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Nordex increases new business by 31.6% in 2011

Wind turbine manufacturer Nordex recorded a 31.6% increase in new orders in 2011, bringing the total to €1.1 billion.

By Kari Williamson

The wind turbine order intake in the fourth quarter (Q4) reached €400 million, up 30.7% on the same period in 2010.

Europe accounted for 77% of the new wind turbine order intake, and the US accounted for 21%.

“On the strength of this good performance, we assume that the volume of firmly financed order backlog has risen from €411m in the previous year to €700m in the beginning of 2012,” Thomas Richterich, CEO of Nordex comments.

The full annual report is due in April.

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