Nordex: Growth in Germany

Wind Industry Profile of

The Nordex Group installed substantially more wind turbines – 267 units – in its domestic market in 2016 than in the previous year (2015: 176).

This growth of around 50% slightly exceeded the internal budget. As the capacity of these turbines also rose, installed capacity climbed by an even sharper 58% over the previous year to 691 MW (2015: 437 MW). Average capacity per wind power system increased to around 2.6 MW (2015: 2.5). Nordex outperformed the industry as a whole, which posted gains of almost 24% to 4,625 MW (2015: 3,730 MW). This strong market development was driven by the adoption of an auction model for the remuneration of new projects. Consequently, Nordex’s market share increased to around 15% (2015: 12%). Nordex particularly benefited... ... More: Official Press Release Nordex

Keywords:

Nordex, share, Germany, growth