Nordex Group to Offer N169/5.X Turbine for the US Market

Rhea-AI Summary

The Nordex Group is expanding its product portfolio with the N169/5.X turbine, specifically designed for the US market. This new turbine, part of the Delta4000 platform, features a 169-meter rotor diameter and a power rating of up to 5.5 megawatts. It's optimized for regions with low to medium wind speeds and turbulence.

Key points:

• Production scheduled to start in 2026
• Manufactured in West Branch, Iowa facility
• Designed to meet local content requirements for IRA benefits
• Aims to support Nordex's growth targets in North America
• Offers improved yield for projects with grid capacity

Positive

• Introduction of N169/5.X turbine with 169m rotor diameter and up to 5.5 MW power rating
• Expansion of product portfolio in the 5 MW segment for US market
• Optimized for projects with grid capacity, potentially increasing yield
• Local manufacturing in West Branch, Iowa to meet IRA requirements
• Positioned to benefit from expected growth in the US market

Negative

• Production not scheduled to start until 2026, potentially limiting near-term impact

• 169 m rotor diameter

• Power rating up to 5.5 MW

HAMBURG, GERMANY / ACCESSWIRE / July 22, 2024 / The Nordex Group is expanding its product portfolio in the 5 MW segment and is launching a turbine variant of the proven Delta4000 platform, which is specially tailored to the requirements of the US market.

The N169/5.X has a rotor diameter of 169 meters and a power rating up to 5.5 megawatts. As common with Nordex turbines there will be a range of US optimized towers available. The N169/5.X is particularly suitable for wind regions in the USA without intense turbulence and with low to medium wind speeds.

"Expanding our activities in North America is a key element of our strategy. The N169/5.X is one of the largest and most efficient turbines for the US market, developed to support our growth targets in this region", explains José Luis Blanco, CEO of the Nordex Group. "Once again, we have followed our proven approach of an evolutionary product strategy by using proven components of our 5 MW class to develop a turbine variant that significantly increases yield, especially in projects with limited grid capacity, through an optimized capacity factor."

Manav Sharma, CEO of the Nordex Group's North America division adds: "With this new US turbine, we are well positioned to benefit from the expected growth of the US market. We already have our N163 and N175 variants offering for land constrained and some grid constrained sites in multiple configurations. The N169/5.X will allow us to address additional customer needs in grid constrained sites."

The Nordex local supply chain already in place ensures that local content requirements are met to benefit from the Inflation Reduction Act (IRA). Main components such as nacelles, drive trains and hubs are to be manufactured in the United States. The Nordex Group will manufacture the N169/5.X as well as the N163 turbine for the US market in its facility in West Branch, Iowa. Production of the N169/5.X is scheduled to start in 2026.

About the Nordex Group

The Group has installed around 51 GW of wind power capacity in over 40 markets in its corporate history and generated consolidated sales of around EUR 6.5 billion in 2023. The Company currently has more than 10,000 employees with a manufacturing network that includes factories in Germany, Spain, Brazil, India, USA and Mexico. Its product portfolio is focused on onshore turbines in the 4 to 6 MW+ classes which are designed to meet the market requirements of countries with limited available space and regions with constrained grid capacity.

Contact person for press:
Nordex SE
Felix Losada
Telephone: +49 (0) 40 30030 1141
E-mail: flosada@nordex-online.com

Contact for investor inquiries:
Nordex SE
Anja Siehler
Phone: +49 162 3515 334
asiehler@nordex-online.com

SOURCE: Nordex SE

View the original press release on accesswire.com

FAQ

What are the key features of Nordex's new N169/5.X wind turbine for the US market?

The N169/5.X turbine has a 169-meter rotor diameter, power rating up to 5.5 megawatts, and is optimized for low to medium wind speeds in regions without intense turbulence. It's designed to increase yield in projects with grid capacity.

When will Nordex (NRDXF) start production of the N169/5.X turbine?

Nordex plans to start production of the N169/5.X turbine in 2026 at their facility in West Branch, Iowa.

How does the N169/5.X turbine align with Nordex's US market strategy?

The N169/5.X turbine is part of Nordex's strategy to expand activities in North America. It's designed to meet local content requirements for the Inflation Reduction Act benefits and position Nordex to capitalize on expected US market growth.

What advantages does the N169/5.X turbine offer for grid-constrained sites?

The N169/5.X turbine is optimized for projects with grid capacity, offering an improved capacity factor that can significantly increase yield in these conditions.