Nordex 2100MW in Orders, Ørsted Innovative Foundations

In this episode, Allen discusses Nordex’s successful Q1 2025 turbine orders, Ørsted’s innovative suction bucket jacket foundations in Taiwan, and Europe’s proposed offshore wind deal aiming for 100 gigawatts by 2040.

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Leading off the week German wind turbine manufacturer, Nordex secured orders for 2100 megawatts of turbines in the first quarter of 2025. A 5% increase from the same period last year. The company received contracts to deliver 337 wind turbines for projects across 10 countries with Turkey, Germany, Finland, Latvia, and Brazil being the largest markets.

The average sales price increased slightly to 870,000 euros per megawatt from 850,000 euros per megawatt a year earlier. CEO Jose Louise Blanco expects this positive momentum to continue throughout 2025. Nordex has installed approximately 57 gigawatts of wind [00:01:00] power capacity in over 40 markets globally, and operates factories in Germany, Spain, Brazil, India, USA, and Mexico.

The first suction bucket jacket foundation has been installed at Ørsted’s Greater Changhua 2B and 4 Offshore Wind Farm Site in Taiwan. The 920 megawatt project will comprise 66 Siemens Gamesa 14-236DD wind turbines all mounted on suction

bucket jackets foundations. This marks the first large scale use of this foundation type in the Asia Pacific region.

According to Ørsted, the suction bucket jacket design minimizes seabed disturbances, generates almost no noise during installation, and can be fully removed at the end of the wind farm’s life. The foundations are being installed by Heerema Marine Contractors, heavy lift vessel Aegir and supplied by HSG Sungdong in South Korea and Petrovietnam Technical Services Corporation in [00:02:00] Vietnam.

Europe’s wind industry has proposed a new offshore wind deal calling on European governments to auction at least 100 gigawatts of new offshore wind capacity between 2031 and 2040. The proposal announced at Wind Europe’s annual event in Copenhagen. Recommends using two-sided contracts for difference to provide revenue, stability, and reduce investment risk.

The plan calls for more coordinated offshore wind development among European countries with capacity evenly distributed over time at approximately 10 gigawatts annually. In return, the industry commits to reducing offshore wind costs by 30% by 2040.

Major developers and suppliers, including Ørsted, RWE, Vattenfall Iberdrola, Vestas, and Siemens Gamesa have signed the proposal pledging to invest in projects, manufacturing capacity and workforce development.