The Nordex Group has concluded a new ESG-linked syndicated Multi-Currency Guarantee Facility with a total volume of EUR 2,475 million, replacing its previous facility with improved terms and a five-year maturity. The new facility, effective from 2026 to 2031, provides the wind turbine manufacturer with greater financial flexibility and cost efficiency, including a material reduction in interest rates on a like-for-like basis.
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). In total, commitments from 15 financial institutions underpin the facility. Legal advisors Freshfields and Clifford Chance supported the transaction.
Dr. Ilya Hartmann, Chief Financial Officer of the Nordex Group, emphasized the strategic importance of the refinancing: "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, "The increased volume and improved conditions also reflect the confidence of our 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 the Group operates. 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 over 11,100 employees and manufacturing facilities in Germany, Spain, Brazil, India, and the USA, the company focuses on onshore turbines in the 4 to 7 MW+ classes.
The successful refinancing underscores Nordex's strengthened financial position and commitment to sustainability, as the facility is ESG-linked. This move is likely to reassure investors and customers of the company's stability and long-term viability in the competitive wind energy market. The improved terms also enable Nordex to better support its sales teams and execute its order backlog, which is critical for maintaining growth momentum. As the company looks ahead to 2031, this enhanced financial framework positions it to capitalize on opportunities in regions with growing demand for renewable energy.
