The Nordex Group has concluded a new ESG-linked syndicated Multi-Currency Guarantee Facility with a total volume of EUR 2,475 million, providing the company with a larger, more flexible, and more cost-efficient financing framework for the period from 2026 to 2031. The facility comes with a 5-year maturity and improved terms, including a material reduction in interest rates on a like-for-like basis.
This refinancing marks the completion of the company's turnaround on a holistic level, according to Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group. "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," Hartmann said. He added that the facility enhances financial flexibility, enabling the company to support customers in relevant regions by helping sales teams convert opportunities into orders and executing the order backlog with discipline.
The facility was arranged with the support of three leading international banks: Commerzbank Aktiengesellschaft (also acting as Bookrunner and Facility Agent), Intesa Sanpaolo - IMI CIB Division (also acting as Global Coordinator, Bookrunner and Sustainability Coordinator), and UniCredit Bank GmbH (also acting as Bookrunner, Documentation Agent and Process Coordinating Agent). The overall facility is based on commitments from a total of 15 financial institutions. Freshfields and Clifford Chance supported the deal as legal advisors.
Guarantee facilities are an important financing instrument in the wind energy industry. They are used to provide guarantees related to customer projects and other contractual obligations in many markets where the Group operates. The increased volume and improved conditions reflect the confidence of banking partners in Nordex's business development and long-term prospects, Hartmann noted.
The Nordex Group has commissioned more than 64 GW of wind power capacity in over 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. The company currently has more than 11,100 employees with a manufacturing network that includes 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.
