Nordex SE: Market share in Germany doubled

Hamburg, 31 January 2014 - “We were fully satisfied with our business in Germany last year,” said Nordex CEO Jürgen Zeschky, presenting the company’s figures for new wind turbine installations in Germany. In 2013, Nordex achieved a roughly 165 percent increase in new installations here. With a full-year output of 251 megawatts (MW), the Northern Germany-based company was able to double its market share in this country to 8.4 percent against the backdrop of an expanding market in which industry-wide onshore installations rose by a double-digit rate to almost 3,000 MW.

This success was underpinned by the performance of the light-wind turbine N117/2400, which generated 75 percent of installation volume. Explains Jürgen Zeschky: “The N117/2400 is generating good sales figures, which are continuing to climb. With is high efficiency, we are able to render numerous light-wind locations economically viable and thus satisfy the German federal government’s new requirements. What is more, we are registering interest in wind turbines of this type in more and more markets beyond Germany.” Thus, the Group’s global installation volume surged by over 36 per cent last year, with the N117/2400 accounting for a good one out of five turbines installed.

Nordex expects to record growing installation numbers in its domestic market in 2014. “We have been anticipating this trend for quite some time now as uncertainty surrounding future tariff structures in Germany is triggering pull-forward effects,” says Zeschky. With its large proportion of export business and strong position in numerous international growth markets, the group sees itself well positioned to weather short-term fluctuation in 2015 in Germany. Looking further into the future, the German federal government is planning a stable course for growth in inexpensive electricity from onshore wind turbines, with new capacity of a good 2,500 MW to be installed each year.