The Nordex Group announced the conclusion of a new ESG-linked syndicated Multi-Currency Guarantee Facility totaling EUR 2.475 billion, a move that Chief Financial Officer Dr. Ilya Hartmann said marks the completion of the company's turnaround on a holistic level. The facility comes with a five-year maturity and improved terms, including a material reduction in interest rates on a like-for-like basis, providing the wind turbine manufacturer with a larger, more flexible and cost-efficient financing framework from 2026 to 2031.
The facility was arranged with support from 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). A total of 15 financial institutions provided commitments, with Freshfields and Clifford Chance serving as legal advisors.
Hartmann highlighted the significance of the refinancing in a statement: “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. The successful refinancing of our ESG-linked syndicated Multi-Currency Guarantee Facility has secured us a strong and reliable framework for the coming years. This facility enhances our financial flexibility, enabling us to support customers in the relevant regions by helping our sales teams convert opportunities into orders and executing our order backlog with discipline.” He added that the increased volume and improved conditions reflect the confidence of banking partners in Nordex's business development and long-term prospects.
Guarantee facilities are a crucial financing instrument in the wind energy industry, used to provide guarantees related to customer projects and other contractual obligations across many markets where Nordex operates. The company, which has commissioned over 64 GW of wind power capacity in more than 40 markets since 1985, generated consolidated sales of around EUR 7.6 billion in 2025. With over 11,100 employees and manufacturing facilities in Germany, Spain, Brazil, India, and the USA, Nordex focuses on onshore turbines in the 4 to 7 MW+ classes designed for markets with limited space or constrained grid capacity.
The improved financing terms are expected to bolster Nordex's ability to execute its order backlog and support sales efforts globally. The ESG-linked nature of the facility ties the terms to sustainability performance targets, aligning the company's financial strategy with environmental goals. This development comes as the wind energy sector faces increasing demand for renewable energy solutions and the need for robust financial backing to support large-scale projects. The facility provides Nordex with enhanced liquidity and flexibility to navigate market dynamics and secure new contracts.
For more information, the original press release is available at www.newmediawire.com.
