Nordex enters New Zealand with 192 MW order: Nordex stock gains 1.04 percent

Published on 10/29/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercury ordered 40 turbines with a 30-year contract on October 22, 2026. The project gives Nordex stock its first New Zealand foothold, with installation planned for 2028.

New Zealand broadens Nordex's footprint

The turbines use Nordex's N133/4.8 model and will be installed at Puke Kapo Hau in Otago.
The first turbine is planned for a 90-meter tubular steel tower.
Nordex's latest outlook also lifted the full-year EBITDA margin range to 11.5 percent to 12.5 percent.

Nordex, DE000A0D6554, Illustration mit AI erstellt.

Nordex (ISIN DE000A0D6554) has received its first New Zealand order, covering 192 MW of wind capacity for Mercury. The Nordex SE announcement dated October 22, 2026, confirms the company's entry into the country's wind market.

A 30-year service runway

Mercury ordered 40 N133/4.8 turbines for the Puke Kapo Hau wind farm in Otago on New Zealand's South Island. The agreement also includes comprehensive service for 30 years, extending Nordex's role beyond turbine delivery and into long-term operations.

The order adds a new regional market to Nordex's international projects business. It also gives the company a local execution task, because Nordex plans to work with New Zealand contractors for crane services, installation and final commissioning.

Execution begins in 2028

Installation of the first turbine is scheduled to begin in early 2028, with initial commissioning planned for the middle of that year. The project will use a 90-meter tubular steel tower, while the wind farm is located in an area with average wind speeds above 8 meters per second.

Margins remain the larger market test

The New Zealand contract arrives after Nordex raised its full-year EBITDA margin guidance on October 15, 2026. In its official release, the company lifted the range to 11.5 percent to 12.5 percent from 8.0 percent to 11.0 percent, citing stronger Service margins and project execution.

Stock moves above the prior close

Nordex was trading at EUR 38.70 at Lang & Schwarz on October 29, 2026 at 3:41 p.m. CEST, up 1.04 percent versus the Xetra close of October 28, 2026 at EUR 38.30. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.