Nordex's Q3 orders jump to 974 MW

German wind turbine maker Nordex (ETR:NDX1) today said its firm order intake in the third quarter expanded almost fivefold thanks to strong demand in Europe and the US.

Firmly agreed new orders in the July-September quarter totalled 974 MW, as compared to 203.4 MW in the same period of 2017. Orders accumulated since the start of 2018 stand at over 3,070 MW.

Third-quarter orders from the North American market totalled 405 MW, including recent orders for 122 AW 125 and AW 132 turbines in the US. In Europe, new orders amounted to 218 MW, with the largest volumes coming from Germany, Belgium, France and Finland. Earlier this month, the company announced its first large order for the N149/4.0-4.5 machines, which were selected by French renewables developer Neoen for its 81-MW Hedet wind farm.

Nordex also secured an order to equip a 99-MW wind farm in Argentina, while it South Africa it won two contracts for 252 MW of turbine capacity.

"With close to 1 GW order intake in Q3, the Nordex Group has been able to show a very solid and stable new order performance over four consecutive quarters now," commented Jose Luis Blanco, CEO of Nordex SE. The company is now “largely focused” on its AW125, AW132 and N149/4.0-4.5 turbines, it said.

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