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Wind turbine maker Nordex Q3 orders rise on Turkish demand, US recovery - Finance news and analysis from Global Banking & Finance Review
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Wind turbine maker Nordex Q3 orders rise on Turkish demand, US recovery

Published by Global Banking & Finance Review

Posted on October 12, 2026

2 min read

· Last updated: October 12, 2026

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Nordex Q3 Orders Up 30% on Strong Turkish and US Market Demand

Nordex Reports Significant Growth in Q3 Orders

Oct 12 (Reuters) - Onshore wind turbine manufacturer Nordex said on Monday its project order intake in the third quarter rose 30% year-on-year, driven by significant orders from Turkey and a continued recovery in the US market.

Order Volumes and Market Performance

The German company reported 2,810 megawatts (MW) in order volumes between July and September, compared to 2,170 MW in the same period last year.

CEO Statement on Global Diversification

"Our order intake is becoming more globally diversified," CEO Jose Luis Blanco said in a statement.

Future Outlook and Pipeline Conversion

• "We expect the international share [of orders] to keep growing as we convert our pipeline in the coming quarters," Blanco added

Year-to-Date Orders and Financial Performance

• Nordex has received orders totalling 7,733 MW in the first nine months, compared to 6,661 MW by end-September in 2025

• Its share price, which has fallen around a quarter since an early May high, was up 3.5% at 0751 GMT

Analyst Commentary

• "While Germany will be viewed as the core driver of the equity story, we think this is a useful reminder to investors that there are other pillars of demand also," analysts at Citi wrote

Reporting and Editing Credits

(Reporting by Danny Callaghan; Editing by Matt Scuffham)

Key Takeaways

  • Third‑quarter project order intake climbed ~29.5% year‑on‑year to 2,810 MW, up from 2,170 MW a year ago, led by Türkiye, Germany, and the US (nordex-online.com).
  • Nine‑month cumulative orders hit 7,733 MW, marking a 16.1% increase from 6,661 MW in the first nine months of 2025 (nordex-online.com).
  • Average sales price per megawatt remained stable (≈€0.90 m/MW in Q3 vs €0.93 m/MW last year), underscoring pricing resilience; CEO highlighted growing international diversification, with Türkiye supplying >900 MW and US accounting for >1.3 GW year‑to‑date (nordex-online.com).

References

Frequently Asked Questions

How much did Nordex's Q3 order intake grow compared to last year?
Nordex's Q3 order intake rose 30% year-on-year, reaching 2,810 MW compared to 2,170 MW in the previous year's quarter.
Which regions drove Nordex's increase in orders?
Significant orders from Turkey and a continued recovery in the US market contributed to Nordex's order increase.
How diversified is Nordex's international order pipeline?
CEO Jose Luis Blanco stated that Nordex's order intake is becoming more globally diversified and expects the international share to keep growing.
What are Nordex’s total orders for the first nine months of the year?
Nordex has received orders totaling 7,733 MW in the first nine months of the year, up from 6,661 MW by the end of September 2025.
How has Nordex's share price performed recently?
Although Nordex’s share price had fallen about 25% from its early May high, it rose 3.5% in early morning trading.

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