Nordex

What Nordex does

Nordex SE is a Hamburg-headquartered, publicly listed wind turbine manufacturer (Frankfurt Stock Exchange: NDX1) that designs, produces, and services multi-megawatt onshore wind turbines for utility-scale wind farm developers, regulated utilities, and industrial energy consumers across more than 14 countries. Founded in Denmark in 1985 and majority-owned by Spanish conglomerate Acciona since the 2016 merger with Acciona Windpower, the company operates with approximately 10,400 employees and holds the #2 global and #1 European onshore wind turbine market position for four consecutive years.

Nordex's core product is the Delta4000 platform — a series-production turbine architecture spanning 4 to 7 MW+ power classes — supported by ten distinct turbine models (including the N175/6.X, N163/6.X, N169/5.X, N149/5.X, and N133/4.8) optimized for low-wind, medium-wind, and strong-wind sites, with cold-climate variants rated to -30°C. The platform features flexible power rating for PPA/merchant price optimization, rotor diameters up to 175m, design lifetimes of 25 years extendable to 35 years, and a dedicated generator converter test bench at the Rostock R&D site. The Delta4000 platform reached a 40+ GW cumulative sales milestone in September 2025, and the global installed and maintained base exceeds 60 GW.

Nordex generates revenue primarily through direct enterprise sales of turbine hardware to wind farm developers (e.g., CIP, wpd, Verbund, RPC, UKA), supplemented by 15-20 year premium service contracts supporting the installed fleet, and ancillary construction management and GWO-certified training services. Pricing is quote-based and project-specific, with no public list pricing. FY2025 revenue reached €7.55 billion with EBITDA of €631 million (8.4% margin) and a record €17 billion combined order book as of Q1 2026, anchoring strong forward visibility. Manufacturing is localized to key markets including a restarted US facility in West Branch, Iowa, supporting compliance with local content requirements and Inflation Reduction Act incentives.

Name

Nordex

Legal name

Nordex SE

Website

https://nordex-online.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Nordex SE is a Hamburg-based, publicly listed manufacturer of multi-megawatt onshore wind turbines (Delta4000 platform, 4-7 MW+) serving wind farm developers, utilities, and industrial energy consumers globally, with FY2025 revenue of €7.55 billion and a #2 global / #1 European market position.

Ownership category

akta.pro rank

Product category

Wind Turbine Manufacturing

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Wind Turbine OEM Manufacturing (Nacelles, Drivetrains, Generators) (EUAMAHAD)

akta.pro secondary industries

Wind Turbine OEMs & System Integration (Nacelle/Generator/Controls) (EUAMACAC), Wind Blades, Towers & Foundations Manufacturing (EUAMAHAE)

Keywords

• Wind turbine manufacturing
• Onshore wind energy
• Renewable energy equipment
• Wind farm development
• Turbine service contracts

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Wind Turbine Sales: Nordex generates the majority of revenue from manufacturing and selling wind turbine systems to project developers, utilities, and independent power producers. Revenue reached €7.55 billion in FY2025 with 10.2 GW in turbine order intake. The company maintains a project order book of €10.1 billion as of December 2025.
2. Service and Maintenance: Nordex provides multi-year service contracts including premium maintenance packages. Q1 2026 showed growth in both project and service segments. The company supports over 60 GW of installed capacity globally through its service organization.
3. Project Management Services: Construction management and balance-of-plant services are provided through partners like Electrogrup and Blue Power Partners for large projects such as the Pestera II wind farm in Romania.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Nordex manufactures and sells onshore wind turbines across the Delta4000 (4-7 MW) and Delta (3 MW) platforms with ten distinct models optimized for light, medium, and strong wind sites. The company provides full project supply including turbines, tower, and balance-of-plant components, complemented by multi-year maintenance, repair, and upgrade service contracts. Manufacturing is localized (Germany, US Iowa) to meet content requirements, and the company has begun expanding into electrolyzers for green hydrogen.

Product overview

Nordex is a global wind turbine manufacturer offering two product platforms (Delta4000 and Delta series) with 10 distinct turbine models ranging from 3.6 MW to 7 MW capacity, designed for all wind conditions (light, medium, and strong wind sites). The Delta4000 platform covers the 4-7 MW classes while the Delta series serves the 3 MW segment. Each model offers specific rotor diameters, hub heights, and sound levels optimized for different site conditions. Nordex also provides comprehensive service offerings including maintenance, repairs, upgrades, and GWO-certified training. The company operates manufacturing facilities globally including the US (West Branch, Iowa) for the North American market.

Differentiator

Problem solved

Functional benefit

Products and services

• Delta4000 Series Platform Nordex's flagship multi-megawatt wind turbine platform covering the 4-7 MW classes, offering proven series-production technology with performance-enhancing adaptations and reduced levelized cost of energy. Targeted at wind farm developers and utilities across global markets.
• N175/6.X Wind Turbine Wind turbine specialized for low-wind sites with 175m rotor diameter and single-piece 85.7m blade, delivering up to 7 MW output and 7-14% more yield than sister models at typical low to medium-wind locations, with up to 22% more energy in low-wind conditions. Available in a cold climate variant for -30°C operation.
• N163/6.X Wind Turbine 6MW+ class wind turbine with +20% rated power compared to N163/5.X. Features design lifetime of 25 years extendable to 35 years, flexible power modes for project-specific optimization, and a sound power level of 105.5 dB(A) at approximately 6.5 MW.
• N163/5.X Wind Turbine Wind turbine with 163m rotor diameter and 20,867 m² swept area. Rated power 5 MW+ with hub heights up to 164m. Optimized for light and medium-wind sites with flexible power modes.
• N169/5.X Wind Turbine Wind turbine specialized for the US market with 169m rotor diameter and single-piece blade. Rated power up to 5.5 MW, designed for low to medium wind speeds and low turbulence. Production started in West Branch, Iowa in 2026 to meet local content requirements.
• N149/5.X Wind Turbine 5 MW+ class wind turbine with highly flexible siteability covering a wide range of power modes. Delivers +20% higher AEP compared to predecessors with sound level at 104.8 dB(A) at 5.5 MW. Hub heights up to 164m.
• N149/4.X Wind Turbine First turbine with flexible rating as core design philosophy. Rated power 4.0-4.5 MW (up to 4.8 MW project specific). +28% higher AEP with sound level at 106.1 dB(A) at 4.5 MW. Suitable for medium wind projects to highly complex sites.
• N133/4.8 Wind Turbine Wind turbine specialized for strong wind sites with 133.2m rotor diameter and 13,935 m² swept area. Rated power 4.8 MW with up to 39% higher yield compared to N100/3300. Includes Cold Climate Package to -30°C with Anti-Icing option. Sound level at 104.5 dB(A).
• N131/3900 Wind Turbine Wind turbine designed for light wind sites with maximum yield in the 3 MW segment. Rated power 3.9 MW with adjustable output. 131m rotor diameter, hub heights 84-134m. Sound level up to 106.2 dB(A) with serrations.
• N131/3600 Wind Turbine Wind turbine for moderate wind sites with adjustable rated power of 3.6 MW. 131m rotor diameter with 13,478 m² swept area. Hub heights up to 134m. Sound level at 104.9 dB(A).
• N117/3600 Wind Turbine Economical wind turbine for IEC-II locations with 3.6 MW adjustable rated power. 116.8m rotor diameter, hub heights 84-141m. Sound level at 103.5 dB(A).
• Delta Series Platform Nordex's earlier generation multi-megawatt platform (predecessor to Delta4000) featuring proven technology for medium and strong wind sites in the 3 MW segment.
• Maintenance & Repair Services Comprehensive maintenance and repair services for Nordex wind turbines, including the 'Premium Service' contracts offering 15-20 year service agreements. Supports over 60 GW of installed capacity globally through the Nordex service organization.
• Wind Turbine Upgrades Wind turbine upgrade services to enhance performance, extend operational life, and improve efficiency of existing installations. Targeted at wind farm owners and operators seeking to modernize their fleets.
• GWO Certified Training Global Wind Organisation (GWO) certified training programs for wind energy technicians covering safety, technical, and operational skills. Offered to owners, operators, and subcontractors.

Quantifiable outcome

• Up to 39% higher yield with N133/4.8 compared to N100/3300 in strong wind sites
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• ElectrogrupcoreImplementation/ SI/ Consulting Partner · 26 June 2026Romanian contractor Electrogrup handles balance-of-plant works for the 392 MW Pestera II onshore wind farm in Romania's Constanța county.
• ORNX Consortium (Ortu, Acciona, Nordex)minorStrategic or Co-development Partner · 3 December 2025Nordex is part of the ORNX Consortium (alongside Ortu and Acciona) selected by Morocco to implement green hydrogen-based industrial plants under Morocco's National Green Hydrogen Strategy. Investment of up to USD 32.9 billion across five consortiums.
• Blue Power PartnerscoreImplementation/ SI/ Consulting PartnerBlue Power Partners provides construction management services for the 392 MW Pestera II onshore wind farm in Romania.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vestas Wind Systems: Vestas is the world's #1 wind turbine manufacturer and Nordex's most direct global competitor, offering onshore and offshore wind turbines across similar MW classes with overlapping customer base of utilities and developers. The two companies compete head-to-head in Europe, North America, and Latin America.
• Siemens Energy (Siemens Gamesa): Siemens Energy, through its Siemens Gamesa business, is a direct competitor in multi-MW onshore and offshore wind turbines, targeting the same utility-scale developers and EPC customers as Nordex. The two compete most directly in European onshore and emerging offshore markets.
• GE Vernova: GE Vernova is a direct competitor in onshore and offshore wind turbines, with comparable product portfolios targeting large utility-scale projects. Both companies serve the same global IPP and utility customer base and compete for major multi-hundred-MW framework agreements.
• Enercon: Enercon is a German-based, privately held direct peer specializing in onshore wind turbines, competing head-to-head with Nordex in Germany and broader European markets. Both target European wind farm developers with gearless/concept turbine technologies and long-term service offerings.
• Goldwind: Goldwind is a Chinese wind turbine OEM and a global direct peer, competing with Nordex in both domestic and export markets. As the largest Chinese manufacturer, it represents a primary source of competitive pressure cited by Nordex in its EU advocacy efforts.

Emerging players

• Mingyang Smart Energy: Mingyang is a major Chinese wind turbine OEM that is increasingly expanding into European and global markets, representing one of the fastest-rising competitive threats cited by Nordex. Overlap is strongest in offshore and large onshore segments where technology is converging.
• Envision Energy: Envision Energy is a Chinese wind turbine manufacturer and a key emerging global competitor, with growing presence in Europe and Asia. The company offers onshore and offshore turbines directly comparable to Nordex's Delta4000 series and is part of the new wave of Chinese OEMs expanding internationally.

Regional players

• Suzlon Energy: Suzlon is India's largest wind turbine manufacturer and a relevant regional peer with growing global ambitions. While its primary market is India, it competes with Nordex in selected emerging markets and shares a focus on cost-efficient onshore turbines for utility-scale developers.

Broad incumbents

• Hitachi Energy: Hitachi Energy is a broad incumbent in power systems and grid integration, supplying transformers, grid connections, and reactive power equipment that complement wind turbine installations. While not a direct turbine competitor, it serves the same utility customers and benefits from the same renewable build-out.
• ABB: ABB is a broad incumbent in electrification and power systems, providing motors, generators, and grid equipment used in wind energy applications. It serves overlapping utility and industrial customers as Nordex and is an enabling technology provider in the broader wind power ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NordexUSA
• YouTubeyoutube.com/c/nordex
• Facebookfacebook.com/nordex
• LinkedInlinkedin.com/company/nordex
• Instagraminstagram.com/nordex

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordex