscores the firm’s resilience in a market where total wind‑turbine installations are accelerating globally. While the volume fell short of the 2.2 GW recorded a year earlier, the order mix still reflects a diversified customer base spanning 13 nations. Germany’s strong domestic demand, coupled with expanding projects in Turkey and Sweden, highlights Nordex’s strategic focus on mature European markets that benefit from supportive policy frameworks and grid‑integration incentives.

The average selling price (ASP) climbed to €0.91 million per megawatt, or about $0.99 million, marking a modest but meaningful increase over the prior year’s €0.87 million. This uptick suggests that Nordex can preserve margin pressure despite heightened competition from rivals such as Vestas and Siemens Gamesa. A stable pricing environment also indicates that supply‑chain constraints are easing, allowing manufacturers to negotiate better terms without resorting to aggressive discounting. For investors, the higher ASP translates into stronger top‑line growth potential, especially as the company scales its higher‑efficiency turbine platforms.

Geographically, the company’s pipeline remains robust, with notable momentum in both Europe and North America. The CEO’s confidence in a solid order flow reflects ongoing project financing and the continued rollout of renewable‑energy targets across the Atlantic. While the share price has held steady around €46, the combination of a healthy order backlog and improved pricing could position Nordex for incremental share‑price appreciation as the year progresses. In the broader context, the firm’s performance mirrors the industry’s shift toward larger, more productive turbines, reinforcing the strategic importance of technology upgrades and geographic diversification in the wind‑energy sector.