Nordex Q2 orders jump 32% to 3,054 MW on US wind demand

Nordex's second-quarter order book swelled to 3,054 MW, the highest in recent quarters, as US onshore wind demand accelerated.

Nordex SE posted a 32% surge in second-quarter project orders to 3,054 megawatts, driven by roughly 800 MW of US contracts that marked a milestone for the German turbine maker's American expansion.

"With an order intake of around 800 megawatts in the U.S. this quarter, we've reached an important milestone," Chief Executive Jose Luis Blanco said in a statement.

The company reported 2,310 MW in orders during the same period last year, putting the 2026 figure roughly 32% higher. The US contributed about a quarter of total quarterly orders, signaling Nordex's growing footprint in a market where GE Vernova and Vestas Wind Systems have long held the lead.

The order surge comes as US wind developers accelerate project timelines to lock in Inflation Reduction Act tax credits before potential policy changes. Nordex, which trades on the Frankfurt Stock Exchange, has been expanding its US manufacturing capacity to capture a larger share of the onshore wind market, where the IRA's production tax credit offers up to $26 per megawatt-hour for qualifying projects.

The strong pipeline positions Nordex to challenge Vestas and GE Vernova in the US onshore segment, where turbine pricing has stabilized after years of cost inflation. Nordex shares have gained roughly 15% year to date, though the company remains unprofitable on an annual basis as it works through lower-margin legacy contracts. Analysts at Jefferies and Citi have flagged the US order trajectory as a key catalyst for a potential margin recovery in 2027.

This article is for informational purposes only and does not constitute investment advice.