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Corporate_development Score 35 Neutral

Nordex Lands 120 MW Wind Turbine Order in Turkey

Apr 02, 2026 07:41 UTC
NDX1.DE, NRDXF, NRXXY
Medium term

Nordex SE has secured a 120 MW wind turbine order in Turkey from a subsidiary of Efor Yatirim Sanayi Ticaret Anonim Sirketi. The deal involves the supply and installation of 18 N175/6.X turbines for a wind power plant in Balikesir.

  • Nordex SE has secured a 120 MW wind turbine order in Turkey.
  • The order includes 18 N175/6.X turbines for the R25-Balkesir-2 wind power plant.
  • Delivery is scheduled to begin in March 2027, with commissioning expected by August 2027.
  • Nordex will provide a 10-year premium service agreement for the project.
  • This is the third collaboration between Nordex and Efor Holding.
  • The project supports Turkey's renewable energy expansion under the YEKA framework.

Nordex SE (NDX1.DE, NRDXF, NRXXY) has announced a significant wind turbine order in Turkey, marking a step forward in its renewable energy expansion. The company will supply and install 18 N175/6.X wind turbines for the R25-Balkesir-2 wind power plant, located near Balikesir. The order, totaling 120 MW, is part of a broader collaboration with Efor Yatirim Sanayi Ticaret Anonim Sirketi (EFOR.IS) and its subsidiary Balkesir Elektrik Yenilenebilir Enerji Üretim ve Satis A.S. The project is scheduled to begin deliveries in March 2027, with commissioning expected by August 2027. Nordex will also provide a 10-year premium service agreement for the facility. This marks the third partnership between Nordex and Efor Holding, supporting Turkey's renewable energy goals under the YEKA framework. The deal underscores Nordex's growing presence in the Turkish market and aligns with the country's efforts to expand its renewable energy capacity. The project is expected to contribute to Turkey's energy transition by adding clean power to the grid. Nordex's involvement in Turkey reflects its strategic focus on international markets, particularly in regions with strong renewable energy policies. The company's stock has seen a decline in recent trading, currently down 2.05% at EUR 43.96 on the XETRA exchange. Efor is also trading lower, down 3.98% at TRY 8.68 on the Istanbul Stock Exchange.

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