Nordex market share in Germany back in the double digits

Aug 28, 2013 - German wind-turbine maker Nordex (ETR:NDX1) has returned to a double-digit share of its domestic market in terms of newly-installed capacity onshore during the first half of 2013, the company said today.

Nordex' combined new installed wind capacity in Germany for the period sums up to some 109 MW, which corresponds to an 11% share of the market.

Furthermore, the company was able to more than double its domestic sales, driven by the continuing growth of the German wind power market. The market expansion is seen at 14%.

Key for the above-average performance in Germany, Nordex says, is its focus on onshore installations, which currently is in line with the local demand.

The company said half of the installed turbines during the first half of the year were of the type N117/2400. Nordex launched mass production of this onshore wind turbine in 2012.

The N117/2400 has a larger rotor diameter, which allows for a more economical use of the turbine in locations with weaker winds.

Expecting that wind-produced power will become cheaper in the future, Nordex has developed its Delta Generation turbines that are more efficient in areas with stronger winds. The first turbines of that new generation have already been installed in the state of Schleswig-Holstein, northern Germany. This will allow Nordex to focus mainly on sales and marketing in the foreseeable future, company executive Lars Bondo Krogsgaard said in today's statement.

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