The Nordex Group has strengthened its financial position by concluding a new ESG-linked syndicated multi-currency guarantee facility worth EUR 2.475 billion, the company announced on July 27, 2026. The five-year facility, effective from 2026 to 2031, offers improved terms including significantly lower interest rates on a like-for-like basis, enhancing the company’s financial flexibility.
The facility was arranged with support from Commerzbank Aktiengesellschaft, Intesa Sanpaolo – IMI CIB Division, and UniCredit Bank GmbH, with commitments from a total of 15 financial institutions. Legal advisors Freshfields and Clifford Chance supported the deal. This refinancing marks a pivotal moment for the wind turbine manufacturer, which has undergone a comprehensive restructuring over the past five years.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, stated: “We’ve been on a journey as an institution for the last 5 years. After a complete reset of the balance sheet to a solid level, a full business turnaround to industrial levels with achievement of our mid-term goals; the refinancing marks the completion of the turnaround of the company on a holistic level.” He added that the facility “secures a strong and reliable framework for the coming years” and enhances financial flexibility to support customers and execute the order backlog.
Guarantee facilities are crucial in the wind energy industry, used to provide guarantees for customer projects and other contractual obligations across markets. The increased volume and improved conditions reflect banking partners’ confidence in Nordex’s business development and long-term prospects, according to the company.
The Nordex Group has commissioned over 64 GW of wind power capacity in more than 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. With more than 11,100 employees, the company operates factories in Germany, Spain, Brazil, India, and the USA. Its product portfolio focuses on onshore turbines in the 4 to 7 MW+ classes, designed for markets with limited space and constrained grid capacity.
The announcement underscores the importance of sustainable financing in the renewable energy sector. The ESG-linked nature of the facility ties financial terms to environmental, social, and governance performance, aligning Nordex’s capital structure with broader sustainability goals. For the wind industry, such instruments are increasingly vital for funding growth and maintaining liquidity in a capital-intensive business.
This refinancing not only provides Nordex with a more cost-efficient framework but also signals a complete financial and operational reset, positioning the company for future growth and stability in the competitive wind energy market.
